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.

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Tier 1 supplier Schaeffler India is showcasing a range of motion technologies at the Symposium on International Automotive Technology (SIAT) 2026. The company's exhibit at Hall Zone D includes electrification solutions such as drives, motors and modules, alongside powertrain systems for internal combustion engines and hybrid vehicles.

The portfolio on display features chassis components, sensors, fuel delivery modules, and bearings designed to reduce friction in vehicles. The company is highlighting its local engineering capabilities and its work with manufacturers to develop mobility solutions within India.

Company executives are participating in the symposium's technical programme. Madhurisha Vippatoori, Chief Technical Officer, is chairing the Testing and Evaluation track. Deepak Kasturi, Head of Innovation India, is delivering a keynote address regarding Euro 7 standards and real-time emissions monitoring.

The company stated that its presence at the event reflects its focus on engineering innovation, energy efficiency and collaborative development with automotive customers and academia.

Harsha Kadam, CEO & MD, Schaeffler India, said, “As a leading mobility solutions provider in India, we at Schaeffler are proud to be associated with all the leading automotive customers in shaping the future of mobility. We are equally committed to supporting our customers across various types of powertrains that will support cleaner, electrified, and intelligent mobility. Together, we are shaping a more secure, sustainable, and future-ready India.”

Viswanathan Sambasivam, Division Head - Powertrain & Chassis India, said, “SIAT provides an ideal platform to demonstrate how we are shaping mobility for India. Our focus is on co-engineering with OEMs, accelerating technology transfer, and strengthening local value creation. The solutions we are bringing this year represent the next step in advancing clean, safe, and smarter mobility.”

Omkar Kulkarni, Division Head - E-Mobility India, said, “India is one of our most important engineering hubs. Our teams here are working closely with customers to design for India, build in India, and innovate for India. The technologies displayed at SIAT underline our ability to combine global expertise with local development capabilities.”

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The Indian automotive component industry was valued at USD 80.2 billion in FY2025, with the aftermarket segment contributing USD 11.8 billion. Data from the Automotive Component Manufacturers Association of India (ACMA) indicates the sector grew by 6.8 percent to reach USD 41.2 billion in the first half of FY2026. Industry projections suggest the component market will reach between USD 111 billion and USD 200 billion by 2030.

Against this growth, the ACMA Automechanika New Delhi 2026 trade fair will take place from 5 to 7 February 2026 at Yashobhoomi, New Delhi. Organised by Messe Frankfurt Trade Fairs India and ACMA, the event will host more than 870 exhibitors. The fair serves as a platform for manufacturers, distributors and service providers to showcase innovations in spare parts, electronics, diagnostics and workshop equipment.

The exhibition will feature participation from 20 countries, including Germany, Japan, Korea and the USA. Dedicated pavilions will highlight technologies from nations such as China, Italy and Taiwan. The event focuses on electrification, alternative fuels and digital authentication. Exhibitors will display ethanol-ready components, hydrogen systems and electric vehicle charging solutions.

Raj Manek, Executive Director and Board Member of Messe Frankfurt Asia Holdings, said, “As India prioritises quality-led development across sectors, ACMA Automechanika New Delhi 2026 will showcase how the auto components and aftermarket industry is advancing in sync with global trends. The show will unite visitors and exhibitors in a massive international gathering, converging cutting-edge innovations, sustainable component solutions and clean-fuel ecosystems. Global participants are increasingly drawn to India's pivotal role in this transition, with organisations showing strong enthusiasm for tech-driven solutions to combat climate change and build a thriving and a cleaner future”.

Vinnie Mehta, Director General of ACMA, added, "India’s automotive aftermarket is moving towards a more structured, quality-driven and globally aligned future. The auto component industry grew by 6.8 percent to USD 41.2 billion in the first half of FY26, supported by stable domestic demand, a resilient aftermarket and sustained investments in capacity expansion, localisation and technology upgradation. ACMA Automechanika New Delhi provides an important platform for industry stakeholders to engage with emerging technologies, regulatory developments and global market opportunities”.

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Sona BLW Precision Forgings (Sona Comstar) has announced its financial results for Q3 FY2026, reported revenue of INR 12.09 billion, a 39 percent increase YoY.

The company’s EBITDA grew by 25 percent to INR 3.2 billion with a margin of 25.2 percent, while net profit rose by 20 percent to INR 1.8 billion. Revenue from Battery Electric Vehicles (BEV) represented 38 percent of total turnover.

In the first 9-months of FY2026, the company secured six new programmes, bringing the total to 65 across 33 different customers. Additionally, Sona Comstar was awarded a programme from a new customer to supply hydraulic motor controller.

Vivek Vikram Singh, MD & Group CEO, Sona Comstar, said, “We achieved our highest-ever quarterly revenue, EBITDA, and adjusted net profit in Q3 FY2026. Our revenue grew strongly by 39 percent YoY, primarily driven by the expansion of our electric vehicle traction motor and railway business in India. BEV revenue share improved meaningfully to 38 percent in Q3 from 32 percent in Q2FY2026 and represents our second-best quarter till date in terms of absolute BEV revenue and share. We have commercialised a new product in this quarter, the hydraulic motor controller, leveraging our strengths in motors and controllers to develop the solution for a new application outside the current product portfolio. We continue to add new EV customers and win new EV programs from our existing EV customers. Moreover, we commenced sample production of in-cabin radar sensors in our new SMT line at Chennai facility in this quarter, making us one of the few automotive radar manufacturers in India with local SMT manufacturing capability.”

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Valeo has received a contract from a global automaker to produce interior lighting systems using In-Mold Structural Electronics (IMSE) technology. The programme utilises solutions from TactoTek to integrate lighting and electronics into a single structure. This award brings Valeo’s total order intake for interior lighting to nearly EUR 1 billion since 2024, a figure that includes light lines, pixelated solutions and smart surfaces.

The project focuses on interior structures where electronics are embedded directly into finished parts. This method produces a flush surface and creates a structure that is thinner and lighter than traditional assemblies. The design reduces material usage and energy consumption while increasing the durability of the components. To support the contract, Valeo has commissioned an automated production line designed for the high-volume manufacturing of these integrated systems.

The collaboration with TactoTek provides the foundation for scaling smart surfaces into large-scale production. By replacing multi-part assemblies with unified structures, Valeo aims to meet industry demand for interiors that combine design and functionality. The new production line is intended to optimise processes for the industrialisation of IMSE-based solutions, which the companies claim offers cost competitiveness and flexibility for future design changes.

Maurizio Martinelli, CEO - Light Division, Valeo, said, “This award sets a new benchmark for next generation interior solutions. Valeo’s lighting expertise and industrial capabilities, combined with IMSE technology, are enabling us to bring highly advanced, smart interior systems into large-scale production. It also reflects our commitment to shaping the future of mobility in a way that brings lasting value to customers globally.”

Jussi Harvela, CEO, TactoTek, added, “Our cooperation with Valeo and the commissioning of a dedicated new production line mark an important milestone in the large-scale industrial adoption of IMSE technology, whose cost competitiveness and ability to support future design evolution were decisive factors in securing the award. This collaboration demonstrates how our vision for smart surfaces transforms into a scalable solution that serves leading automotive manufacturers.”

The integration of electronics into structural parts is a direction for the automotive sector as manufacturers seek to reduce vehicle weight and simplify interior architectures.

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