Steel Strips Wheels Net Turnover Rises 55.58% in October 2026

Steel Strips Wheels Ltd (SSWL) reported gross sales turnover of Rs 753.65 crore in October 2026, registering a 56.69% year-on-year increase over Rs 480.99 crore in October 2025. Net turnover rose 55.58% to Rs 647.05 crore from Rs 415.90 crore in the year-ago period.

October marked the fourth consecutive month in which the company recorded its highest-ever monthly sales turnover. The latest performance surpassed its previous record set in September 2026, when net turnover stood at Rs 625.81 crore.

Overall sales volume increased 29% year on year during October, while value growth stood at 56%, according to the company's stock exchange filing dated November 2, 2026.

Aluminium and Commercial Vehicle Segments Record Highest-Ever Monthly Sales

SSWL's aluminium products segment recorded its highest-ever monthly sales, with value increasing 66% year on year and volumes growing 26%. The company attributed the growth to demand for premium passenger vehicles and SUVs, along with higher capacity utilisation at its Mehsana plant.

The commercial vehicle (CV) segment also registered its highest-ever monthly sales. Segment sales value increased 53% year on year, while volumes grew 41%, supported by freight movement, fleet utilisation and industrial activity.

Passenger car steel wheel sales increased 40% by value and 24% by volume during the month. The company attributed the segment's performance to OEM offtake ahead of the festive season.

Exports and Two-Wheeler Segments Post Growth

SSWL's exports recorded a 179% year-on-year increase in sales value and 106% growth in volumes in October, which the company attributed to demand across international OEM contracts.

The two- and three-wheeler segment, including electric vehicle applications, reported 89% growth in sales value and 54% growth in volumes. The company cited increased adoption of electric two-wheelers and higher dispatch volumes as factors supporting the segment.

Tractor sales increased 18% by value and 10% by volume, with the company citing rural demand and seasonal agricultural activity.

The October performance reflects growth across the company's major product segments, with aluminium products, commercial vehicles and exports recording the highest value growth among the reported categories.