Bharat Forge Announces Results For Q1 FY25; Defense and Oil & Gas Sectors Do Well

Bharat Forge Announces Results For Q1 FY25; Defense and Oil & Gas Sectors Do Well

Recording a consolidated revenue for the first quarter of FY2024-25 at INR 41.06 million as compared to INR 38.77 million in the corresponding period last fiscal, marking an increase of 5.9 percent, Bharat Forge experienced substantial contribution from defense sector and the oil and gas sector. 

In its BSE filing, the group has mentioned that its Ebitda grew by 22.8 per cent Y-o-Y to Rs 760 crore in Q1FY25. Recording a 10 percent (year-on-year) rise in revenue from operations on a standalone basis, the group recorded a profit-after-tax (PAT) of INR 26,94 million in Q1 FY2024-25 as compared to 31,14 million in the corresponding period last fiscal, an increase of 13.5 percent. 

Securing new orders worth Rs 9.8 million across the defense, ferrous and aluminum castings and core forging business segments, Bharat Forge’s defense business posted revenue of INR 6,42 million in Q1 FY2024-25, a year-on-year increase of 147 per cent. 

The group won orders worth INR 7,75 million. Its executable order book as of June 30 was for INR  54 billion. It consisted of orders such as artillery guns, vehicles and consumables. 

One of the leading forging companies in India and a global provider of high-performance, innovative, safety and critical components to sectors like automotive, railways, defense, construction and mining, aerospace, marine and oil and gas, Bharat Forge reported that its wholly owned subsidiary Kalyani Powertrain limited (KPTL) holds 64.29 percent equity shares of Tork Motors Pvt Ltd (TMPL) which is engaged in manufacturing electric bikes. It is part of a separate cash generating unit (CGU) as defined by Ind AS 36.

In light of recent developments in two-wheeler EV market and its adverse impact on TMPL operations, a provision for impairment of INR 1,517 million has been considered in consolidated financial statements of the company. Consequently, the Company has recorded provision for impairment of INR 1,456 million for investment in KPTL in the standalone financial statements for the period ended June 30, 2024. 

The group announced in its filing a fair value adjustment (loss) for investment In Tevva Motors Limited of INR 2,794 million (Standalone financial results) and INR 2,936 million (Consolidated financial results) through other comprehensive income for quarter and year ended 31 March 2024.

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    Motion In Control 2025 Vehicle Dynamics & ADAS Conference Concludes On A High Note

    SAE India

    The automotive industry is undergoing one of its biggest disruptions ever, what’s with consumer demand, government policies and the latest technology making their way into the vehicles of tomorrow.

    To bring forth discussion and ignite conversation around the topic of Vehicle Dynamics & ADAS (Advanced Driver Assistance Systems), SAEIndia Northern Section recently held a two-day seminar ‘Motion In Control-IV 2025’ on 6 February 2025. It featured presentations, live demonstrations and a panel discussion, at Global Automotive Research Centre (GARC), Chennai.

    The event was supported by ICAT, Maruti Suzuki India, ATS, GARC, AB Dynamics, Tenneco, JK Tyre, 4active, Applus IDIADA, ZF, Stahle, CEAT, Applied Intuition, Rane, Gabriel, Continental, MRF, OXTS and Kiriu Corporation. Motoring Trends was the official media partner for the event.

    It brought together industry experts from automakers, component manufacturers, testing equipment manufacturers and even educational institutions to discuss, debate and plan the way forward.

    It is no secret that various factors such as consumer awareness, innovative technologies and regulatory push are enabling automakers to incorporate various sensors and AI-enabled tech such as ADAS to become a common sight.

    What’s more, while these technologies are quite popular in developed markets, they cannot be simply copied-pasted in India; the adoption is not quite so simple.

    The two-day open platform brought forth industry experts to share their views on how conventional vehicle dynamics solutions are paving the way for sensor-based technologies. This not only makes the vehicles safer but also opens the doors for new ways to look at vehicle design, validation and even certification for India-specific challenges.

    Day 1

    The first day of the event saw Vivek Trivedi, Executive Vice-President – Engineering, Maruti Suzuki India share his views on the topic of ‘Insight of Future Technologies in India related to Vehicle Dynamics & ADAS’.

    Dr. Subramaniam K, R&D Head at Ashok Leyland gave a presentation on ‘Vehicle Dynamics in EV: Advantages and Challenges’.

    Renji Issac, Senior Vice-President Research & Development, CEAT presented his views on ‘Tyre development in a virtual world’.

    Dr. V. Vikraman, Senior Vice-President, Research & Development, Mahindra & Mahindra, gave insights on how the automaker was using the latest technology and tools for development of its high-performance SUVs.

    Dr. Ramadhas Arumugam Sakuthalai, Director, GARC, spoke about how Indian testing agencies were prepared to support the automotive industry for their testing needs when it came to Vehicle Dynamics and ADAS solutions.

    Amardeep Singh, Vice-Chair, SAEINS and Convenor MIC-IV, and VP – Engineering, Maruti Suzuki India set the context for plenary sessions.

    This was followed by Dr. Peter Pfeffer, CEO, Mdynamics presenting his thoughts on ‘Advance Driving Characteristics Development Through Performance – HIL (Hardware in Loop) and Driving Simulator.

    The audience also got to understand on what was happening in the field of validation and release of L2/L3 ADAS at scale by Aniruddha Reddy, Head of Sales EMEA & India, Applied Intuition.

    In a joint presentation, Piyush Ghongade, Head- Vehicle Dynamics, CEAT and Jagdish Chauhan, Team Lead – NVH, 4W, CEAT spoke about the ‘Role of Vehicle Dynamics in Advanced NVH Tyre Tuning: Challenges and Solutions.’

    Dr. Roshi John, Founder & CEO, RoshAI introduced the company’s approach towards self-driving vehicles.

    Dr. Rajesh Kannan Megalingam, Associate Professor, Department of Electronics & Communication Engineering, School of Engineering, Amritapuri, gave a presentation on ‘Exploring Autonomous Vehicle Scenarios in Indian Roads: Smart Centre Case Studies’.

    The last session of the day saw Vipul Dave, Senior Business Development Manager – UK, Greater Europe & India AB Dynamics give his perspective on Future Trends in ADAS Testing.

    Balaji Lenin, General Manager, Rane Brake Linking and Michninari Ishikawa, Manager, Nisshinbo Brake, spoke about the Brake friction material for advanced vehicle technologies.

    Jojo Chacko, Technical Product Expert, Vector, spoke about ‘Addressing Challenges in Vehicle Dynamics for ADAS’.

    Raunak Santosh, DGM Head – Chassis & Active Safety, IDIADA gave a presentation on ‘Vehicle Dynamics – In the age of new Technological Revolution.’

    Day 2

    The second day of the event saw Ms. K Rajrajeswari, Senior Engineer, GARC and S Perumal, Manager, GARC gave a presentation on Vehicle Dynamics & ADAS Testing Solutions at GARC.

    Sunil Patil, Director Engineering, ZF India spoke about the ‘Scalable ADAS Systems for Emerging Markets’.

    Prof C Lashmikanathan of Amrita School of Engineering, brought in the academic perspective on how educational institutions were accelerating vehicle dynamics development using modern test environment and tools.

    Cederic Asselineau, Business Development Manager, Stahle, spoke about the evolution in Robotics and Software for human driving style imitation.

    Steve Boyle, MD, Moshon Data, shared his view on ADAS & lack of knowledge surrounding it with everyday users.

    Prakash Abhayanker, Head India Operations – 4active Systems brought in his perspective on what the Future of ADAS Testing meant for the company.

    Rejin Sathianesan, Senior Technical Expert, Bosch gave a presentation on Securing ADAS: ‘Protecting the future of ADAS system’.

    In the last session for the event, a panel discussion took place on the topic of ‘Navigating the Future: Bridging ADAS and Vehicle Dynamics for Smarter Driving’. The panellists included – Bob Rupani, Veteran Auto Journalist; Balasubramanian N, VP – Product Engineering, Renault Nissan Technology & Business Centre in India; Nagarajan, Vice-President, SAE India; Ramanathan, Vice-Chair, SAEINS & MD, ATS and Hari Krishnan M, Co-Convenor MIC-IV & Senior GM, Engineering, Maruti Suzuki India. A range of topics were discussed ranging from how automakers and suppliers had to make the latest technology work in India but also making it more robust and affordable. The panel was moderated by Nilesh Wadhwa, Assistant Editor, Motoring Trends.

    The event also saw partner organisations give demonstrations on technologies such as – Automated Emergency Braking (AEB), self-parking technology, automatic braking and cruise control among others.

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      Rapido To Invest INR 1.5 Billion In Mobility And Infrastructure

      Rapido To Invest INR 1.5 Billion In Mobility And Infrastructure

      Rapido has signed a Memorandum of Understanding (MoU) with the Transport Department of the Government of West Bengal to enhance urban mobility in the state. Currently executing one lakh rides per day across West Bengal, Rapido, as per the MoU will invest INR 1.5 billion towards initiatives such as electric mobility, women’s safety and to create road safety awareness. 
      A significant portion of the INR 1.5 billion, which is INR 1.3 billion, will be directed towards the development of urban electric mobility by deploying electric vehicles across Kolkata and other parts of the state. Rapido will also work on building the necessary infrastructure to support a seamless transition to sustainable transportation in line with West Bengal’s commitment to reduce carbon emissions and improve last-mile connectivity.  
      As per the MoU, Rapido will also focus on ‘Pink Mobility’ initiative, a programme that is designed to provide safe and reliable commuting options for women. The company will introduce a dedicated fleet of pink-coloured two-wheelers and four-wheelers, driven by women captains. To further encourage women’s participation in the transport sector, Rapido will also provide financial assistance worth INR 120 million over the next three years to enable women captains to own and operate their vehicles.
      As part of the arrangement, Rapido has also pledged INR 50 million towards road safety and awareness campaigns. This will include quarterly driver training programmes in collaboration with government-accredited training centres, public awareness campaigns on traffic regulations and helmet distribution drives. Rapido will also work closely with the Transport Department to support state-led road safety initiatives, reinforcing its commitment to creating a safer commuting environment.

      Image for representative purpose only. 

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        ATS Commissions A New EV Lab At Amrita University's AARTC

        ATS Commissions A New EV Lab At Amrita University's AARTC

        Automotive Test Systems has inaugurated a new EV lab at Amrita Automotive Research and Technology Centre (AARTC), Coimbatore. The AARTC is part of Amrita University, with which Automotive Test Systems has a long standing association. In fact, the AARTC has completed 10 years of operation and has been supporting the industry and academia by helping them to conduct research on various domains including powertrain emission testing, RLDA, vehicle dynamics, NVH, ADAS etc. it has enabled the development of safer, sustainable and reliable products .
        A grand affair, the inauguration of the new lab was done by Latha Chembrakalam, Vice President and Head of Technical Centre India, Continental Automotive (Bengaluru), Dr Rmdhas rumugam Sakunthalai, Director, GARC, Rajesh D, Vice President, Volvo Group Trucks Technology, and Bhaktha Keshavachar, CEO, CharaTechnologies.
        The new lab houses a 48 kWh electric motor test bench, a battery test lab and a simulation lab as an extension of the existing facility.
        Coinciding with the 10th anniversary of the tech centre that Automotive Test Systems and Amrita University are already operating jointly, the inauguration of new lab saw delegates and guests from the industry and academia made it to Coimbatore. 
        They also attended a two day workshop on sustainable mobility at the Amrita University, 
        The entire CIR team of Amrita University led by Prof. Parameswaran attended the event. The mechanical engineering team led by Prof. Ramesh lend its support in organising the event.
        The team of AARTC led by P.N. Prasad, Desigan Murugesan and Prof. Lakshmikanthan C contributed to the success of the event. 
        State-of-the-art, the 160 kW test bench and chassis dynamometer in the lab are already being used extensively by the industry for testing and development of electric motors and motor controllers among other electric vehicle components, mentioned Ramanathan Srinivasan, Managing Director, Automotive Test Systems.
                            
                                               dashing                

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          Hi-Tech Group To Unveil DGMS-Compliant Mining Safety Suite At Bharat Mobility Global Expo 2025

          Hi-Tech Group To Unveil DGMS-Compliant Mining Safety Suite At Bharat Mobility Global Expo 2025

          Novus Hi-Tech, a global leader in Driver Monitoring System (DMS), In-Cabin Sensing and Advanced Driver Assistance System (ADAS), is all set to unveil and implement its latest suite of safety solutions for mines, in compliance with Directorate General of Mines Safety (DGMS), on the Eicher Pro 8035 XM mining trucks at the prestigious Bharat Mobility Global Expo 2025, Yashobhoomi, New Delhi.

          Specifically designed to address the unique challenges faced in mining operations and other heavy-duty applications, the mining safety suite includes cutting-edge solutions like the Driver Monitoring System (DMS), an AI-based camera system that tracks driver behaviour in real-time to identify and notify drivers in the event of fatigue or inattention. Additionally, the suite features the Auto Dipper System, which automatically lowers headlights to low beam for maximum visibility while minimising glare for other road users, and the Proximity Warning System (PWS), an advanced RADAR system that provides real-time notifications regarding adjacent objects and vehicles.

          Live product presentations and demonstrations showcasing how these patent-pending innovations improve operational safety, enhance regulatory compliance and mitigate risks in difficult mining environments will be part of the unveiling event, which will take place on 20 January 2025 at 11:30 am at OD1.1 in front of exhibition hall 2.

          Anuj Kapuria, CEO & Founder, The Hi-Tech Group, said, "Our unwavering mission to help fleets achieve zero-accident operations through cutting-edge technologies is exemplified by the Hi-Tech Safe product suite, which has already prevented over 200,000 accidents. Today, we are thrilled to launch a pioneering safety solution specifically designed for mining operations, in partnership with Eicher Trucks and Buses, setting a new standard for operational safety and efficiency."

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