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CHENNAI: Auto components maker Wheels India Ltd on Monday said it has signed a significant technical agreement with South Korea's SHPAC, a hydraulics cylinder manufacturer, for technology transfer in manufacturing. Srivats Ram, MD, Wheels India said, "It has been our stated intent to focus and grow the hydraulics cylinder business significantly over the next few years. We believe this business segment has potential to be an important growth driver for Wheels India globally. Wheels India has bee ...Read More >
Wheels India rose 4.30% to Rs 900.70 after the company said it entered into a technical agreement with SHPAC, a South Korean hydraulic cylinder manufacturer, for technology transfer in manufacturing.The company said hydraulic cylinders have been identified as a strategic growth area, and the agreement is expected to support expansion in this segment. Wheels India plans to leverage the partnership to access new global opportunities in the hydraulic cylinder industry. Managing director Srivats Ra ...Read More >
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