Automotive supplier BorgWarner has secured extensions for multiple high-voltage inverter programs with a European original equipment manufacturer (OEM). The contract covers inverter designs for plug-in hybrid and 800V battery-electric vehicle platforms, with the start of production planned for 2029.

Under the agreement, BorgWarner will supply updated high-voltage inverters for plug-in hybrid vehicles incorporating its Application-Specific Integrated Circuit (ASIC) technology, configured to interface with the OEM's vehicle operating system.

For 800V battery-electric applications, the company will supply traction inverters utilising its Viper silicon carbide (SiC) power switches paired with a dual-sided-cooled power module.

Isabelle McKenzie, President and General Manager, BorgWarner PowerDrive Systems, said, “Extending several high-volume programs at the same time confirms BorgWarner's leading position in power electronics and the strength of our technology, in-house expertise and customer focus. Evolving our inverters generation by generation together with our customers, for both hybrid and fully electric applications, is how we build trusted, long-term partnerships with the world's leading OEMs.”

The inverter families are developed to support power management across both hybrid and electric drive architectures.

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Automotive tier 1 supplier Uno Minda has announced its financial results for Q1 FY2027, achieving INR 55.57 billion in consolidated revenue, up 26 percent YoY. Last year, the company attained normalised revenue of INR 44.20 billion (i.e. excluding prior period income of INR 690 million) in Q1FY2026.

The EBITDA came at INR 5.72 billion, net profit of INR 2.96 billion, up 24 percent YoY.

This company witnessed growth across its core product offerings, including switches, lighting, alloy wheels, seating, as well as its new-age EV systems and alternate fuel divisions.

Ravi Mehra, Managing Director, Uno Minda, said, “Q1 FY27 reinforces Uno Minda’s strategic trajectory as we continue to outperform the broader automotive market. The ongoing shift toward vehicle premiumisation, connected mobility, and electrification is fundamentally elevating per-vehicle content across segments. By aligning our R&D roadmap with these structural industry shifts and accelerating execution across our new-age platforms, we are not just participating in market growth—we are driving the technological evolution of the vehicle cabin. Backed by disciplined capital deployment and expanding capacity, we are exceptionally well-positioned to lead the next phase of mobility innovation”

Sunil Bohra, CFO, Uno Minda, added, “Q1 FY27 marks a historic milestone for Uno Minda, as we delivered our highest-ever quarterly revenues with 26% YoY growth and a 24% increase in PAT. While we navigated a challenging commodity pricing environment during the quarter, underlying demand across the automotive sector remains strong. Our resilient performance reflects the strength of our technology leadership, product diversification, and focus on operational efficiencies. Driven by multiple growth initiatives, strategic investments, and increasing momentum in our new-age businesses, we remain confident of delivering sustainable, profitable growth while creating long-term value for our shareholders and other stakeholders.”

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Automotive cable and shifter manufacturer Remsons Industries has appointed Rahul Prabhakar Desai as its new Chief Executive Officer, effective 3 August 2026. He succeeds Amit Srivastava, whose resignation takes effect at the close of business hours on 4 September 2026.

Desai comes with three decades of experience in automotive manufacturing, including 17 years in executive roles. Before joining Remsons Industries, he was Executive Director and Chief Executive Officer at Pinnacle Industries, overseeing five manufacturing facilities.

He previously served as Chief Executive Officer at CIE India, managing multiple business divisions and ten manufacturing plants, and held leadership positions at GKN Sinter Metals and Inteva Products.

Throughout his career, Desai has managed greenfield plant setups, manufacturing optimisation projects and supply partnerships with original equipment manufacturers. He holds a bachelor's degree in mechanical engineering, a Six Sigma Black Belt certification and has completed executive management training at the Indian Institute of Management Ahmedabad alongside technical programs in Japan and the United States.

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Pune-headquartered tier 1 supplier Varroc has appointed Eric Hamon as Chief Technical Officer, effective 3 August 2026. He joins the company with 25 years of engineering experience across the automotive sector.

Hamon comes with experience in electrification, electrical and electronic architectures, software-defined vehicle platforms, embedded software, functional safety and cybersecurity operations.

Before joining Varroc, Hamon was Director – E Axle & System Platforms at Valeo E, where he managed product strategy for electric axle platforms. His career includes work in system engineering, embedded hardware and software development, electric powertrains and regional engineering operations.

In his new role, he will report to Arjun Jain, Whole Time Director & CEO - Business I at Varroc. He will lead the company's global technology and engineering organisation, taking charge of technology strategy, product portfolio optimisation in electrification & connected systems and engineering process development.

Arjun Jain said, "We are delighted to welcome Eric Hamon to Varroc's leadership team. Eric brings a rare combination of deep technical expertise, global engineering leadership and a proven ability to translate technology into vehicle requirements. As our industry accelerates towards electrification, connectivity and sustainability, his leadership will play a pivotal role our accelerating growth."

Eric Hamon said, "I am excited to join Varroc at such a transformative time for the global automotive industry. The pace of innovation in electrification, software and connected mobility presents tremendous opportunities to redefine the future of mobility. Varroc has built a strong foundation of engineering excellence, customer trust and global manufacturing capability, and I look forward to working with talented teams across the world to accelerate innovation, deepen customer collaboration and develop technologies that enable safe, smart and sustainable mobility."

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Mechatronics company Matel Motion & Energy Solutions (Matel) has raised Rs 1.3 billion in a Series B funding round led by UC Impower, along with new investor Catamaran and participation from existing backer Transition VC.

Founded in 2017, Pune-based Matel develops motors, motor controllers and integrated powertrains for automotive and industrial uses, including electric vehicles, pumping and cooling systems. The company manufactures permanent magnet synchronous motor (PMSM)-based IE5 industrial motors and is developing an IE6 product line. It also produces magnet-free motor designs to mitigate supply chain reliance on raw materials. Matel supplies components to original equipment manufacturers in two-wheeler, three-wheeler and industrial sectors.

The capital will be used to expand manufacturing capacity, advance research and development infrastructure, enlarge product offerings for commercial electric vehicles, and expand international distribution channels.

Sunil Patel, Founder and Chief Executive Officer, Matel, said, "Securing this funding is a significant milestone for Matel, but more importantly, it is a testament to the incredible hard work of our team and the trust our early customers have placed in us. We founded Matel to address a major vacuum in Indian industries by delivering locally designed and developed energy-efficient mechatronics products and this investment allows us to double down on our mission. With this capital, our primary focus will be accelerating our product roadmap with advanced R&D infrastructure and expanding state-of-the-art manufacturing set-up. We are thrilled to welcome New Investors (UC Impower and Catamaran) as our new partners in this journey, and we are deeply grateful to our existing investors (Transition VC, Gruhas and Haresh Abichandani) for their continued belief and support from day one."

Netaji Patro, Co-Founder and Chief Marketing Officer, Matel, said, “We are incredibly excited and grateful for the trust our investors have placed in our vision. The unwavering commitment of our existing investors, who have chosen to double down and reinvest in this round, is the ultimate vote of confidence in our growth trajectory. In addition to R&D, and manufacturing capacity expansion, this capital will support expanding our product range and entry into the Electric CV segment as well as broadening the company's international footprint to acquire new customers worldwide.”

Richa Natarajan, Co-Founder and Partner, UC Impower, said, "Energy efficiency will be one of the defining themes of the next industrial cycle, and companies that own core technology will create disproportionate value. Very few companies combine deep motor technology, power electronics and software into a single platform - and fewer still have translated that capability into products being adopted by leading OEMs. Matel has done both. We believe the company is building category-defining technology for the future of electrification, with the potential to become a global leader in energy-efficient motion systems. We're excited to partner with Sunil, Netaji and the team as they build an enduring technology company from India."

Shantanu Chaturvedi, Partner at Transition VC, said, “Matel isn't just a motor manufacturer; they have demonstrated the ability to be an integrated drive solutions platform across segments like Industrials, EV, Auto ancillary and multiple others. We saw Matel having the capability to build the platform the world needs when we earlier invested, and that is exactly how this has panned out, making doubling down in this round a no-brainer. Super excited to work with the incredible team.”

Deepak Padaki, President, Catamaran, said, "Catamaran's investment in Matel reflects our continued conviction in India's precision engineering and advanced manufacturing ecosystem, and marks a deepening of our exposure to companies building core, IP-led hardware technology. Matel is in mission mode, and we are confident of its ability to scale given its engineering talent, in-house R&D, process expertise and OEM traction. We look forward to supporting Sunil, Netaji and the team on their journey."

The management team is led by Patel, who previously headed the Chetak EV development program at Bajaj Auto and Patro, who held research and development leadership positions at Maruti Suzuki India and Bajaj Auto.

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