India's Hindalco to close down wheel plant

MUMBAI, July 16 (Reuters) - Hindalco Industries, India's top aluminium maker, said on Thursday it will shut down an aluminium alloy wheels plant at Silvassa in western India and was taking steps to sell the plant's assets. It did not give any reason for shutting the plant, which has the capacity to make 300,000 wheels a year, but said it would not have any impact on the operations and financials of the company. The plant's wheels were approved for supply to most major automakers including Maruti Suzuki, Tata Motors, Ford and Hyundai, the company's website showed. (Reporting by Prashant Mehra; Editing by John Mair)