Steel Strips Wheels Limited reported sales results for the month ended July 2016. For the month, the company reported gross turnover of INR 1,144.1 million against INR 1,222.7 million a year ago, there by recording de-growth of 6% the RM drop of close to 20% is settled with all the customers are this is the main reason behind the revenue drop. The company achieved total wheel rim sales of 1.263 million against 1.165 million last year, representing 8.4% year-on-year growth.

The company expects to clock record second quarter to reach 3.8 million wheels against 3.368 million wheels indicating close to 13% volume growth for the second quarter of 2016.