AUGUST 20258WHEELS INDIA ACCELERATES EXPORT PLANS IN KEY EQUIPMENT MARKETSNAYARA TO INVEST RS 70,000 CR IN INDIA, FLAGS EU SANCTIONS IMPACTWheels India is ramping up its global expansion strategy and is gearing up to experience strong growth in exports in both the tractor as well as construction equipment markets.The company is becoming a key player in the international auto components market with its recent investments and positive demand followers.Rosneft-supported Nayara Energy reaffirmed its intention to invest 70,000 crore in Indian downstream energy initiatives, while vocally disapproving of the recent round of sanctions imposed by the European Union as unfair and counter to the energy interests of the nation.In a statement on Monday, the firm stated that the EU sanctions -- as part of the bloc's 18th package against Russia for its war in Ukraine -- are "unjustified, illegal," and pose a threat to the energy security of India. The sanctions would At its 66th Annual General Meeting, Chairman S. Ram highlighted the company's growing presence in overseas markets, driven by subsidiaries in the US and Europe. Despite uncertainties in global trade policies, Wheels India remains confident in the potential of its diversified portfolio and global footprint.One of the biggest highlights in 2025 was the commissioning of a completely new tractor wheel production line in March 2025 greatly boosted capacity to take on both domestic and export demand. This step consolidates the demand for durable, better performance wheels for agriculture and infrastructure products, with global demand ramping up.The company is also seeing momentum across verticals with traction of air suspension systems with electric vehicle players. Utility vehicles now account for 65% of the total passenger vehicle wheel business. Aluminium wheels have ramped up to 40% overall penetration with Wheels India beginning supplies to a major international OEM in 2025.Its diversified offerings across buses, mining, and construction machinery continue to strengthen, reinforcing its strategy to remain resilient amid market fluctuations.Wheels India capped the year with a 56% jump in net profit, crossing the 100 crore mark for the first time--an achievement that underscores its sharp focus on innovation, exports, and long-term growth. jeopardize the supply of petroleum products critical to millions of Indian citizens and industries, it further stated.Nayara, which runs a 20 million tonnes per year refinery at Vadinar, Gujarat, and more than 6,750 retail fuel stations across the country, stated that the EU's unilateral action was premised on "baseless claims" and disregarded international law and India's sovereignty."European nations go on importing Russian fuel through different means while punishing an Indian company for refining crude destined for consumption in the domestic market," the company said. Nayara reiterated its position as an Indian company functioning fully according to Indian laws and contributing close to 8% of the country's refining capacity.Since August 2017, the firm has spent 14,000 crore on refining, petrochemical, and infrastructure projects, and has more than 55,000 employees in India. It placed strong focus on further investments in petrochemicals, ethanol, ESG schemes, and marketing infrastructure.Nayara reaffirmed its dedication to India's energy security and asserted it is pursuing legal options actively. Calling its mission "In India, for India," the company pointed out it operates mainly in the local market, has remitted 2.5 lakh crore in taxes since 2017, and has an annual CSR expenditure of 200 crore. TOP STORIESTOP STORIESTOP STORIES
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