Steel Strips Wheels Limited — Important, 01-07-2025: Monthly Business Updates

Steel Strips Wheels Ltd has announced a board meeting. June sales stood at Rs 350.67 Cr, down 2% YoY from Rs 358.11 Cr, with volumes of alloy products rising 23% YoY. Quarterly volume growth was strong at 74.2% YoY, maintaining positive momentum. Export sales declined in June, impacted by shipment delays due to uncertainties around rare earth material imports and customs clearances, affecting commercial vehicle and export segments. Domestic passenger car and 2&3 wheeler segments showed steady demand despite export headwinds. Management flagged rare earth supply constraints as a key challenge this month.