The board of directors of Sundram Fasteners Limited has announced the unaudited financial results for the quarter and half-year ended 30 September 2024.

The revenue from operations was recorded at INR 12.88 billion during the second quarter of FY2024-25 as compared to INR 12.31 billion in the corresponding quarter of last fiscal.

The domestic sales for the quarter ended 30 September 2024 were of INR 8.60 billion as compared to Rs 8.59 billion during the corresponding quarter in the last fiscal.

The export sales for the quarter ended 30 September 2024 were INR 3.89 billion as compared to INR 3.37 billion during the corresponding period in the last fiscal, marking a growth of 15.4 percent.

The company registered an EBITDA of INR 2.25 billion during the quarter ended 30 September 2024 as compared to an EBITDA of INR 2.05 billion in the corresponding period of last fiscal.

The export led growth and stable commodity prices contributed to the expansion of EBITDA margins from 16.6 percent to 17.3 percent.

The Profit before Tax (PBT) for the quarter ended 30 September 2024 was INR 1.75 billion as compared to INR 1.58 billion during the corresponding period in the last fiscal, registering an increase of 11.0 percent.

The net profit for the quarter ended 30 September 2024 was at INR 1.30 billion as compared to INR 1.18 billion during the corresponding quarter of last fiscal, registering an increase of 10.5 percent.

Earnings per share for the quarter ended 30 September 2024 amounted to INR 6.22 as compared to INR 5.63 in the corresponding period last fiscal. 

The Company has incurred INR 2.38 billion as capital expenditure for the half-year ended 30 September 2024, in line with its planned capital expenditure of INR four billion for FY2024-25. These investments will help the company to scale in non-auto, EV, hybrid and adjacent spaces, according to the company sources.

The Company has incurred INR 2.38 billion as capital expenditure for the half-year ended 30 September 2024, in line with its planned capital expenditure of INR four billion for FY2024-25. These investments will help us scale in non-auto, EV, hybrid and adjacent spaces, according to the company sources.

Consolidated Financials
The Company’s consolidated revenue from operations posted for the quarter ended 30 September 2024 was INR 14.86 billion as compared to INR 14.21 billion during the corresponding quarter of last financial year. 
The consolidated net profit for the quarter ended 30 September 2024 was INR 1.43 billion compared to INR 1.33 billion during the corresponding period in the last fiscal. 
The consolidated earnings per share (EPS) for the quarter ended 30 September 2024 amounted to INR 6.78 as compared to INR 6.28 in the corresponding period last fiscal. 
 
H1 FY2024-25 results
The revenue from operations was at INR 25.99 billion for the half-year ended 30 September 2024 as compared to INR 24.48 billion during the corresponding period in the last fiscal. 
The domestic sales for the half-year ended 30 September 2024 were at INR 17.16 billion as compared to INR 16.82 billion in the corresponding period of the last fiscal. 
The export sales for the half-year ended 30 September 2024 were INR 8.11 billion as compared to INR 6.85 billion during the corresponding period in the last fiscal, registering a growth of 18.5 percent. 
The net profit for the half-year ended 30 September 2024 was at INR 2.62 billion compared to a net profit of INR 2.31 billion during the corresponding period in the previous fiscal, registering an increase of 13.5 percent.
The company’s consolidated revenue from operations posted for the half-year ended 30 September 2024 was INR 29.83 billion as compared to INR 28.32 billion during the same period in the previous fiscal. The consolidated net profit for the half-year ended 30 September 2024 was INR 2.86 billion as compared to net profit of INR 2.61 billion during the same period in the previous fiscal. 
The board at its meeting held today declared an interim dividend of INR 3.00 per share (300 percent) for FY2024-25. 
 

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JK Tyre & Industries Ltd launched four new OTR tyres at Bauma Conexpo India 2026. These include the 12.5/80-18 MPT 45 16PR TL for self-loading concrete mixers (SLCM) and backhoe loaders. The 16/70-20 MPT117 14PR TL for SLCM and telehandler applications. The 18-19.5 MPT117 18PR TL for SLCM applications, and the 12.00R20 JDO XD OTR 22PR 156/153F TT for mining tippers. The latest additions further strengthen JK Tyre’s premium OTR portfolio with application-engineered solutions developed for the evolving requirements of India’s construction, infrastructure and mining sectors.
 “India’s infrastructure and industrial growth is creating a growing need for high-performance, reliable and application-specific mobility solutions. At JK Tyre, we are committed to developing OTR solutions that address the specific needs of our customers and the demanding conditions in which their equipment operates. Our latest range combines durability, reliability and performance to help customers maximise equipment uptime and operational efficiency. As we continue to strengthen our premium OTR portfolio, we remain committed to delivering solutions that create value for our customers and support the growth of India’s construction, infrastructure and mining sectors,” said Srinivasu Allaphan, Director - Sales & Marketing, JK Tyre & Industries Ltd.  
He pointed at the MPT 45 pattern and mentioned that it has been developed to deliver strong traction and stability, making it suitable for SLCMs and backhoe loaders operating across mixed terrain. “The MPT117 pattern has been designed for versatile construction and material-handling operations, offering strong grip, improved durability and reliable performance for SLCMs and telehandlers,” Allaphan explained. 
The new products have been developed keeping Indian operating conditions in mind and are designed to help customers maximise machine performance while improving operational efficiency. The focus is on durability, high load-carrying capability and extended service life. 

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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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