Wheels India Signs Pact with SHPAC, Boost Hydraulic Cylinder Biz

Wheels India, a Chennai-based manufacturer, has entered into a technology transfer agreement with SHPAC, a large hydraulic cylinder manufacturer from South Korea, to increase global sales of its hydraulics cylinder business.

Announcing the partnership, Srivats Ram, Managing Director of Wheels India, said the hydraulics segment has strong potential to become a key growth driver for the company in the coming years.

“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, going forward,” he said.

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SHPAC has been manufacturing hydraulic cylinders for decades and has been a successful exporter around the world. By utilizing SHPAC's advanced manufacturing technology and skills, Wheels India hopes to procure new customers, especially in Europe and North America, alongside its current markets.

Wheels India, a leading wheel manufacturer to construction equipment makers on a global scale, anticipates rapidly expanding its global exposure. Wheels India is also emphasizing its export sales, announcing that export revenues were over ₹300 crore in the 1st quarter ending June 30, 2025. In that quarter, Wheels India recorded ₹1,187 crore in revenue and ₹26.44 crore in net profit, which followed the first quarter in the previous year breaking ₹100 crore in net profit.

Wheels India has manufacturing facilities in Tamil Nadu, Maharashtra, Uttar Pradesh and Uttarakhand. It produces wheels for trucks, tractors, passenger vehicles and construction equipment as well as producing air suspension systems and industrial components for construction and wind energy.