JK Tyre & Industries Ltd (JK Tyre) has reported a PAT of INR 570 million in its unaudited results for the third quarter of FY2024-25. The company recorded revenues of INR 36.9 billion in the respective quarter and an EBITDA of INR 3.35 billion. The EBITDA margin was 9.1 percent and the PBT of INR 80 million. 
Commenting on the results, Dr Raghupati Singhania, Chairman and Managing Director, JK Tyre, stated, “JK Tyre witnessed a healthy growth in the Replacement market during the Quarter. Rising raw material cost, particularly in natural rubber impacted the margins, which was to an extent addressed by certain price revisions and cost optimization. Looking ahead, demand in the replacement market is promising, and the OEM sector is on a recovery path. Moreover, export markets offer new opportunities, given the Rupee/Dollar parity.”
Focusing on premiumization of its product range across segments, which will help profitability, JK Tyre is also digitally transforming itself. In this direction, the company recently established a Digital & Analytics Centre of Excellence (DnA COE), which should help strengthen data driven operational efficiencies and innovation.
JK Tyre’s subsidiaries, Cavendish Industries Ltd. (CIL) and JK Tornel, Mexico, continues to make healthy contributions to the overall revenues and profitability of the Company.
 

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Eicher Motors (EML), a leading manufacturer of two-wheelers and commercial vehicles, has reported financial results for Q1 FY2027, recording a 32 percent YoY increase in quarterly operational revenue to INR 66.32 billion.

The company's earnings before interest, tax, depreciation, and amortisation (EBITDA) rose 32 percent YoY to INR 15.91 billion from INR 12.03 billion in Q1 FY26; consolidated net profit grew 21 percent YoY to INR 14.63 billion from INR 12.05 billion a year ago.

Alongside the financial results, Eicher Motors's board of directors approved an investment of INR 12.25 billion for Phase I of a greenfield manufacturing plant in Tada, Andhra Pradesh. The facility is scheduled for completion during FY 2029-30 and will provide additional annual production capacity of up to 450,000 motorcycles at full utilisation.

During Q1, Royal Enfield recorded quarterly motorcycle sales of 332,940 units, representing a 27.4 percent increase from 261,326 units. Operational milestones during the period included the start of deliveries for the Flying Flea C6 electric motorcycle and the launch of the Bullet on the 650cc engine platform.

On the other hand, VE Commercial Vehicles (VECV) reported revenue from operations of INR 66.10 billion, up 16.6 percent from INR 56.71 billion a year ago. VECV's EBITDA rose 6.1 percent to INR 5.41 billion from INR 5.11 billion, while net profit reached INR 3 billion compared with INR 2 billion last year. The company sold a total of 24,815 commercial vehicles, up 14.8 percent YoY, as compared to 21,610 units a year ago.

B Govindarajan, Managing Director, Eicher Motors and Chief Executive Officer, Royal Enfield, said, "Building on a record-setting performance in FY26, we have sustained our strong momentum into the new financial year, with Royal Enfield recording its highest-ever quarterly sales and VECV recording its highest-ever Q1 sales. This quarter was historic for Royal Enfield as we commenced deliveries of the Flying Flea C6 electric motorcycle. The early response to the FF.C6 has been highly positive, reinforcing our vision of creating a new category of premium city+ electric mobility. We also strengthened our portfolio with the launch of the iconic Bullet on the 650cc platform. Globally, key markets continued to perform well, driven by new motorcycle launches. To support our growth over the long-term, we announced plans for a new greenfield manufacturing facility in Tada, Andhra Pradesh, to expand our capacity beyond the existing facilities in Tamil Nadu. Beyond these milestones, our global community remained at the heart of our journey, which was reflected in the growing participation numbers in our marquee rides and events. With a robust product launch calendar and diverse brand initiatives planned for the rest of the year, we are optimistic of maintaining our growth trajectory in the dynamic global environment."

B Srinivas, Managing Director and CEO, VECV, said, "We are pleased to have delivered our best-ever first quarter, with sales of 24,815 units, growing 14.8 percent YoY, while maintaining our number one position in the LMD truck market. Beyond the numbers, we continued to drive modernization in the Indian CV sector. The launch of the Volvo FMX Edge is set to transform mining productivity by combining optimized payload capability with superior safety, uptime and lifecycle value. Furthering our commitment to deliver superior uptime to Eicher customers, we added 30 new touchpoints during the quarter. We also signed a MoU with the Ministry of Road Transport and Highways under the PARIVARTAN fleet modernisation scheme for the NCR, signalling our partnership to support the transition towards a cleaner and more efficient commercial vehicle fleet. As we look ahead, we remain focused on building on this momentum and delivering sustained value for our customers in a rapidly evolving industry."

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KPMG, one of the leading accounting firms, has launched The KPMG Global Tech Report 2026: Automotive, which indicates that global automotive organisations are directing investments towards artificial intelligence (AI), data resilience and digital infrastructure to adapt to evolving mobility ecosystems.

The report surveyed 258 technology executives across 22 countries, representing original equipment manufacturers (OEMs), commercial vehicle manufacturers, Tier 1 suppliers, technology component vendors, and mobility providers with annual revenues exceeding USD 1 billion.

The survey metrics show that 88 percent of respondents express confidence in revenue growth over the next 24 months. Furthermore, 74 percent view advanced technology as the primary driver of competitive advantage, whilst 86 percent state that technology roadmaps become outdated quickly due to market changes. Additionally, 82 percent of executives report a requirement to take risks on technology investments, though 53 percent note that legacy processes reduce return on investment.

To address macroeconomic and geopolitical volatility, sub-sectors within the industry report distinct technical responses. Among vehicle manufacturers, 67 percent plan to enhance data sovereignty across partnership networks. Among truck manufacturers, 61 percent intend to hire onshore technology talent. Tier 1 suppliers report that 41 percent aim to upgrade data infrastructure for scenario planning, while 47 percent of component suppliers plan to tighten technology expenditure. Among mobility service providers, 40 percent plan to expand the number of innovation centres of excellence.

In India, automotive firms are focusing on transitioning AI implementations from pilot stages to operational deployment across engineering, manufacturing, supply chain management and customer operations.

Jeffry Jacob, Partner and National Sector Leader, Automotive, KPMG in India, said, "For India’s automotive sector, the findings reinforce that competitiveness will increasingly depend on how effectively organisations scale AI, data and digital technologies. These capabilities must move beyond pilots and into engineering, manufacturing, supply chains and customer-facing operations. Strong data foundations, clear governance and disciplined execution will be essential to convert technology investments into measurable value. As vehicles become more connected, software-enabled and intelligent, resilient digital capabilities will be critical to sustaining growth and remaining competitive in the Intelligent Age."

The report concludes that industrialising machine learning operations (MLOps), enforcing data governance and implementing standardised digital architectures remain key operational priorities for sector participants aiming to manage software updates, cybersecurity and regulatory compliance.

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European automaker Stellantis has signed an agreement with private equity firm Mutares SE & Co. to sell its entire shareholding in the Free2move car-sharing business. The transaction is expected to close by the end of 2026, subject to regulatory approvals and employee consultation processes.

Free2move operates free-floating short- and long-term car-sharing services across 14 cities in Europe and the United States via a mobile application platform. Following the acquisition, Mutares plans to establish the business as an independent mobility entity, focusing on fleet management, transitioning to battery-electric vehicles and operational adjustments for municipal transport requirements.

The divestment aligns with Stellantis' capital allocation strategy under its FaSTLAne 2030 business plan, which prioritises resource allocation towards core automotive operations and high-return technologies.

Virgilio Cerutti, Head of Business Development & Partnerships at Stellantis, said, “By sharpening our focus on core automotive activities, we strengthen our capacity to deliver long-term performance. We are committed to working closely with all stakeholders to support a smooth transition process for customers, partners, and employees.”

Johannes Laumann, Chief Investment Officer, Mutares, added, “Free2move’s car-sharing business combines a strong, internationally recognised brand with clear potential for operational improvement following an intended carve-out from Stellantis. Together with the management team, we look forward to strengthening Free2move’s operating model and further developing the company into an independent leading platform in the mobility sector.”

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ZF Commercial Vehicle Control Systems India Limited (ZF CVCS India) has finalised multi-year supply agreements with three major Indian truck manufacturers for its ESCsmart Electronic Stability Control (ESC) solution. The deals cover 12-volt and 24-volt architectures and are tied to new model launches developed to align with upcoming safety legislation. Local assembly will occur at ZF CVCS India's domestic production hubs, with series manufacturing scheduled to start in the third quarter of 2027.

The regulatory landscape is the primary driver, as Indian authorities have set an October 2027 deadline for mandatory ESC installation on all trucks. With that compliance date approaching, OEMs are securing proven technology partners well in advance, and the nominations reflect a broader industry shift towards active safety adoption ahead of the mandate.

Electronic stability control is globally regarded as a critical tool for preventing rollovers and loss-of-control incidents, with many developed markets already enforcing similar requirements. India's forthcoming regulations represent a meaningful convergence with international norms, and observers anticipate measurable improvements in commercial vehicle accident statistics once the technology becomes standard.

The ESCsmart system is tailored for heavy commercial use, automatically modulating braking and engine torque when sensors detect instability. Its effectiveness in Indian conditions has been validated through deployments on over 60,000 vehicles, while ZF's pedigree includes 20 years of innovation and more than three million global deliveries. The company is providing validation and pre-certification support, positioning the solution as fully compliant with both current and stricter 2027 rules.

Paramjit Singh Chadha, Managing Director, ZF Commercial Vehicle Control Systems India Ltd, said, “As the Indian commercial vehicle industry prepares for the next phase of safety regulations, vehicle stability technologies are evolving from being a differentiator to becoming a fundamental requirement. These business nominations reflect the growing momentum towards advanced active safety systems across the market. With a proven ESC platform, dedicated validation capabilities at our ESC test track and strong local engineering and manufacturing expertise, ZF CVCS India is ready to support OEMs in meeting the upcoming safety requirements with scalable, India-ready solutions.”

Akash Passey, Non-Executive Chairman, ZF Commercial Vehicle Control Systems India Ltd and President – ZF Group in India, said, “We are proud of the confidence our customers have placed in ZF CVCS India and the partnerships we have built. As India enters a defining phase in commercial vehicle safety, OEMs are increasingly prioritising proven technologies that enhance vehicle stability and deliver meaningful safety outcomes at scale. These nominations reinforce ZF CVCS India's leadership in active safety and our readiness to support the industry's transition through proven technology, local manufacturing, advanced validation capabilities and ZF's global expertise in electronic stability control.”

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