Steel Strips Wheels is going to increase the capacity of its Oragadam manufacturing unit by four million wheel rims. The auto component maker will spend Rs.60 crore for the purpose. The company is doing so in the wake of growing demand for its products. The process of capacity increase will be complete by 2011.
Steel Strips Wheels has also bagged an order for 4,000 automotive steel wheels by a German firm. As of now, the company delivers steel wheels for passenger cars, two-wheelers, trucks, tractors and multi utility vehicles. The company has recently started its third unit at Jamshedpur for truck wheels.