Copyright thehindubusinessline
Wheels India is all set to start exporting tractor wheels from its new plant in Mambuttu near Chennai, said its Managing Director, Srivats Ram. The company has invested around ₹100 crore in this plant which has an annual capacity of over 1 lakh tractor wheels, he told businessline. The company is one of the world’s largest manufacturers exporting the products to leading brands in the US, South America and Korea. “We will export the first set of tractor wheels from this plant to the Europe market this quarter. An interesting feature of the plant is that the Wheels are in unique sizes and designs and there is a high variety,” he said. The company, which holds the largest market share in India in the tractor wheels segment, is also manufacturing them for the domestic market from this plant. Its products in this segment caters to small tillers as well as high-end tractors and are also used for industrial applications and in turf/garden tractors for recreational purposes, he added. Revenues from the Tractors and Construction Equipment segment had risen to around ₹1,500 crores (one third of the company’s revenues) last year, Ram said, adding that going forward, this is one of the important growth segments for the company. He said there is a revenue potential of another ₹500 crore, over the next five years, from this segment. “We have a 7 per cent market share in this segment in the overseas market and see prospects for a substantially larger growth. With the export focus, we should start winning new business in the future,” Ram said. Wheels India registered a 27 per cent rise in its Q2 net profit at ₹28 crore, on revenues of ₹1,179 crore. The company’s share price on the NSE closed at ₹913.10, down by ₹5.65. Published on November 4, 2025
