Wheel is a main mechanical term of the vehicular suspension system that supports the static and dynamic loads encountered during vehicle action. Since cars carry heavy loads of occupants as well as self-weight, the alloy wheel rim should be strong enough to withstand this load. Thus, their design should be done very cautiously. While designing such main kind of automotive component taking care of protection and cost are very important concerns so that user can use it safely. Major five technical considerations while modeling any new alloy wheel rim are styling, aesthetic, mass, manufacturability and capability. While analyzing stress and displacement distribution in vehicle wheels subjected to increase pressure and radial load .essential efforts have been taken to discover the Finite Element Techniques. Alloy wheel rim has been Various designs elliptical spokes shape, Hexagon shape, traingle shape designed using Catia software, after that static structural analysis is done with different materials (Mg alloy, Carbon fiber, Eglass Epoxy, Al6061) load and boundary conditions taking in ANSYS15.0 Software. Finally observed results of stress, total deformation, strain and shear stress on different wheel rims and materials and compared with each other. Thus, the best design and material can be selected for manufacturing of the alloy wheel.