Sona BLW Precision Forgings Ltd (Sona Comstar) announced its financial results for the quarter and nine-months ended 31 December, 2022.

Key financial highlights – Q3 FY23 – 
· Revenue of INR 6.85 billion with 39 percent YoY growth. 
· 26 percent revenue share from Battery Electric Vehicles (BEV), BEV revenue growth of 29 percent YoY. 
· EBITDA of INR 1.86 billion with a margin of 27.2 percent and 43 percent YoY growth.
· PAT of INR 1.07 billion with a net profit margin of 15.6 percent and 45 percent YoY growth.
· The net order book increased to INR 238 billion from INR 205 billion as of 30 September, 2022.

Key financial highlights – 9M FY23 –
· Revenue of INR 19.32 billion with 22 percent YoY growth.
· 25 percent revenue share from Battery Electric Vehicles (BEV), BEV revenue growth of 31 percent YoY. 
· EBITDA of INR 4.94 billion with an EBITDA margin of 25.6 percent and 17 percent YoY growth. 
· PAT of INR 2.76 billion with a net profit margin of 14.3 percent and 18 percent YoY growth.
· The net order book increased to INR 238 billion from INR 186 billion as of 31 March, 2022.

Commenting on the performance, Vivek Vikram Singh, Managing Director and Group CEO, Sona Comstar, said, “We delivered our highest quarterly revenue, EBITDA and net profit in Q3 FY23. Our revenue grew 39 percent YoY in the last quarter, driven by the scale-up of revenue from new programs. Our BEV revenue was higher by 29 percent YOY, representing 26 percent of overall revenues. Despite the continued high steel prices, the EBITDA margin improved by 80 bps YoY to 27.2 percent, driving EBITDA growth of 43 percent and PAT growth of 45 percent. We continue to progress on all our key strategic priorities. We won the largest single new order in our history, an EV driveline program which is a big step forward for us in both business development and technology, as this is a new product called an Electronic Differential Lock (EDL). This win demonstrates our ability to keep adding new and higher value-added products for our customers. We also made our first acquisition since 2019, and with NOVELIC, we have added a third pillar of sensors and software to our business.”

Operational highlights – Q3 FY23 and 9M FY23

Key developments
· A global EV OEM has awarded the company a new program to supply EDL for their upcoming BEV model. This program has added INR 33.5 billion to the order book and is the single largest new order win in the company's history. The program's start of production is in H2 FY24.

· The company has been awarded a new program for a US-European OEM of PVs and EVs to supply differential assemblies for their upcoming BEV model. This program has added INR 3.6 billion to the order book. The program's start of production is in H2 FY24.

Electrification 
· BEV revenue share: Revenue from battery EV grew 31 percent YoY INR 4.67 billion in 9M FY23 and contributed 25 percent of total revenue against 23 percent in 9M FY22. 

· EV programs: Eleven new EV programs and six new customers were added in 9M FY23. The number of awarded programs increased to 41 across 25 different customers.

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Tata Motors, one of the leading automakers in the country, has opened a Registered Vehicle Scrapping Facility (RVSF) under its Re.Wi.Re (Recycle With Respect) brand in Patna, Bihar.

The facility is spread across 5.5 acres and is operated by Kalahanu Bothra Group. It has the capacity to dismantle up to 15,000 end-of-life vehicles annually across all brands and vehicle segments, including two-wheelers, three-wheelers, passenger cars and commercial vehicles.

Operations at the unit are digitised and paperless. The facility uses cell-type dismantling setups for commercial vehicles, two-wheelers, and three-wheelers and line-type dismantling systems for passenger vehicles. Dedicated stations process individual components, including tyres, batteries, fuel, oils, liquids and gases, to meet national vehicle scrappage standards.

Speaking at the inauguration, Damodar Rawat, Minister of Transport, Government of Bihar, said, "The launch of this Registered Vehicle Scrapping Facility in Patna is a significant step towards safer roads and a cleaner transport ecosystem for the state. In line with the National Vehicle Scrappage Policy, the facility will help phase out old and unfit vehicles in a scientific and responsible manner, while encouraging owners to move to newer, safer and more fuel-efficient vehicles. Modernising our vehicle fleet is essential to reducing emissions and improving road safety across Bihar. I congratulate Tata Motors and the Kalahanu Group on this initiative and look forward to more such efforts that advance safe and sustainable mobility in the state."

Rajesh Kaul, Vice-President & Business Head – Trucks, Tata Motors, said, “The inauguration of our Patna facility marks another step in building a responsible, organised ecosystem for end-of-life vehicles across the country. The National Vehicle Scrappage Policy has created a structured framework to phase out unfit and polluting vehicles and, through well-designed incentives, encourages owners to transition to cleaner and more fuel-efficient vehicles. Guided by the principles of circular economy, we are equipped with the widest nationwide network of Registered Vehicle Scrapping Facilities to responsibly dismantle close to 200,000 end-of-life vehicles annually. We deeply value the unwavering support and collaboration of our partners, state governments and local authorities in turning this vision into reality.”

The Patna site brings the total number of Tata Motors vehicle-scrapping locations to 12. The company also maintains operations in Jaipur, Bhubaneswar, Surat, Chandigarh, Delhi NCR, Pune, Guwahati, Raipur, Lucknow, Kolkata and Ahmedabad.

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Motul India has expanded its Sehat Ki Samriddhi healthcare initiative in partnership with Smile Foundation, scaling the programme to 108 health camps across 27 districts from April to December 2026.

The corporate social responsibility (CSR) initiative targets over 21,000 beneficiaries, providing medical diagnostics, consultations and medicines to auto mechanics & their families.

The rollout more than doubles the 51 health camps conducted in the previous year. Since 2024, the initiative has held 91 camps across hubs such as Chennai, Pune, Kolkata and Mangalore, delivering care to over 18,300 individuals.

Nagendra Pai, CEO, Motul India and South Asia, said, "Auto mechanics are the people who keep India's vehicles running every day, yet they remain one of the most underserved communities when it comes to healthcare. Sehat Ki Samriddhi's expansion to 108 camps this year reflects our deepening commitment to these communities. We want to ensure that auto mechanics and their families receive the care and support they deserve, right at their doorsteps."

Each camp provides consultations, diagnostics for blood sugar and haemoglobin, essential medicines and first-aid kits, with support from Motul employees & distributors handling ground operations.

Santanu Mishra, Co-Founder, Smile Foundation, added, "Sehat Ki Samriddhi is a strong example of what happens when corporate commitment meets grassroots need. Auto mechanics might be facing occupational hazards every day that go unaddressed until it becomes serious health crises. By bringing doctors, diagnostics, and screenings directly to these beneficiaries, we are promoting and ensuring preventive care."

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GS Caltex India has unveiled the global identity of its lubricant brand, Kixx, featuring a modernised Kixx logo and the brand slogan ‘Lubricating the Future.’

Sung Hur, Executive Vice-President & Head of Chemical & Lubricants Business, GS Caltex, said, "The refreshed Kixx identity reflects our vision to lead the future of lubrication through innovation and customer-centric solutions. India is a strategic market for us and this launch reinforces our long-term commitment to delivering world-class lubricant technologies to customers across the country."

Vijay Savant, CEO & Managing Director, GS Caltex India, said, "The new Kixx identity represents more than a visual transformation, it reflects our commitment to delivering advanced, high-performance lubricant solutions backed by global expertise. As India's mobility and industrial sectors continue to evolve, Kixx is well-positioned to support their growth."

K Madhu Mohan, VP-Marketing, GS Caltex India, added, "'Lubricating the Future' embodies our promise to drive better performance, efficiency and sustainable progress. The refreshed identity will strengthen Kixx's presence while reinforcing the trust customers place in our brand."

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Lusso Designs India, a vehicle customisation company and part of Arpanna Group of Companies, has opened its first flagship experience centre in Mumbai.

The facility will function as a showroom and design atelier, displaying vehicles and components such as alloy wheels and upholstery. Lusso Designs is collaborating with designer Dhanesh Chheda of Just Men for this venture.

The company operates production hubs in Pune and Dubai and caters to brands such as Rolls-Royce, Bentley, Lamborghini, Aston Martin, Porsche, Range Rover, Mercedes-Benz, BMW, Audi, Tata Motors, Mahindra & Mahindra, Kia India and Hyundai Motor India.

Pratik Malkan, Chairman, Arpanna Group of Companies, said, "For over five decades, our Group has been built on the belief that enduring businesses are created by combining craftsmanship, innovation and an uncompromising commitment to quality. Lusso Designs represents the natural evolution of that philosophy into the luxury mobility space. India today is witnessing a new generation of discerning consumers who seek experiences that are deeply personal and globally benchmarked. With Lusso, we are not simply introducing another automotive customisation brand—we are creating an ecosystem where design, engineering and craftsmanship come together to redefine luxury ownership for the Indian market and beyond."

Vihaan Malkan, Director, Lusso Designs, said, "The inauguration of our flagship experience centre in Mumbai marks the beginning of a new chapter for the luxury automotive ecosystem in India. Over the past five decades, our group's legacy has been anchored on absolute discretion, precision engineering, and uncompromising quality. Through this experience centre, we are seamlessly fusing international luxury benchmarks with local design sensibilities. We are empowering discerning Indian vehicle owners to realise their ultimate vision of ultra-luxury, personalised comfort, and sustainable design, transforming their vehicles into a true extension of their individual identity."

The new facility is designed for vehicle customisation, offering services ranging from interior overhauls to the integration of materials.

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