- Wheels India partners with Topy Industries to enhance aluminium wheel technology.
- The company supplies alloy wheels to Indian OEMs, including Tata, Stellantis, and Hyundai.
- Production capacity to rise from 5 lakh to 10 lakh wheels by FY27.
Wheels India announced that it has signed a technical assistance agreement with Topy Industries, based in Tokyo, to enhance its skills in the design, development, and production of cast aluminium alloy wheels.
According to the agreement, Topy Industries will offer technical expertise and engineering assistance to improve Wheels India’s design and production methods in the aluminium wheel sector. Topy is a century-old worldwide producer of wheels, renowned for its advanced skills in aluminum wheel technologies.
Wheels India embarked on its alloy wheel venture in FY21 by inaugurating a cutting-edge manufacturing plant at Thervoy Kandigai, close to Chennai. The firm originally concentrated on exporting to the US and European aftermarket but has now redirected its focus to the domestic original equipment manufacturer (OEM) sector.
It has begun delivering aluminium alloy wheels to Indian OEMs, such as Tata Motors and Stellantis. Moreover, the firm has obtained fresh local orders from Hyundai Motor India and Volkswagen, anticipating the commencement of supplies to these clients next year.
“Topy Industries is a globally renowned aluminium wheel manufacturer with cutting-edge technologies. This agreement is expected to bring in considerable technical expertise and help us win new businesses, strengthening our competitive position in the cast aluminium segment," said Srivats Ram, Managing Director, Wheels India.
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The company is also eyeing opportunities with Japanese automakers operating in India. “Through this agreement, we are hoping to make fresh inroads into Japanese OEMs in India in the alloy wheel segment,” Ram added.
To meet increasing demand, Wheels India is boosting capacity at its Thervoy Kandigai alloy wheel facility to 7 lakh wheels annually from the present 5 lakh. This growth is anticipated to be finalized by the conclusion of the upcoming quarter. Motivated by demand insights in the aluminium wheels sector, the firm aims for an additional capacity growth to 10 lakh wheels annually, slated for completion by the end of FY27.