Tier 1 supplier Lumax Auto Technologies has signed an agreement to acquire the remaining 25 percent stake in IAC International Automotive India (IAC India) from the International Automotive Components Group (IAC Group).

It was in March 2023, Lumax had acquired 75 percent stake in IAC India and now plans to merge it with its operations. At present, IAC India is a key components supplier to OEMs such as Mahindra & Mahindra, Maruti Suzuki India, Volkswagen and Volvo Eicher Commercial Vehicles among others. Interestingly, IAC India is the sole supplier of integrated cockpits and door panels for Mahindra’s BE6 and XEV 9e.

IAC India has five manufacturing plants across the country including two in Chakan, Pune and one each in Manesar, Nashik and Bangalore. The company also has an in-house Engineering centre in Pune with key capabilities in product designing and engineering, dimensional engineering, product development, program management and tooling development. The Engineering centre has a team of 330 engineers and designers with Global experience catering to all tool development requirements from customers as well as from its global sister concerns.

Deepak Jain, Chairman, Lumax Group, said, “The consolidation will strengthen our strategic vision and enable future growth, building on the strong foundation to drive continuity, performance and scalability. This development marks a significant milestone in our journey towards long-term value creation and providing comprehensive solutions across lighting, plastics and interiors. It also reinforces its strategic position within IAC India and expands our footprint on major electric vehicle platforms of leading OEMs such as Mahindra & Mahindra, emphasising our commitment to the future of sustainable mobility.”

Anmol Jain, Managing Director, Lumax Auto Technologies, added, “This strategic move will further strengthen Lumax Auto Technologies’ foothold in four-wheeler automotive plastics. This further integration will allow for better cost optimisation and rationalisation of resources, potentially creating financial flexibility at the parent level to pursue future strategic, inorganic opportunities that align with our long-term vision.  In addition, it will accelerate innovation and enhance our value proposition per vehicle that is seeing a shift towards improved interiors in passenger vehicles.”

IAC Group will continue to support IAC India through a technology support agreement.

Comments (0)

ADD COMMENT

Link Copied!

Pune-headquartered automotive component supplier Varroc Engineering and French battery system manufacturer Forsee Power have joined forces to produce electric vehicle battery packs in India.

Under the terms of the transaction, Varroc will acquire a 45 percent equity stake in Forsee Power's Indian subsidiary, Forsee Power India and will assume management and operational control of the entity.

Varroc will also subscribe to Optionally Convertible Redeemable Preference Shares to provide growth capital for the joint venture, subject to regulatory and corporate approvals. The joint venture will initially focus on battery pack development for three-wheeled electric vehicles, before expanding into two-wheelers, light commercial vehicles, buses, trucks and industrial equipment.

The agreement combines Forsee Power's battery system architecture and software with Varroc's component manufacturing, engineering infrastructure and vehicle manufacturer supply relationships across domestic assembly operations.

Arjun Jain, Whole Time Director and CEO – Business I, Varroc, said, "Electric mobility is both evolving and growing rapidly, thus creating new opportunities and new requirements for the automotive industry. Through this evolution we believe OEMs will need partners who can anticipate changes and translate them into reliable, cost-effective solutions at scale. Our partnership with Forsee Power brings together complementary strengths in battery-system technology, automotive engineering, manufacturing and customer relationships. It represents an important step in expanding Varroc’s portfolio to address the evolving needs of our market and the future of mobility. This will further enhance addressable content per electric vehicle in all the segment."

Christophe Gurtner, Chairman and CEO, Forsee Power, said, "With the rapid growth of electric mobility adoption in India, the opportunity is clear and we are ready to scale. Joining forces with Varroc combines our battery technology with local industrial strength and customer access. Three-wheelers are our starting point, with a clear ambition to expand across two-wheeler, commercial and industrial vehicles."

Comments (0)

ADD COMMENT

Link Copied!

German technology company AUMOVIO will showcase a portfolio of braking, rider assistance and connectivity solutions for motorcycles and powersports vehicles at EICMA 2026 in Milan, scheduled from 3 to 8 November 2026.

The company's showcase centres on the launch of the MK 120 MAB brake system, which extends AUMOVIO's braking product line beyond two-wheeled applications. The system is engineered for three-wheeled scooters, side-by-side vehicles, utility terrain vehicles and all-terrain vehicles.

It integrates vehicle stability functions derived from passenger car and motorcycle architectures, including active yaw control and wheel lift mitigation, to assist vehicle control across varied terrain.

In addition to the MK 120 MAB, AUMOVIO will display its Motorcycle ABS 2.3 Base unit featuring an optional inertial measurement unit, alongside the MiniMAB EVO system designed for small-displacement scooters and commuters.

The company's display also features radar sensors for adaptive cruise control and blind-spot detection, digital instrument clusters ranging from 4 to 8.8 inches, a standalone Connected Infotainment Box and automated manual transmission control units.

The hardware, software and electronic systems on display utilise automotive development, cybersecurity and production standards adapted to motorcycle and powersports operational environments.

Comments (0)

ADD COMMENT

Link Copied!

Auto component manufacturer Eastman Auto and Power has appointed Rajesh Jindal as Chief Executive Officer.

He comes with over 34 years of corporate experience spanning sales, marketing and product management, following a 24-year tenure at Amara Raja Energy and Mobility, where he most recently served as Chief Marketing Officer for automotive batteries in India.

Jindal holds a bachelor's degree in mechanical engineering alongside a Master of Business Administration qualification. During his career, he has managed distribution networks, channel partner relations and go-to-market strategies within the energy storage and automotive component sectors.

Shekhar Singal, MD, Eastman Auto and Power, said, "With over 34 years of experience, Jindal has garnered experience in sales, marketing and product development and is well-positioned to accelerate Eastman’s growth journey. As he begins this new chapter at Eastman, we look forward to his leadership in deepening our commitment for delivering sustainable value for our customers, partners, employees and stakeholders - advancing the company's long-term growth aspirations and inspiring the organisation to achieve new milestones together."

Established in 2000, Eastman Auto and Power operates across three business verticals: last-mile electric mobility solutions, residential solar storage systems and energy storage solutions.

The company employs over 3,600 personnel across seven manufacturing plants in India, supported by a distribution network of more than 1,200 direct partners and over 400 original equipment manufacturer clients worldwide.

Comments (0)

ADD COMMENT

Link Copied!

Kuraray America, Inc. (KAI) recently took part in the SAE International Thermal Management Systems Symposium, held on 6–7 October 2026 in Dearborn, Michigan. The event gathered mobility-industry professionals to discuss technologies and emerging challenges in vehicle thermal management. Throughout the two-day symposium, the Kuraray GENESTAR team connected with attendees at Booth #19, sharing insights into high-performance engineering materials.

The team demonstrated how GENESTAR PA9T can meet demanding automotive application requirements. This heat-resistant polyamide engineering plastic was developed by Kuraray using unique monomers, combining low water absorption, high heat resistance, chemical resistance, dimensional precision and excellent moldability. It also offers electrical properties suitable for demanding electrical and electronic applications, including low water absorption, chemical resistance, moldability, insulation performance, thermal resistance and dimensional stability.

These characteristics make GENESTAR relevant for a broad range of electrical, electronic and automotive components. Kuraray lists automotive applications including connectors, relays, insulators and wire harnesses, while GENESTAR materials also serve in sliding, fuel and air-intake systems. The company reports use in automotive gears, bearings, piping and intercooler tanks, and the material is being considered for electric-vehicle applications as well.

The SAE symposium provided a forum for exchanging insights into evolving thermal management technologies. The 2026 programme covered battery and electronics cooling, climate control, alternative refrigerants and vehicle thermal engineering approaches. For Kuraray, participation enabled direct engagement with engineers and industry professionals about how high-performance materials can address increasingly complex automotive design requirements, with GENESTAR PA9T offering a material option where multiple performance demands must be met simultaneously.

Comments (0)

ADD COMMENT

Link Copied!