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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Automotive technology company Marelli will present a range of propulsion and thermal innovations at Auto China 2026 in Beijing, under the theme ‘Rooted in innovation, everywhere’.

The company is focusing on technologies designed to support the transition across internal combustion, hybrid and electric powertrains.

A primary exhibit will be the new e-Transmission Cooling Pump, engineered for e-axles and Dedicated Hybrid Transmissions (DHT). The modular system utilises brushless technology and integrated electronics to deliver on-demand oil cooling, reportedly achieving a 30-watt energy saving compared to industry benchmarks. The pump is available in 12-volt and 48-volt variants, offering compatibility with diverse vehicle architectures while reducing integration costs.

Marelli will also display its Flex Fuel system, which enables three-cylinder and four-cylinder engines to operate on biofuels and ethanol. The system incorporates automatic fuel detection and integrated rail heaters for cold starts. In the thermal management sector, the company is highlighting miniaturised components designed to improve energy utilisation and vehicle range. These include:

• High-Performance Chiller: A battery thermal management solution featuring an ultra-fine inner fin structure to improve heat exchange and support high charging rates.
• eAxle Oil Cooler: A compact heat exchanger with an optimised dimple structure to increase water flow speed and cooling efficiency.
• Full Aluminium Radiator: A low-temperature radiator for battery cooling in electric vehicles, constructed from mono-material aluminium to facilitate easier recycling.

The development of these technologies follows Marelli’s distributed innovation model, which pairs global coordination with local engineering and supply chains to accelerate time-to-market. The company’s solutions will be on display at the New China International Exhibition Center from 24 April to 3 May.

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Toyoda Gosei Co., Ltd. has introduced a newly designed automotive air conditioning register that features a nearly invisible aperture, significantly enhancing the visual appeal of vehicle cabins. This innovative component made its debut on the Toyota bZ7, which launched in China during March 2026.

As electrified and autonomous driving technologies advance, car interiors are evolving from mere transportation spaces into comfortable, lounge-like environments. This shift has increased the demand for instrument panels with sleek, uncluttered appearances. In response, Toyoda Gosei employed flow analysis simulation to develop an airflow direction control mechanism that optimises air movement. This innovation allows the vertical airflow adjustment fins, which previously created bulky openings, to be concealed entirely.

The result is a seamless instrument panel where the register integrates effortlessly without compromising air conditioning performance. Beyond improved aesthetics, the system replaces conventional manual controls with an electronic interface operated via the screen, adding a modern, sophisticated touch.

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Schaeffler, the motion technology company, has been awarded the German Innovation Award in the ‘Large Companies’ category for its Industrial Metaverse. This digital ecosystem integrates artificial intelligence (AI), simulation models, and software to connect physical manufacturing floors with virtual environments. The platform is designed to facilitate a transition towards autonomous production, specifically supporting the deployment of humanoid robots and automated guided vehicles (AGVs).

The Industrial Metaverse functions by combining three-dimensional digital maps of production sites with simulations of physical processes. By evaluating sensor signals through physical AI, the system identifies patterns and determines actions for autonomous resources. This allows robots to practice motion sequences and enables the optimisation of assembly processes in a virtual space before physical implementation. Currently, the technology is operational at ten Schaeffler locations, with a target to expand to 50 percent of its global plants by 2030.

The award is presented annually by WirtschaftsWoche in partnership with Accenture, the BMW Foundation, and O2 Telefónica, under the patronage of the German Federal Ministry for Economic Affairs and Energy. It recognises innovations that contribute to the competitiveness of German and European industry. Schaeffler’s application of the metaverse is intended to automate complex processes that were previously considered uneconomical.

Klaus Rosenfeld, CEO, Schaeffler, said, “We are very pleased to have received the German Innovation Award in the ‘Large Companies’ category. With the Industrial Metaverse, we are not only creating a digital twin of our plants but also a learning ecosystem in manufacturing that will help secure our long-term competitiveness. By using AI in industrial applications and deploying humanoid robots in manufacturing, we are laying the foundation for the factory of the future.”

Dr. Jochen Schroder, COO, Schaeffler, said, “For us, the Industrial Metaverse is far more than just a means to optimize processes. It is the key enabler for the scaling up of humanoid robots, as cyber-physical systems can already be trained by physical AI in the virtual space quickly and efficiently. By using the Industrial Metaverse, we are paving the way for flexible, high-level automation and greater efficiency in our worldwide volume production.”

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Tier 1 automotive supplier Marelli has appointed Frederick ‘Fritz’ Henderson as interim Chief Executive Officer, effective immediately. He succeeds David Slump, who remains on the board of directors until the company concludes its Chapter 11 restructuring. Following Henderson’s interim tenure, the company’s lenders intend to appoint Laurent Favre as the permanent Chief Executive Officer.

The company has also announced the appointment of Roberto Fioroni as Chief Financial Officer and Helen Redfern as Chief Human Resources Officer, with both scheduled to join on 1 May 2026.

Fioroni and Redfern move to Marelli from Dowlais Plc, where they served as Chief Financial Officer and Chief People Officer respectively. Fioroni replaces Alanna Abrahamson in the finance role.

Henderson’s career includes tenures as the Chief Executive of General Motors and Suncoke Energy, as well as the non-executive Chairmanship of Adient. His appointment is intended to provide stability as Marelli completes the final months of its financial reorganisation. The new leadership team will focus on the company's strategic roadmap and its transition into a growth phase following the legal proceedings.

Dinesh Paliwal, Executive Chairman of the Board, said, “These appointments are designed to transition Marelli’s leadership team as we seek to complete our restructuring. Fritz’s operating experience and automotive expertise will be invaluable to Marelli as we work through the final months of this process. The Board thanks David Slump for his contributions to the company’s operational and commercial restructuring and for guiding the business through a critical period under Chapter 11, ensuring continuity and stability across our global operations. We are grateful for his leadership, discipline and commitment to Marelli and its stakeholders.”

Frederick Henderson, stated, “Marelli is distinguished by its exceptional technology, long-standing customer relationships and tremendous global talent. As Marelli’s Interim CEO, my focus is on ensuring stability and continuity while translating the company’s strengths and potential into sustainable performance and long-term value. In the near term, my priorities are to finalise our strategic roadmap and support a successful emergence from Chapter 11. I am also pleased to welcome Roberto Fioroni as CFO and Helen Redfern as CHRO. Their experience and capabilities will further strengthen Marelli and support the company through this important transition and into its next phase of growth.”

David Slump, commented, “As Marelli finalises its strategic roadmap and prepares for its next phase of growth, now is a natural time to transition leadership. I’m proud of our team’s achievements over the past four years, particularly the steps taken in innovation and technology, and I am optimistic that Marelli will continue to build on its legacy following emergence from chapter 11. I want to thank Alanna for her leadership and contributions and wish her the best in future endeavours.”

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