Steel Strips Wheels Records All-Time High Sales in October 2026

Net Turnover: Rs 647.05 crore (up 55.58% YoY)
Gross Turnover: Rs 753.65 crore (up 56.69% YoY)

Reader Takeaway: Record sales are fueled by diversified growth in EVs and exports, though maintaining this momentum remains critical.

What just happened

Steel Strips Wheels Ltd (SSWL) has continued its record-breaking streak, posting its highest-ever sales turnover for the fourth month in a row. The company reported a net turnover of Rs 647.05 crore for October 2026, significantly outpacing the Rs 415.90 crore recorded in October 2025. This performance also eclipsed the previous record set just one month prior in September 2026.

Why this matters

The company’s growth is broad-based, reducing reliance on any single product line. Notably, exports grew 179% in value, while the 2 & 3-wheeler segment (including EVs) saw a 89% increase. The aluminium products segment reached an all-time monthly high, supported by rising SUV demand and higher capacity utilization at the Mehsana plant.

Analysis of segments

• Exports: Strong performance driven by international OEM contracts.
• EV Sector: 2 & 3-wheeler segment growth is benefiting from rapid EV adoption in India.
• Commercial Vehicles: High fleet activity and logistics demand contributed to record sales.
• Passenger Cars: Steel wheels saw steady growth of 40% in value, aided by pre-festive demand.

Risks to watch

While the current momentum is strong, investors should monitor the sustainability of the EV-led growth in the 2/3-wheeler segment. Additionally, continued reliance on international OEM contracts makes the company sensitive to global economic conditions and logistics costs.

What to track next

Key focus areas include the continued capacity utilization efficiency at the Mehsana plant and whether the company can maintain these record-breaking turnover levels in the coming months as festive season demand shifts.