Stock Report

Wheels India launches Flow Form technology in Cast Alloy Wheel, set to roll out for the Indian Market



Posted On : 2023-01-17 12:55:18( TIMEZONE : IST )

Wheels India launches Flow Form technology in Cast Alloy Wheel, set to roll out for the Indian Market

Chennai headquartered wheel manufacturer Wheels India Limited has launched the Flow Form technology in Cast Alloy Wheel, one of the most advanced manufacturing technologies in the wheel industry.

The Company, which operates a state-of-the-art cast aluminum plant in Thervoy Kandigai, near Chennai, recently began exporting the flow forming wheel to the US market and expects to launch the product soon for the Indian market.

Flow Forming 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 aluminum, which increases tensile strength.

The product was displayed at the auto expo in Delhi.

On the features of this product, Srivats Ram, MD, Wheels India said "The Flow Form Technology is lighter, stronger, has increased elongation and a much greater shock resistance over a traditional cast wheel. This is likely to increase mileage, safety and longevity."

Shares of Wheels India Limited was last trading in BSE at Rs. 572.65 as compared to the previous close of Rs. 572.45. The total number of shares traded during the day was 281 in over 56 trades.

The stock hit an intraday high of Rs. 577.80 and intraday low of 565.10. The net turnover during the day was Rs. 160009.00.

Source : Equity Bulls

Keywords

WheelsIndia INE715A01015 FlowFormTechnology CastAlloyWheel