The Indian automobile industry is surely on a roll and the growth is not only benefiting the global automobile giants but also the domestic components makers.

In fact, the home-grown wheel rim major Steel Strips Wheels Ltd (SSWL) has recently announced that the company will be opening a Rs. 140 crore worth plant in Jamshedpur which will focus on fulfilling the rising demand of the automakers in the Indian market.

While the plant was inaugurated by Tata Steel Managing Director Hemant M Nerurkar at Govindpur locality in Jamshedpur, the new plant of the company is very close to the plant of Tata Motors.

It is to be mentioned here that the new plant is coming after Chennai and Chandigarh.

Moreover, SSWL group Managing Director Group Dheeraj Garg said that the company will be producing close to one million rims initially from this new plant within the area of nine acres of the unit. Garg also pointed out the fact that the capacity of the plant will be expanded to the capacity of two million rims by mid-2011. The main customer from this plant will be Tata Motors for the company.