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Gulf Oil Lubricants Records Highest-Ever Quarterly Performance, Plans INR 550 Million CAPEX
August 14, 2025
The Board of Directors has approved an INR 550 million capital expenditure (Capex) plan to increase manufacturing capacity by 70 percent, from 140 million litres to 240 million litres.
MT Bureau
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Minda Corpo Reports INR 650 Million Net Profit For Q1 FY2026
August 13, 2025
During the period, Minda Corporation also entered into an agreement with Toyodenso to establish a 60:40 joint venture in India for manufacturing and selling of advanced automotive switches.
MT Bureau
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BorgWarner Bags New Order To Supply E-Motor To Chinese Automaker
August 11, 2025
As per the understanding, BorgWarner will supply a platform-based design, compatible across a full range of NEV applications, including battery electric and hybrid models. It also incorporates BorgWarner’s innovative ultra-short hairpin welding process,
MT Bureau
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ACMA Hosts Inaugural STEER 2025, Setting the Course For India’s Automotive Aftermarket
August 08, 2025
According to data presented by Ernst & Young, India’s auto component sector has experienced robust growth, registering a compound annual growth rate (CAGR) of 12 percent from FY2018 to FY2024. The aftermarket segment itself expanded at around 8 percent
MT Bureau
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Lumax Reports Net Profit Of INR 540 Million In Q1 FY2026
August 08, 2025
The company also highlighted key strategic initiatives during the quarter, including the full acquisition of IAC India, which strengthens its position in the EV interior space. Additionally, the Board of Directors approved the establishment of a branch of
MT Bureau
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Tata AutoComp To Acquire IAC Group Slovakia
August 07, 2025
The move is part of Tata AutoComp’s strategy to further strengthen its capabilities and expand its presence in the UK and EU markets.
MT Bureau