Wheels India has signed a Technical Assistance Agreement with Tokyo-headquartered Topy Industries for the design, development and manufacture of aluminum alloy wheels. The agreement, announced on December 15, 2025, is expected to bring considerable technical expertise and help the company win new businesses in the cast aluminum segment.

Technical Partnership with Topy Industries

Under this agreement, Topy will provide technical know-how and engineering support to enhance Wheels India's design and manufacturing capabilities for the cast aluminum wheel business. Topy Industries is an over 100-year-old globally renowned wheel manufacturer and a leading manufacturer of aluminum wheels with evolved cutting-edge technologies.

Capacity Expansion Plans

Wheels India is currently 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 prospects in the aluminum wheels segment, the company plans to further expand its capacity to 10 lakh wheels per annum next year, with this expansion expected to be completed by the end of FY27.

Market Expansion and New Orders

Wheels India forayed into the alloy wheel business in FY21 with a state-of-the-art facility at Thervoy Kandigai in the outskirts of Chennai. Initially 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 bagged new orders for its aluminum wheels business from Hyundai and Volkswagen and expects to commence supplies next year. Through this agreement with Topy Industries, Wheels India is hoping to make fresh inroads into the Japanese OEMs in India in the alloy wheel segment.

Existing Partnership

Wheels India already has a joint venture with Topy for its steel wheels business through WIL Car Wheels Limited, having a 74.00% equity holding. This JV is focused on steel wheels for the Japanese OEMs in India, and the new technical agreement extends the partnership into the aluminum wheels segment.

According to Srivats Ram, MD of Wheels India, "This agreement is expected to bring in considerable technical expertise in the aluminum wheels 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 aluminum segment."

Wheels India Limited has disclosed a trading plan filed by its Managing Director, Srivats Ram, for his sister Nivedita Ram to acquire company shares. This move, aimed at ensuring transparency in insider trading, provides insight into planned transactions by company insiders.

Trading Plan Details

The trading plan, which has been approved by the company's Compliance Officer on November 10, 2025, outlines the following key details:

Compliance and Restrictions

The plan includes standard undertakings to ensure compliance with insider trading regulations:

1. A 120-day cool-off period restriction
2. Commitment to execute trades only within the specified price limits

This disclosure aligns with regulatory requirements for insider trading, promoting transparency in the stock market. It allows investors and regulatory bodies to monitor planned transactions by company insiders, which can be significant for market sentiment and corporate governance.

The trading plan's execution, set for early 2026, demonstrates long-term planning and adherence to regulatory frameworks. It's important to note that while the plan has been filed and approved, the actual transactions are subject to market conditions and other factors at the time of execution.

Wheels India Limited's proactive disclosure of this trading plan reflects its commitment to maintaining transparency with its shareholders and the broader market. Such practices are crucial for fostering trust and ensuring fair trading practices in the stock market.