Wheels India has entered into a Technical Assistance Agreement with Topy Industries, based in Japan, for the design, development, and production of aluminum alloy wheels.

Under this agreement, Topy will offer technical expertise and engineering assistance to improve Wheels India’s design and production abilities for the cast aluminum wheel sector.

Wheels India entered the alloy wheels sector in FY21 with a plant located at Thervoy Kandigai on the outskirts of Chennai. Initially beginning with the export of alloy wheels to the US and European aftermarket, the company is now focusing on the domestic market and has started supplying Indian OEMs like Tata Motors and Stellantis. The firm has secured new contracts for its aluminium wheels division from Hyundai and Volkswagen and anticipates starting deliveries next year.

Wheels India is presently expanding its annual capacity at the alloy wheels facility in Thervoi Kandigai from 5 lakh wheels per annum to 7 lakh wheels per annum. The expansion of this capacity is anticipated to finish by the end of the upcoming quarter. The firm is also aiming to increase its capacity to 10 lakh wheels annually next year, with this growth anticipated to be finished by the end of FY27.

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“Topy Industries is an over 100-year-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,” Srivats Ram, MD, Wheels India said. Wheels India already has a JV with Topy for its steel wheels business through WIL Car Wheels Ltd, having a 74 per cent equity holding.

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Regarding new prospects in the aluminium wheels sector, Ram stated, “With this agreement, we aim to create new advancements with Japanese OEMs in India within the alloy wheels market.”

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Wheels India, a member of the TSF Group, is a prominent producer of wheels for trucks, agricultural tractors, passenger vehicles, and construction machinery; air suspension systems for buses and trucks, as well as industrial parts for the construction and wind energy sectors, with production facilities located in Tamil Nadu, Maharashtra, Uttar Pradesh, and Uttarakhand.