September 28, 2020

Metal Strips Wheels baggage orders price Rs 34 lakh in US caravan trailer market



New Delhi: Auto element maker Metal Strips Wheels on Monday mentioned it has acquired orders price over USD 46,000 (round Rs 34 lakh) for about 3,700 wheels for the US caravan trailer market.

In a regulatory submitting, Metal Strips Wheels Ltd (SSWL) mentioned these new export orders are to be executed in September from its Chennai plant.

The corporate mentioned extra comparable orders are anticipated from the identical buyer base as companies have picked up velocity.

Final week, SSWL had acquired orders price over EUR 2,53,000 (round Rs 2.20 crore) for about 37,000 wheels for the European Union (EU) caravan trailer market.

Final month, Metal Strips Wheels had mentioned it’ll clock a income of greater than Rs 325 crore within the present fiscal yr with sale of over 10 lakh alloy wheels, primarily based on present orders. This can characterize over 300 per cent development over final monetary yr.