 "Car wheels")
Japanese firm Tody Industries Ltd has agreed to acquire 26 percent stake in WIL Car Wheels Ltd (WCWL), a wholly-owned subsidiary of Wheels India Ltd (WIL) – a company promoted by the TVS Group. The investment in WIL’s passenger car steel wheels business will be made through new issue of equity shares by WCWL to Topy. Through this strategic partnership, both the companies aim to strengthen their positions in India’s passenger car steel wheels market.
"The strategic partnership will combine the leadership position already established by Wheels India in the passenger car steel wheel segment in India, with the technology skills
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