Posting a 21 percent revenue growth at INR 16,698 million as compared to INR 13,755 million during the same period last fiscal, Carraro India – a Tier-I solutions provider for axles, transmission systems, gears and other related components – has highlighted that it is transforming, innovating and leading across markets and technologies.

Announcing a 38 PAT increase at INR 889 million (which includes the impact of new labour code of INR 95 million) on the back of robust demand across domestic and export markets, the company has recorded an EBITDA (including other income) at INR 1,765 million, a growth of 28 percent on a year-on-year basis for the nine months’ of FY26 period with margins at 10.6 percent.

Witnessing a ramp-up of the new range of Tele Boom Handlers (TBH) axles for a major international OEM during the period under review (9Ms FY26), underlining healthy traction and strong visibility of sustained growth for the quarters to come, Carraro India also saw new projects with a domestic customer (global and Inda) contribute. This was about Tele Boom Handlers (TBH) family of axles during the respective period. This business too is expected to pan out well over the next quarters.

The company also experienced good traction in the area of backhoe loader transmission and axles. The sales of drivelines to construction equipment customers increased by approximately four percent during the nine months of FY26. It is during this period that construction equipment market declined by around five percent.

Receiving several enquiries for higher HP and technology configurations on the engineering services business side, the company signed an INR 175 million agreement with Montra for industrialisation and supply of e-transmissions.

The acceleration in shift from 2WD to 4WD tractors post GST reduction has resulting in a strong revenue growth during the nine months of FY26. Carraro India is ramping up capacity in anticipation of a sustained demand.

What was perhaps surprising was a subdued gears business performance during the respective period. In the nine months of FY26, a capex of INR 304 million was deployed to support new telescopic handler's axle production, high- performance new transmission range for agricultural applications and to grant incremental capacity for FY26 sales.

“Carraro India is not just performing – it is transforming, innovating and leading across markets and technologies,” said Dr. Balaji Gopalan, Managing Director, Carraro India Limited.

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HS HYOSUNG ADVANCED MATERIALS has taken part in JEC World 2026, the premier global composites exhibition, held from 10 to 12 March 2026 at the Paris Nord Villepinte Convention Center in Paris, France. The company’s participation focuses on its advanced carbon fibre-based composite technologies, applicable in the automotive sector, alongside other key industries such as aerospace, construction and renewable energy.

Having consistently attended this prestigious event since 2013, the company is using this year’s platform to showcase innovations that cater to both high-performance and large-scale industrial needs. A central part of its display includes high-strength 3K carbon fibre, notable for its enhanced tensile strength, making it suitable for demanding applications in automotive components, drones, aviation and civil engineering. To address the requirements of broader industrial markets, the company is also featuring its 48K Large Tow carbon fibre, designed for use in wind power and the automotive industry.

At its exhibition booth, HS HYOSUNG ADVANCED MATERIALS is demonstrating the practical versatility of its materials by displaying finished products such as drones and high-pressure hydrogen storage tanks, both manufactured using its carbon fibre. This approach underscores the material’s critical role in lightweighting and high-strength applications, including the growing field of hydrogen mobility.

Carbon fibre, which is both a quarter of the weight of steel and significantly stronger, is seeing rising demand for pressure vessels, automotive parts and wind turbine blades. As the first Korean company to domestically develop high-strength carbon fibre under the TANSOME brand in 2010, HS HYOSUNG has been operating its Jeonju plant since 2013 and is now expanding its production capabilities into China and Vietnam. Building on this foundation, the company aims to solidify its status as a global leader, particularly following its 2022 development of H3065, an ultra-high-strength carbon fibre over 14 times stronger than steel, intended for advanced aerospace and automotive sectors.

Jim Dal Lim, CEO, HS HYOSUNG ADVANCED MATERIALS, said, “JEC World 2026 is an ideal platform to showcase our outstanding technologies to a global audience and discover future collaboration partners. Through this exhibition, we will expand cooperation with global customers and actively explore new business opportunities in the composites market.”

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Belgium-headquartered Dumarey Group (formerly Punch Group) has appointed Abhishek Agarwal as the Vice President – India, effective 1 March 2026. He joins the propulsion systems provider from HORIBA India, where he served as Head of Mobility and Energy.

Agarwal comes with over two decades of experience in the automotive and engineering sectors. Before his tenure at HORIBA India, he spent over 15 years at AVL India as Business Unit Head for Simulation Software. His career also includes roles at Eicher Engineering Solutions and Minda Industries.

His technical focus encompasses: engine and transmission development; control functions and ECU solutions; fuel injection systems and electric vehicle systems.

The Dumarey Group was founded in 1983 by Guido Dumarey as an international business providing engineering services, systems and components for the automotive and industrial sectors. The company’s technology portfolio includes vehicle powertrains, control systems, dual-fuel hydrogen engines and energy storage.

The group operates across ten locations in Europe, the Americas, and Asia. With a workforce of 3,000 employees, it generates approximately EUR 1 billion in annual revenue.

Agarwal holds a Bachelor of Technology in Mechanical Engineering from the Institute of Engineering and Technology (IET) Kanpur. He also earned an Advance Diploma in Business Administration from the Institute of Management Technology (IMT) Ghaziabad.

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Advent HoldCo has confirmed it will not acquire the LANXESS stake in the ENVALIOR joint venture in 2026. This follows a tender submitted by LANXESS in September 2025. Advent cited financing conditions as the reason for the decision.

The tender and purchase periods for the shares in 2027 and 2028 remain in effect. LANXESS will continue its role in the joint venture. The company attributes the development of ENVALIOR to market recovery within the sector, synergies between the companies and consolidation among competitors.

LANXESS stated it remains financed despite the absence of sale proceeds in 2026. The company maintains a cash position and credit lines totalling more than EUR 1.35 billion. Repayment of the bond maturing in October 2026 is secured.

The company stated that it maintains access to debt capital markets and debt reduction remains its top priority.

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European automotive component supplier Marelli has launched its new generation Port Fuel Injection Engine Control Units (PFI ECUs) for petrol, flex fuel (ethanol, methanol and synthetic fuels) and Compressed Natural Gas (CNG) applications, specifically targeting the India, Brazil and EMEA markets.

The ECUs are designed, validated and produced locally in each region. This portfolio utilises Marelli’s 20-year history in flex fuel and bi-fuel technologies to address regional vehicle architectures and emission regulations.

The new ECUs incorporate the Infineon AURIX TC3x automotive microcontroller to manage multitasking and processing. The hardware and software are built to support calibration, homologation and customer-specific tuning.

Key technical features include:

• Processing: Integration of Infineon’s AURIX TC3x for reliability and fast processing.
• Architecture: Open system allowing third-party applications and Firmware Over-the-Air (FOTA) updates.
• Safety & Security: Compliance with ISO 26262 ASIL D functional safety standards and anti-tuning protection.
• Control Channels: Up to eight gasoline injector drivers and four CNG injector drivers.
• Diagnostics: OBDII diagnostics and wide-range O2 Universal Exhaust Gas Oxygen (UEGO) sensors for air/fuel ratio monitoring.

By localising production and R&D, Marelli aims to provide automakers with reduced costs and faster implementation times. The units manage all engine requirements, including integrated combustion algorithms and emission control strategies to meet local regulatory standards.

Giovanni Mastrangelo, Head of R&D for Marelli's Propulsion business, said, "As adoption speeds for propulsion technologies vary, Marelli continues to support customers across the powertrain spectrum. In markets where internal combustion engines remain relevant, our new engine control units enable greater efficiency, emissions reduction, and versatility. This reflects our system-driven approach and know-how in vehicle control, conventional and alternative fuel injection technologies and transmission systems.”

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