NITI Aayog, the government’s premiere think-tank body, recently released a report titled ‘Automotive Industry: Powering India’s Participation in Global Value Chains’, which expects that the Indian automotive component industry can scale up its share in the global supply chain from the present 3 percent to 8 percent by 2030.

The report, in collaboration with Crisil, states that despite high automobile production, the components industry manages a mere 3 percent share of global trade. It estimates India’s global traded auto component market at USD 20 billion, with the global industry driven by transmission, engine components and steering systems. As part of the future opportunities, the report outlines fiscal and non-fiscal interventions to drive India’s progress in the global value chain (GVC).

It outlines that the there is a need to focus on skill development by preparing a talent pipeline for fuelling growth. It suggests cluster development to foster collaboration between firms through common facilities like testing centres and R&D to consolidate the supply chain.

Then there is the operational expenditure support to scale up manufacturing capabilities. Lastly, R&D, government-facilitated IP transfer and branding incentives in research, development and international branding for empowering MSME’s.

On the other hand, promoting foreign collaborations and JV’s, industry 4.0 adoption and improving the ease of doing business through regulatory processes, supplier discovery & development and providing worker hour flexibility were some of the non-fiscal suggestions.

It is no secret that the global auto industry is facing a sea of change. Battery manufacturing hubs seen in regions like the US and Europe are leading to a change in traditional supply chains and new opportunities for collaboration. India’s automotive industry exhibits a strong domestic and export market presence, especially in the utility vehicle and small car segments. Further, transformative shifts towards EVs, sustainability and technologies like autonomous driving, IoT (Internet of Things) make India a leading option in the GVC.

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Schaeffler, a motion technology company, will showcase its range of electrified powertrain technologies at the 13th Schaeffler Automotive Symposium in Buhl this June.

The event, themed ‘Beyond Driving. Innovation made by Schaeffler.’, will highlight solutions for the entire spectrum of drive systems, including battery electric vehicles (BEV), plug-in hybrids (PHEV), hybrid electric vehicles (HEV) and range extender applications (REEV).

In the battery electric segment, the company focuses on highly integrated and scalable systems. The key developments include system integration, which combines e-axles, drive units and software to create efficient overall systems. Scalable inverter solutions platforms with X-in-1 functionality designed for faster time-to-market and lower costs. Enhancing electric motors and bearings – such as current-insulated variants – through material efficiency and modern manufacturing. Lastly, streamlining development using new approaches to reduce product complexity and accelerate market readiness.

For the hybrid and range extender architectures, Schaeffler will present technologies designed for diverse hybrid topologies, ranging from P1 to P3 systems. These solutions include:

• Dedicated Hybrid Transmissions: An all-in-one platform for hybrid and plug-in hybrid vehicles that integrates software and mechanical components.
• Range Extenders: Systems that utilise internal combustion engines more efficiently to support the ongoing transition to electric mobility.
• Seamless Integration: High-performance actuators and sensors used to make engine operation quiet and clean for vehicle occupants.
• Platform Compatibility: Designs that can be integrated into existing vehicle architectures while meeting cost and performance requirements.

Matthias Zink, CEO, Powertrain & Chassis, Schaeffler, said, “With our Powertrain technology cluster, we will be showcasing Schaeffler’s extensive development capabilities in the powertrain segment at the Schaeffler Automotive Symposium. We offer all customers the entire spectrum of powertrain technologies – from components to functionally integrated systems.”

Thomas Stierle, CEO, E-Mobility, Schaeffler, added, “Our expertise in mechanical engineering, electronics and software enables us to develop scalable system solutions. Thanks to a consistently integrated approach, Schaeffler is developing electric powertrains that optimally combine efficiency, a compact footprint, functionality, sustainability and industrialization.”

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Sundram Fasteners has announced that it achieved its highest ever annual revenue, EBITDA and profits in FY2026. The company surpassed the INR 60 billion consolidated income milestone during this period.

For FY2026, the company’s consolidated income reached INR 63.68 billion, EBITDA at INR 1.07 billion and net profit of INR 5.92 billion.

In Q4 FY2026, the income came at INR 15.29 billion, up 12 percent YoY, domestic sales grew by 14 percent at INR 10.28 billion, net profit of INR 1.79 billion, up 34 percent YoY.

In FY2026, Sundram Fasteners incurred INR 4.04 billion in capital expenditure to expand capacity for existing business lines and new projects.

Growth was supported by momentum in non-auto segments, including wind energy, aerospace and railways. In the automotive sector, sales were bolstered by the North American Class 8 truck market and internal combustion engine (ICE) vehicle sales.

Arathi Krishna, Managing Director, Sundram Fasteners, said, “Our performance this quarter reflects the strength of our operational discipline and our unwavering focus on customer centricity. Despite a challenging global environment marked by geopolitical uncertainties, we have delivered all-time high results driven by robust domestic demand and improved efficiencies. We continue to see strong momentum in our non-auto segments such as wind energy, aerospace, and railways, which provide significant headroom for future growth. Additionally, new business wins across geographies have enabled us to further expand our global footprint. The uptick in North American Class 8 truck and ICE vehicle sales has supported growth in our automotive portfolio, while our strategic shift to directly engage with OEMs outside India in the fasteners division has enhanced both margins and market access, even amid broader industry sluggishness.”

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Tier 1 automotive supplier Sona BLW Precision Forgings (Sona Comstar) has announced its financial results Q4 FY2026 and FY2026, reporting its highest levels of revenue and profitability to date.  The company recorded growth in its electric vehicle segment, with revenue from battery electric vehicles (BEVs) contributing 39 percent share for FY2026.

For Q4 FY2026, the revenue grew by 47 percent YoY to reach INR 12.72 billion, EBITDA at INR 3.11 billion, up 32 percent YoY, PAT at INR 1.92 billion, an uptick of 17 percent YoY. Interestingly, revenue from battery electric vehicles program reached INR 3.59 billion, marking a 22 percent YoY increase.

During the quarter, the company secured four driveline programs. This included three orders from European manufacturers, marking the first time the firm has won three such contracts in a single quarter. These programs include:

• North American BEV Program: An order from a European manufacturer to supply gears, adding INR 2.2 billion to the order book.
• European BEV Program: A contract from a luxury manufacturer for assemblies, valued at INR 1.4 billion.
• Hybrid Platform: An INR 1.2 billion order from a European client for assemblies.
• Indian BEV Platform: An INR 1 billion order to supply assemblies for the Indian market.

For the full financial year, Sona Comstar recorded revenue of INR 44.75 billion, up 26 percent as compared to FY2026.  EBITDA for the year stood at INR 11.07 billion with a margin of 24.7 percent. The company expanded its portfolio by adding nine new electric vehicle programs and three customers, bringing its total to 67 programs across 35 customers.

Vivek Vikram Singh, MD & Group CEO, said, “Q4 FY26 was our strongest quarter financially and an important step forward in our strategic and technology roadmap, with new customers added in Europe and two new railway products commercialised. We delivered our best-ever quarter, with the highest revenue, EBITDA, PAT, BEV revenue and BEV revenue share. Revenue grew by 47 percent YoY, primarily driven by growth in EV traction and suspension motors, differential gears, differential assemblies along with consolidation of railway business. BEV revenue grew 22 percent YoY and BEV revenue share reached an all-time high of 39 percent. During the quarter, we won four driveline orders which includes three EV programs and one hybrid program. For the first time, we won three orders from European OEMs, and this is our first EV program win from Europe in almost four years. The hybrid program wins reinforce our view that hybrids are an opportunity for us, not a risk.”

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Tier 1 component and technology company Schaeffler India has announced its financial results for the Q1 CY2026, maintaining double-digit growth momentum across its primary business segments.

For Q1 CY2026, the company reported an 18.8 percent YoY uptick in revenue at INR 25 billion with a net profit margin of INR 3.19 billion, up 19.3 percent YoY.

The company attributed the robust results to strong performance in Automotive Technologies and Vehicle Lifetime Solutions, which fuelled stable earnings quality to increased localisation and improved capital efficiency.

While revenue grew significantly compared to the same period last year, it saw a marginal decline of 5.1 percent compared to the preceding quarter (Q4 CY2025).

Harsha Kadam, Managing Director and Chief Executive Officer, said, “We are pleased to report continued strong growth momentum across all our business segments. Automotive Technologies, Vehicle Lifetime Solutions, and Exports delivered robust double-digit growth, driven by successful business wins in our key focus areas. Despite ongoing supply chain challenges and inflationary headwinds, we successfully maintained the quality of our earnings. This reflects the effectiveness of our strategic focus on localisation and capital efficiency. We remain fully committed to achieving our financial and operational targets, capitalising on market opportunities and delivering consistent value to our stakeholders.”

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