Steel Strips Wheels Limited (SSWL) has announced a significant business win, securing a nomination for steel wheel supplies from a leading European Original Equipment Manufacturer (OEM). The order, valued at approximately €15 million, will span over six years, with series supplies projected to commence by the end of calendar year 2026.
Key Highlights of the Order:
- Awarding Entity: A prominent European OEM.
- Nature of the Contract: Export order for steel wheels.
- Value of the Order: Close to €15 million.
- Execution Timeline: Six years, with supplies beginning by late 2026.
- Strategic Importance: This aligns with SSWL’s ongoing strategy to expand its presence in the European and U.S. OEM markets.
SSWL expressed optimism about additional opportunities from global OEMs in the coming months, further solidifying its position in the international automotive supply chain.
This order underscores SSWL’s capability to deliver high-quality products and its focus on global expansion, particularly in the European market.
