SSWL achieved November 2020 total wheel rim sales of 13.00 Lacs Vs 12.52 Lacs in November 2019 representing a growth of 4% YoY.
SSWL has achieved gross turnover of Rs 193.10 Crs in November 2020 V 151.89 Crs in November 2019, there by recording a growth of 27 % and achieved Net turnover of Rs.158.95 Crs in November 2020 Vs Rs.125.46 Crs in November 2019, recording a growth of 27 %.
The export segment can offer further upside to sales numbers but is facing headwinds of supply chain issues pertaining to container availability and it is expected to improve going into next quarter. Production capability remains at above 95% in all plants and we expect this to be maintained going ahead into Q4 of FY 20-21.
Alloy Wheel sales Grew by 437% YOY
Exports sales Grew by 57% YOY
Segment wise Breakup of growth
|Segment||October Growth (YoY)|
|2 & 3 Wheelers||-40%|
Exports Segment volume rose by 57%. The export segment reported YoY growth and we expect the trend to continue with steep increase in US and EU.
Passenger car segment volumes rose 8% in November 2020 YoY. The PV volumes saw a growth with Continued Festival season helping the demand We are hoping that the steady upward in demand to maintain growth for PV segment.
Tractor volumes rose by 35% in November 2020 YoY. The tractor segment reported a positive growth in the month. Helped by Govt initiative towards TRACTOR FOR ALL mission will maintain the growth in this segment.
Commercial Vehicles segment volumes rose by 1% YoY in November 2020. The CV segment reported at par YoY. The segment is expected to witness steady improvement and industry is waiting for Scrappage policy for next uptick in demand.
2 & 3 Wheelers Segment fell 40%. The 2/3 wheeler segment continued its drag. The segment is not showing growth with some shift going towards Bike segment on personal mobility. The segment is expected to remain under pressure for some more time.