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Auto Component Industry Revenue to Grow 8-10% in FY2026, ICRA Forecasts

autherAngitha Suresh     calendar20 Feb 2025

Operating margins for auto component makers are expected to stay at 11-12% in FY2025 and FY2026, driven by operational efficiency and higher vehicle content. However, they remain at risk from commodity price and currency fluctuations.

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Yuma Energy Acquires Grinntech to Expand Battery Technology and Manufacturing News
Yuma Energy Acquires Grinntech to Expand Battery Technology and Manufacturing

autherArunima Pal calendar20 Feb 2025

In January 2025, Yuma Energy introduced a new battery at the Bharat Mobility Global Expo’s Bharat Battery Show in New ...

Sundaram-Clayton to Sell Aluminium Die-Casting Operations at Hosur Plant News
Sundaram-Clayton to Sell Aluminium Die-Casting Operations at Hosur Plant

autherArunima Pal calendar19 Feb 2025

Both high-pressure and low-pressure aluminium die-casting operations at the Hosur facility will be divested, the compa...

SKF India Appoints Nrithika Sridharan as Head of Strategy & Marketing News
SKF India Appoints Nrithika Sridharan as Head of Strategy & Marketing

autherAngitha Suresh calendar19 Feb 2025

Sridharan has over 15 years of experience in corporate strategy, growth initiatives, and P&L accountability across the...

Yokohama India Expands Local Manufacturing with 20-Inch Tyre Production News
Yokohama India Expands Local Manufacturing with 20-Inch Tyre Production

autherShruti Shiraguppi calendar19 Feb 2025

Responding to growing SUV market demand, Yokohama India expanded with 20-inch Geolandar X-CV tyres for luxury SUVs.

Lanxess Optimistic About Future of India’s Tyre Industry, Says Chairman Zachert News
Lanxess Optimistic About Future of India’s Tyre Industry, Says Chairman Zachert

autherDarshan Nakhwa calendar19 Feb 2025

The industry is targeting to increase its export to Rs 50,000 crore by 2030 from the current Rs 23,000 crore, with Wes...

ZF equips Nio flagship EV with steer-by-wire steering News International
ZF equips Nio flagship EV with steer-by-wire steering

By Autocar Professional calendar18 Feb 2025

The leading developer and manufacturer of by-wire systems such as brakes and steering without a direct mechanical conn...

Folks Motor Expands into EV Retrofitment, Finance, and Asset Management News
Folks Motor Expands into EV Retrofitment, Finance, and Asset Management

autherArunima Pal calendar17 Feb 2025

The firm is working on integrating a range of powertrain platforms and power electronics to facilitate the transition ...

JK Tyre President of India Operations Steps Down News
JK Tyre President of India Operations Steps Down

autherSarthak Mahajan calendar15 Feb 2025

Anuj Kathuria steps down as President (India) of JK Tyre, with the company confirming his resignation in a regulatory ...

BorgWarner Secures Four Electric Motor Contracts with Chinese Automakers News
BorgWarner Secures Four Electric Motor Contracts with Chinese Automakers

autherArunima Pal calendar14 Feb 2025

The contracts involve supplying high-voltage hairpin (HVH) motors for hybrid and electric vehicle platforms.