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Minda Corporation and Toyodenso Form JV for Advanced Automotive Switches in India
June 11, 2025
As per the understanding, Minda Corporation will hold a 60 percent majority stake in the joint venture, while Toyodenso will retain the remaining 40 percent.
MT Bureau
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Tenneco India Appoints Mahender Chhabra As CFO
June 09, 2025
He will be responsible for financial strategy and operations, compliance and overall financial performance across Tenneco’s Clean Air, Monroe Ride Solutions (MRS), Champion Ignition and Powertrain (Bearings and Sealing) businesses in India.
MT Bureau
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Setco Launches Automotive Water Pump
June 05, 2025
Setco Automotive Limited, a leading Indian manufacturer of heavy commercial vehicle (MHCV) clutches and premium truck components, has successfully launched its new automotive water pump. This strategic expansion into the engine cooling segment demonstrate
MT Bureau
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Visteon Invests $10 Million To Manufacture Camera & Display Backlight Unit At Chennai Facility
June 02, 2025
The new production lines will build analog and digital cameras with 1.3 MP-8MP HD resolution, which it claims offers significantly sharper visuals than traditional automotive cameras.
MT Bureau
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Varroc Reports INR 1.69 Billion PAT For FY2025
May 29, 2025
The company reported profit after tax of INR 1.69 billion, which was down 46 percent YoY, as compared to INR 3.15 billion for same period last year.
MT Bureau
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Samvardhana Motherson Reports INR 38 Billion Net Profit For FY2025
May 29, 2025
Sehgal congratulated the Motherson team for an ‘exceptional performance’ over the past five years, achieving record sales and integrating 23 acquisitions despite global volatility, all while maintaining a strong focus on free cash flow and reducing th
MT Bureau