SSWL bags USD 55 Mln Exports business from USA
SSWL is glad to announce that it has bagged its maiden export order from Elio Motors, USA. This order is one of SSWL’s biggest Export order in its history. Supplies would be for Elio’s plant in Shreveport, Louisiana and would be executed from SSWL’s Chennai plant.
This order that will include development of 2 Ground wheels also marks SSWL’s entry into a new geography. Total project volume would be approx 3 mln wheels spread over 5 years generating cumulative revenue of about USD 55 Mln.
SSWL aims to increase its presence in North America by launching its Commercial Vehicle Steel wheels and Passenger Car Alloy wheels from its upcoming green field plants in India in coming months.