Wheels India Ltd on Tuesday mentioned its determination to ascertain a subsidiary in Europe is geared toward driving enterprise development within the area over the subsequent three to 5 years.
In July, the corporate introduced plans to arrange a European arm with a share capital of fifty,000 Euros to help its growth technique and strengthen buyer engagement within the area.
Commenting on the transfer, Wheels India Managing Director Srivats Ram mentioned, “The subsidiaries in the US and Europe are a part of our long-term technique to give attention to and leverage alternatives in these two geographies, throughout each auto and non-auto segments.”
“Whereas we have already got clients in these markets, we imagine a neighborhood presence will allow us to higher meet their necessities and construct a basis for sustained development over the subsequent 3-5 years,” he mentioned in a press launch.
Earlier within the day, the Chennai-based producer reported a 4 per cent improve in web revenue for the April-June 2025 quarter at Rs 26.44 crore, up from Rs 25.37 crore in the identical interval final 12 months. The expansion was pushed by elevated demand throughout product segments.
Wanting forward, Ram expressed optimism about home demand, significantly within the agricultural sector. “We count on sturdy tractor demand this 12 months, supported by the forecast of an excellent monsoon,” he mentioned.
On the exports entrance, he famous, “Given the headwinds associated to US tariffs, we must wait and watch how the scenario evolves within the brief time period. Nevertheless, we stay optimistic about export development prospects in the long term.”
Wheels India presently operates manufacturing amenities throughout Tamil Nadu, Maharashtra, Uttar Pradesh, and Uttarakhand.
