Wheels India MD Srivats Ram
| Picture Credit score:
BIJOY GHOSH
Auto-components maker Wheels India has signed a technical settlement with SHPAC (SHINHUNG Precision Equipment Firm Ltd), a number one hydraulics cylinder producer in South Korea, to facilitate a expertise switch in manufacturing.
Town-headquartered Wheels India has recognized hydraulic cylinders section, as one of many strategic development areas and this collaboration is anticipated to drive its development additional on this section.
In a press launch on Tuesday, firm MD Srivats Ram mentioned, “It has been our said intent to focus and develop the hydraulics cylinder enterprise considerably over the following few years. We consider this enterprise section has potential to be an vital development driver for Wheels India globally, going ahead.” Wheels India, which is a number one producer of wheels for the development tools international trade, has been increasing its presence in Europe and North America, he famous.
Leveraging international buyer base
“We count on to leverage the expertise switch by accessing present prospects and can proceed to put money into the hydraulic cylinder enterprise as alternatives come up.”
On the technical settlement, he mentioned, “SHPAC is a number one producer of hydraulic cylinders in South Korea with a profitable monitor file over the previous couple of many years on this enterprise exporting their merchandise worldwide.”
“Our technical expertise switch settlement with them is anticipated to create new development alternatives for Wheels India within the international hydraulic cylinder trade and we count on this to present a fillip to our drive to develop this enterprise over the following few years,” he added.
Revealed on October 1, 2025