Steel Strips Wheels Limited – Attractive Valuations

Here is an interesting article on the alloy wheels market in India. Alloy wheels: A preliminary analysis in the Indian context | Team-BHP
TLDR

1. Alloys are a key differentiator in the common segment (Tata, Maruti, Mahindra, Hyundai etc) for the top-end models, whereas it’s a basic expectation in the luxury segment (Merc, BMW, Porsche). Foreign companies in the common segment offer more variants with alloys than Indian companies.
2. However, things are changing in the common segment with companies offering more variants with alloys.
3. In the common segment, adoption is increasing in SUV and Sedan sub-segment whereas Hatchback is lagging behind.
   With all of this, alloys market seems to only grow going forward.