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.
 

Comments (0)

ADD COMMENT

Link Copied!

Maharashtra-based Abhijeet Dies & Tools and Italy's INEVO have signed an agreement establishing a joint venture entity, Abhinevo Technologies.

Headquartered in Pune, the new JV will develop, engineer, manufacture and commercialise moulds, tooling and manufacturing technology solutions for the automotive and plastics-processing sectors.

The agreement combines Abhijeet’s four decades of tooling and plastics manufacturing operations with INEVO’s European high-precision injection mould technologies. The new entity intends to localise manufacturing technologies in India across the value chain, covering product and process engineering, tool design, simulation, manufacturing, trials, validation and production support.

Jayamurugan Thangavel, CEO, Abhijeet Group, said, “This joint venture marks an important step towards technology-led manufacturing. By combining INEVO’s specialised European technology with Abhijeet’s engineering and manufacturing capabilities, we aim to build advanced capability in India and create a platform serving Indian and global customers.”

Abhijeet Raut, Director, Abhijeet Dies & Tools, said, “The real value of this partnership will be in taking advanced technologies from concept to industrialisation. Through Abhinevo, we aim to give customers access to sophisticated tooling and manufacturing solutions with closer engineering collaboration, faster development and globally benchmarked quality – converting technology into robust, repeatable and commercially viable manufacturing solutions.”

INEVO, spun off from the mould division of INglass in 2020, exports over 80 percent of its output globally, producing more than 100 injection tools per year. Its specialisation covers multi-material and multi-colour moulding, automotive lighting tooling, In-Mould Decoration (IMD), In-Mould Labelling (IML), injection on decorative and functional foils and surface technologies.

Roberto Fagarazzi, Managing Director – Sales, INEVO, said, “India is becoming increasingly important in the global automotive manufacturing landscape, and customers are looking for greater localisation without compromising technology, quality or manufacturing performance. We see a strong opportunity to bring INEVO’s experience in advanced moulds, multi-material technologies, smart surfaces and industrialisation closer to this market.”

“Abhijeet has a strong tooling and manufacturing foundation, engineering resources and an established automotive presence. The combination of INEVO’s specialised technology with Abhijeet’s manufacturing expertise creates a strong platform for long-term development. Our ambition is to develop solutions together in India, build local technical competence and progressively create opportunities that can serve customers both in India and internationally,” he added.

The initial technology scope for Abhinevo Technologies will encompass 2K and multi-component mould technology, polyurethane-based surface applications, IMD, IML, In-Mould Coating, film integration and process simulation. These processes target automotive interior and exterior components, functional panels, and smart surfaces for domestic automotive OEMs, Tier-1 suppliers and international export markets.

Nikhil Raut, Director, Abhijeet Dies & Tools, said, “This partnership is more than a business agreement. It brings together two companies, cultures and capabilities with a shared ambition to create something meaningful and long-lasting, built on trust, teamwork and mutual respect. The true success of Abhinevo will be measured by what our teams create together, the value we deliver to customers and the trust we build over the years ahead.”

Consultancy firm Crescendo Worldwide facilitated the partnership process, initiating partner identification in early 2025, which led to a Memorandum of Understanding in June 2025 prior to the final joint venture execution in September 2026.

Comments (0)

ADD COMMENT

Link Copied!

Chinese automotive companies NIO Holding Co, and Zhejiang Geely Holding Group Co, have entered into a strategic agreement covering technology, operations and capital investments across their charging and battery swapping businesses. The partnership includes cross-equity investments, joint technology development and network integration.

As per the agreement, Geely Holding Group will acquire a 30 percent equity stake in NIO Power. The transaction involves Geely transferring a 100 percent equity interest in its battery-swapping subsidiary, Yiyi Power, to NIO Power, alongside a cash investment of RMB 640 million.

Following the completion of the deal, Yiyi Power's commercial fleet swapping operations will be integrated into NIO Power's infrastructure. In exchange, NIO will acquire a 10 percent equity stake in Geely's charging subsidiary, Haohan Energy, establishing interconnected charging networks between the two companies.

The agreement includes provisions for the co-development of unified battery swapping technologies and standards for passenger vehicles. Geely will design battery-swappable models compatible with NIO Power's swapping stations, while NIO Power will provide battery swapping services for these vehicles.

William Li, Founder, Chairman and CEO, NIO, said, “Over the past decade, China’s smart EV industry has made remarkable progress, driven by rapid advances in technology and continued innovation. Looking ahead, the industry needs not only to keep innovating, but also to become more efficient at turning innovation into value. This partnership brings together the strengths the two sides have built over the years, with closer collaboration across technology, standards, operations, assets, and capital. It represents an important exploration and innovative step toward addressing involution-style competition and building a more open and mutually beneficial industry ecosystem where automakers can work together to achieve high-quality growth. The collaboration between NIO and Geely in charging and battery swapping is open to the broader industry. We welcome and look forward to more industry peers joining us in creating a better recharging experience for users, supporting the industry’s transition to low-carbon, green energy, and shape a sustainable and brighter future.”

Andy AN Conghui, CEO, Geely Holding Group, said, “High-quality development of the automotive industry is not about scale alone. It calls for more resilient supply chains, higher quality and greater efficiency, safer and greener development, and a more open and collaborative ecosystem. Recharging networks are public infrastructure that serve society as a whole. They should be built together, shared openly, and connected across networks, so that users ultimately benefit the most. Geely Holding Group has long driven innovation in core new energy vehicle technologies, building an all-scenario recharging network that combines charging and swapping. This partnership marks another step toward the high-quality development of China’s intelligent connected new energy vehicle industry. With an open approach and a long-term commitment, Geely Holding Group will work with NIO and other industry partners to build a denser, more reliable, and safer recharging network, making mobility more seamless and worry-free for users.”

As of September 2026, NIO operates a network of 9,433 infrastructure sites in China, comprising 4,126 swapping stations and 5,307 charging locations housing 30,598 charging connectors. The company has set a target to operate 10,000 swapping stations by 2030.

Geely's charging unit, Haohan Energy, currently operates 2,500 charging stations with 12,000 connectors across 232 cities, with plans to expand to 22,000 stations containing over 100,000 connectors by end-2027.

Comments (0)

ADD COMMENT

Link Copied!

COEP Technological University (COEP Tech) and JSW Projects, a subsidiary of JSW Group, have signed a Memorandum of Understanding to establish an Advanced Battery Research & Development Centre at COEP Tech's Chikhali Research Park in Pune.

The initiative represents a combined investment of over INR 8 billion to construct an indigenous battery prototyping and pilot-scale research facility on an academic campus in India.

The project is structured in two operational phases – phase 1 will establish a Cell Research & Development Centre focused on the design, simulation and prototyping of lithium-ion and sodium-ion cells.

Phase 2 will expand the site into a Cell Validation Centre with pilot-line capabilities to produce battery cells ranging from 100 Ah to 600 Ah. The facility aims to develop cell chemistry and battery architectures adapted to Indian climatic conditions and operational requirements across electric mobility and stationary grid storage applications.

Sunil Bhirud, Vice Chancellor, COEP Technological University, said, "This collaboration has the potential to create a strong indigenous alternative to imported batteries and make a significant contribution to India's journey towards self-reliance. For students, it will provide a unique opportunity to learn and work on cutting-edge battery technologies. The scale and scope of the Phase I and Phase II collaboration between COEP Technological University and JSW make it a landmark industry-academia initiative. At a time when next-generation battery technologies are receiving significant research attention across the country, the partnership places research, innovation and technology development on a much larger platform. The collaboration has the potential to develop technologies that can reduce dependence on imported batteries and contribute to the vision of a self-reliant and developed India. The scale of this initiative makes it a significant step forward in strengthening India's battery technology ecosystem. We are grateful for the valuable support extended by the Government of Maharashtra and the Board of Governors of COEP Technological University in enabling this important initiative."

Sajjan Jindal, Chairman, JSW Group, said, “Cell is the new oil. Just as oil powered the last century, battery cells will power this one, from electric vehicles to the grid. For decades, India has spent precious forex importing oil. This time, we must build the cutting-edge skills and capabilities to make these cells right here, for a new India. Our partnership with COEP Tech, with its 170-year legacy of engineering excellence, will bring industry and academia together to design, test and validate cells built for Indian conditions, and help shape India's clean energy future.”

The R&D centre is designed to support the energy storage initiatives of JSW Energy and the electric vehicle manufacturing operations of JSW Motors. The facility will also serve as a platform for intellectual property creation, scientific publications, and technical workforce development within Maharashtra's industrial belt.

Comments (0)

ADD COMMENT

Link Copied!

German automotive major the BMW Group has received the ‘Global New Energy Vehicle Innovative Technology’ award at the 2026 World New Energy Vehicle Congress (WNEVC) in China.

The company was recognised for its sixth-generation (Gen6) high-voltage battery system, which uses round battery cells with a high-nickel cathode. The BMW Group was the sole non-Chinese automotive manufacturer to receive a technology award at the event.

The Gen6 battery system serves as a component of the company's upcoming ‘Neue Klasse’ vehicle platform, which will be integrated across its electric vehicle lineup. In developing the sixth-generation eDrive technology, the BMW Group filed over 500 patent applications. The battery architecture utilises an 800-volt system, bidirectional charging capability and a cell-to-pack design that integrates cylindrical cells directly into the battery pack without intermediate module structures.

Jochen Goller, Member of the Board of Management, BMW AG responsible for Customer, Brands, Sales, said, “We are very proud to receive this international award for our Gen6 high-voltage battery. It confirms our long-term approach of combining technological innovation with the highest standards of quality and safety and genuine customer relevance. With the Neue Klasse, we are setting new benchmarks in this area.”

Thomas Engelhardt, Senior Vice-President Development High-Voltage Batteries, Charging at the BMW Group, said, “The Gen6 high-voltage battery represents a technological leap across all customer-relevant features. Its innovative, flat design with cylindrical cells paves the way for greater range and faster charging, while maintaining the highest level of safety. As a core technology of the Neue Klasse, it forms the foundation for fully-electric driving pleasure across the entire BMW portfolio.”

The battery system incorporates steel-housed round cells, multi-stage insulation and thermal management features. The energy management functions are directed by the ‘Energy Master’ unit, featuring hardware and software developed in-house by BMW to manage power distribution, vehicle electrical system supply and battery data processing. The Energy Master system provides compatibility with both 400-volt and 800-volt charging infrastructure and allows for the integration of alternative cell chemistries.

The presentation marks the fifth consecutive year and sixth time overall that the BMW Group has received recognition at the World New Energy Vehicle Congress, an annual industry conference bringing together automotive, academic and government representatives to discuss electric vehicle developments.

Comments (0)

ADD COMMENT

Link Copied!