Automotive Component

PPAP Automotive shares fly 20% on bagging multi-year orders worth Rs 118 cr

The surge in PPAP Automotive share price came after the company announced that it has secured multi-year orders worth Rs 118 crore

Automotive Axles share drops over 5% as Q2 operating profit tanks 23% YoY

The fall in Automotive Axles share price came on the back of weak set of September quarter of financial year 2025 (Q2FY25) results announced on Wednesday, October 30, 2024

Automotive firm Emmforce Autotech files draft papers to raise funds via IPO

Automotive components manufacturer Emmforce Autotech has filed draft papers to raise funds through an initial public offering (IPO). The public issue will be entirely a fresh issue of up to 55,00,000 equity shares, each with a face value of Rs 10, the company said in a statement on Thursday. Post the completion of the IPO, the company's shares are proposed to be listed on the SME Platform of BSE Ltd, a platform for small and medium enterprises, it added. The company proposes to utilise the proceeds from the fresh issue towards investment in its subsidiary, Emmforce Mobility Solutions Pvt Ltd (EMSPL). Proceeds will also be used to meet the working capital requirements of the company, and general corporate purposes, as per the draft red herring prospectus (DRHP). "We are planning to invest proceeds from the IPO in our subsidiary company EMSPL to expand its manufacturing capabilities and cater to untapped territories, including Europe, South America, Africa, the Middle East, Asia Pac

Bharat Forge riding high on its domestic business, stock price up 39.3%

The rally has been driven by investors' expectations of continued growth in Bharat Forge's bread-and-butter business of automotive forgings and a faster ramp-up of volumes in its newer segments

Pricol announces technology, supply partnership with China-based firm

Automotive technology firm Pricol Ltd on Wednesday announced a partnership with China-based Heilongjiang Tianyouwei Electronics for Driver Information System (DIS), including e-cockpit, heads up display, for vehicle segments. The company said it has entered into a co-operation agreement for technology and supply of parts and systems with the overseas firm, which will support it exclusively on the projects identified for such collaboration. The company said it will source components and/or sub-assemblies from Heilongjiang Tianyouwei Electronics as part of the supply arrangement. "We are confident that our efforts will help in providing state-of-the-art solutions in the DIS space, where Pricol has a dominant position in the Indian market. "Pricol's domain expertise combined with Heilongjiang Tianyouwei Electronics's technological prowess marks a significant step towards achieving a vision of enhancing the driving experience for Indian customers," Pricol Ltd Managing Director Vikram .

Indian auto component industry saw highest-ever jump at 33% in FY23: ACMA

Revenues share from EV makers more than doubles to 2.7%

Better grip on future for tyre stocks: Tread on easing input cost, demand

Higher raw material prices had punctured sequential margins of major tyremakers

Bharat Gears trades ex-date for 1:2 bonus; stock zooms 20%

The management is cautiously optimistic of growth in Indian markets for automotive components, agricultural machinery and construction equipment

Visteon to come up new mfg unit in India; sets sight on West and North

This is in addition to the expansion plans at its existing manufacturing unit in Chennai

India's auto component industry all set for electric vehicle shift

ACMA president, Sunjay Kapur says that the 75 companies eligible for the auto components production-linked incentive (PLI) scheme, have to invest Rs 250 crore each in five years to get the incentive

Export-focussed sectors express disappointment over RoDTEP rates

The industry associations representing these sectors rued that the rates are lower than what companies enjoyed under the now discontinued MEIS scheme

Lumax revenue up 30% at Rs 504 crore in Q4FY21; revenue drops 11%

Automobile lighting major Lumax Industries has reported revenue of Rs 504 crore for Q4 FY21 as against Rs 387 crore in the same period of previous fiscal, marking a 30 per cent increase

Craftsman Automation IPO: Opportunities & risks to know before subscribing

Craftsman Automation has many global and domestic clients including Tata Motors, Tata Cummins, M&M, Simpson and Co, Escort, Ashok Leyland, and TVS Motors

Thyssenkrupp raises annual outlook for first time in nearly four years

German conglomerate Thyssenkrupp AG raised its full-year outlook for the first time in nearly four years, citing turnaround efforts as well as improved demand for automotive components and materials

Lumax Group to ramp up production capacity at two key plants in 2021

A positive outlook for the overall passenger car market in the next fiscal year encouraged the firm to move ahead with its plans, said Vineet Sahni, group CEO, Lumax

Sundram Fasteners Q2 net up 45% to Rs 104 cr on better cost control

Revenue from operations during the quarter was flat at Rs 889 cr; China operations back to normal

Higher levels of automation will be integral to manufacturing: Baba Kalyani

Automation will allow of appropriately sweating the assets, said Bharat Forge MD at ACMA event