Wheels India partners with SHPAC for hydraulics cylinder expansion

Wheels India Limited has entered into a significant technical agreement with SHPAC, a leading South Korean hydraulics cylinder manufacturer, for technology transfer in manufacturing. This partnership is expected to drive growth in hydraulic cylinders, identified as a strategic area for Wheels India, with managing director Srivats Ram emphasizing its potential as a global growth driver.

The agreement with SHPAC aims to create new opportunities in the global hydraulics cylinder industry, leveraging SHPAC's successful track record and worldwide exports. This move will enable Wheels India to access existing customers and further expand its presence in Europe and North America within the construction equipment industry.

Financially, Wheels India crossed a net profit of ₹100 crores last year. For Q1 ended June 30, 2025, the company reported a net profit of ₹26.44 crores on revenues of ₹1187 crores, with export revenues contributing over ₹300 crores.