Wheels India (WHEELS) Investor presentation summary

Business mix and global reach

• Automotive products generated 4,526.42 Cr in FY26, ~83% of revenue, with 25.3% segment ROCE; industrial products generated 938.52 Cr, ~17%, with 6.8% segment ROCE.

• Exports reached 1,341.94 Cr in FY26, 26% of revenue, versus 1,215.91 Cr in FY25 and 1,119.16 Cr in FY24; exports served customers in 27 countries.

• Strategic relationships include a hydraulic-cylinder alliance with Korea’s Shinhung Precision Machinery and a technical assistance agreement with Japan’s Topy for cast aluminium wheels.

Manufacturing and engineering capabilities

• Manufacturing footprint spans 7 facilities, with 9,000+ employees and an NABL-accredited laboratory; listed product capabilities cover automotive wheels, air suspension, large machining, wind components and fabricated bodies.

• Engineering resources include 100+ engineers and technicians, 50+ international patents and 252+ development projects; R&D spend was 38.51 Cr, or 0.76% of turnover, in FY26.

• Product development includes forged aluminium wheels certified for Europe, electronically controlled air suspension and an automatic tire inflation system for commercial and defence vehicles.

Segment performance and demand drivers

• FY26 revenue: commercial vehicle wheels 1,016 Cr (+13% YoY), tractor wheels 873 Cr (+21%), passenger vehicle wheels 895 Cr (+12%) and passenger-car alloy wheels 371 Cr (+5%).

• Construction and mining equipment wheels generated 817 Cr in FY26, equal to 15% of consolidated revenue; products span single-piece drop-centre through multi-piece wheels.

• Air suspension and lift axles generated 556 Cr in FY26, up 31% YoY and contributing 10% of revenue; demand drivers include fleet modernization, public transport expansion and higher-specification vehicles.

• Wind turbine and other industrial components generated 738 Cr in FY26; cited demand drivers include India’s 100 GW wind-capacity target by 2030 and 25.4 GW of repowering potential.