Auto Component Makers

Belrise Industries soars 13% in 2 days, hits record on Jefferies 'Buy' call

The northward move in Belrise Industries shares came after foreign brokerage Jefferies initiated coverage with a 'Buy' rating, and set a target price of ₹135, implying a potential upside of 31per cent

Nuvama sees mixed June auto sales; two-wheelers, tractors to outperform

Analysts cite rural demand and the ongoing marriage season as key drivers supporting two-wheeler and tractor volumes, while subdued consumer sentiment and conversion delays are likely to weigh on PV &

Talbros Automotive share jumps 8% on securing this deal; key details here

Talbros Automotive share price surged today after the company, along with its joint ventures, secured orders worth approximately ₹580 crore from leading OEMs for both domestic and export markets.

Auto part makers may lose Rs 4.5K crore due to trade tariffs: Icra

Leading auto component manufacturers could take a revenue hit of up to Rs 4,500 crore in the current fiscal due to dip in overseas shipments stemming from the tariff-related impact, ratings firm Icra said on Monday. Icra expects the revenue growth of Indian auto component industry, represented by sample of 46 auto ancillaries with aggregate annual revenues of over Rs 3 lakh crore in FY2024, to ease to 6-8 per cent in FY2026, against 8-10 per cent projected earlier, if there is mid-to-high single-digit revenue decline in exports to the US, stemming from the tariff-related impact, it said in a statement. The steep increase in import tariffs imposed recently by the US is estimated to burden the entire supply chain with an incremental cost of around Rs 9,000 crore, which will need to be borne by the US consumers, US importers, and Indian exporters, it said. The extent to which the Indian auto component exporters share the cost burden will be contingent on their competitiveness and the .

Auto component firms bank on localisation, diversification amid tariff woes

With global trade uncertainties rising, Indian auto component manufacturers are focusing on localisation, diversification, and policy support to shield operations and tap fresh export opportunities

Speed bumps in exports: Auto part makers hope for 'balanced resolution'

Sona BLW Precision Forgings, Bharat Forge gets and Motherson Group among Indian companies that earn a major source of their revenue from the US

Trump's auto tariffs to cover billions of dollars in vehicle, parts imports

The update of Trump's auto tariff proclamation from last week included nearly 150 auto parts categories that will face tariffs starting on May 3

Donald Trump's tariffs threaten India's slowdown-hit auto parts makers

Trump first targeted fully assembled vehicles with a 25% duty from April 3, while additional tariffs on car parts like engines, transmissions, and electrical systems are set to take effect on May 3

How the auto component industry is gearing up for Trump's 25% tariffs

Indian auto component companies say fear the US could grant selective relaxations to certain countries which could adversely impact them

Gabriel India soars 13% on heavy volumes; up 45% in 1 year, outruns market

The auto-component maker has an ambitious vision to be among the Top Five Shock Absorber Manufacturers in the World and is relentlessly working towards it.

Major auto component firms to invest up to Rs 30K cr next fiscal: ICRA

Major auto component firms are likely to invest Rs 25,000-30,000 crore in the next fiscal for capacity expansion and localisation, including electric vehicle (EV) parts, ratings firm ICRA said on Thursday. The sector is also expected to invest in capacity enhancements and upcoming regulatory changes. "ICRA's interaction with large auto component suppliers indicates that the industry is estimated to spend Rs 15,000-20,000 crore in FY2025 and another Rs 25,000-30,000 crore in FY2026," Vinutaa S, Vice President and Sector Head, Corporate Ratings, ICRA Ltd said in a statement. The incremental investments would be made towards new products, product development for committed platforms and development of advanced technology and EV components, apart from capex for capacity enhancements and upcoming regulatory changes, she added. The rating agency said it expects the revenue growth of the Indian auto component industry (represented by a sample of 46 auto ancillaries with aggregate annual ..

This recently listed IPO tanked 35% in 2 days; down 50% from issue price

Shares of Carraro India hit a new low of Rs 352.85 as they slipped 19 per cent on the BSE in Monday's intra-day trade, extending its Friday's decline after the firm reported disappointing Q3 earnings.

Uno Minda Q3 results: PAT rises 21% at Rs 233 cr, revenue at Rs 4,184 cr

Auto components maker Uno Minda on Thursday said its profit after tax increased 21 per cent year-on-year to Rs 233 crore for the third quarter ended December 31, 2024. The company reported a Profit After Tax (PAT) of Rs 193 crore in the third quarter (October-December) of last year. Revenue from operations rose to Rs 4,184 crore in the period under review as compared with Rs 3,523 crore in the year-ago period, Uno Minda said in a statement. The company said its board has approved a capital expenditure of Rs 72 crore for expansion of its Hosur-based aluminium die casting manufacturing facility. "We continue to work on groundbreaking technologies, facilitating localisation and contributing to make in India. With these strategies, we are confident of continued success and help shaping the future of mobility," Uno Minda Group CMD Nirmal K Minda said. The company's strategic focus on innovation, diversification, and operational efficiency continues to drive upward trajectory, solidifyi

Bosch Q3 results: Net profit dips 12% to Rs 458 cr, revenue at Rs 4,466 cr

Auto components maker Bosch on Tuesday said its consolidated net profit declined by 12 per cent to Rs 458 crore for the third quarter ended December 31, 2024. The company had reported a net profit of Rs 518 crore in the October-December period of the last fiscal. Its revenue from operations rose to Rs 4,466 crore for the third quarter compared to Rs 4,205 crore in the year-ago period, Bosch said in a regulatory filing. "This quarter, Bosch generated growth through the development of advanced automotive components and customer-focused solutions. Increased service income from major OEMs testifies to their continued trust in us and our expertise," Bosch Ltd MD Guruprasad Mudlapur said. The performance further reinstates the company's strategic ability to stay cognizant of market needs and deliver successfully, he added. As part of the realignment of its Building Technologies division globally, the company said it will be carving out and transferring the Video, Access and Intrusion, a

Auto component firm Kinetic Engineering targets Rs 1K cr revenue by 2029

The investment is primarily aimed at expanding the electric vehicle (EV) business and diversifying its strategy by exploring opportunities beyond the automotive sector

Auto component maker Belrise Industries files for Rs 2,150 crore IPO

Automotive component maker Belrise Industries has filed preliminary papers with capital markets regulator Sebi to raise Rs 2,150 crore through an initial public offering (IPO). The IPO is entirely a fresh issue of equity shares with no offer for sale (OFS) component, according to the draft red herring prospectus (DRHP). The company may consider raising up to Rs 430 crore through a pre-IPO placement. If this is carried out, the issue size will be reduced. As per the draft papers filed on Tuesday, the company intends to utilise proceeds worth Rs 1,618 crore for payment of debt. The company has a borrowing of Rs 2,463 crore in its books as of June 2024. Belrise Industries is an automotive component manufacturing company based in India offering a diverse range of safety critical systems and other engineering solutions for two-wheelers, three-wheelers, four-wheelers, commercial vehicles and agri-vehicles. As of June 2024, it marketed its products both domestically and internationally,

This auto component maker's stock jumped 8%; what is boosting the rally?

The rise in Sterling Tools share price came after the company revealed that it has been awarded the long-term rating of [ICRA]AA- (Positive)

Auto component maker Samvardhana Motherson raises Rs 6,438 crore via QIP

Auto components maker Samvardhana Motherson International on Monday said it has raised Rs 6,438 crore via issue of securities. The QIP issue garnered strong interest from both domestic and foreign institutional investors, leading to substantial demand over the issue size, it said in a regulatory filing. Over 95 per cent of allocations were made to marquee long-only investors such as mutual funds, insurance and pension funds, foreign institutional investor, it added. The proceeds from the issuance will be mainly directed towards debt repayment, thereby further strengthening company's balance sheet and enhancing its position to capitalise on various growth opportunities, it stated. Some of the proceeds will be used towards general corporate purposes, the company said. Shares of the company on Monday ended 2.19 per cent up at Rs 207.25 apiece on BSE.

Goyal urges auto component makers to cut imports, target $100 bn exports

Commerce and Industry Minister Piyush Goyal on Monday asked Indian auto component makers to explore ways to cut reliance on imports and boost local manufacturing to make the country a net exporter of these products. The minister also urged these companies to target USD 100 billion in exports by 2030. Addressing the auto component industry here, he expressed his concern over the continued reliance on foreign suppliers and encouraged domestic manufacturers to enhance local production capabilities. "Many of our component manufacturers still import, I do not know whether (due to) any compulsion or voluntarily, their needs of inputs from Korea, Japan, Taiwan and one of the neighbours. "I do not understand why even two or three levels down, we cannot plan to become indigenous suppliers and manufacturers so that we can then start supplying those components to other countries," Goyal said. With the huge Indian market and global opportunities, the industry can increase the exports to USD 1

Sterling Tools hits new high; stock soars 60% in 3 weeks post Q1 earnings

The strategic alliance with Yongin Electronics, a supplier of components to the Hyundai Kia Motor Group, is projected to yield a substantial biz volume of Rs 250 crore over the next five years.