financetom
Market
financetom
/
Market
/
Wheels India to launch flow form technology in cast alloy wheel for Indian market
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Wheels India to launch flow form technology in cast alloy wheel for Indian market
Jan 17, 2023 6:59 AM

Share Market Live

NSE

Chennai-based wheel manufacturer Wheels India Ltd. will launch the flow form technology in cast alloy wheels for the Indian market soon.

Flow form technology involves the application of pressure to the inner barrel of the wheel while spinning and after it has been casted. This process stretches and compresses the aluminium, which increases tensile strength.

The product has already been launched for the overseas market. The technology is one of the most advanced manufacturing technologies in the wheels Industry.

The company recently started exporting the flow form wheels to the United States and expects to launch the product soon for the Indian market. The product was also displayed at the ongoing Auto Expo 2023 in Greater Noida.

Wheels India is manufacturing cast alloy wheels at its state-of-the-art cast aluminium plant in Thervoy Kandigai, near Chennai.

Srivats Ram, MD, Wheels India, said, “The flow form technology is lighter, stronger, has increased elongation and much greater shock resistance over a traditional cast wheel. This is likely to increase mileage, safety, and longevity.”

Wheels India is a leading manufacturer of wheels for trucks, agricultural tractors, passenger vehicles, and construction equipment as well as air suspension systems for trucks and buses.

The company also manufactures industrial components for the construction and windmill industry with manufacturing plants in Tamil Nadu, Maharashtra, Uttar Pradesh, and Uttarakhand.

Shares of Wheels India ended 1 percent higher at Rs 579.95.

First Published:Jan 17, 2023 3:59 PM IST

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Bristol-Myers Squibb, Deckers Outdoor And 3 Stocks To Watch Heading Into Friday
Bristol-Myers Squibb, Deckers Outdoor And 3 Stocks To Watch Heading Into Friday
Jul 25, 2024
With U.S. stock futures trading higher this morning on Friday, some of the stocks that may grab investor focus today are as follows: Wall Street expects Bristol-Myers Squibb Company ( BMY ) to report quarterly earnings at $1.63 per share on revenue of $11.55 billion before the opening bell, according to data from Benzinga Pro. Bristol-Myers Squibb ( BMY )...
Wall St Week Ahead-Spooked U.S. stock market faces tech earnings minefield, Fed meeting
Wall St Week Ahead-Spooked U.S. stock market faces tech earnings minefield, Fed meeting
Jul 26, 2024
NEW YORK, July 26 (Reuters) - Rattled investors are bracing for earnings from the market's biggest tech companies, a Federal Reserve policy meeting and closely watched employment data in a week that could determine the near-term trajectory of U.S. stocks following a bout of severe turbulence. A months-long rally in massive tech stocks hit a wall in the second half...
EMERGING MARKETS-Stocks slide to six-week low; Russia, Ghana rate decisions awaited
EMERGING MARKETS-Stocks slide to six-week low; Russia, Ghana rate decisions awaited
Jul 26, 2024
(Updated at 0907 GMT) * U.S. PCE data due at 1230 * Sri Lanka to elect new president on Sept 21 * Turkey c.bank not considering rate cuts now, deputy Akcay says * Hungary flags pre-election stimulus as recovery falters * Stocks down 0.2%, FX off 0.1% By Johann M Cherian July 26 (Reuters) - Investors in emerging markets showed...
JGB yields fall as US Treasury yields decline; BOJ jitters continue
JGB yields fall as US Treasury yields decline; BOJ jitters continue
Jul 26, 2024
TOKYO, July 26 (Reuters) - Japanese government bond (JGB) yields fell on Friday, as a decline in U.S. Treasury yields and strong demand at an auction for two-year JGBs supported buying, although caution regarding the Bank of Japan's (BOJ) monetary policy meeting next week reined in the size of moves. The benchmark 10-year JGB yield fell 1 basis point (bp)...
Copyright 2023-2026 - www.financetom.com All Rights Reserved