Press Release

October 29, 2026 To To National Stock Exchange of India Limited, BSE Limited, The Manager, Listing Department, The Corporate Relationship Department, “Exchange Plaza”, C-1, Block G, 1st Floor New Trading Wing, Rotunda Building, Bandra-Kurla Complex, Bandra (E), Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai – 400 051 Mumbai – 400 001 Symbol: WHEELS Scrip Code: 590073 Dear Sir / Madam, Subject: Press release - Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 We are enclosing the press release issued by the Company. Kindly take the above on your records. Thanking you. Yours faithfully, For Wheels India Limited K V Lakshmi Company Secretary & Compliance Officer Encl.: a/a PLEASE ADDRESS ALL COMMUNICATIONS TO THE FACTORY Wheels India Q2 Net Profit up at Rs. 53.4Crores Revenues up to Rs. 1,598 Crores Chennai, October 29, 2026: Wheels India has registered a good increase in its Net Profit for the Q2 ended 30th September 2026 at Rs.53.4cr as compared to Rs. 27.8cr in the corresponding quarter of the previous year. Revenues for Q2 has grown by 36% to Rs. 1,598cr as compared to Rs. 1,179cr registered in the same period last year. Export revenues up Exports grew to Rs. 388cr in Q2 compared to Rs. 299cr in the same quarter of last year. H1 Net Profit up Rs. 90.5cr Net Profit for H1 ended 30th September 2026 grew to Rs.90.5cr as compared to Rs. 54.2cr registered in H1FY26. Revenues of H1 increased by 26% to Rs. 2,984cr as compared to Rs. 2,366cr registered in H1FY26. Fund Raising in Q2 Company has raised funds of a total of Rs. 430cr; Rs. 180cr through preferential issue and Rs. 250cr through QIP with the objective of debt reduction. The fund raise and the debt reduction was completed by end September 2026. Commenting on the performance, Srivats Ram, Chairman and Managing Director, Wheels India said, “The 2nd quarter saw strong sales growth coming from earthmover wheels, air suspension and the domestic Indian markets for cars, trucks and tractors.” On the outlook for the second half of the year, Srivats said, “In the second half, inflation is a concern. Growth will also be affected by a higher base effect arising out of GST 2.0 demand push that we benefited from in H2 last year.” Wheels India is a leading manufacturer of wheels for trucks, agricultural tractors, passenger vehicles and construction equipment; air suspension systems for trucks and buses, and industrial components for the construction and windmill industry with manufacturing plants in Tamil Nadu, Maharashtra, Uttar Pradesh, Uttarakhand and Andhra Pradesh. About TSF (Trichur Santhanam Family) Group The TSF group comprises the T.S. Santhanam branch of the erstwhile TVS group and continues the tradition of Trust, Value and Service that the group has been known for this past century. With its heritage dating back to 1936, the group’s interests span the automotive and financial services sectors. Companies promoted by the TSF group have combined revenue of more than Rs.36,800 crore, 42,000 employees, 1,200 branches, and 36 factories. In the automotive industry, the TSF group operates across segments from component manufacturing, parts distribution, vehicle dealership and vehicle financing. In financial services, the TSF Group promoted Sundaram Finance (founded 1954), is one of the most respected names in the NBFC sector with interests in automotive lending, general insurance, housing loans, and asset management. Media Contact: S Prabhu @ 94440 40748 or sprabhu@proPR.in