Srivats Ram, CMD, Wheels India
Wheels India Ltd, the Chennai-based auto component manufacturer, reported a 30 per cent rise in consolidated net profit at ₹38 crore for first quarter ended June 30, 2026, against ₹30 crore in the same quarter last year. Consolidated revenue increased 18 per cent to ₹1,491 crore (₹1,266 crore).On a standalone basis, Wheels India’s revenue for Q1FY27 went up 16.8 per cent to ₹1,386 crore compared to ₹1,187 crore in the same period last year. Net profit grew 42 per cent to ₹37 crore.Exports grew 17 per cent to ₹380 crore in Q1FY27 against ₹324 crore in Q1FY26, a statement from the company said. “The company’s sales grew along with the domestic market for cars, trucks and agriculture tractors that continued their momentum post GST 2.0 reforms. In addition, we saw strong growth in the export of construction equipment wheels. There were strong inflationary pressures on material cost due to the West Asia crisis, said Srivats Ram, CMD, Wheels India, in a statement. “We expect the growth momentum to continue in Q2,” he added.The company’s capex this fiscal will be over ₹300 crore, he told businessline.Wheels India is a manufacturer of wheels for trucks, agricultural tractors, passenger vehicles and construction equipment; air suspension systems for trucks and buses and industrial components for the construction and windmill industry. It has manufacturing plants in Tamil Nadu, Maharashtra, Uttar Pradesh, Uttarakhand and Andhra Pradesh.Published on July 27, 2026
