Wheels India to invest Rs. 70 crore in 2015-16.

Wheels India, part of TVS Group which manufacture steel wheels, to invest around Rs. 70 crore in 2015-16 towards capital expenditure.

Srivats Ram, managing director, Wheels India, said 25% of the money would be spent towards automation, process changing and the balance towards new product developments and capacity expansion in fore aluminum and in non-wheels business.

The company which reported 9% growth in revenue to Rs. 1,980 crore in 2014-15, said that will grow single digit.


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