India’s Steel Strips Wheels has agreed a deal with IBAT of Europe to export a minimum of 500,000 steel wheel rims over three years.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
Supplies will start from 1 January, 2011, and Steel Strips expects to earn about EUR7.5m, it told Reuters.
The exports will cater to the requirement of the European aftermarket for steel wheel rims for passenger cars.
