Setco Automotive Limited, one of India’s largest manufacturers of MHCV clutches and a premium supplier of truck components, has announced the successful shipment of flywheels and covers, manufactured by its subsidiary Lava Cast, to the US market.

The consignment contains covers made for aftermarket distributors and remanufacturers as well as flywheels made for the top auto and auto auxiliary companies in the US. As Setco seeks to take advantage of the rising demand for premium automobile components in global markets, this shipment marks an important turning point in the company's exporting history.

A key factor in the fabrication of these flywheels and covers was Setco's state-of-the-art Lava Cast facility, which has a fully automated production line. Precision, consistency and cost-effectiveness are guaranteed by the facility, giving it a competitive advantage in international markets. Setco intends to expand its global operations for castings, clutches and flywheels through Lava Cast, which may significantly boost the business's total earnings.

Harish Sheth, Chairman & MD, Setco Automotive Ltd, said, “This recent export shipment is a testament to our strategic initiatives and relentless efforts over the past few years. The competitive edge of our Lava Cast products, coupled with the higher margins offered by export markets, positions us strongly for sustained growth. We firmly believe the worst is behind us, and now is the time to reap the rewards of our hard work. As we expand our presence in both domestic and international markets, we remain committed to delivering superior quality and innovative solutions to our customers worldwide.”

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German technology major Continental has announced the sale of its ContiTech Original Equipment Solutions (OESL) business to Regent, as part of its strategy to narrow the focus of its ContiTech group on industrial clients.

OESL, which develops and manufactures hose lines and bearing elements for both internal combustion and electric vehicles, employs over 16,000 people and generated approximately EUR 1.9 billion in sales in fiscal year 2024.

This is in line with the company's plan, outlined at its Capital Market Day in June, to establish four strong and independent business units.

Philip Nelles, Member of Continental’s Executive Board and Head of the ContiTech group, said, "The decision to sell OESL is part of our broader strategy to intensify our focus on our industrial business. Going forward, ContiTech will be a standalone specialist for material solutions with a strong focus on industry. Given the dynamic market environment, concentrating on industrial business is the cornerstone of our strategy. Following the sale of OESL, ContiTech will generate around 80 per cent of its sales with industrial customers. Our customer portfolio is highly diversified, both by industry and by region."

Michael A. Reinstein, Founder and Chairman, Regent, added, “With its attractive product portfolio and extensive automotive expertise, OESL has a strong foundation and excellent growth prospects. As a long-term, strategically oriented owner, we will work closely with management to drive the transformation to sustainable, future-oriented mobility solutions and harness OESL’s potential to enhance value. This will create meaningful opportunities for our employees around the world.”

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Indian-origin lubricant manufacturer NDTH Energy has significantly advanced its global standing with the Volvo VDS-3 approval for its EnerG G Force XL engine oil. This prestigious certification confirms the lubricant's compliance with some of the most stringent international performance standards for heavy-duty engines, specifically in areas like extended oil drain intervals, superior engine wear protection and enhanced fuel efficiency for commercial vehicles.

This achievement is a major endorsement, positioning NDTH among a select group of global lubricant companies and greatly strengthening the product's acceptance worldwide. It follows another notable milestone for the company, which was the first from the country to secure the demanding Mercedes-Benz MB 229.51 and MB 229.52 certifications for its fully synthetic engine oil. These accomplishments collectively underscore the company's consistent ability to develop products that meet exacting original equipment manufacturer specifications.

Complementing its innovation in lubricants, NDTH Energy has also formed a strategic partnership with German additive specialist GAT GmbH. This collaboration has introduced the GAT X EnerG line of automotive care products, including fuel system cleaners and engine flushes, to the Indian market. This initiative supports the national Atmanirbhar Bharat mission by elevating domestic capabilities in the automobile sector.

Navkaran Singh Sethi, Founder, NDTH Energy, said, “This achievement is a proud moment for NDTH Energy as an Indian-origin brand making its mark on the global stage. The Volvo VDS-3 approval underscores our commitment to engineering excellence, quality and sustainability while showcasing the capability of Indian manufacturers to meet the most rigorous international standards.”

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Aligarh-headquartered automotive component maker Pavna Industries is forming a a 80:20 joint venture with Taiwan-based SmartChip Microelectronic Corporation (SMC).

As per the understanding, Pavna will undertake and carry on the business of inter-alia making electronic components for the automobile industry (ICE & EV) and other industries, including hardware for residential/commercial industries, aero and medical, among others in India.

The JV will leverage Pavna’s operational, manufacturing and procurement expertise, as well as its deep understanding of the Indian automotive market, to oversee and manage the operations in India.

On the other hand, SMC will contribute its present and future technical skills, innovations and R&D capabilities in automotive e-lock systems, EV components like motor controller, throttle body, dashboard for two-wheeler & three-wheeler, EV charging piles and e-locking solutions for residential and commercial applications. SMC’s engineering and product development expertise will ensure the JV remains technologically advanced and globally competitive.

Swapnil Jain, Managing Director, Pavna Industries, sai,d "This strategic partnership is an important milestone on our path to emerging as a mobility solutions leader in advanced technologies. By merging Pavna's manufacturing and market capabilities with SMC's state-of-the-art electronics knowledge, we expect to speed up the penetration of EV technologies in India as well as grow into new high-growth markets. With this partnership, we will also further enhance our capacity to serve domestic and global markets with innovative, dependable, and sustainable solutions."

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Gulf Oil Lubricants India Limited, a Hinduja Group company, has announced its unaudited financial results for the quarter ended 30 June 2025, reporting its highest-ever quarterly volume, revenue, and EBITDA. The company achieved double-digit volume growth, which was more than three times the industry growth rate. Consolidated quarterly revenue exceeded INR 10 billion for the first time.

On a standalone basis, the company's revenue from operations was INR 9.96 billion, a 12.57 percent increase YoY, with a Profit After Tax of INR 9.6 billion, up 9.81 percent YoY. Consolidated revenue reached INR 1.01 billion, an increase of 13.69 percent YoY and PAT grew by 12.90 percent to INR 951.7 billion, . The company's EV charger subsidiary, Tirex, also saw significant growth, with its revenue for the quarter increasing by over 163 percent.

Strategic Developments and Outlook

The Board of Directors has approved an INR 550 million capital expenditure (Capex) plan to increase manufacturing capacity by 70 percent, from 140 million litres to 240 million litres. This expansion will be spread over two years and is a key strategic initiative to support the company’s growth ambitions. The Silvassa plant's capacity will increase by 55 percent to 140 million litres, while the Chennai plant's capacity will double to 100 million litres.

Ravi Chawla, Managing Director and CEO, Gulf Oil, said, “The year began on a strong note, delivering yet another market leading performance achieving double-digit volume growth of 11% during the quarter, clearly over 3x the industry growth rate. This underscores the strength of our brand and continued trust of our consumers. Our EV charger subsidiary, Tirex, continued to perform well and closed the quarter with over 163 percent growth in topline catering to broader customer base."

Manish Gangwal, CFO, Gulf Oil, added, "We are quite excited to see our consolidated revenue crossing INR 10 billion as we concluded the quarter with highest-ever volume, revenue and EBITDA, driven by strong strategic execution resulting in profitable, volume-led growth.” He also noted that the company's operating profit for the quarter was Rs. 126.58 crores, a growth of 8.9% over the same period last year.

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