Bharat Forge, one of India’s leading automotive component suppliers, has demonstrated resilience in its standalone financial performance for the fourth quarter and full fiscal year 2025, navigating global headwinds while capitalising on robust growth in its defence sector business.  The company showcased a steady performance despite challenges in certain international markets.

For Q4 FY2025, Bharat Forge recorded standalone revenues of INR 21 billion, with an EBITDA of INR 6 billion, translating to a healthy EBITDA margin of 29.1 percent. The company also reported a Profit Before Tax (PBT) of INR 4.9 billion.

For FY2025, Bharat Forge reported standalone revenues of INR 88 billion, a marginal dip of 1.4 percent compared to the INR 89 billion recorded in FY2024. Despite this slight decrease in revenue, the company managed to improve its profitability, with EBITDA at INR 25 billion (EBITDA margin of 28.5 percent) and PBT at INR 19 billion, both showing a marginal improvement compared to the previous fiscal year. The company also highlighted a strong balance sheet with cash on books of INR 26 billion.

The company stated that FY25 Revenues remained flat despite weakness in European CVs, mixed performance in export PV business. Oil & Gas recouped from the lows of FY24 while Defence displayed steady growth.

At a consolidated level, Bharat Forge reported revenues of INR 15.1 billion in FY2025, remaining relatively flat compared to the INR 15.6 billion in FY24. However, the company saw a significant improvement in consolidated EBITDA margins, rising from 16.4 percent to 18.2 percent.

A significant highlight of the year was the strong order inflow, particularly in the defence sector. During Q4 FY25, the company secured new orders worth INR 43 billion, including a substantial INR 34 billion towards the ATAGS order. As of March 2025, the defence order book stood at a robust INR 94 billion. For the entire fiscal year, the Bharat Forge group secured new orders worth INR 69 billion, with the defence sector accounting for an impressive 70 percent of these new wins.

The company also highlighted the strong performance of its ferrous castings business, which witnessed significant growth with revenues increasing by 23 percent, EBITDA by 35 percent, and a doubling of profits compared to FY2024. Key return ratios for this segment exceeded 20 percent.

Looking ahead to FY2026, Bharat Forge outlined its strategic focus on improving consolidated profitability through several internal actions. These include reducing losses in the e-mobility vertical, evaluating options for the steel business in Europe, improving operational performance in the aluminium business, leveraging North American manufacturing footprint and focusing on new business wins across traditional forgings, defence, aerospace and castings. The company also anticipates the integration of the AAM India business in FY2026, which is expected to further enhance its product portfolio and presence in the Indian market.

Comments (0)

ADD COMMENT

Link Copied!

German tier 1 supplier AUMOVIO and the BMW Group have executed a long-term supply and development agreement valued at over EUR 1 billion, while simultaneously settling all pending legal proceedings concerning a past brake system warranty case.

Under the terms of the settlement, AUMOVIO Germany, a subsidiary of AUMOVIO SE, formerly Continental’s Automotive Group sector, will pay BMW EUR 350 million. The settlement amount will be disbursed in two instalments across the third and fourth quarters of 2026.

Prior to the agreement, AUMOVIO had recognised a risk provision of EUR 54 million for the matter. The financial settlement resolves all outstanding claims between BMW, Continental and AUMOVIO.

Alongside the legal resolution, the companies have expanded their technology partnership through new supply contracts for brake systems and electronic controls for future vehicle architectures.

The agreement extends series deliveries of AUMOVIO's MK C2 integrated brake system to BMW through the mid-2030s. The MK C2 unit combines the master cylinder, brake booster, anti-lock braking and electronic stability control into a single module designed to support regenerative braking, pressure build-up for automated driving and vehicle weight reduction.

Philipp von Hirschheydt, CEO, AUMOVIO, said, “The agreement with the BMW Group is an important step for us to strengthen our business relationship. It demonstrates confidence in our innovative brake technology and at the same time motivates us to further advance the partnership between our companies and jointly shape the future of mobility.”

The contract portfolio also covers the supply of brake calipers and electronic control units. The expanded commitments establish supply chain continuity for BMW's upcoming vehicle platforms while securing long-term production volumes for AUMOVIO.

Comments (0)

ADD COMMENT

Link Copied!

EuroGroup Laminations (EGLA), a manufacturer and distributor of laminations and cores for electric motors, generators and transformers, has appointed Renzo Argentin as its new Senior Vice President and Chief Operating Officer (COO).

The appointment forms part of EGLA's Performance Improvement program, which aims to integrate and streamline the company's operating model across its international manufacturing operations.

The company is engaged in the design, production and distribution of stators and rotors for electric motors and generators.

In his role as COO, Argentin will oversee operational evolution, focusing on process refinement, production efficiency, industrial performance and supply chain management.

Argentin joins EGLA with over 20-years of operational and financial management experience across international industrial groups, including GEA Group, Marelli and Zanini.

Marco Arduini, CEO, EuroGroup Laminations, said, "Renzo Argentin's arrival represents an important step in EGLA's development. At a time when markets increasingly require greater flexibility, speed, and integration capabilities, we continue to invest in high-level managerial skills to make our operations even more robust, efficient and competitive. Renzo's experience will be crucial to accelerating the improvement of industrial processes and strengthening our ability to support the Group's long-term growth."

Renzo Argentin, added, "I am proud to join a Group that is a global benchmark in its sector and has built its leadership through a unique wealth of industrial and technological expertise. We will work together to leverage this heritage, strengthening operational excellence, process integration and the organisation's ability to support the next stages of development."

Comments (0)

ADD COMMENT

Link Copied!

FORVIA has announced a significant expansion of its Indian operations, marked by a new seating programme award that will result in the construction of a dedicated manufacturing plant for complete seat assembly. This new facility will represent the Group’s 10th manufacturing site in India and its first specifically for complete seat production. The move comes as the Indian automotive market demonstrates robust growth, with vehicle sales reaching a record 2.6 million units in the first half of 2026.

The upcoming plant, scheduled to begin production in 2027, will handle end-to-end manufacturing of complete seating systems, including structures, mechanisms, foam, covers and final assembly for both first- and second-row seats. The site will feature FORVIA’s proprietary Cover Carving Technology, a polyurethane-based innovation that optimises seat geometry to maximise rear cabin space and improve passenger comfort while enhancing surface finish quality.

India has emerged as a pivotal engineering hub for FORVIA, employing over 2,400 engineers and technical experts. The country’s teams are developing next-generation mobility technologies, including zonal controllers, smartphone-based vehicle access and radar-based rider assistance. FORVIA HELLA India has been established as a Global AI Center of Competence, focusing on artificial intelligence solutions for engineering and manufacturing applications.

The expansion is a core component of FORVIA’s IGNITE strategic plan, prioritising growth in high-potential regions. With the new facility, the Group will operate manufacturing sites across multiple locations, including Mehsana, Pune, Bengaluru, Chennai and Manesar. The Group has secured several programme awards with leading OEMs since the start of 2026, spanning Seating, Electronics and Clean Mobility.

The Group’s growth strategy is supported by strong local partnerships, notably the joint venture between FORVIA Clean Mobility and Anand Group, combining global expertise with local market knowledge. FORVIA India has filed 61 patent applications and been granted 30 patents, underscoring India’s strategic importance in FORVIA’s ambition to strengthen its position as a leading mobility technology partner for original equipment manufacturers.

Martin Fischer, CEO, FORVIA, said, "India is becoming one of the world's most dynamic automotive markets and a strategic pillar of FORVIA's growth trajectory. Beyond this new Seating investment, we continue to expand our industrial footprint, strengthen localisation, invest in advanced technologies and develop world-class engineering and AI capabilities across the country."

Sébastien Limousin, Executive Vice President, FORVIA Seating Business Group, said, "This new plant reinforces our positioning in India, a market expected to represent around EUR 4 billion by 2030 for automotive seating. It reflects our commitment to expanding complete seat system capabilities in India, with locally developed and manufactured solutions, and bringing advanced seating technologies to high-growth markets.”

Comments (0)

ADD COMMENT

Link Copied!

BorgWarner has secured a new contract to supply its torque-on-demand transfer case with mechanical lock (Mlock TOD) for a full-size SUV developed by a Chinese automaker. Production is scheduled to commence in the final quarter of 2026.

The growing full-size SUV segment increasingly demands vehicles adept at varied terrains, yet traditional part-time systems often require manual mode selection, hindering adaptability. The Mlock TOD addresses this by offering intelligent torque distribution and enhanced convenience, effectively bridging on-road and off-road requirements.

Built upon a proven design, the Mlock TOD integrates torque-on-demand and mechanical lock functions to boost performance and offer flexible solutions across platforms. Leveraging its deep expertise, local production and market insight, BorgWarner remains committed to delivering reliable, high-efficiency drivetrain systems.

Henk Vanthournout, Vice President of BorgWarner Inc. and President and General Manager, Drivetrain and Morse Systems, said, “We have built a 20-year relationship with this customer and we’re proud to continue supplying our AWD technology for their newest SUV. The Mlock TOD featured in this programme combines torque-on-demand four-wheel drive with mechanical lock modes, helping address a wide range of driving conditions while enhancing off-road capability, handling and safety. As a leader in four-wheel drive technology, BorgWarner will continue to leverage its proven product portfolio and technical expertise to deliver greater value to customers.”

Comments (0)

ADD COMMENT

Link Copied!