A wheel rim is one of the most important parts of a vehicle. Invention of the wheel was amongst a major breakthrough in early days. A wheel rim, along with chassis or the frame of the vehicle holds the load of the automobile and its passengers providing cushioning effect. In this paper performance of different materials used in making wheel rim are checked through CAE software. Different alloys and materials are tested which can be used for the alloys of vehicles in the future. Alloy wheels differ from steel wheels because of their lighter weight, which improves the driving and handling of the vehicle. The material chosen for making wheel spokes needs to have certain qualities as to be suitable for the use. The properties are thermal conductivity, machine processing, corrosion resistance, characteristics of casting, low temperature, high damping property, excellent lightness, and recycling, etc. A wheel rim is subjected to many loads which causes damage to the rim. Increasing the performance of rim can increase the overall performance of the vehicle. With new researches, materials have evolved. The evolvement of the material has led to the invention of composite material. A composite material has better properties as compared to alloys and other materials. Composite material has better strength, low weight and other mechanical and chemical properties. Superiority of composite materials is proved by the results in this manuscript. By using composite material the properties gets improved as a result of which overall vehicle performance is improved.