German technology and services major Bosch has announced its financial performance for Q4 and FY2025. The company reported revenue of INR 49 billion in Q4 FY2025, up 16 percent YoY and profit after tax of INR 5.54 billion, up 11.1 percent YoY.  It attributed the performance on the back of a buoyant automotive market, particularly within the tractor and passenger car segments.

During the period, Bosch’s Mobility business sector's product revenue grew by 14.9 percent QoQ, driven by increased sales in the off-highway and passenger car segments. The Beyond Mobility business sector saw a flat growth of 1.7 percent.

Guruprasad Mudlapur, President of the Bosch Group in India and Managing Director of Bosch, said, "Amid a challenging business environment, we concluded FY2024-25 with strong revenue growth and increased sales across businesses. Sustained demand in the off-highway and passenger car segments contributed to our performance this quarter. This development reflects our agility in adapting to dynamic market needs and our continuous focus on customer centricity."

For FY2024-25, revenue from operations climbed by 8.1 percent to INR 180 billion, bolstered by increased sales in the off-highway segment and the Mobility Aftermarket business. The profit after tax came at INR 20 billion, which was 11.1 percent of the revenue.

Within the Mobility business sector, product sales for the fiscal year increased by 7 percent, predominantly due to growth in the overall passenger and tractor segments. Domestic sales for this sector also rose by 6.2 percent. The Powertrain Solutions division experienced a 5.8 percent sales increase, driven by the tractor segment and increased export sales. Meanwhile, the Mobility Aftermarket division saw an 8.4 percent rise, thanks to heightened market demand for diesel components and filters. The Beyond Mobility sector recorded a 4.4 percent increase in sales, propelled by the consumer goods segment.

Bosch Limited also announced a strategic decision to divest its 6.97 percent shareholding in Nivaata Systems (Routematic), having achieved its goals for the initial investment made in 2020.

Future Outlook

Sharing his perspective on the company’s performance for FY2026 and beyond, Mudlapur, said, "India is poised to become a leading automotive powerhouse with high levels of engineering and manufacturing excellence. In the coming years, we expect substantial growth in India as a strategic market, with an accelerated shift towards digitalisation, electrification and sustainable mobility. At Bosch, we are fully geared to lead this change and remain committed to being the preferred technology partner for OEMs in India and the world over."

The company anticipates continued growth in non-mobility areas through sustained infrastructural investments, reinforcing its position as a multi-sector technology leader.

The broader Bosch Group is forging ahead with its ambitious Strategy 2030, aiming to solidify its competitive standing. Despite a challenging market environment last year, which saw sales revenue decrease by 1.4 percent to EUR 90.3 billion (0.5 percent adjusted for exchange-rate effects), the group remains focused on its long-term objectives. EBIT (earnings before interest and taxes) from operations stood at EUR 3.1 billion (2023: EUR 4.8 billion), with an EBIT margin from operations of 3.5 percent.

Stefan Hartung, Chairman of the Board of Management of Robert Bosch, affirmed: "In the 2024 business year, we achieved important improvements in terms of costs, structures, and portfolio. We are sticking to our ambitious targets in order to continue to grow and strengthen our financial independence. Our Strategy 2030 gives us the orientation we need, especially in times of global turbulence, to become one of the top three providers in our core markets in five years’ time at the latest.”

Going forward, Bosch has outlined its financial targets of attaining 6 percent and 8 percent annual average growth until 2030, assuming a normal inflation rate of between 2 percent and 3 percent.

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Tier 1 supplier Sona BLW Precision Forgings (Sona Comstar) has announced its financial results for Q2 FY2026 and H1 FY2026. The component supplier reported its highest-ever quarterly revenue, EBITDA and net profit in the Q2 FY2026. The company reported significant growth driven primarily by its electric vehicle (EV) traction motor and railway businesses in India.

Sona Comstar's revenue grew by 24 percent YoY, reaching INR 11.44 billion and net profit at INR 1.73 billion saw a 20 percent YoY growth. Revenue from Battery Electric Vehicles (BEV contributed 32 percent of the total revenue for the quarter.

For H1 FY2026, the revenue came at INR 19.94 billion, up 10 percent YoY, net profit at INR 2.97 billion, with 14.6 percent margin.

The company's net order book stands at INR 236 billion as of 30 September 2025, with 70 percent of the book attributed to EV programmes.

It noted a shift in its motor design due to the unavailability of heavy rare-earth magnets, moving to light rare-earth magnet motors for electric two-wheelers. It has also developed a rare-earth-free ferrite-assisted synchronous reluctance motor for three-wheelers and light commercial vehicles.

Vivek Vikram Singh, MD & Group CEO, Sona Comstar, said, “We achieved our highest-ever quarterly revenue, EBITDA and net profit in Q2 FY26. Our revenue grew by 24 percent YoY, primarily driven by the expansion of our electric vehicle traction motor and railway business in India. Due to the unavailability of heavy rare-earth magnets, we shifted to alternative motor designs and now manufacture light rare-earth magnet motors for electric two-wheelers. We have developed a rare-earth-free ferrite-assisted synchronous reluctance motor for three-wheelers and light commercial vehicles. It was also a successful quarter for business development as we won several significant new orders. We have been nominated for two additional programs – one in Asia and the other in Europe – to supply our motors and motor controllers for predictive active suspension systems. These nominations are important as they indicate that our innovative suspension system is gaining wider acceptance just months after its first commercial launch. We received our first order from our new driveline plant in Mexico to supply differential assemblies to an OEM in the USA, amid ongoing trade uncertainties. Lastly, we are partnering with Neura Robotics to jointly develop advanced components and technologies, with a focus on industrialising robots, cobots and humanoids in India and other markets.”

The company has secured new orders, including nominations in Asia and Europe to supply motors and motor controllers for predictive active suspension systems. It also received its first order from its new driveline plant in Mexico to supply differential assemblies to an OEM in the USA.

Sona Comstar is also partnering with Neura Robotics to jointly develop advanced components and technologies for industrialising robots, cobots and humanoids in India and other markets.

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German tier 1 supplier ZF’s Supervisory Board has announced changes to the leadership team, with Andreas Moser, the previous head of the Industrial Technology division, appointed to the Board of Management.

Effective 1 November 2025, he will be responsible for the Commercial Vehicle Solutions and Industrial Technology Divisions and the India Region. He has been with ZF for over three decades.

Sebastian Schmitt has been appointed head of the Electrified Powertrain Technology (E) division, which handles the company's conventional, hybrid and electric passenger-car drivetrain technologies. He currently leads the Electrified Powertrain Systems product line. CEO Mathias Miedreich retains Board of Management responsibility for the E division.

Dr. Rolf Breidenbach, Chairman, ZF Supervisory Board, said, “Following the changes to the Board of Management, it was important for the Supervisory Board to create clarity in the Group’s management. In Andreas Moser, we’ve found a Board member who has been with ZF for more than 30 years, many of them in management positions in ZF’s Commercial Vehicle Solutions and Industrial Technology divisions. This means competence and continuity. We’ve thus succeeded in setting up ZF’s management committee within a very short time so that the Group’s current challenges can be mastered.”

Mathias Miedreich, noted, “With this new Management Board, we have a strong and highly competent leadership team that will successfully guide ZF into the future.”

To drive the company’s realignment, the Group Board of Management will be reduced from six to five members. ZF is also establishing a Transformation Committee, a body that links key business areas – sales, materials management, production and strategy –directly with the Board. This team will manage the group-wide performance programme.

Miedreich, emphasised, “Our entire focus in the coming years will be on strengthening ZF’s operations, further increasing profitability and consistently expanding our financial stability. The new Transformation Committee stands for speed, clarity and impact – with the clearly defined objective of supporting our customers through forward-looking technologies and reliable partnerships.”

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Pune-headquartered automotive supplier Varroc has appointed Avinash Chintawar as its new Chief Operating Officer (COO) for Business I, effective 15 October 2025. He will report to Arjun Jain, Whole Time Director & CEO – Business I.

In his new role, Chintawar will oversee the Operations Vertical within Business I, with a focus on strengthening efficiencies and performance.

Prior to joining, Varroc, Chintawar served as Managing Director of Bosch Chassis Systems India and as Chairman of Bosch India Foundation. He previously held leadership positions within the Bosch Group, including Director of Operations at Robert Bosch Bamberg (Germany) and Managing Director at Bosch Electrical Drives India. He holds a Bachelor of Engineering from Visvesvaraya National Institute of Technology.

Jain, said, “We are delighted to welcome Avinash to the Varroc leadership team. His extensive experience and deep understanding of achieving operational excellence align perfectly with our needs as we drive the next phase of our growth. I am confident that under his leadership our operation will scale new heights of efficiency and sustainability.”

Chintawar, said, “I am excited to join Varroc at a time when the industry is undergoing such dynamic change. I look forward to working closely with the team to enhance operational excellence and contribute to its vision of sustainable and future-ready growth.”

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German tier 1 supplier ZF Group has secured a significant contract to supply its 430mm heavy-duty clutch systems to one of India’s leading commercial vehicle manufacturers.

The clutch systems, the company shared, is custom-engineered and manufactured locally, specifically adapted to meet the rigorous demands of Indian operating conditions and will power the OEM's higher horsepower engine platforms for both domestic and select export models.

The agreement, signed in May 2025, involves the supply of several thousand units, with the Start of Production (SOP) scheduled for mid-2026. The clutches will be produced at ZF's Chakan plant in Pune, reinforcing the Group's strategy to strengthen its regional manufacturing capabilities and commitment to localisation in India.

The new clutch system is designed for robust performance and features advanced lining materials that promise up to 20 percent longer clutch life, aiming to reduce maintenance costs and optimise the total cost of ownership for fleet operators. It is also designed to be compatible with both Manual Transmission (MT) and Automated Manual Transmission (AMT) systems.

Akash Passey, President - Region India, ZF Group, said, “ZF’s strategic focus on localisation and innovation for the Indian market, is reconfirmed with this business win. With our globally proven technological expertise and leveraging the strong local manufacturing footprint in India, our customers can access advanced technologies that meet global standards while being tailored for their markets. This win highlights our commitment to strengthening India’s role as a key hub in ZF’s commercial vehicles business.”

Paramjit Singh Chadha, Senior Vice President - CVS Division (India), ZF Group, said, “This business win is a strong endorsement of our advanced heavy-duty clutch technology which perfectly addresses the demanding operating conditions in India. This 430mm clutch system offers superior durability, optimised performance and compatibility with future-ready driveline architectures, including AMT. By localising production at our Chakan facility, we reinforce our commitment to the ‘Make in India’ vision and supporting our customers’ growth ambitions for both domestic and export markets.”

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