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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Tata Technologies has announced a partnership with Synopsys, a provider of engineering solutions, to accelerate the shift towards Software-Defined Mobility (SDV). The collaboration aims to accelerate the development, verification and validation of automotive electronics systems, helping Original Equipment Manufacturers address the complexity of SDVs.

The collaboration will combine Tata Technologies’ expertise in vehicle engineering with Synopsys’ virtualisation solutions to enable the deployment of electronics digital twins (eDTs).

The companies have already worked with a leading European luxury OEM in a pilot engagement, delivering a blueprint to transition the manufacturer's existing electrical/electronic (E/E) architecture to a next-generation software-defined design. Pilot programmes with other major OEMs are also underway across North America, Europe and India.

The joint effort will focus on major SDV domains, including ADAS, powertrain, chassis, infotainment and electrification. Key areas of focus include:

• Shift Left Enablement: Developing virtual prototypes and simulation models for early software bring-up.
• Analysis: Using Synopsys tools for performance, power, safety, and reliability analysis for faster ECU development cycles.
• Verification: Providing embedded systems and software verification and validation services aligned with ISO 26262 and ASPICE standards.

Sriram Lakshminarayanan, Chief Technology Officer, Tata Technologies, said, “The digital shift is redefining the future of mobility, and our partnership with Synopsys is a purposeful step towards realising a future led by software-defined innovations. As OEMs move to new ways of working, there is a growing demand for engineering and digital services. Together, we are empowering OEMs to deliver safer, smarter, and more sustainable vehicles that enhance the human experience and accelerate the industry’s transition to a software-defined future.”

Tom De Schutter, Senior Vice-President, Product Management & Markets Group at Synopsys, said, "The complexity of SDV systems requires a new level of collaboration across the automotive ecosystem. By bringing together our world-class digital twin, verification, and IP platforms with Tata Technologies’ engineering expertise and global delivery, we are enabling OEMs to accelerate development, validation and delivery of complex software- and AI-defined vehicles. The collaboration is a great example of how the automotive ecosystem is coming together to accelerate innovation while reducing risk and time to market in a dynamic mobility landscape.”

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Mobileye, a leading provider of Advanced Driver Assistance Systems (ADAS) and autonomous driving technologies, is set to be a focus at the inauguration of the ADAS Test City on 12 December 2025 in Pune, India.

The ADAS Test City dubbed India’s first testing track dedicated to ADAS and autonomous vehicles, has been developed by the Automotive Research Association of India (ARAI).

Mobileye’s participation highlights its commitment to India’s evolving automotive landscape. The ADAS Test City is designed as a pseudo-urban test environment to validate key ADAS features such as Automatic Emergency Braking (AEB), Lane Keeping Assist (LKA), Pedestrian Detection and Adaptive Cruise Control under realistic driving conditions.

Elie Luskin, Vice-President, India and China, Mobileye, said, “The successful launch of India’s first dedicated ADAS testing track by ARAI marks a major milestone, underscoring the market’s commitment to scaling ADAS adoption and improving road safety – an ambition that aligns seamlessly with Mobileye’s long-term mission both globally and in India. As a global leader in ADAS and autonomous driving, Mobileye brings cutting-edge expertise and solutions to India, working alongside local partners to unlock new opportunities and deliver safer roads for all. We are proud to support ARAI in this important step and to continue strengthening our role in India’s ADAS journey.”

Mobileye’s leadership will play a central role in the event's dialogue:

• Keynote Presentation: Elie Luskin will deliver a keynote outlining Mobileye’s global roadmap and its impact on India’s drive toward safer mobility.
• Panel Discussion: Dhairyashil Gaekwad, Director, Business Development & Strategy, India, will participate in a panel on ‘ADAS for the Indian Market – From Premium to Mass Adoption,’ sharing insights on integrating safety systems across all vehicle segments.

The ADAS Show brings together automotive leaders from OEMs and suppliers to accelerate India’s transition toward intelligent mobility.

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Sibros, the company behind the Deep Connected Platform for software-defined vehicles (SDVs), has appointed Vijay Sharma as its new Chief Customer Officer (CCO).

In his new role, Sharma will lead global customer success, solution engineering and customer programmes to support Sibros' expanding portfolio of connected vehicle solutions and growing customer base.

His leadership is expected to strengthen Sibros' capabilities across its Deep Connected Platform, as well as in areas like functional safety (FuSa), security, applications, systems, diagnostics & electronic and electrical architecture. This focus will enable end-to-end SDV partnerships with customers.

Sharma brings nearly two decades of global experience from FEV, where he served as Managing Director and Technical Director at FEV India. At FEV, he led large-scale vehicle software, connectivity and energy mobility programmes for Indian and global customers.

Hemant Sikaria, CEO, Sibros, said, “Vijay’s combination of deep technical insight and customer-focused execution aligns perfectly with our mission to power the software-defined future of mobility. As we scale our solutions and support a broader range of OEMs worldwide, his leadership will ensure our customers can deploy, adopt, and evolve with confidence.”

Vijay Sharma, said, “The industry is transitioning from one-time launches to continuously updatable, software-driven vehicles. Sibros is uniquely positioned to enable that shift, and I’m excited to help our customers around the world implement the platforms and programs needed to unlock their SDV strategies.”

As CCO, Sharma will guide the full customer lifecycle, bridging product, engineering and business teams to drive successful outcomes. This move comes as OEMs and innovators across passenger, commercial, two-wheel and off-highway segments adopt the Sibros platform.

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Tier 1 supplier Mahle is entering the stationary battery storage systems (BESS) market after securing its first series order for a cooling module. These storage solutions are used for providing and stabilising power grids and for the temporary storage of renewable energy from sources like wind and solar power.

The company shared that its customer is an international commercial vehicles and drivetrain manufacturer that builds its own battery storage systems. Mahle will leverage its experience in developing cooling modules for electrified buses for this new sector. The newly developed cooling module will go into series production in 2026.

Christian Kuechlin, Vice-President, Mahle Industrial Thermal Systems, said, “We can easily transfer the knowledge of cooling modules we have gathered in the transportation sector to stationary battery storage system in containers. Since the space in the container is mainly to be used for battery stacks, Mahle develops space saving, compact and efficient cooling solutions in line with customer requirements.”

Older stationary BESS were cooled by simple air conditioning systems. However, the higher energy density in modern lithium-ion batteries generates more waste heat, requiring a higher cooling capacity.

The Mahle module provides up to 42 kW of liquid cooling. This ensures the batteries operate in the optimal temperature range of 20deg Celsius to 30deg Celsius, which is vital for long service life, durability and stable load management.

Mahle is expanding its business beyond the automotive sector. In industrial thermal management, the company is also developing modules for liquid-cooled cables in fast-charging stations for electric vehicles. Thermal management technologies can also benefit high-performance computing, data centres and manufacturers of heat pumps or photovoltaic systems.

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