Tier 1 supplier MAHLE has announced its financial results for 2024. The company shared despite a turbulent economic landscape and declining global sales, it ended 2024 on a resilient note with an EBIT of EUR 423 million, up from EUR 304 million in 2023, consolidated net profit saw a slight to EUR 22 million. Sales fell to EUR 11.7 billion, a 5.6 percent organic decline, driven by weak markets in Europe and North America and slower EV adoption outside China.

CEO Arnd Franz credited the gains to rigorous transformation efforts under the MAHLE 2030+ strategy, including streamlined operations, a sharper focus on electrification, thermal management and efficient combustion engines and a EUR 186 million reduction in debt.

While most business units saw declining revenues – such as a 9.9 percent dip in Thermal Management and 8.0 percent in Engine Systems – Aftermarket emerged as a bright spot with 6.2 percent growth, bolstered by strong performance in Asia-Pacific. MAHLE also improved its equity ratio to 20.1 percent, marking the first upward trend in five years, while reducing headcount in line with falling sales. The company’s innovation pipeline remained robust, with EUR 630 million invested in R&D, leading to 536 new inventions and 427 patent applications. Among 2024’s highlights was a bionic high-performance fan that cuts noise by half in electric and fuel cell vehicles, a new evaporative cooling system for fuel cell trucks and the integration of electric drive components in heavy truck axles.

Order momentum was strong, with EUR 10.3 billion in new bookings across all strategic areas and powertrain types. These included over EUR 1 billion in battery cooling systems and electric compressors. The company also introduced a new group structure to strengthen focus areas and improve internal agility, consolidating business units and streamlining leadership. MAHLE sees promising growth potential in non-automotive applications, driven by its expertise in thermal management and compact electric motors.

Looking ahead, the company remains cautious amid geopolitical tensions and calls for clearer regulatory support for technology diversity in Europe. Franz emphasised that with the right political and economic framework, MAHLE is well-positioned to continue creating jobs and shaping a sustainable mobility future.

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The Automotive Component Manufacturers Association of India (ACMA), the apex body representing component manufacturers in the country, has appointed Sriram Viji, Managing Director, Brakes India, as President for the 2026–27 term.

The industry body also named Anjali Singh, Executive Chairperson of ANAND Group and Gabriel India, as President-Designate. 

Vinnie Mehta, Director General, ACMA, said, “We are delighted to welcome Mr. Sriram Viji and Mrs. Anjali Singh to their new roles. Their rich industry experience and strategic vision will guide ACMA as the sector navigates geopolitical uncertainty and the evolving mobility landscape. I am confident that their leadership will strengthen our engagement with Government and industry partners to diversify supply chains, improve access to critical raw materials and enhance India’s global competitiveness.” 

Sriram Viji, President, ACMA, said, “It is an honour to lead ACMA as India strengthens its position as a trusted partner in global automotive value chains. Our priority is to deepen local capabilities and accelerate investment in advanced technologies, R&D and innovation, while embedding sustainability across the industry. As electric, connected and new-energy mobility create fresh opportunities, we must move beyond adapting to change to shaping it. Together with our members, we will work to position India as a global hub for high-value manufacturing and next-generation mobility solutions.”

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German automotive supplier MAHLE has established an e-compressor production facility in Coimbatore, which it claims makes it the first company to manufacture the component in India.

The German firm has invested EUR 7 million in the site to produce e-compressors, which regulate thermal management, battery life, charging speeds and driving range in electric vehicles.

The production line has a capacity of over 300,000 e-compressors annually to supply domestic and international vehicle manufacturers. The launch creates 50 jobs, aligning with the Indian government's ‘Make in India 2.0’ manufacturing initiative.

The Coimbatore facility already produces starter motors, alternators, controllers and traction motors for two-wheelers and three-wheelers. Following the setup of an R&D facility in 2023 for product validation, MAHLE has outlined plans for women to represent 75 percent of the plant's total workforce by 2027.

The company entered India in 1958 through a piston manufacturing joint venture and now has expanded its operation across 15 locations in the country with 5,900 employees.

Ivan Lenehan, Vice-President, MAHLE Powertrain and Charging, India, China & East Asia, said, “India continues to play an increasingly important role in the global mobility transformation. This facility strengthens our presence in one of the world’s most dynamic automotive markets and reinforces our commitment to sustainable mobility solutions.”

Milind Mhaiskar, MD, MAHLE Electric Drives India, said, “This production facility underscores our focus on localisation and customer-centric innovation. The success of this project reflects the dedication of our teams and our collaborative approach with business partners.”

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Delhi NCR-based fluid transmission provider Imperial Auto has appointed Sandeep Bathla as its new Chief Global Operations Officer.

In his new role, Bathla will oversee manufacturing operations and direct programs to update automation, expand production capabilities and streamline supply-chain networks across company facilities. He will report to Vikram Wagh, Managing Director and Chief Executive Officer, Imperial Auto.

Bathla brings over three decades of industry experience to the role and previously served as Executive Director and Chief Operating Officer at Plasser India, following management roles at Blue Star, Motherson Sintermetal Technology and Eicher Tractors. He holds a Bachelor of Engineering in Mechanical Engineering from NIT Kurukshetra and a PhD from European International University, Paris.

Vikram Wagh said, “As Imperial Auto continues to scale its operations and strengthen its position in global markets, building a future-ready and high-performing manufacturing organisation will be critical. Sandeep brings extensive experience across manufacturing and the automotive industry, along with a strong understanding of operational excellence. His leadership will be instrumental in enhancing our manufacturing capabilities, improving responsiveness and creating greater value for our customers.”

The executive change aligns with Imperial Auto's plans to expand its international manufacturing footprint and engineering capabilities.

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Tier 1 automotive supplier Lumax Auto Technologies, part of the DK Jain Group, has further strengthened its management team by onboarding Ambarish Kumar Gupta as the new Vice-President – Operations.

Gupta comes with over two decades of experience in the automotive industry, with senior roles across financial operations.

The industry executive has worked with the likes of Forvia Faurecia, Marelli, Brose, Magna Steyr, Infosys, L&T Technology Services, BlueBinaries Engineering & Solutions and PGUB Management Consulting, among others.

In his new role, he will be responsible for advancing futuristic automotive electronics, strengthening operations and making the company future-ready.

Gupta will also support Lumax Auto Technologies’ innovation, technology and operational excellence roadmap.

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