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SSWL rises on inking pact with Israels Redler Tech

22 Nov 2022 , 01:26 PM

The joint venture will develop, manufacture and market motion control solutions for two, three and four-wheeled electric vehicle in India. Redler Technologies, an Israel based company is a global engineering company, designs and produces patented servo motion control systems, intelligent circuit breakers and power distribution systems. SSWL is engaged in the manufacturing of steel wheel rims catering to different segments of automobile industry. The firm operates in automotive wheels segment. Its geographical segments include India and overseas. The companys net profit dropped 13% to Rs 54.61 crore despite of 12.8% rise in net sales to Rs 1,081.09 crore in Q2 FY23 over Q2 FY22. Powered by Capital Market – Live News

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