Wheels India Stock Climbs 2% on South Korea Partnership for Hydraulics Growth

Chennai, Sept 29, 2025: Wheels India Ltd (NSE: WHEELS, BSE: 590073) stock rose more than 2% in early trade following an announcement of a technical partnership with South Korean hydraulics giant SHPAC. The alliance is for developing Wheels India’s hydraulic cylinder business, a growth-focused segment that has been identified.

Incorporated in 1960 and listed from April 2000, Wheels India belongs to the TSF (Trichur Santhanam Family) Group. With a diversified business in auto components, suspensions, industrial equipment, and wind energy components, the company traces its roots deep in the former TVS ecosystem and has a solid presence in automobile manufacturing and allied financial services.

Stock Performance

As of 12:42 pm IST, the stock was trading at ₹885.70, up 2.57% from the previous close. The market capitalization was ₹2,166.72 crore, and the free float market cap was ₹864.38 crore, with a 52-week range of ₹543.60–₹911.95 and a P/E ratio of 18.65. VWAP was ₹887.38.

Agreement Highlights

The technology transfer pact with SHPAC, a prominent South Korean hydraulic cylinder producer, is set to increase Wheels India’s international presence in the hydraulics division.

Srivats Ram, Managing Director of Wheels India, said, “We feel the hydraulics cylinder business has the possibility to be a significant growth driver internationally. This pact with SHPAC opens up new possibilities and will provide a boost to our growth in this area.”

Recent Financial Performance

For Q1 FY26, ending June 30, 2025, Wheels India registered a net profit of ₹26.44 crore and revenue of ₹1,187 crore with export revenue over ₹300 crore. The firm had breached the ₹100 crore net profit mark in FY25, indicating the company’s consistent growth path.

Strategic Implications

The collaboration with SHPAC is seen as a significant growth catalyst for Wheels India, particularly in its hydraulics business, complementing its existing leadership in commercial vehicle, tractor, and construction equipment wheels. This strategic alliance strengthens the company’s capabilities and positions it for potential international expansion in specialised automotive components.

REF: https://nsearchives.nseindia.com/corporate/WHEELS_29092025091324_WILReg30PressRelease.pdf

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