SSWL Sales up 12 percent YoY in November 2013

    SSWL is happy to announce that Nov 2013 Total wheel rim sales stood at 8,69,680 Vs 7,77,433 in Nov 2012 representing a growth of 12%.

    In terms of value, SSWL achieved gross sale of Rs. 9135 lacs in November, 2013 as against Rs. 8116 lacs in November, 2012 registering a growth of 12.55% . Net sale of the company in November, 2013 is Rs. 8143 lacs as against the figure of Rs. 7363 lacs in November, 2012 , registering a growth of 10.60%.

    Exports volume grew by 5% to 1,04,106 in Nov 2013 vs. 99,392 in Nov 2012. The export segment is growing steadily and is expected to move up going into fourth quarter with ramp up in new businesses will come into effect.

    2 & 3 Wheeler segment grew by 72% on the back of good volume growth across the customers and is poised to move with brisk pace over the coming months supporting overall volumes.

    Tractor segment volumes grew by 12% YoY and are expected to again pick good momentum from fourth quarter onwards on the back of new developments and goods monsoon yielding record harvest. This segment is expected to grow at 15% going forward in balance 4 months of this financial year.

    Domestic Passenger vehicle segment shrank by 7% on lower nos of working days in this month and some post slowdown post festive season. This is expected to improve going into fourth quarter.

    LCV & MHCV segment volumes grew by 22% on few developments coming in place and helping volumes in otherwise very tough CV segment cycle. The segment will continue to face headwinds and we will try to face them by broadening our product portfolio and exploring new markets for the segment.

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