American powertrain major BorgWarner has secured a contract with a global OEM to deliver its 400-volt HVCH (High-Voltage Coolant Heater) on a series of its plug-in hybrid electric vehicle (PHEV) platforms.

With production set to start in 2027, the HVCH PHEV will be incorporated in mid-size pickup trucks, SUVs and minivans. The deal is also BorgWarner’s largest HVCH PHEV award in North America to date based on expected volumes.

The 400V HVCH provides a compact and flexible design, which supports a wide variety of vehicle designs for OEMs, thus doing away with the need for a major overhaul on the vehicle platforms. By offering a high thermal power density thanks to its unique brazed aluminium fin technology with a power ranging up to 10 kW, it provides optimal heat transfer, improve flow distribution and help to degas and prevent bubble accumulation.

Dr Volker Weng, Vice-President, BorgWarner Inc. and President & General Manager, Turbos and Thermal Technologies, said, “BorgWarner has been collaborating with this global OEM on a variety of projects and is looking forward to furthering our relationship by providing this efficient solution for battery and cabin heating. Our HVCH technology compared to other heaters allows us to provide a solution that improves robustness and provides cost improvements for our customer without altering the overall vehicle environment.”

Tier 1 supplier Tenneco has appointed Arvind Chandra as the Chief Executive Officer of Tenneco India, encompassing the company’s clean air, Monroe Ride Solutions (MRS), Champion Ignition and Powertrain (Bearings and Sealings) businesses the country.

The company said Chandra comes with several decades of experience in the automotive sector, having held senior leadership positions at Delphi, Wabco, Faurecia (now Forvia) and Minda Corporation. In his last role, Chandra was India CEO for Aliaxis Group. His experience spans across manufacturing, marketing, sales, engineering, global business planning and CEO-level leadership across multiple regions.

Jim Voss, CEO, Tenneco, said, “India continues to be a critical growth engine for Tenneco. Arvind’s leadership, global perspective, and deep understanding of the Indian automotive ecosystem will help us scale further, innovate faster, and deliver greater value to our customers and partners across the region.”

Rishi Verma, President of Tenneco India, will report directly to Chandra and continue leading day-to-day operations. The existing leadership structure beneath Verma remains unchanged. In addition, Verma will assume expanded oversight of Tenneco’s piston, rings and valve seats and guides (VSG) businesses in India within the Powertrain solutions business.

The company expects Chandra to focus on – 

• Accelerating business growth and deepening local and global customer partnerships.
• Driving innovation in lightweight and cost-effective solutions tailored to the region.
• Positioning India as a global hub for manufacturing and cross-functional excellence.

French automotive supplier Valeo reported first-quarter sales of EUR 5.3 billion, marking a slight 1 percent decline on a like-for-like basis, as the company reaffirmed its financial targets for 2025.

Original equipment sales remained stable compared to the same period last year, while aftermarket sales saw a 3 percent increase. Despite a turbulent global environment, the company credited its performance to resilience in key markets and rapid cost adaptation.

Christophe Perillat, CEO, Valeo, said, “In a turbulent environment, Valeo maintained its original equipment sales in the first quarter. This result was delivered thanks to a solid performance in Europe and in Asia excluding China and despite delayed production start-ups in North America and a rapid shift in the customer mix in China.”

To safeguard its 2025 objectives, Valeo is ramping up restructuring efforts. The company is targeting a 5 percent reduction in administrative and selling costs and a 15 percent cut in investments for property, plant, equipment and intangible assets in the first half of 2025 compared to the same period last year.

The group is also taking aggressive measures to mitigate the financial impact of U.S. tariffs and trade restrictions, including a comprehensive review of its supply chain and a firm push to recover costs through pricing policies.

“Our ability to adapt quickly and maintain strict cost discipline allows us to stay on course. None of this would be possible without the unwavering commitment of our teams,” added Perillat.

Valeo also highlighted continued commercial success in Advanced Driver Assistance Systems (ADAS), citing a significant new order from Volkswagen. The deal underscores Valeo’s growing role in next-generation automotive technologies, driven by its dual expertise in both hardware and software.

“Our order intake strategy remains focused on profitability, and our recent momentum in ADAS reflects that,” added Périllat.

The company said its 2025 targets are based on the latest market assumptions from S&P Global Mobility, and current trade measures as of 29 April 2025.

Automotive component supplier Sundram Fasteners has announced its financial results for the quarter and year ended 31 March 2025.

For Q4 FY2025, the revenue came at INR 13.53 billion, up from INR 12.78 billion in the same period last year. Domestic sales stood at INR 9 billion (INR 8.4 billion in Q4 FY2024), while exports were INR 4 billion (INR 3 billion in Q4 FY2024). Net profit came at INR 1.34 billion as compared to INR 1.32 billion.

For FY2025, total revenue was INR 52 billion, as against INR 49 billion, which includes domestic sales of INR 34 billion, as against INR 33 billion last year. Exports grew by 12.39 percent to INR 15 billion, as against INR 14 billion last year. The net profit came at INR 5 billion, as against INR 4 billion last year.

The consolidated revenue for FY2025 came at INR 59.83 billion, as against INR 57.2 billion last year, while net profit came at INR 5.4 billion, compared to INR 5.25 billion last year.

Arathi Krishna, Managing Director, Sundram Fasteners, said, “We achieved the highest-ever quarterly PAT at INR 1.34 billion by maintaining strong financial discipline, sustaining a positive cash balance and adopting best practices in quality management and automation. This growth is particularly encouraging as we have witnessed significant progress in our non-auto business, which has contributed to our overall robust performance. Our growth is supported by strong domestic and export order book. We remain committed to driving volume-led growth by leveraging emerging opportunities in the electric vehicle segment and continuing our focus on innovation which will enable us to outpace industry growth rates.”

During the year, Sundram Fasteners incurred a CAPEX of INR 3.7 billion towards capacity expansion and new projects across internal combustion engine vehicles (ICE), plug-in hybrids and electric vehicles.

Tier 1 supplier UNO Minda has got approval from its Board to set up a new greenfield plant for manufacturing of high-voltage electric powertrain for the passenger vehicle and commercial vehicles segment. These products include combined charging units, e-axles, inverters, and motors. The location still being determined is expected to see an investment of around INR 4.23 billion, which will be funded through a combination of debt and equity.

UNO Minda Auto Innovations, a subsidiary of the company, will execute the project, which subsequently will be converted into a joint venture company with Suzhou Inovance Automotive (Inovance Automotive).

The JV eventually will see Uno Minda hold 70 percent equity stake. The CAPEX will be phased over the next three years, with Phase 1 expected to be commissioned by Q2 FY2027.

Ravi Mehra, Managing Director, UNO Minda Group, said; “This investment underscores Uno Minda's commitment to driving the future of electric mobility in India. By establishing this state-of-the-art facility, we will be well-positioned to meet the growing demand for high-voltage EV powertrain solutions. Our partnership with Inovance Automotive brings together our respective strengths and will enable us to deliver cutting-edge technology to our customers.”