Shares of Steel Strips Wheels (SSWL) reported an increase in total wheel rim sales by 6% at 11.94 lakhs in December 2019 vs. 11.30 lakhs in December 2018.
Passenger car segment volumes rose 10% in December 2019 yoy. The PV volumes saw a sustained rebound with yearend sales push from all carmakers to clear all old stocks. As inventory is not heavy at dealership so good production improvement MoM and we expect this trend to sustain going into Q4. The Mehsana Plant will contribute heavily going into Q4 with good throughput for customers.
Further, 2 & 3 Wheelers segment also rose 20% with a good inventory clearance pushing production picking up. The BS-6 changeover has already started and it expects this factor helping clear all of BS-4 stocks to be cleared by dealership going into the new financial year. The company also expect good sales figure for this segment to maintain good sales growth in Q4.
Passenger car segment volumes rose 10% in December 2019 yoy. The PV volumes saw a sustained rebound with yearend sales push from all carmakers to clear all old stocks. As inventory is not heavy at dealership so good production improvement MoM and we expect this trend to sustain going into Q4. The Mehsana Plant will contribute heavily going into Q4 with good throughput for customers.
Further, 2 & 3 Wheelers segment also rose 20% with a good inventory clearance pushing production picking up. The BS-6 changeover has already started and it expects this factor helping clear all of BS-4 stocks to be cleared by dealership going into the new financial year. The company also expect good sales figure for this segment to maintain good sales growth in Q4.
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