Tier 1 automotive supplier Tata AutoComp Systems, through its British subsidiary Artifex Interior Systems (Artifex), has signed a conditional agreement to acquire 100 percent stake in IAC Group (Slovakia).

The move is part of Tata AutoComp’s strategy to further strengthen its capabilities and expand its presence in the UK and EU markets. 

Arvind Goel, Vice-Chairman, Tata AutoComp, said, “The acquisition of IAC Slovakia will mark a significant milestone in Tata AutoComp’s global growth journey. Following our earlier acquisition of Artifex, this step strengthens our European presence and reflects our commitment to serving global OEMs more effectively. IAC Slovakia’s strong operational excellence, skilled workforce, and strategic location will enhance our ability to deliver high-quality interior systems. This move supports our vision to be a trusted and value-driven partner in the global automotive supplychain.”

Manoj Kolhatkar, MD & CEO, Tata AutoComp, said, “We see strong synergy between IAC Slovakia’s capabilities and our existing European operations, which will enable faster integration and value delivery to OEM customers.”

Alan Fennelly, Chief Executive Officer, Artifex, said, “We are excited to welcome IAC Slovakia into the Artifex family. This expansion is a pivotal step in our journey to become the valued partner of choice. It strengthens our expertise in automotive interior systems, expands our capabilities, and opens the door to new partnerships and broader markets. I’m excited about what we’ll achieve together.”

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Tier 1 supplier Uno Minda has reported a robust INR 44.89 billion in revenue in Q1 FY2026, up 18 percent YoY, as compared to INR 38.18 billion last year.

The EBITDA came at INR 5.43 billion with a margin of 12.1 percent, as against INR 4.08 billion and a margin of 10.7 percent for the same period last year. The net profit grew by 46 percent at INR 2.91 billion.

Ravi Mehra, Managing Director, Uno Minda Group, said, “The automotive industry is undergoing a seismic transformation – driven by electrification, digitalisation, safety and premiumisation. At Uno Minda, we have embraced this change with agility and vision, positioning ourselves as a key enabler of next-generation mobility solutions. Our performance in Q1 FY26 reflects not only strong execution but also the growing relevance of our innovation-led portfolio across emerging technologies. We continue to invest in future-ready capacities, strategic partnerships, and R&D capabilities across India and overseas to deepen our technology leadership and enhance our value proposition to customers. We are confident that our continued emphasis on technology, quality, and customer-centricity will shape Uno Minda’s next phase of sustainable and inclusive growth.”

Sunil Bohra, CFO, Uno Minda Group, said, “We are pleased to report a strong start to FY26 with robust top-line and bottom-line performance across key product segments. The 18% year-on-year revenue growth reflects the strength of our diversified portfolio, deep customer relationships, and our continued ability to outperform the industry. Our strategic investments in emerging technologies like EV components, ADAS, sensors, and advanced electronics are beginning to yield tangible results, further strengthening our position as a future-ready automotive solutions provider. As we move forward, we remain committed to disciplined capital allocation, margin stability, and accelerating localisation efforts to create long-term value for all stakeholders.”

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Bharat Forge, a leading engineering and manufacturing company in India, has announced its financial results for Q1 FY2026, which saw its revenue at INR 21.05 billion. The net profit came at INR 3.39 billion, EBITDA at INR 6.82 billion with a margin of 17.5 percent.  

The company attributed that it maintained a healthy financial performance despite challenging export market conditions, but resilient performance driven by strong domestic demand and strategic order wins.

During the quarter, Bharat Forge secured new orders worth INR 8.47 billion, which includes INR 2.69 billion from Defence business.

Baba Kalyani, Chairman and MD, Bharat Forge, said, “During the quarter, the company secured new orders worth Rs 847 Crores including INR 2.69 billion in Defence. As of Q1FY26, the defence order book stood at INR 94.63 billion. For the defence vertical, based on the project / platforms we have participated in, we expect to secure new orders in this fiscal year generating more revenue visibility for the future years.

The US & European operations witnessed meaningful improvement in financial performance in the Apr – Jun quarter and are generating cash profit. Review of the European steel manufacturing footprint is on track, and we expect to have concrete steps in place by the end of this year. Given the recent tariff announcement by the US government and changes to emission regulation in North America, we are cautious on the outlook for the US export business for the reminder of the fiscal. FY26 is likely to be a challenging period, given where we are in the overall cycle and our geographical exposure. Our focus is on capturing opportunities in businesses & geographies which are relatively unaffected and work simultaneously on cost optimization to minimize impact of operating deleverage.”

The company stated that despite headwinds from tariff and regulatory uncertainties in key export markets, it continues to strengthen its position through targeted diversification and operational efficiency.

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Tier 1 automotive component supplier Tata AutoComp Systems (TACO) has joined forces with Japan’s Ichikoh Industries (Ichikoh) to cater to the automotive lighting market in India. Ichikoh is listed on the Tokyo Stock Exchange Prime Market, wherein Valeo holds a 61.2 percent stake in the company.

As per the understanding, Tata AutoComp Systems and Ichikoh form a JV to acquire Valeo’s lighting business in India will see the partners acquiring Valeo Lighting Systems (VLS) business of Valeo India.

Arvind Goel, Vice Chairman, Tata AutoComp, said, “The formation of this Joint Venture would be another significant step by Tata AutoComp in offering contemporary products and technologies to automotive OEMs in India. We are pleased to welcome Ichikoh and the Valeo Group as our partner, and together with their automotive lighting expertise, we will offer technologically superior and differentiated lighting solutions to our customers.”

Manoj Kolhatkar, MD & CEO, Tata AutoComp, added, “The proposed Joint Venture will enhance our presence in the Indian automotive market and would enable us to serve various OEMs. This collaboration marks another milestone in Tata AutoComp’s journey of offering a comprehensive portfolio of auto-component products.”

Christophe Vilatte, Representative Director, President and CEO, Ichikoh, said, “Ichikoh, with more than 120 years history of technological excellence, will join forces with a new

partner Tata AutoComp, strongly established with its reputational excellence.  Capitalising on our respective strength, we will be well positioned to address the fast-growing automotive market in India.”

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German tier 1 supplier Continental has reported its financial performance for Q2 CY2025, with significant improvements in its Automotive sector and a strong performance from its Tires and ContiTech divisions.

The company reported consolidated sales of EUR 9.6 billion, a slight decrease from EUR 10 billion in the same period last year. However, the company's adjusted operating result was EUR 834 million, corresponding to an adjusted EBIT margin of 8.7 percent.

Nikolai Setzer, CEO, Continental, said, "We’ve worked hard to make our group sectors more resilient and more agile. In a highly volatile economic environment, this hard work is now paying off. As a result, the Automotive group sector has positive momentum ahead of its spin-off in September.”

The Automotive sector saw its earnings improve significantly, with an adjusted EBIT margin of 9 percent. The company shared that even without the application of IFRS 5 accounting standards, which no longer factor in depreciation for the spin-off, the margin would have been 4.0 percent, a notable increase from the 2.9 percent reported in Q2 CY2024. The sector's earnings were at the upper end of its full-year outlook despite declining automotive markets in Europe and North America.

This improved performance was driven by rigorous cost-cutting and sustained price adjustments. The Automotive sector also secured a strong order intake of EUR 5.7 billion for the quarter, exceeding its sales figures.

The Tires sector achieved an impressive double-digit adjusted EBIT margin of 12 percent, demonstrating its stability in the face of strong headwinds from tariffs and exchange rates. The division's quality was recently recognised in Germany, where its tyres were voted ‘Quality Winner 2025.’

The ContiTech division also showed resilience, with its adjusted EBIT margin increasing to 5.8 percent, up from 5.4 percent in the first quarter of the year. The company attributed this to increased industrial demand and stricter cost discipline.

Olaf Schick, CFO, Continental, said, “We continue to see solid earnings in all areas. Our adjusted operating result and adjusted free cash flow increased year-on-year in the first half of 2025. Continental is on the right track – despite constantly changing conditions.”

The company announced its Automotive group sector christened 'Aumovio' is set to become an independent company on 18 September 2025.

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