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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Ireland-headquartered intelligent power management company Eaton has entered into a definitive agreement to separate its Mobility Group business and combine it with Dana Incorporated in a Reverse Morris Trust transaction.

The deal values the combined company at over USD 10 billion in enterprise value and values Eaton’s Mobility Group at approximately USD 5.1 billion. The transaction is scheduled to close in Q1 of CY2027, subject to approval by Dana shareholders and regulatory clearances.

Under the terms of the agreement, Eaton will receive a tax-free cash distribution of approximately USD 1.1 billion, which will be funded by newly issued debt from the mobility entity. Eaton shareholders will receive shares in the combined business, resulting in a post-transaction ownership structure where Eaton shareholders hold at least 50.1 percent of the outstanding shares and Dana shareholders own approximately 49.9 percent.

The transaction allows Eaton to alter its corporate focus toward its electrical and aerospace divisions, which align with market trends in electrification, data centres, infrastructure modernisation and aerospace defence.

The combined entity will merge Dana’s portfolio of axles, driveshafts, thermal management and sealing products with Eaton’s commercial vehicle transmissions, clutches and engine emissions technologies. The merged entity will target internal combustion, hybrid and electric vehicle platforms across commercial and light vehicle manufacturing sectors.

The combined entity will retain the name Dana Incorporated and continue its public listing on the New York Stock Exchange under the ticker symbol DAN. The business is projected to generate approximately USD 11 billion in pro forma revenue and USD 1.7 billion in pro forma estimated 2026 adjusted EBITDA. The integration plan targets USD 250 million in annual run-rate cost synergies to be fully achieved within 24 months of closing.

Furthermore, Byron Foster will become the Chief Executive Officer of the combined company and Timothy Kraus will assume the role of Chief Financial Officer. R. Bruce McDonald will serve as Executive Chairman, while Erin Rowse is named as the incoming Chief Human Resources Officer. Dana’s board of directors will expand from eight members to include three additional directors appointed by Eaton.

Paulo Ruiz, Chief Executive Officer, Eaton, said, "We are pleased to have reached this agreement, which delivers significant value to Eaton and its shareholders and represents a major milestone in Eaton’s 2030 growth strategy to lead, invest and execute for growth. Eaton shareholders will benefit from the meaningful upside created by the combined company, and the transaction will provide substantial cash value for Eaton to deploy to our highest-growth and highest-margin opportunities. Looking ahead, our portfolio will be closely aligned with the powerful megatrends driving generational growth in our Electrical and Aerospace businesses, and we look forward to continuing our momentum to drive meaningful value for our customers and shareholders."

R. Bruce McDonald, Dana Chairman and Chief Executive Officer, said, "We are excited to bring together Eaton’s Mobility Group with Dana. The addition of Mobility Group’s leading positions in commercial vehicle transmissions, clutches and power management technologies, combined with Dana’s strengths in axles, driveshafts, electrification, thermal management and sealing products, will create a truly differentiated global platform. Together, we will be better positioned to serve our customers, invest in innovation and drive long-term value creation for shareholders of the combined company.”

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Bajaj Auto Foundation, the CSR arm of Bajaj Auto Limited, has announced a significant INR 4 billion commitment over the next decade to support women engineers through the Rupa Rahul Bajaj Scholarship for Women in Engineering (RRBSWE). The initiative is aimed at increasing female participation in core technical fields.

The scholarship, recognised as India’s largest such programme for women in core engineering, targets meritorious students pursuing disciplines like Mechanical Engineering, Electronics, Industrial Instrumentation, Mechatronics and Robotics. Scholars at 40 leading institutes, including IITs, NITs, IIITs and reputed state and private universities, can receive up to INR 800,000 in financial aid throughout their engineering education.

Beyond monetary support, the programme focuses on holistic leadership development. It offers structured mentorship, industry immersion and professional networking opportunities to cultivate future women leaders in engineering and manufacturing sectors. The launch event at Bajaj Auto Ltd.’s Pune headquarters also celebrated the first cohort of 506 scholars, with chief guest Kiran Mazumdar-Shaw and Rajiv Bajaj in attendance.

The foundation highlighted that this effort tackles the persistent underrepresentation of women as advanced manufacturing and deep technology grow critical for India’s economy. Unveiling its overarching proposition, ‘Where there’s a skill, there’s a way’, the foundation reaffirmed its dedication to skilling and education for the nation’s future workforce.

Rajiv Bajaj, Managing Director, Bajaj Auto Limited, said, “Women possess inherent skills of patience, empathy and diligence, which are very strong attributes to excel in core engineering jobs. We identified this long back and made women engineers a significant part of our workforce. In fact, from virtually no women in our operations till around a decade back, today they account for nearly 20 percent of our workforce. This has brought a meaningful difference to our way of working and contributed to Bajaj Auto’s global scale, thereby making us the World’s Favourite Indian. This programme would extend our learning with the larger manufacturing industry.

“The Rupa Rahul Bajaj Scholarship for Women in Engineering holds a special place in my heart, as it carries the name of my beloved mother, Rupa Rahul Bajaj. Her dedication to education and her belief that women can drive change in their communities inspire this programme. The Rupa Rahul Bajaj Scholarship is an investment in talent, ambition and the belief that opportunity can unlock extraordinary potential. We are deeply committed to ensuring that women play a far greater role in shaping the future of engineering and manufacturing.”

Kiran Mazumdar-Shaw, Executive Chairperson, Biocon Limited, said, “The future of science, engineering and manufacturing must be built on inclusion and equal opportunity. Encouraging more women to pursue core engineering disciplines is not just a social imperative but an economic one. Initiatives like the Rupa Rahul Bajaj Scholarship can help create a stronger and more diverse innovation ecosystem for India.”

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Autodesk has overhauled its India digital storefront into a complete self-service procurement hub targeting startups, freelancers, entrepreneurs and small businesses. The redesign lowers barriers to professional design software and reflects a broader digital-first sales strategy for how local customers buy and manage licenses.

Internet usage in India has reached 958 million active users, fundamentally changing professional technology purchasing. The updated platform introduces flexible consumption models for the country’s growing digital economy. Emerging firms and first-time users driving the Viksit Bharat initiative are primary beneficiaries.

Launched in 2017, the online store is now a critical customer acquisition channel. Startups, freelancers and smaller enterprises account for over half of first-time buyers. Tier 2 and Tier 3 cities contribute more than one-fifth of online customers, making smaller hubs engines of digital adoption.

The platform adds monthly subscriptions starting at INR 1,062 for AutoCAD Web, plus Autodesk Flex token packs at INR 29,300 for 100 tokens, valid one year and shareable. Users can generate quotes, complete multi-product checkouts, renew subscriptions and manage GST compliance without callbacks.

Autodesk has expanded payment options to include UPI alongside debit cards, credit cards and net banking, making professional software procurement seamless for India’s creator community.

Kamolika Gupta Peres, Vice President, Autodesk India and SAARC, said, “India has nearly a billion active internet users – and for this generation, digital is not a channel. It is the expectation. Today, the Autodesk creator community that includes designers, animators, manufacturers want to explore, evaluate and purchase professional technology instantly, just as they would any other product or service online.

“Over the past year, we analysed the online buying behaviour and preferences of our customers and Autodesk’s creator community across India. The insights and feedback have shaped the evolution of the Autodesk Store into a more intuitive, inclusive, seamless and locally relevant experience, designed around the needs of modern Indian businesses and professionals. As Autodesk’s reach expands across Bharat, we are making it easier to access professional design technology, regardless of where they are located.”

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Chinese automotive major BYD (Build Your Dreams), one of the leading manufacturers of new energy vehicles (NEVs) across product categories, has outlined an ambitious target to become the No.1 automaker in the next five years.

The statement was made by Wang Chuanfu, CEO, BYD, who told investors in China, according to a Reuters report.

In 2025, BYD surpassed American automotive major Ford Motor Co in terms of sales, with 4.6 millions sold globally, thanks to robust domestic demand, as well as its aggressive expansion in global markets such as Europe and Asia.

The company now aims to surpass Japanese automaker Toyota Motor Corporation, which continues to be the No.1 automaker (in terms of volumes), consistently selling over 10 million vehicles.

In 2025, Toyota Motor Corporation sold 11.32 million vehicles, Volkswagen Group sold 8.98 million units, Hyundai Motor Group sold 7.27 million units, GM (including SAIC-GM-Wuling) sold 6.18 million units, Stellantis sold 5.6 million units, while Ford had sales crossing 4 million units.

BYD Showcases DM-i Electric-First Hybrid Technology In India

For the unversed, the Shenzen-headquartered automaker had stopped producing Internal Combustion Engine (ICE) vehicles in 2022 and solely focused on electrification and plug-in hybrid vehicles (PHEV).

Since then, the company has consistently expanded its customer base and tech upgrades.

In fact, BYD has recently started expanding its flash-charging station across Germany, which are capable of delivering up to 1,500 kW of charging speed. This allows its EVs (using Blade Battery 2.0 and Flash Charging 2.0 tech) to be charged from 10 percent to 70 percent in under 5-minutes and upto 97 percent in 9-minutes. The company is targeting to build 6,000 such flash-charging stations outside China by the end of 2026, with Europe expected to get half of it.

As per industry reports, BYD has already set up over 6,000 flash-charging stations across 300 cities in China till last month.

Interestingly, the company sold 383,453 EVs last month, taking its cumulative sales to 16.5 million EVs to date.

To further make smart inroads in the European market, BYD has also started conversations with automakers for acquiring their under utilised production facilities.

Also read: BYD Overtakes Tesla And BMW To Become UK’s Best-Selling EV Brand

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