Wheels India Ltd, a leading manufacturer of wheels for trucks, agricultural tractors, and passenger vehicles, is placing significant emphasis on its export business and has made substantial progress in the construction and tractor segments, a senior official stated.

The city-based company remains confident of export growth this year despite ongoing tariff uncertainties.

Wheels India Ltd Chairman S Ram, addressing shareholders at the 66th Annual General Meeting on Thursday, noted that the company’s overseas subsidiaries in the United States and Europe would provide further momentum for business development and customer support in those regions.

“The company has made inroads in the construction and tractor segments in overseas markets, and the prospects look promising,” he said in response to a shareholder query.

Although uncertainty persists, he expressed optimism about the exports outlook.

Regarding the bus segment, where Wheels India is a strong player, Ram highlighted ‘robust growth’ in this area, supplying air suspension systems and wheels.

The agricultural tractor segment recorded an 8 per cent growth in FY2025, driven by a favourable monsoon, he added.

In March 2025, the company commissioned a new tractor wheel production line, which will broaden its product range and strengthen its presence in both domestic and international markets.

On the passenger vehicle front, Ram said utility vehicles account for 65 per cent of total units sold.

With aluminium wheels now nearing 40 per cent penetration of the fitment market, the company began supplies to one of the ‘big four’ car manufacturers in the last financial year, he said, without further details.

In the air suspension segment, the company has performed well, supplying not only traditional automobile manufacturers and OEMs (Original Equipment Manufacturers) but also becoming a ‘significant supplier’ to electric vehicle makers.

Wheels India anticipates increased infrastructure activity in both domestic and overseas markets within the construction and mining sectors, where it supplies wheels, welded structural components, and hydraulic cylinders, Ram added.