Business EconomyPosted at: Dec 15 2025 1:48PM


Wheels India signs technical agreement with Japan’s Topy industries

Chennai, Dec 15 (UNI) Wheels India has signed a Technical Assistance Agreement with Tokyo,
Japan headquartered Topy Industries for the design, development and manufacture of aluminium alloy
wheels.
As part of this agreement, Topy will provide technical knowhow and engineering support to
enhance Wheels India's design and manufacturing capabilities for the cast aluminium wheel business.
new orders in the domestic market
Wheels India had forayed into the alloy wheel business in FY21 with a state -of- the-art facility at
Thervoy Kandigai on the outskirts of Chennai.
Having started off initially by exporting alloy wheels to
the US and European after-market, the company is now targeting the domestic market and has
commenced supplies to Indian OEMs such as Tata Motors and Stellantis.
The company has also bagged new orders for its aluminium wheels business from Hyundai and
Volkswagen and expects to commence supplies next year.
Commenting on the Japanese agreement, Srivats Ram, MD, Wheels India said, “Topy Industries is
an over 100year old globally renowned wheel manufacturer. They are a leading manufacturer of
aluminium wheels with evolved cutting-edge technologies. This agreement is expected to bring
in considerable technical expertise in the aluminium wheel segment for Wheels India. We are
confident that this agreement will also help us win new businesses and bolster our competitive
advantage in the cast aluminium segment.”
On new opportunities in the Aluminium Wheels segment, Srivats said, “Through this agreement, we
are hoping to make fresh inroads into the Japanese OEMs in India in the alloy wheel segment.”
Wheels India is currently in the process of expanding the annual capacity at its alloy wheels plant in
Thervoi Kandigai to 7 lakh wheels per annum from the existing 5 lakh wheels per annum. This
capacity expansion is expected to be completed by the end of the next quarter.
Buoyed by the prospects in the aluminium wheels segment, the company is planning to further expand
its capacity to 10 lakh wheels per annum next year and this expansion is expected to be completed by
the end of FY27.
Wheels India already has a JV with Topy for its steel wheels business through WIL Car Wheels
Limited having a 74% equity holding. This JV is focused on steel wheels for the Japanese OEMs in
India.
UNI GV 1340
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