Auto Part Makers

Tariff truce prompts Chinese auto-parts makers to rethink US investment

The 90-day temporary easing of US tariffs on China has introduced a high level of uncertainty, with the Chinese auto sector weighing the short-term and long-term impact

Belrise Industries acquires H-One India to expand production capacity

IPO-bound auto components maker Belrise Industries on Friday announced the acquisition of the Indian arm of Japanese firm H-One Co. The move is aimed at expanding Belrise's design and manufacturing capabilities and strengthen its position as a supplier of chassis systems and body-in-white parts in the Indian automotive market, the company said. Belrise, however, did not disclose the deal size. H-One India, the Indian subsidiary of H-One Co, is involved in the design and manufacturing of high-tensile steel components and high-tensile tool development for two and four-wheelers. High-tensile steel components are crucial for light-weighting, enhancing vehicle safety, fuel efficiency, and overall performance. Through this acquisition, Belrise said it aims to enhance its production capacity and logistical efficiency by leveraging H-One India's two manufacturing facilities in North India and integrating the acquired company's core technological capabilities. H-One India's clientele incl

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

Bharat Forge, Balkrishna Industries tank upto 6% on Trump's 25% auto tariff

The Nifty Auto index, which tracks the performance of auto stocks, dropped 1.46 per cent, to hit an intraday low of 21,095 points.

Uno Minda, Motherson Sumi, M&M: Top bets by Nuvama ahead of March'25 sales

According to analysts at Nuvama, the tractor industry volumes are expected to grow in double digits, with an approximately 16 per cent Y-o-Y increase in the domestic market

Samvardhana Motherson Q3 profit rises to Rs 879 cr, misses estimates

Samvardhana Motherson is India's top auto parts maker by market capitalisation and counts carmakers from Maruti Suzuki to Mercedes-Benz among its customers

Pricol plans to acquire Sundaram Auto Components' injection moulding biz

Automotive components maker Pricol on Monday said it will acquire Sundaram Auto Components' injection moulding business for Rs 215 crore. The company said it is making the acquisition through its wholly-owned subsidiary Pricol Precision Products Pvt Ltd. With this acquisition, Pricol will see a consolidated topline addition of around Rs 730 crore combined with Sundaram Auto Components' (SACL) healthy financial parameters, it said in a statement. The debt-free acquisition is being made through an all-cash deal for an amount of Rs 215.3 crore and is subject to adjustments, if any, as defined in the agreement at the time of closing the deal, it added. SACL is part of the TVS Motor Company. "With this acquisition, our focus will remain on harnessing the combined potential of Pricol and SACL, to become an integrated solution player, driving innovation, and delivering sustainable growth," Pricol Managing Director Vikram Mohan said. TVS Motor Company Group CFO K Gopala Desikan said: "As

Bosch Q2FY25 results: PAT falls 46% to Rs 536 cr, revenue at Rs 4,394 cr

Auto components firm Bosch on Tuesday said its consolidated net profit declined 46 per cent on-year to Rs 536 crore in the September 2024 quarter. The company reported a net profit of Rs 1,000 crore in the July-September quarter of last fiscal. Revenue from operations increased to Rs 4,394 crore in the second quarter as compared with Rs 4,130 crore in the year-ago period, Bosch Ltd said in a regulatory filing. "Despite unpredictable rainfall and several macroeconomic factors affecting the automotive industry's overall performance this quarter, we showcased our capacity to adapt to changing market demands and provide high-quality solutions that align with our customers' needs," Bosch Ltd Managing Director Guruprasad Mudlapur said. The company anticipates sustained demand across segments driven by the festive period in the next quarter, he added. Coupled with investments in advanced technologies and a strong commitment to localisation, the company will continue to deepen its efforts

Samvardhana Motherson Q2FY25 results: Net profit rises 4-fold to Rs 880 cr

Indian automakers reported a decline in shipments to dealers for the first time in more than two years during the July-September quarter, to help manage the excess inventory

Goyal urges auto component makers to explore investment from EFTA countries

He asked to target $100 billion worth of automobile components' exports by 2030

Autoparts maker Kross' IPO receives 88% subscription on first day of offer

The initial public offer of auto parts manufacturer Kross Ltd received 88 per cent subscription on the first day of bidding on Monday. The initial share sale received bids for 1,34,95,044 shares against 1,53,50,877 shares on offer, according to NSE data. The category for Retail Individual Investors (RIIs) received 1.50 times subscription while the portion for non-institutional investors got subscribed 61 per cent. Kross Ltd on Friday said it has mobilised Rs 150 crore from anchor investors. The Jamshedpur-based company's IPO is a combination of a fresh issue of equity shares worth Rs 250 crore and an Offer for Sale (OFS) aggregating up to Rs 250 crore by the promoters. The OFS portion consists of equity shares to the tune of up to Rs 168 crore by Sudhir Rai and Rs 82 crore by Anita Rai. The issue, with a price band of Rs 228-240 per share, will conclude on September 11. Kross proposes to utilise the net proceeds of the fresh issue for the purchase of machinery and equipment, pay

Auto parts manufacturer Kross' Rs 500 cr IPO to open on September 9

Auto parts manufacturer Kross Ltd is set to float its Rs 500-crore initial share sale on September 9 for public subscription. The three-day Initial Public Offering (IPO) will conclude on September 11 and the bidding for anchor investors will open for a day on September 6, according to the Red Herring Prospectus (RHP). Jamshedpur-based company's IPO is a combination of a fresh issue of equity shares worth Rs 250 crore and an Offer for Sale (OFS) aggregating up to Rs 250 crore by the promoters. Kross proposes to utilise the net proceeds of the fresh issue for the purchase of machinery and equipment, payment of debt, and funding the working capital requirements of the company. Besides, a portion will be used for general corporate purposes. Founded in 1991, Kross is a diversified player focused on manufacturing and supply of trailer axle and suspension assembly and a wide range of forged and precision machined high-performance safety critical parts for medium and heavy commercial vehic

Musashi India to ramp up EV component localisation to 70% by year-end

The company aims to produce 1 million e-axles per year by 2030 to accelerate India's transition to green mobility

Musashi appoints Naoya Nishimura as CEO for India and Africa region

Previously, Naoya Nishimura was the global Chief Research & Development Officer at Musashi

Automotive supplier ZF Group inaugurates new manufacturing unit in TN

With an Rs 1,800 crore project outlay, ZF plans to strengthen its manufacturing presence and expansion in India with investment realization by 2030

Aircraft engine maker Pratt & Whitney establishes R&D centre in Bengaluru

IDCC will facilitate close collaboration with other RTX (Raytheon) businesses in India, including Collins Aerospace and RTX Enterprise Services

Govt to examine demands for inclusion of more components in Auto PLI: Min

The government has constituted a committee to examine the auto industry's demand for including more components in the production-linked incentive scheme for automobile and auto components, Union Minister Mahendra Nath Pandey said. "A committee has been constituted to examine demands from stakeholders to include more (automotive) components in the scope of the PLI scheme as technology keeps evolving. It will be chaired by an Additional Secretary in the Ministry of Heavy Industries and have 11 members including those from testing agencies like ARAI and the auto industry," the heavy industries minister told PTI. The minister was speaking on the sidelines of a conference on Auto PLI here on Tuesday. Considering the need of the auto industry, the ministry has extended the tenure of the Production Linked Incentive (PLI) Scheme for Automobile and Auto Components by one year and incentive will be provided for determined sales for a total of five consecutive financial years, starting from th

Infosys to integrate, standardise LKQ Europe's business processes

LKQ Europe is a leading distributor of automotive aftermarket parts for cars, commercial vans, and industrial vehicles in Europe

Indian PV market to nearly double in size by FY31: Maruti MD Takeuchi

Automobile businesses need to be 'reviewed, re-aligned' for higher scale of operations, he says

Schaeffler India to fully acquire auto spare parts platform Koovers

Schaeffler India Ltd on Monday said it will fully acquire KRSV Innovative Auto Solutions Pvt Ltd, an automotive aftermarket spare parts platform, for Rs 142.4 crore. Bengaluru-based KRSV Innovative Auto Solutions, which operates under the brand Koovers, offers spare parts solutions to Indian aftermarket workshops via a B-to-B e-commerce platform. "This acquisition presents an ideal synergy for Schaeffler's future after sales activities in India. It will be a key enabler for the aftermarket ecosystem, including distribution partners and help to play an important role in the fast growing and evolving aftermarket digital landscape," Schaeffler India said in a statement. Under the share purchase agreement, Schaeffler India will acquire 100 per cent shares of KRSV Innovative Auto Solutions for a consideration of approximately Rs 142.4 crore, it added. "The transaction would be completed in the third quarter of CY 2023, subject to customary closing conditions. This acquisition will be fu