BorgWarner has extended its business with a major North American OEM regarding four EGR system volume contracts. The EGR systems find use in several passenger and light commercial vehicle platforms of the OEM for combustion and hybrid applications. The production of the EGR components – EGR valves, coolers, and modules – is expected to continue through the end of 2029. The respective systems are optimised for increased robustness against thermal fatigue. They reduce NOx emissions and improve fuel economy by recirculating a portion of the engine’s exhaust gases back into the intake air to reduce combustion temperatures. 
For the supply of eMotor, the automotive supplier has entered into an arrangement with a major, North American-based OEM to supply its 400V SW130 (S-wind) eMotor for use on a series of hybrid full-sized trucks and SUVs. The contract expands the global presence of BorgWarner's high-voltage, high-volume S-wind eMotor technology, with production expected to begin in the second quarter of 2028. 
The SW130 eMotor utilises S-wind technology as an alternator replacement in a high-voltage architecture, featuring a continuous, rectangular formed winding design that enables peak performance and enhanced power efficiency within a compact space. In contrast to hairpin motors, the compressed design of the S-wind technology applies radial wire insertion, makes better use of materials and reduces welding points by more than 90 percent. 

Motherson Sumi Wiring India (MSWIL), a leading automotive component supplier, has reported strong financial performance for the fourth quarter and full year ending 31 March 2025, with quarterly revenues (excluding Greenfield operations) reaching INR 23.91 billion, a 7.1 percent YoY growth for Q4FY25, outpacing industry volume growth.

The company, a leading automotive wiring harness manufacturer, remains a key supplier to nine out of the top 10 highest-selling passenger vehicle models in India for FY25 – a testament to its sustained market leadership and deep OEM partnerships.

Vivek Chaand Sehgal, Chairman, Motherson Sumi Wiring, said, “The company has delivered robust performance this quarter, with revenue growth surpassing industry averages. While maintaining a debt-free status and a strong focus on enhancing our operational efficiencies, we are investing in expanding our capacities. This will allow us to scale production to meet our customers' evolving requirements for current and future ICE and EV programs. I sincerely thank our customers for their continuous support. Also, I would like to thank our employees for their hard work, unwavering dedication, and commitment to excellence.”

During the quarter, the component supplier achieved its best-ever quarterly and annual results in terms of both revenue and EBITDA.

The company recorded an 8.8 percent revenue growth for the full fiscal year FY2025. One of its three greenfield facilities commenced production during the year, while the remaining two remain on track and at varying stages of completion.

Electric vehicle programs contributed 4 percent of revenue in Q4FY2025. The tier 1 supplier reported a robust 42 percent Return on Capital Employed (ROCE) for FY2025, continuing to exceed its 40 percent target.

American tier 1 supplier BorgWarner has further strengthened its business with two new orders from a Chinese transmission manufacturer and an extension from a German OEM in China for its dual clutch modules used in dual clutch transmissions (DCT).

Isabelle McKenzie, Vice-President, BorgWarner, said, “Our success in securing new projects in the Chinese market underscores BorgWarner's commitment to delivering innovative solutions in the region. We are dedicated to helping our customers grow their business in China and succeed in international markets.”

The seven-year extension with a German OEM in China follows a decade of successful collaboration. Compared to conventional longitudinal wet DCTs, the clutch assembly produced in BorgWarner’s Tianjin facility provides superior performance by reducing rotational inertia and minimising friction losses and leakage. These not only reduces drag torque but enhances transmission efficiency and provides a smoother responsive driving experience.

The company’s new business for supplying DCT clutch to a Chinese transmission manufacturer, will see the product being used in Chinese OEM’s SUVs and sedans, which will be sold in China and export markets. The clutch module will be produced in BorgWarner’s Taicang facility, features multiple key advantages – a compact design, superior thermal robustness and outstanding cost-effectiveness. Mass production is scheduled to commence by the end of 2025.

Bosch Group reported EUR 90.3 billion in revenue for 2024, down 1.4 percent YoY, with operating EBIT falling to EUR 3.1 billion. Despite the decline, the company remains committed to its Strategy 2030, targeting 6–8 percent annual growth and a 7 percent EBIT margin by 2026.

Chairman Stefan Hartung confirmed ongoing cost optimisation, structural adjustments, and job cuts in Europe to improve competitiveness. Bosch posted a 4 percent YoY sales increase in Q1 2025.

The company has also announced EUR 250 million investment in startups via Bosch Ventures and plans to double its Scope 3 emissions reduction target to 30 percent by 2030.

Bosch expects modest global growth in 2025 (2.25–2.75 percent) and aims for 1–3 percent organic sales growth. Acquisitions of Johnson Controls and Hitachi’s HVAC businesses may further boost sales by up to 2 percent.

Mobility: Sales fell 0.7 percent to EUR 55.8 billion. Bosch is expanding in hydrogen and EV technologies.

Consumer Goods: Sales rose 1.6 percent to EUR 20.3 billion. Bosch is increasing product launches and regional manufacturing.

Industrial Technology: Sales declined 13 percent to EUR 6.4 billion amid weak global demand.

Energy & Building: Sales dropped 2.7 percent to EUR 7.5 billion, with growth expected from new HVAC acquisitions.

Regional sales fell in Europe but grew in the Americas (+4.8 percent) and Asia Pacific (+0.7 percent). R&D spend reached EUR 7.8 billion, with free cash flow at EUR 0.9 billion.

Bharat Forge, one of India’s leading automotive component suppliers, has demonstrated resilience in its standalone financial performance for the fourth quarter and full fiscal year 2025, navigating global headwinds while capitalising on robust growth in its defence sector business.  The company showcased a steady performance despite challenges in certain international markets.

For Q4 FY2025, Bharat Forge recorded standalone revenues of INR 21 billion, with an EBITDA of INR 6 billion, translating to a healthy EBITDA margin of 29.1 percent. The company also reported a Profit Before Tax (PBT) of INR 4.9 billion.

For FY2025, Bharat Forge reported standalone revenues of INR 88 billion, a marginal dip of 1.4 percent compared to the INR 89 billion recorded in FY2024. Despite this slight decrease in revenue, the company managed to improve its profitability, with EBITDA at INR 25 billion (EBITDA margin of 28.5 percent) and PBT at INR 19 billion, both showing a marginal improvement compared to the previous fiscal year. The company also highlighted a strong balance sheet with cash on books of INR 26 billion.

The company stated that FY25 Revenues remained flat despite weakness in European CVs, mixed performance in export PV business. Oil & Gas recouped from the lows of FY24 while Defence displayed steady growth.

At a consolidated level, Bharat Forge reported revenues of INR 15.1 billion in FY2025, remaining relatively flat compared to the INR 15.6 billion in FY24. However, the company saw a significant improvement in consolidated EBITDA margins, rising from 16.4 percent to 18.2 percent.

A significant highlight of the year was the strong order inflow, particularly in the defence sector. During Q4 FY25, the company secured new orders worth INR 43 billion, including a substantial INR 34 billion towards the ATAGS order. As of March 2025, the defence order book stood at a robust INR 94 billion. For the entire fiscal year, the Bharat Forge group secured new orders worth INR 69 billion, with the defence sector accounting for an impressive 70 percent of these new wins.

The company also highlighted the strong performance of its ferrous castings business, which witnessed significant growth with revenues increasing by 23 percent, EBITDA by 35 percent, and a doubling of profits compared to FY2024. Key return ratios for this segment exceeded 20 percent.

Looking ahead to FY2026, Bharat Forge outlined its strategic focus on improving consolidated profitability through several internal actions. These include reducing losses in the e-mobility vertical, evaluating options for the steel business in Europe, improving operational performance in the aluminium business, leveraging North American manufacturing footprint and focusing on new business wins across traditional forgings, defence, aerospace and castings. The company also anticipates the integration of the AAM India business in FY2026, which is expected to further enhance its product portfolio and presence in the Indian market.