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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Indian-origin lubricant manufacturer NDTH Energy has significantly advanced its global standing with the Volvo VDS-3 approval for its EnerG G Force XL engine oil. This prestigious certification confirms the lubricant's compliance with some of the most stringent international performance standards for heavy-duty engines, specifically in areas like extended oil drain intervals, superior engine wear protection and enhanced fuel efficiency for commercial vehicles.

This achievement is a major endorsement, positioning NDTH among a select group of global lubricant companies and greatly strengthening the product's acceptance worldwide. It follows another notable milestone for the company, which was the first from the country to secure the demanding Mercedes-Benz MB 229.51 and MB 229.52 certifications for its fully synthetic engine oil. These accomplishments collectively underscore the company's consistent ability to develop products that meet exacting original equipment manufacturer specifications.

Complementing its innovation in lubricants, NDTH Energy has also formed a strategic partnership with German additive specialist GAT GmbH. This collaboration has introduced the GAT X EnerG line of automotive care products, including fuel system cleaners and engine flushes, to the Indian market. This initiative supports the national Atmanirbhar Bharat mission by elevating domestic capabilities in the automobile sector.

Navkaran Singh Sethi, Founder, NDTH Energy, said, “This achievement is a proud moment for NDTH Energy as an Indian-origin brand making its mark on the global stage. The Volvo VDS-3 approval underscores our commitment to engineering excellence, quality and sustainability while showcasing the capability of Indian manufacturers to meet the most rigorous international standards.”

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Aligarh-headquartered automotive component maker Pavna Industries is forming a a 80:20 joint venture with Taiwan-based SmartChip Microelectronic Corporation (SMC).

As per the understanding, Pavna will undertake and carry on the business of inter-alia making electronic components for the automobile industry (ICE & EV) and other industries, including hardware for residential/commercial industries, aero and medical, among others in India.

The JV will leverage Pavna’s operational, manufacturing and procurement expertise, as well as its deep understanding of the Indian automotive market, to oversee and manage the operations in India.

On the other hand, SMC will contribute its present and future technical skills, innovations and R&D capabilities in automotive e-lock systems, EV components like motor controller, throttle body, dashboard for two-wheeler & three-wheeler, EV charging piles and e-locking solutions for residential and commercial applications. SMC’s engineering and product development expertise will ensure the JV remains technologically advanced and globally competitive.

Swapnil Jain, Managing Director, Pavna Industries, sai,d "This strategic partnership is an important milestone on our path to emerging as a mobility solutions leader in advanced technologies. By merging Pavna's manufacturing and market capabilities with SMC's state-of-the-art electronics knowledge, we expect to speed up the penetration of EV technologies in India as well as grow into new high-growth markets. With this partnership, we will also further enhance our capacity to serve domestic and global markets with innovative, dependable, and sustainable solutions."

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Gulf Oil Lubricants India Limited, a Hinduja Group company, has announced its unaudited financial results for the quarter ended 30 June 2025, reporting its highest-ever quarterly volume, revenue, and EBITDA. The company achieved double-digit volume growth, which was more than three times the industry growth rate. Consolidated quarterly revenue exceeded INR 10 billion for the first time.

On a standalone basis, the company's revenue from operations was INR 9.96 billion, a 12.57 percent increase YoY, with a Profit After Tax of INR 9.6 billion, up 9.81 percent YoY. Consolidated revenue reached INR 1.01 billion, an increase of 13.69 percent YoY and PAT grew by 12.90 percent to INR 951.7 billion, . The company's EV charger subsidiary, Tirex, also saw significant growth, with its revenue for the quarter increasing by over 163 percent.

Strategic Developments and Outlook

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. This expansion will be spread over two years and is a key strategic initiative to support the company’s growth ambitions. The Silvassa plant's capacity will increase by 55 percent to 140 million litres, while the Chennai plant's capacity will double to 100 million litres.

Ravi Chawla, Managing Director and CEO, Gulf Oil, said, “The year began on a strong note, delivering yet another market leading performance achieving double-digit volume growth of 11% during the quarter, clearly over 3x the industry growth rate. This underscores the strength of our brand and continued trust of our consumers. Our EV charger subsidiary, Tirex, continued to perform well and closed the quarter with over 163 percent growth in topline catering to broader customer base."

Manish Gangwal, CFO, Gulf Oil, added, "We are quite excited to see our consolidated revenue crossing INR 10 billion as we concluded the quarter with highest-ever volume, revenue and EBITDA, driven by strong strategic execution resulting in profitable, volume-led growth.” He also noted that the company's operating profit for the quarter was Rs. 126.58 crores, a growth of 8.9% over the same period last year.

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Minda Corporation, the flagship company of tier 1 supplier Spark Minda, has announced its financial results for Q1 FY2026 with revenue of INR 13.86 billion, up 16.2 percent YoY, EBITDA of INR 1.56 billion, EBITDA margin of 11.3 percent and a net profit growth of 4.7 percent at INR 650 million.

The tier 1 supplier attributes the growth to its strong product portfolio, expanding customer base and a focus on product premiumisation.

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.

It aims to provide end-to end solutions for automotive switches across two-wheelers, passenger cars and other automotive segments in India. The new JV has already received orders from customers in India with a greenfield plant to be set up in Noida. The operations are expected to commence in H2 of FY2027.

Furthermore, Minda Corporation also inked a collaboration with Qualcomm to co-develop Smart Cockpit Solutions.

Ashok Minda, Chairman and Group CEO, Minda Corporation, said, “The first quarter of FY26 witnessed a strong performance, supported by resilient demand across key vehicle segments. Leveraging our focus on operational excellence, technology integration, and customer-centric initiatives, we continued to strengthen our market position. As we progress through the year, we remain focused on expanding our market reach, enhancing exports, and delivering sustainable value to our stakeholders through consistent execution and strategic initiatives.”

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