ENA Global 2025-09-29 16:57:40 <p><span style="font-size:14px"><strong>New Delhi, Sep 29 (KNN) </strong>Chennai-based Wheels India has entered into a technology transfer agreement with SHPAC, a prominent hydraulic cylinder manufacturer from South Korea.</span></p> <p><span style="font-size:14px">The partnership aims to strengthen Wheels Indias position in the hydraulics segment, which the company has identified as a key growth area.</span></p> <p><span style="font-size:14px">Srivats Ram, Managing Director of Wheels India, highlighted the companys long-term focus on expanding its hydraulics cylinder business. We believe this segment has the potential to become a major global growth driver for Wheels India in the coming years, he said.</span></p> <p><span style="font-size:14px">With this collaboration, the company plans to leverage advanced technology to enhance its product offerings and tap into existing customer networks, particularly in international markets such as Europe and North America.</span></p> <p><span style="font-size:14px">Wheels India has been performing strongly in recent years. The company crossed the Rs 100 crore net profit milestone last year.</span></p> <p><span style="font-size:14px">For the quarter ending June 30, it posted a net profit of Rs 26.44 crore on revenues of Rs 1,187 crore. Export revenues crossed Rs 300 crore, reflecting its growing international footprint.</span></p> <p><span style="font-size:14px">SHPAC, with decades of expertise and a strong global presence in hydraulic cylinder manufacturing, is expected to provide Wheels India with the technical know-how required to scale up in this segment.</span></p> <p><span style="font-size:14px">Ram noted that this collaboration would open new opportunities worldwide and accelerate the companys drive to expand its hydraulics business.</span></p> <p><span style="font-size:14px">Beyond hydraulics, Wheels India manufactures wheels for trucks, tractors, passenger vehicles, and construction equipment. It also produces air suspension systems for buses and trucks, along with industrial components for the construction and windmill sectors.</span></p> <p><span style="font-size:14px">The company operates manufacturing facilities across Tamil Nadu, Maharashtra, Uttar Pradesh, and Uttarakhand.</span></p> <p><em><strong><span style="font-size:14px">(KNN Bureau)</span></strong></em></p> 43658 https://knnindia.co.in/news/newsdetails/global/wheels-india-to-produce-advanced-hydraulic-cylinders-in-partnership-with-south-koreas-shpac 2025-09-29 16:57:40 knnindia.co.in