What we do Enkei Wheels India Ltd manufactures aluminum alloy wheels for two and four-wheelers, serving the automotive industry with high-quality products from its Pune facility. |
Founded in 2,009 |
Market share A leading Indian manufacturer with a strong presence and growth in alloy wheels for 2W and 4W segments. |
Problem solved Provides lightweight, durable wheels improving vehicle performance and fuel efficiency for the automotive industry. |
Top clients or who we serve Serves automobile manufacturers across India, supplying alloy wheels primarily for two-wheelers and passenger vehicles; B2B model. |
Key management - |
Our journey and innovations Since 2009, expanded production capacity via projects like PFF and MAP2; integrated advanced manufacturing and quality controls. |
Where we operate Operates in India with a focus on domestic OEMs; exports and international presence are limited or unspecified. |
Top products or what we offer Manufactures aluminum alloy wheels for 2-wheelers and 4-wheelers, catering to OEMs with capacity up to 1,20,000 (2W) and 90,000 (4W) units monthly. |
Top brands Enkei alloy wheels are recognized for quality and market penetration in Indian automotive OEM supply chains. |
Raw materials needed Aluminum and associated alloys for casting wheels. |
Raw materials supplier - |
Recurring vs cyclical contribution Revenue is largely recurring through OEM contracts but linked to automotive industry cycles. |
Our industry position Strong domestic market player with continuous capacity expansion to capture growing alloy wheel demand. |
Financial highlights Revenue grew 18% to INR 850 crore in FY24; Profit after tax declined to INR 26.5 million due to higher costs and depreciation. |
Geographical revenue split - |
Order book - |
Whats driving growth Rising demand for alloy wheels in automotive sector, production capacity expansion, and process improvements. |
Our future plans Capex ongoing with MAP2 project enhancing 4W capacity; PFF project phases advancing production capabilities through 2025. |
Our green promise Committed to energy conservation and sustainability through efficient manufacturing and reduced resource consumption. |
Our people and values Employs over 620, fostering an inclusive and compliant workplace with strict anti-harassment policies. |
Key challenges ahead Raw material price volatility, rising finance costs, and economic uncertainties affecting profit margins. |
Interesting facts Part of the global Enkei Group; continuous capacity expansions reflected in projects named for future orientation. |
Risks and strategy Managing cost pressures and mitigating risks through operational efficiencies, compliance, and capacity enhancements. |
