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Tuesday, 4 October 2011

14.43 percent decline in sales in September reports Steel Strips Wheels

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A leading manufacturer Steel Strips Wheels Ltd, of automotive wheels has reported that its sales have fallen 14.43 percent in September to 7.53 lakh rims. The company had reported a sales figure of 8.80 lakh during the same period of last year.

As per the reports, its production also declined by little over 13 percent to 7.53 lakh rims vis-a-vis 8.66 lakh rims of last September. It achieved a growth of 262 percent in sale of truck wheels and 50 percent growth in sales of tractor wheel rims. But, sales of car wheel rims, the mainstay of the company registered a decline of over 20 percent in September.Vcommindia News

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