Union Minister for Heavy Industries, HD Kumaraswamy, visited the International Centre for Automotive Technology (ICAT) in Manesar today. During his visit, the minister toured the state-of-the-art facility, which is a testament to India’s growing prowess in automotive innovation and safety standards. 

The minister was given an in-depth overview of ICAT’s advanced laboratories, testing tracks and cutting-edge technologies including crash tests, acoustic rooms for reverberation studies and fuel flow testing mechanisms.                          

During his visit, he laid the foundation stone of Electrical and Electrical Lab and Centre of Excellence for Advanced Automotive IT Services (AAITS) in the presence ICAT Director Saurabh Dalela and other senior officials. 

Speaking to the media after the visit, Kumaraswamy said, “It is my pleasure to be here on my first visit to ICAT, an institution that represents India's drive towards automotive excellence. ICAT’s state-of-the-art facilities, including its advanced laboratories and testing infrastructure, are a testament to India’s capabilities in automotive innovation.” 

The minister highlighted the crucial role ICAT plays in ensuring road safety through rigorous testing procedures. “Witnessing these facilities and tests today has given me a profound perspective on the rigorous efforts undertaken here to ensure the safety of every individual who travels on our roads. It showcases the complexity and commitment behind each test,” he added. 

Kumaraswamy commended the ICAT team for their invaluable contributions to the automotive sector, emphasizing their role in advancing sustainability, safety, and innovation. “ICAT is not just a testing and research facility; it embodies the shared vision of the ministry and the government to drive the future of mobility in India,” he said. 

The minister also noted ICAT’s significant contributions to government initiatives such as the FAME scheme, PM eDrive, and the Production Linked Incentive (PLI) scheme. He underlined the importance of ICAT’s involvement in promoting indigenous manufacturing and global competitiveness in the automotive sector. 

“ICAT stands as a symbol of India’s automotive aspirations, contributing significantly to our transition to electric mobility and sustainable transportation. The Ministry of Heavy Industries remains committed to supporting ICAT in every possible way to ensure its continued growth and success,” Kumaraswamy assured. 

The Indian automotive industry, which contributes over 7 percent to the nation’s GDP and employs millions, is expected to witness robust growth in the coming years. The minister emphasized that ICAT’s technical expertise, research and homologation services would play a pivotal role in ensuring that this growth is sustainable, safe, and competitive on a global scale. 

Concluding his visit, Kumaraswamy reaffirmed the Ministry of Heavy Industries’ commitment to fostering innovation, creating policy frameworks, and building infrastructure to position India as a global leader in automotive technology. 

“Together, we can make India a global leader in automotive technology and innovation, ensuring safer, better vehicles for Indian and global customers alike,” he said.

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Bosch, the flagship entity of the Bosch Group in India, has announced its intention to acquire 100 percent of Bosch Chassis Systems India. The transaction is structured as a cash deal combined with the issuance of equity shares on a preferential basis.

The acquisition integrates the Vehicle Motion business into Bosch’s portfolio. This move is designed to unify the company’s mobility offerings, shifting from the supply of individual components to the delivery of integrated platform solutions.

Bosch Chassis Systems India specialises in automotive safety systems. Its product range includes:

• Active Safety: Antilock braking systems (ABS), electronic stability control (ESC) and advanced braking systems.
• Passive Safety: Airbag electronic control units (ECUs) and sensors.
• Actuation Systems: Braking hardware for passenger cars, two-wheelers and commercial vehicles.

The realignment allows Bosch to expand its investment in safety and braking technologies alongside its existing operations in power solutions.

Following the acquisition, Bosch Chassis Systems India will operate as an independent entity, with its governance overseen by Bosch. The boards of the Bosch Group, Bosch and Bosch Chassis Systems India have approved the transaction. The deal remains subject to approval from Bosch shareholders, after which the unit will become a wholly-owned subsidiary.

Guruprasad Mudlapur, President, Bosch Group in India and MD, Bosch, said, “Adding Bosch Chassis Systems India, with a future-fit vehicle motion solutions business into Bosch Limited, demonstrates our organisational belief in enhancing the company’s growth trajectory through portfolio diversification. This transaction further solidifies our leadership presence within mobility, enabling us to utilise our strengths and deliver solutions backed by local research and development and local manufacturing.”

Sandeep Nelamangala, Joint Managing Director of Bosch and President of Bosch Mobility India, added, “In India, we expect the mobility landscape to evolve radically by 2030 and beyond with sustainable, safe and exciting technologies. To foster a customer- first mindset and pivot from supplying individual components to delivering future- ready platform solutions, it is imperative to unite our forces and adopt an integrated approach. This transaction empowers Bosch to drive growth with a wider portfolio and combined offerings across the mobility tech stack.”

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Sona BLW Precision Forgings (Sona Comstar) has announced the achievement of two production milestones: manufacturing 500 million differential gears and 10 million differential assemblies since its inception. The company provides mobility technology solutions for battery electric vehicles (BEVs), passenger vehicles, commercial vehicles and off-highway vehicles.

According to the company, Sona Comstar has an 8.7 percent global market share in differential gears in 2025, an increase from 4.5 percent in 2019. It operates manufacturing facilities in Gurugram, Pune and Manesar.

The company commenced production of differential gears in Gurugram in 1999. It reached 100 million units in 2013 and 400 million in 2024. the most recent 100 million units were produced within a two-year period.

For differential assemblies the production began in 2008. It crossed 5 million unit production milestone in 2023, with the subsequent 5 million units manufactured in less than three years.

The company designs and manufactures precision-forged gears and driveline components. Its growth trajectory is linked to the expansion of both conventional and electric mobility platforms. The facility in Manesar, opened in 2019, supports the production of differential assemblies specifically for the global BEV market.

Vivek Vikram Singh, Group CEO, Sona Comstar, said, “We are proud to celebrate these important milestones of our Driveline Business. They reflect the scale we have built over the years, our commitment to engineering excellence, and the trust our customers have placed in us globally. I thank our customers, suppliers, and employees for their continued support and contribution to this achievement. As mobility continues to evolve, we remain focused on innovation, expanding our integrated driveline capabilities, and delivering high-quality solutions that meet the changing needs of our customers across EV and conventional platforms.”

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Ludhiana-based auto components manufacturer Kay Jay Forgings has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI). The proposed INR 3.6 billion initial public offering (IPO) consists of a fresh issue of equity shares up to INR 3 billion and an offer for sale (OFS) of up to INR 600 million by existing shareholders.

The company plans to deploy the net proceeds from the fresh issue for capital expenditure and debt reduction. It aims to invest INR 1.18 billion towards a new forging facility, a machining facility and a solar power plant. INR 900 million towards debt repayment and the remaining funds to be utilised for operational purposes.

The company may also consider a pre-IPO placement of up to INR 400 million, which would reduce the size of the fresh issue accordingly.

Kay Jay Forgings is a precision engineering company manufacturing machined components for automotive original equipment manufacturers (OEMs). It also serves the farm equipment, mining, and home appliance sectors with a portfolio of 286 products.

The company claims it is the largest supplier of crankshafts and crankshaft assemblies to two-wheeler OEMs in India, with an estimated 36 percent domestic market share in FY2025. It operates 6 manufacturing units in Ludhiana, Punjab, and Hosur, Tamil Nadu. The company reported a customer rejection rate of less than 1 percent for the 6-month period ended 30 September 2025.

It maintains long-term relationships with several manufacturers, including a 37-year partnership with TVS Motor Company. Other clients include Honda Motorcycle & Scooter India, Mahindra & Mahindra and Bajajsons.

Future strategies focus on diversifying into lightweight aluminium forged and machined components. These powertrain-agnostic parts are intended to help OEMs meet emission norms and improve fuel efficiency.

In terms of financial performance, the company reported revenue of INR 7.5 billion in FY2025, up 12 percent YoY, as against INR 6.72 billion a year ago. Net profit for FY2025 came at INR 290 million, up 20 percent YoY, as against INR 240 million a year ago.

For H1 FY2026, the company reported a net profit of INR 213 million. The global automotive forging market is projected to grow from USD 45.1 billion in 2025 to USD 65.8 billion by 2030, representing a CAGR of 7–9 percent.

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Avendus Capital has released a report on the Indian auto component industry, identifying a structural shift in global supply chains. The study projects that India’s automotive metal forming market – comprising casting, forging, stamping, and machining – will grow at a 12 percent CAGR to reach USD 90–95 billion by FY2030.

The report indicates that value within the global automotive supply chain is shifting toward process specialists rather than diversified product suppliers. These specialists rely on metallurgical expertise and precision tooling, creating high entry barriers.

The Indian auto component sector surpassed USD 80 billion in FY2025. India has transitioned to a net exporter, with exports reaching approximately USD 23 billion. Original Equipment Manufacturers (OEMs) and Tier-1 suppliers are diversifying sourcing bases to India due to geopolitical factors and cost competitiveness.

Core metal-forming processes remain essential for both Internal Combustion Engine (ICE) and Electric Vehicle (EV) platforms. As global suppliers reallocate capital toward electrification, the report suggests India holds a ‘last man standing’ advantage in ICE components.

India is positioned to fill the supply gap for critical drivetrain components, including crankshafts, gears and axles. With a global fleet of over 1.5 billion ICE vehicles, the segment also presents substantial opportunities in the aftermarket.

The sector is experiencing a consolidation cycle led by capabilities rather than just scale. Recent deal activity shows increased participation from global private equity firms and strategic acquirers focusing on export-oriented platforms with deep process expertise.

Koushik Bhattacharyya, Managing Director and Head, Industrials Investment Banking, Avendus Capital, stated, “The Indian auto component sector is moving beyond a scale-driven growth phase into a capability-led consolidation cycle. We are seeing a clear shift in value toward process specialists, where deep manufacturing expertise and operational precision are becoming the key differentiators. As global supply chains evolve, India is uniquely positioned to capture this opportunity, particularly in core metal-forming segments. We expect this to translate into sustained deal activity, as investors look to build scaled, capability-led platforms in the sector.”

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