Tata Motors has reported a 22 per cent fall in consolidated net profit at INR 56 billion for the third quarter ended December 2024. This is on the back of a decline in revenue from the company’s passenger and commercial vehicle business verticals. 
With the clock ticking in the direction of separation of passenger vehicle business and commercial vehicle business, Tata Motors has clocked a consolidated net profit of INR 71.45 billion in the respective quarter last fiscal. 
With JLR delivering a robust performance in Q3 FY25 with record quarterly revenue, highest EBIT margin in a decade and a ninth successive profitable quarter, Tata Motors witness a revenue decline in commercial vehicle business on the account of lower volumes and mix. EBITA margins however saw improvement to 12.4 percent (up 130 bps) reflecting material cost saving and the impact of PLI incentive. Passenger vehicle revenues were down 4.3 percent. EBITA margins however was up to 120 bps at 7.8 percent on the back of cost controls and PLI incentive. 
The company received sanction of Automotive Production Linked Incentives (PLI) in December 2024. An income of INR 3.5 billion has been recognised. 
 

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American technology company Aptiv has announced that its Board of Directors has approved the spin-off of its Electrical Distribution Systems business into a new publicly traded entity – Versigent.

Versigent provides signal, power and data distribution systems for the automotive and commercial vehicle sectors. It operates engineering centres across four continents and manufacturing facilities in more than 30 countries, focusing on low-voltage and high-voltage electrical architectures.

The separation will be executed through a distribution of Versigent ordinary shares to Aptiv shareholders. Stockholders will receive one ordinary share of Versigent for every three ordinary shares of Aptiv held as of the record date.

Aptiv shareholders are not required to take action, pay consideration, or exchange existing shares to receive the Versigent stock.

Following the separation, Aptiv will continue its operations as an industrial technology company focused on vehicle automation, electrification and digitalisation. Versigent will maintain its legacy in designing and manufacturing advanced vehicle architectures for original equipment manufacturers (OEMs).

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Honeywell has announced that its AI-powered Battery Manufacturing Excellence Platform (Battery MXP) is being integrated into the Alabama Mobility and Power (AMP) Center’s research lab at the University of Alabama. The platform is designed to automate battery production, improve cell yields and accelerate the startup of manufacturing facilities.

The AMP Center serves as a research hub for mobility and power technologies, including electric vehicle charging infrastructure and energy storage systems. The Honeywell platform will be used as the automation standard to train engineers and battery professionals in scaling production for industrial requirements.

Honeywell is also collaborating with FOM Technologies at the AMP Center to focus on the electrode production process. This phase of manufacturing is identified as a significant challenge in battery assembly; the partnership aims to use Battery MXP to automate this stage and improve the safety of cells for original equipment manufacturers (OEMs).

Key objectives of the integration include – workforce development, operational excellence and industry access.

The lab is scheduled to open in the second quarter of 2026. The deployment is intended to support the automotive industry while addressing energy requirements for data centres, grid stability, and regional electrification goals.

Mike Oatridge, Executive Director of the Alabama Mobility and Power Center, said, “The AMP Center was created to connect industry, academia, and state initiatives around the future of mobility and power. The deployment of Battery MXP supports Alabama’s automotive industry while advancing solutions for data center growth, grid stability, and the state’s long-term electrification and economic development goals.”

Russ Ford, President, Honeywell Process Automation Solutions, stated, “The rapid evolution of battery technology calls for a skilled workforce and advanced production capabilities at large scale, including comprehensive automation platforms powered by AI. AMP’s use of Battery MXP is poised to be a catalyst to empower the next generation of engineers in this important industry as it continues to grow.”

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JSW Motors, the new energy vehicle (NEV) arm of the JSW Group, has signed a Memorandum of Understanding (MoU) with the Tata Indian Institute of Skills (Tata IIS). The partnership establishes a technical talent pipeline for JSW Motors’ greenfield manufacturing plant currently under construction in Chhatrapati Sambhajinagar, Maharashtra.

The collaboration focuses on a co-developed curriculum covering EV systems, automation, welding, CNC operations, battery systems and manufacturing. JSW Motors maintains rights over curriculum validation and hiring to align with plant ramp-up schedules.

Tata IIS was selected based on its training infrastructure and experience in OEM engagement. The programme utilises application-based training designed for the requirements of electric vehicle production.

The initiative is part of a broader roadmap to create an EV-ready ecosystem including suppliers, vendors and dealer networks. JSW Motors eventually intends to establish an in-house training academy focused on mobility technologies and manufacturing.

Rupam Singh, Chief Human Resources Officer, JSW Motors, said, “At JSW Motors, skilling is not an HR function, it is a business imperative. As we build our manufacturing operations, we need people who are ready from Day One. The Tata IIS partnership gives us structured capability, relevant curriculum, and the execution rigour aligned to our timelines. This is a deliberate bridge as we work towards building our own world-class training academy.”

Venguswamy Ramaswamy, CEO Designate, Tata Indian Institute of Skills, said, “At Tata IIS, our mission is to solve the nation’s skill challenges by creating a next generation workforce that is not just job-ready, but future-ready. This partnership with JSW Motors is a significant step toward that goal. By designing bespoke programs in Advanced Manufacturing, we are equipping India's youth with the high-precision skills required to drive the next generation of automotive excellence and ensuring a robust, consistent talent pipeline for our industry partners.”

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IR Power, a Scottish energy technology firm owned by MWNW Group, has introduced a standardised system designed to capture and reuse electricity wasted during industrial machine deceleration. The solution utilises a rental model where manufacturers pay through verified energy savings rather than upfront capital expenditure.

Industrial machines, such as automotive presses, conveyor systems and mixers, generate electricity when slowing down. In standard operations, this energy is typically dissipated as heat. IR Power’s technology claims that it captures this power and feeds it back into the factory grid for immediate reuse.

The system operates similarly to regenerative braking in electric vehicles. On machine clusters with frequent cycles, such as automotive press lines, the technology recaptures 10-20 percent of total electricity consumption. At current UK energy prices, this represents annual savings of GBP 50,000-100,000 per cluster.

Key features of the IR Power system include:

• Standardised Design: Three product sizes replace custom engineering, reducing technical complexity.
• Plug-and-Play Installation: Systems connect to existing equipment within hours without requiring modifications to the machines or production downtime.
• Equipment Agnostic: The technology integrates with hardware from any manufacturer, allowing for site-wide energy recovery networks.
• Fail-Safe Operation: Excess energy is routed to existing waste resistors if system capacity is exceeded, preventing manual restarts or shutdowns.

The launch comes as industrial electricity prices have risen to GBP 100-150/MWh. IR Power has adopted a zero-risk rental model to address adoption barriers. Under this framework, monthly fees are based on measured savings; if the system does not perform, the customer is not charged.

The company is initiating commercial deployments in Q1 2026, with a focus on tier-one automotive and construction materials manufacturing.

Richard Bradshaw, Founder and Managing Director, IR Power, said, "For years, energy recovery systems existed but didn't deploy at scale because they cost too much and put all the risk on customers. We've inverted that model completely. Our customers pay zero upfront – no capital expenditure, just operating expense. Installation takes hours with no production downtime. And here's the key: if our system doesn't save them money, we don't get paid; we take all the performance risk. The equipment lasts 15-20 years, so customers get over a decade of pure savings. The technology works – it always has. Our job was removing every barrier that prevented adoption: the cost, the complexity, the risk, and the disruption."

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