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Trades about 9% below its sector, cheaper than its peers on earnings.
Wheels India Limited, operating with its subsidiary, specializes in the production and distribution of automotive and industrial components throughout India and global markets. The company's extensive portfolio features various types of wheels, including steel wheels for heavy, light, and agricultural vehicles, alongside off-road construction, wire, and forged aluminum models. It further supplies air suspension systems tailored for buses, trucks, and trailers, complemented by a selection of control and specialty products. Beyond wheels and suspensions, the firm manufactures wind turbines and precision-machined parts for a wide array of other applications. Its offerings also encompass automotive structural elements such as beams, boxes, columns, both automatically and manually welded plates, and rolled sections. Additionally, Wheels India delivers fabrication services to the construction and mining equipment sectors. Founded in 1960, the company maintains its principal office in Chennai, India.
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