VSSL and Toyota’s Global Supply Chain join hands

Vardhman Special Steels Ltd (VSSL), headquartered in Ludhiana, Punjab has partnered with Toyota’s Global Supply Chain to begin mass steel production. The company stated that it has begun bulk production of steel for Aichi Steel Company forging companies in South East Asia for some of the grades for which it has acquired authorization. The sales of these products will be around 10,000 MT in FY 2023-24 and will rise higher if more permissions are granted over the following 2 to 3 years, said Vardhman Special Steels.

Commenting on this development, Mr Sachit Jain, Vice Chairman & Managing Director, Vardhman Special Steels Ltd. said, “This is a historic moment for VSSL as we have started mass production of steel for Toyota. This will establish VSSL and India as a supplier of high-quality automotive steel. This is one of the biggest landmark event in the history of VSSL and a matter of great pride for our country.”

VSSL, headquartered in Ludhiana, Punjab, is one of India’s top producers of special steels, serving a wide range of industries including automotive, engineering, tractors, bearings, and allied industries. The company also handles steel supplies for specific customers in overseas markets such as Thailand, Taiwan, Turkey, Italy, Russia, Germany, Vietnam, and Japan.

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