Wheels India Partners with SHPAC to Boost Hydraulics

• Wheels India signs a technical agreement with South Korea’s SHPAC for technology transfer
• The collaboration will accelerate expansion in the hydraulic cylinders segment
• Wheels India serves global markets with wheels for vehicles and construction machinery

Wheels India, a manufacturer of auto components, has announced recently that it has entered into a technical agreement with the South Korean company SHPAC, a recognized manufacturer of hydraulic cylinders. The agreement will be a technology transfer that will enhance Wheels India’s hydraulics business and product capabilities in this niche area.

Based on regulatory company filings, hydraulic cylinders are a strategic growth engine for the business going forward. Wheels India is looking to increase its hydraulics footprint and to use SHPAC’s technology and advanced know-how to scale up its hydraulics offering as a key pillar for the future direction of a global business.

The Wheels India SHPAC partnership strengthens Wheels India hydraulics business through advanced hydraulics technology India. This India-South Korea tech collaboration aims to deliver innovative industrial hydraulics solutions and drive growth in the hydraulics segment.

Srivats Ram, Managing Director, Wheels India stated, "SHPAC is a leading manufacturer of hydraulic cylinders in South Korea with a successful track record over the last few decades in this business, exporting its products worldwide".

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At present, Wheels India supplies wheels to the international construction equipment market and has been persistently growing its reach within Europe and North America. The company has a diversified range of products such as wheels for trucks, tractors, passenger cars and construction equipment. In addition, they manufacture air suspension systems, as well as industrial products for the wind energy sector.

Ram added, "We expect to leverage the technology transfer by accessing existing customers and will continue to invest in the hydraulic cylinder business as opportunities arise".

Through this strategic partnership, Wheels India expects to enhance their commitment to innovation, expand their product set, and bolster their position as a global supplier, particularly in the fast-growing hydraulics market.