11 months ago
Wheels India Partners with SHPAC for Hydraulic Cylinder Tech
Wheels India, a company that makes wheels, has teamed up with SHPAC from South Korea.
They agreed that SHPAC will share its knowledge to help Wheels India make hydraulic cylinders.
Hydraulic cylinders are essential parts for construction equipment.
Wheels India hopes to boost its business and make more money, especially in Europe and North America.
They plan to use the new technology and serve existing customers.
Wheels India also had a successful year last year and in the first part of this year.
The company's stock price also went up a little.
Wheels India signed a technical agreement with SHPAC for technology transfer.
The agreement focuses on the manufacturing of hydraulic cylinders.
Wheels India aims to expand its hydraulic cylinder business globally.
The company will use the technology to serve existing customers.
Wheels India's stock increased by 2%.
- Who
- Wheels India and SHPAC
- What
- Signed a technology transfer agreement.
- Where
- Expanding globally, focusing on Europe and North America
- When
- Published September 29, 2025
- Why
- To grow the hydraulic cylinder business.
Key facts
- Company
- Wheels India
- Partner
- SHPAC (South Korea)
- Agreement
- Technical, technology transfer
- Focus
- Hydraulic cylinders
- Wheels India Net Profit (Last Year)
- ₹100 crores
- Q1 Net Profit
- ₹26.44 crores
- Q1 Revenue
- ₹1,187 crores
- Stock Price Increase
- 2%
Quotes
Srivats Ram
MD, Wheels India
“Our technical technology transfer agreement with them is expected to create new growth opportunities for Wheels India in the global hydraulic cylinder industry and we expect this to give a fillip to our drive to grow this business over the next few years.”
thehindubusinessline.com
“SHPAC is a leading manufacturer of hydraulic cylinders in South Korea with a successful track record over the last few decades in this business exporting their products worldwide.”
thehindubusinessline.com





