Bonfiglioli Transmissions has announced the appointment of Ravindra Pisharody as Chairperson and Independent Director. The company also appointed Sundaresan Ananthanarayanan and Rossella Schiavini as Independent Directors to its board, effective February 2026.

These changes aim to enhance governance and strategic oversight for the provider of mechanical and electro-mechanical power transmissions.

Ravindra Pisharody, who has served on the company’s board since 2018, takes over as Chairperson. An alumnus of IIT Kharagpur and IIM Calcutta, Pisharody has 36 years of experience in marketing and sales. His career includes leadership roles at Tata Motors, Philips India, BP India and BP Singapore.

As of 31 December 2025, he holds directorships in several companies, including Muthoot Finance and Happy Forgings.

Sundaresan Ananthanarayanan joins the board with a background in electrical and mechanical engineering. He previously held a role at Ammann India, where he worked within the infrastructure and industrial equipment sector. His appointment is intended to provide perspective on industrial systems and manufacturing operations.

Rossella Schiavini brings international experience in corporate governance and finance. A graduate of the London School of Economics and Political Science, she has over seven years of board-level experience. Her previous associations include BPER Banca and Immobiliare Grande Distribuzione SIIQ. Schiavini’s expertise lies in risk management and strategic decision-making within global organisations.

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Minda Corporation (Spark Minda) has announced the appointment of Ajay Agarwal as Group Chief Financial Officer (GCFO) and Key Managerial Personnel (KMP), effective 5 February 2026.

Agarwal takes on this position in addition to his current role as President of Finance and Strategy. In his expanded capacity, he will manage the group's financial strategy and governance. His responsibilities include leading initiatives in growth, digital transformation and investor relations.

Agarwal is a Chartered Accountant and lawyer with over two decades of experience in financial leadership, strategic planning and mergers & acquisitions. He joined Spark Minda in May 2025 and has focused on capital allocation and operational efficiency.

Prior to joining Spark Minda, he was the President of Finance and Strategy at Vedanta, and also held leadership positions at KPMG and PwC.

The appointment is part of Spark Minda’s initiative to strengthen its leadership team. The company intends to use Agarwal's experience to manage market dynamics and value creation.

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JS Auto Cast Foundry India (JSA), a subsidiary of Bharat Forge, has raised INR 3 billion crore in equity from Premji Invest (PI). Following the primary infusion of capital, Premji Invest will hold a 23 percent stake in the company on a fully diluted basis.

JSA is a supplier of ferrous castings for the industrial and automotive sectors. The company intends to use the capital to expand casting capacity, invest in medium casting capabilities, and pursue industry consolidation through acquisitions.

Since its acquisition by Bharat Forge in 2022, JSA has reported growth in revenue, exports, and profitability with a Compound Annual Growth Rate (CAGR) of 17 percent, 24 percent and 25 percent respectively.

Amit Kalyani, Vice Chairman & Joint Managing Director, Bharat Forge, said, “Since 2022 when we acquired JSA, the company has delivered excellent financial performance with topline, exports and profitability growing at a CAGR of 17 percent, 24 percent and 25 percent respectively, while enhancing its product mix and customer base. We are delighted to partner with Premji Invest (PI), a renowned and highly respected investor, in the next phase of JSA’s growth journey.”

The investment aligns with Premji Invest’s strategy of collaborating with engineering and manufacturing conglomerates on growth and consolidation initiatives.

Manoj Jaiswal, Partner, Premji Invest, said, “We are excited to partner with Bharat Forge, a premier engineering and manufacturing conglomerate in the country. Collaborating with leading conglomerates on their growth and consolidation journey is one of our strategic pillars. Through our investment in JSA, we look forward to jointly building a leading ferrous casting platform in the country.”

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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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