A system for anti-theft and tracking of automobile wheels, comprises of: a) at least one wheel comprising an air stem and a tyre pressure monitor system (TPMS) and; an alert and tracking device installed inside the air stem of a wheel along with the tyre pressure monitor system (TPMS), wherein the alert and tracking device comprises: i. receiver/transmitter; ii. a mobile modem or a subscriber identification module card; iii. a global positioning system tracker; iv. plurality of batteries to power ON the alert and tracking device; and v. an antenna, wherein the alert and tracking device has a unique identifying code for registering the owner of the automobile with the alert and tracking device; b) an automobile unit placed inside an automobile, wherein the automobile unit receives a signal from the alert and tracking device; c) a computing device onto which a remote tracking application is installed, wherein the position of stolen wheel is sent continuously to the remote tracking application from the GPS tracker, wherein the alert and tracking device is tethered to the remote tracking application using unique identifying code, wherein the unique identifying code is given to the owner of the automobile to access the mobile tracking application; d) a centralized server to register a vehicle identification number through the remote tracking application and to store the alert and tracking device's and automobile unit's data. e) programming unit to configure the alert and tracking device and the automobile unit. a) at least one wheel comprising an air stem and a tyre pressure monitor system (TPMS) and; an alert and tracking device installed inside the air stem of a wheel along with the tyre pressure monitor system (TPMS), wherein the alert and tracking device comprises: i. receiver/transmitter; ii. a mobile modem or a subscriber identification module card; iii. a global positioning system tracker; iv. plurality of batteries to power ON the alert and tracking device; and v. an antenna, wherein the alert and tracking device has a unique identifying code for registering the owner of the automobile with the alert and tracking device; i. receiver/transmitter; ii. a mobile modem or a subscriber identification module card; iii. a global positioning system tracker; iv. plurality of batteries to power ON the alert and tracking device; and v. an antenna, b) an automobile unit placed inside an automobile, wherein the automobile unit receives a signal from the alert and tracking device; c) a computing device onto which a remote tracking application is installed, wherein the position of stolen wheel is sent continuously to the remote tracking application from the GPS tracker, wherein the alert and tracking device is tethered to the remote tracking application using unique identifying code, wherein the unique identifying code is given to the owner of the automobile to access the mobile tracking application; d) a centralized server to register a vehicle identification number through the remote tracking application and to store the alert and tracking device's and automobile unit's data. e) programming unit to configure the alert and tracking device and the automobile unit.