Wheels India MD Srivats Ram | Photocredit: Bijoy Ghosh
Auto-components Maker Wheels India has signed a technical agreement with SHPAC (Shinhung Precision Machinery Company LTD), a leading Hydraulica manufacturer in South Korea, to facilitate a technology transfer in production.
It has identified the segment of the hydraulic cylinders by the city head office wheels, as one of the strategic growth areas and this cooperation is expected to stimulate its growth in this segment.
In a press release on Tuesday, company MD Srivats RAM said: “It has been our alleged intention to significantly concentrate and grow the hydraulic cylinder activities in the coming years. Wheels India, a leading manufacturer of Wielen for the worldwide industry of the construction equipment, he has noticed his presence in Europe and Northern America.
Using the global customer base
“We expect to use the technology transfer by gaining access to existing customers and will continue to invest in the hydraulic cylinder activities as possibilities arise.”
Regarding the technical agreement, he said: “SHPAC is a leading manufacturer of hydraulic cylinders in South Korea with a successful track record in recent decades in this company that exports their products worldwide.”
“From our technical technology transfer agreement with them, they are expected to create new growth opportunities for Wheels India in the global hydraulic cylinder industry and we expect that this will give substance to our drive to grow this company in the coming years,” he added.
Published on October 1, 2025
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