New Delhi, Sept. 29 -- Chennai-based Wheels India has entered into a technology transfer agreement with SHPAC, a prominent hydraulic cylinder manufacturer from South Korea.

The partnership aims to strengthen Wheels India's position in the hydraulics segment, which the company has identified as a key growth area.

Srivats Ram, Managing Director of Wheels India, highlighted the company's long-term focus on expanding its hydraulics cylinder business. "We believe this segment has the potential to become a major global growth driver for Wheels India in the coming years," he said.

With this collaboration, the company plans to leverage advanced technology to enhance its product offerings and tap into existing customer networks, particularly in...