Steel Strips Wheels Ltd. (SSWL) recorded a strong performance in November 2025, posting a net turnover of ₹438.13 crore, compared to ₹371.52 crore in the same month last year. This reflects a year-on-year increase of 17.93%. The company also reported a gross turnover of ₹505.02 crore for November 2025, up from ₹455.05 crore in November 2024, marking a 10.98% rise.
The latest numbers highlight the company’s continued demand momentum across key product lines, although growth varied significantly between segments. In the aluminium wheels segment, SSWL recorded the most notable expansion, with volume rising 39% and value increasing 42% year-on-year. The tractor segment also showed healthy improvement, registering 37% volume growth and 36% growth by value.
For the two- and three-wheeler category, demand remained steady with a 19% rise in volumes and a 23% increase in value. The truck segment delivered moderate improvement, with 8% growth by volume and 7% by value.
However, the performance was not uniform across all product areas. Passenger car steel wheels saw a decline, with volumes contracting 11% and value slipping 17% year-on-year. Export markets also experienced pressure, as overall export volumes dropped 54% and export value declined 31% during the month.
Despite the mixed segment trends, SSWL closed November 2025 with an overall 9% increase in volumes and an 18% rise in value on a year-on-year basis. The company’s strong domestic demand, coupled with its growing aluminium and tractor segments, played a key role in sustaining its positive momentum.
