Aluminium and Tractor segments lead with record performance
Chandigarh, November 3, 2025:
Steel Strips Wheels Limited (BSE: 513262 | NSE: SSWL) announced its monthly business update for October 2025, highlighting a solid growth trajectory driven by strong demand in its aluminium and tractor wheel segments.
The company recorded a net turnover of ₹420.10 crore in October 2025, compared to ₹370.05 crore in October 2024 — an increase of 13.53% year-on-year. Gross turnover also rose to ₹481.84 crore, up from ₹451.24 crore in the previous year.
Segment-Wise Growth Breakdown (YoY)
| Segment | Volume Growth | Value Growth |
| Aluminium Products | 32% | 41% |
| Tractor | 23% | 16% |
| Truck | 1% | -1% |
| Passenger Car (Steel) | -4% | -11% |
| 2 & 3 Wheeler | -15% | -8% |
| Exports (Overall) | -66% | -48% |
| Overall | 4% | 14% |
The company achieved its highest-ever monthly sales in the Aluminium segment, reflecting strong domestic demand and capacity expansion benefits. The Tractor segment also recorded healthy growth, driven by rural demand recovery and higher OEM offtake.
However, SSWL reported a sharp decline in export sales, attributed to global market slowdowns and reduced overseas demand, particularly from Europe.
Steady Domestic Momentum
Despite the export challenges, the company maintained overall growth momentum through domestic market strength. Demand from the passenger car and truck segments remained stable, while aluminium wheels continued to emerge as a key growth driver for future quarters.