The company’s board has approved a ₹1,400‑crore greenfield project that will roll out over five years, financed through a blend of debt and internal accruals.
The new hub will churn out 1.3 million alloy wheels annually, 2.5 million steel wheels for passenger and off‑road vehicles, and 1.6 million hot‑stamped structural parts each year.
Locating the plant in Chhatrapati Sambhajinagar taps into Maharashtra’s expanding secondary automotive belt, placing it within a 200‑km radius of Skoda Auto, Volkswagen India, Audi India and Bajaj Auto. JSW’s recent ₹2,500‑crore EV plant in the same region signals a shift toward integrated supply chains.
For buyers, the move means a tighter wheel supply and potential cost containment as the plant focuses on lightweight alloy designs that meet rising EV and CNG vehicle standards. The additional hot‑stamping line also hints at future opportunities for body‑integrated structural parts.
Steel Strips Wheels expects the plant to reach full capacity by late 2027, with initial batches of alloy wheels rolling out to suppliers in Pune and Nagpur by mid‑2026. The company plans to roll out a detailed rollout calendar next quarter, so keep an eye on mileage‑based wheel pricing and availability in the coming months.