Wheels India, a manufacturer of automotive components, has invested EUR 50,000 as equity in WIL Europe GmbH, a wholly owned subsidiary currently in the process of being incorporated in Germany. The investment, made on July 11, 2025, involved the subscription of 50,000 equity shares at a face value of EUR 1 each.
The subsidiary is expected to undertake automotive and non-automotive activities, including business development, supply chain management, and related services across Europe. The move is part of Wheels India’s strategy to strengthen its footprint in the European market. WIL Europe GmbH has not yet commenced operations, and its certificate of incorporation is currently awaited.
According to the company, the transaction qualifies as a related party transaction but has been executed on an arm’s length basis. The promoter group of Wheels India does not hold any direct interest in the new entity.
Wheels India Limited is an India-based manufacturer engaged in the production of steel wheels, air suspension systems, hydraulic cylinders, and other engineering products. The company operates in both domestic and international markets, serving segments such as commercial vehicles, agriculture, construction, and passenger cars.
Wheels India supplies to major automobile OEMs in India and abroad, manufactures wheels for agricultural machinery, and provides components for construction, earthmoving equipment, and the Indian Railways.
Its manufacturing footprint spans multiple plants across India, including in Tamil Nadu, Uttar Pradesh, and Maharashtra, supported by dedicated R&D facilities. The company serves both OEM and aftermarket segments and exports products to markets in the US, Europe, and Asia. Wheels India is headquartered in Chennai, Tamil Nadu.
