Wheels India: Stock jumps 6% after partnering with South Korean FirmWheels India: Stock jumps 6% after partnering with South Korean Firm

Introduction

Leading auto component manufacturer has entered a technical agreement with South Korea’s SHPAC for hydraulic cylinders. The deal focuses on technology transfer, supporting growth after reporting Rs. 26.44 crore profit on Rs. 1187 crore revenue.

Also Read: Jaykay Enterprises: Stock jumps 6% after announcing JV with Philips Machine Tools India

Share price movement of Wheels India

On September 29, 2025, Wheels India Ltd opened at ₹878.05, up 1.68% from its previous close of ₹863.55. The stock touched a high of ₹918.00 (6.30%) and a low of ₹878.05. By 10:39 AM, it traded at ₹911.70, a 5.58% increase, with a market cap of ₹2,227.56 crore.

Wheels India Signs Pact for Hydraulic Growth

Wheels India has signed a technical agreement with SHPAC, a South Korean hydraulic cylinder manufacturer. The pact involves technology transfer in manufacturing. Hydraulic cylinders are identified as a key growth area for the company.

For Q1 ended June 30, 2025, Wheels India reported net profit of Rs. 26.44 crores on revenues of Rs. 1187 crores. Export revenues crossed Rs. 300 crores. Last year, net profit exceeded Rs. 100 crores.

Stock performance of Wheels India for Period of 1 week, 6 months, and 1 year

Wheels India Ltd delivered an 8.25% return over the past week. The stock gained 39.7% in the past six months and rose 11.7% over the past year.

Also Read: Newgen Software: Stock jumps 7.2% after signing deal with TCS N.V. Belgium

Shareholding pattern of Wheels India

Particulars	Jun 2025	Mar 2025	Dec 2024
Promoter	58.30%	58.30%	58.30%
FII	0.60%	0.40%	0.30%
DII	11.70%	11.70%	11.70%
Public	29.50%	29.60%	29.70%

About Wheels India

Wheels India Ltd (NSE: WHEELS) is a leading manufacturer of wheels for trucks, tractors, passenger vehicles, and construction equipment. It also produces air suspension systems and industrial components, with plants across four Indian states.

Stay Ahead with the Latest Stock Market Updates – Click Here

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.

FAQs