Wheels India stock jumps 8% after signing technical agreement with Japan's Topy IndustriesWheels India stock jumps 8% after signing technical agreement with Japan's Topy Industries

Introduction

leading automobile component manufacturer signed technical agreement with Japan’s Topy Industries to boost aluminium wheel design and production, securing new domestic orders from Hyundai and Volkswagen, with planned capacity expansion at Chennai plant.

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Share price movement of Wheels India

On December 15, 2025, Wheels India Ltd opened at ₹839.60, down 0.41% from its previous close of ₹843.00. The stock reached a high of ₹909.70 (7.93%) and a low of ₹838.15. By 3:05 PM, it traded at ₹899.00, a 6.64% increase, with a market cap of ₹2,196.53 crore.

Wheels India signs Topy Industries deal

Wheels India signed a Technical Assistance Agreement with Japan’s Topy Industries for design, development, and manufacture of aluminium alloy wheels, enhancing engineering and technical capabilities at its Chennai facility.

The company entered the alloy wheel business in FY21 with a facility at Thervoi Kandigai. Initially exporting to the US and Europe, it now targets domestic OEMs like Tata Motors and Stellantis.

Wheels India has received new domestic orders from Hyundai and Volkswagen. The company expects to commence supplies next year and plans capacity expansion at its Thervoi Kandigai plant.

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

Wheels India Ltd delivered a 3.66% return over the past week, gained 12.0% over the past six months, and increased 13.6% over the past year.

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Shareholding pattern of Wheels India

Particulars	Sep 2025	Jun 2025	Mar 2025
Promoter	58.30%	58.30%	58.30%
FII	1.10%	0.60%	0.40%
DII	10.70%	11.70%	11.70%
Public	29.90%	29.50%	30%

About Wheels India

Wheels India Ltd (NSE: WHEELS) manufactures wheels for trucks, tractors, passenger vehicles, and construction equipment, air suspension systems for trucks and buses, and industrial components, with plants in Tamil Nadu, Maharashtra, Uttar Pradesh, and Uttarakhand.

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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.

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