Srivats Ram, MD, Wheels India
| Photograph Credit score:
BIJOY GHOSH
Chennai-based Wheels India, a part of the TSF Group, strengthened its concentrate on innovation throughout FY26 by securing 26 new design patents, taking its complete patent portfolio to 125. It elevated its analysis and growth expenditure to 0.76 per cent of turnover in FY26 from 0.53 per cent in the earlier 12 months, in response to Chairman and Managing Director Srivats Ram’s message in the 2025-26 annual report.
As a part of its product growth efforts, Wheels India launched new kinds of flex wheels in a number of sizes for passenger automotive purposes. The expertise is anticipated to allow the corporate to supply each metal and alloy wheels with enhanced designs.
Wheels India has deliberate capital expenditure of greater than ₹280 crore in FY27, greater than the roughly ₹260 crore invested in the earlier 12 months.
For FY26, the corporate reported a internet revenue of ₹139 crore on revenues of ₹5,124 crore.
Wheels India operates 14 manufacturing crops throughout India, together with two wheel and tyre meeting services, catering to business automobiles (CVs), passenger automobiles (PVs), tractors and development gear producers. Its buyer base spans India, the US, Japan, Europe, Korea, Brazil, the UK and Mexico.
The corporate stated enterprise situations improved throughout FY26, aided by GST 2.0 reforms and stronger rural incomes, which boosted demand throughout PVs, CVs and agricultural tractors. All three segments recorded progress of over 10 per cent in the course of the 12 months.
Export progress
On the export entrance, Wheels India stated it remained cautiously optimistic regardless of tariff-related disruptions. Robust demand from the US market supported progress in its wheels, structural fabrication and hydraulic cylinder companies. The corporate expects export progress to proceed, backed by new enterprise below growth throughout segments.
Within the wind vitality phase, Wheels India expanded provides of fabricated and machined elements to offshore wind turbine producers globally and plans to widen its buyer base additional in the course of the present 12 months.
The corporate, nevertheless, flagged dangers arising from geopolitical tensions in West Asia, together with potential supply-chain disruptions and better commodity and vitality costs. It stated operational efficiencies would stay a key focus space to mitigate these challenges.
Revealed on June 9, 2026
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