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.

Comments (0)

ADD COMMENT

Link Copied!

JK Fenner (India) has announced the appointment of Jegapriyan Govindarajan as the company's new President. Based out of Chennai, he will report directly to Vikrampati Singhania, Vice-Chairman & Managing Director of JK Fenner.

Govindarajan comes with nearly three decades of industrial and automotive sector experience to the role, with a professional track record of leading business transformations and profitable growth across both domestic and multinational organisations.

Prior to joining JK Fenner, Govindarajan served as the Managing Director & General Manager (India) at Garrett Motion Technologies India. His previous executive leadership stints include tenures as Managing Director at Tecumseh Products Company and Valeo Lighting Systems India.

He holds a Bachelor’s degree in Mechanical Engineering from Madurai Kamraj University and a Post Graduate Diploma in Business Management from XLRI, Jamshedpur.

JK Fenner operates a robust manufacturing and research network across India, consisting of 9 state-of-the-art manufacturing facilities and 4 advanced R&D centres. The company's domestic distribution channels establish an all-India market presence, complemented by an international export footprint that spans more than 50 countries.

The company supplies specialised mechanical and industrial components to critical sectors such as steel, cement, power, textiles, agriculture, and automotive original equipment manufacturers (OEMs). Its core product portfolio encompasses – Oil Seals & Hoses; Gearboxes & Geared Motors; Pulleys & Belt Tensioners; Front-End Accessory Drive (FEAD) Systems and Moulded Rubber Products.

Moving forward, JK Fenner is expanding its technical and engineering frameworks to target emerging industrial sectors. The company's long-term strategy focuses on developing components tailored for the electric vehicle (EV) ecosystem, integrating AI and digital technologies into its operations and increasing corporate focuses on environmental sustainability.

Vikrampati Singhania said, “I am confident that Govindarajan will provide strong and adept leadership and steer JK Fenner on a new growth trajectory.”

Comments (0)

ADD COMMENT

Link Copied!

FORVIA Clarion Electronics has been awarded four distinct vehicle display supply contracts spanning China, India and South America. The business wins underscore the company's regional footprint and its ongoing commercial relationships with prominent domestic and international original equipment manufacturers (OEMs) across China, India and Europe.

The engineering and development phase for these display programs is scheduled to run from Q2 of 2026 through Q4 of 2027. Mass production and delivery will utilise the company's localised, ‘local-for-local’ manufacturing strategy to maximise operational efficiency and maintain proximity to assembly lines in major automotive markets.

The newly secured business covers multiple digital cockpit and vision technologies, reflecting the ongoing transformation of vehicles into software-defined, connected platforms. The awards comprise large-format display solution, which are designed to provide an immersive, digitally enhanced cockpit experience to satisfy consumer demand for higher-resolution interior interfaces. An advanced digital mirror display program aimed at enhancing driver safety, visibility and vehicle aerodynamics. Two additional display implementations tailored to modular and scalable vehicle platforms across diverse price segments.

As vehicle cockpits evolve, global automakers are increasingly demanding integrated, cost-effective display electronics that offer flexibility and customisation without compromising scalability. These contract wins align with FORVIA’s broader IGNITE corporate strategy, which prioritises technological scaling, system integration capabilities and rapid innovation within the In-Cockpit Experience (ICX) domain.

Yves Dumoulin, Executive Vice-President, FORVIA Clarion Electronics, said, “These wins reflect the trust our customers place in our ability to deliver high-performance electronics across diverse regions, customer profiles and market. They demonstrate how our teams continue to execute with excellence while aligning fully with FORVIA’s IGNITE strategy, focusing our strengths, scaling our technologies, and accelerating innovation for In-Cockpit Experience (ICX). These achievements show that FORVIA Clarion Electronics is not only delivering today but building the foundation for long-term leadership.”

Comments (0)

ADD COMMENT

Link Copied!

Automotive component manufacturer Tenneco Clean Air India has announced its financial results for the Q4 and FY2026. The company, which supplies emission controls, powertrains and suspension systems to original equipment manufacturers (OEMs), reported a value-added revenue (VAR) increase of 17.5 percent YoY for Q4 and 12.3 percent for the full fiscal year.

The company said it utilises value-added revenue as its primary performance metric to exclude pass-through substrate costs from its operations.

For Q4, value-added revenue reached INR 14,058 million, up from INR 11,963 million in the corresponding quarter of the previous fiscal year. Earnings before interest, taxes, depreciation and amortisation (EBITDA) for the quarter stood at INR 2,573 million, representing an 18.3 percent margin on value-added revenue. Profit after tax (PAT) for Q4 grew 19 percent YoY to INR 1,668 million, yielding an 11.9 percent margin.

For FY2026, total value-added revenue rose to INR 54,040 million compared to INR 48,904 million in FY2025. Full-year EBITDA reached INR 9,255 million, establishing a margin profile of 18.8 percent. Annual profit after tax concluded at INR 6,044 million, equivalent to a 12.3 percent margin, while return on capital employed (ROCE) increased to 94 percent from 57 percent in the prior fiscal year.

The company's revenue streams are divided across two core business segments:

• Clean Air & Powertrain Solutions: Generated INR 6,905 million in Q4 FY2026 and INR 49,180 million for the full fiscal year.
• Advanced Ride Technologies (ART): Generated INR 7,153 million in Q4 FY2026 and INR 24,885 million for the full fiscal year.

The total cumulative lifetime order book, excluding programs already in active commercial production, reached INR 124,000 million as of 31 March 2026. This order volume encompasses the revenue targets set by management for the fiscal year 2028.

During the fiscal year, Tenneco India secured several development contracts across its operating divisions, including the selection of its advanced suspension system for a vehicle platform by an Indian SUV manufacturer.

Additional contracts were signed with a Japanese passenger vehicle manufacturer for emission systems, a European commercial vehicle manufacturer for aftertreatment solutions and an Indian commercial vehicle manufacturer for an engine platform. The company also executed a technology proof-of-concept for a Euro VII emission control layout with a European truck manufacturer and secured a contract for bearing systems with a Japanese passenger car OEM.

To accommodate current order volumes, the company has approved a total capital expenditure allocation of INR 1,400 million. The investment framework funds the construction of two production sites: a greenfield manufacturing plant for Clean Air Systems located in North India, alongside a greenfield facility for Advanced Ride Technologies located in West India.

Arvind Chandra, Whole-Time Director and CEO, Tenneco India, said, “Over the past few years, the team has worked diligently to build a resilient, diversified and execution led business model. This was clearly demonstrated during the quarter and the year under review. Despite geopolitical headwinds since the end of February 2026 and the incremental overheads associated with becoming a listed entity, the team delivered a FY2026 double-digit topline growth at 12 percent and, more importantly, a strong operating performance with the highest-ever EBITDA margin at 18.8 percent. Supported by a strong and expanding order book, we continue to proactively scale our manufacturing capabilities to meet rising customer demand. In addition to the recently announced expansion in Northern India of INR 710 million, we plan to expand our manufacturing presence in Western India with an investment of INR 690 million, leading to a total of INR 1,400 million. These strategic capacity additions position us well to capture incremental growth opportunities, strengthen customer partnerships and support long term value creation. We recently completed a strategic Proof of Concept with a leading European Truck OEM for a Euro VII–compliant Clean Air solution, thereby strengthening capabilities in advanced emission technologies and readiness for future legislations. Also, we were honoured with the Zero-Defect Supplier Award by Toyota in the ART business, underscoring our commitment to operational excellence. In addition, we secured a strategic entry into the engine bearings business at a leading Japanese OEM, due to superior product technology, better quality and longstanding business relationship across other product verticals. Our H2 FY2026 order book addition stands at INR 60,254 million. Combined with the previously announced H1 order book, net of orders currently under production, the incremental lifetime order book reached INR 124,000 million as of March 31, 2026. This robust order book provides strong revenue visibility covering more than 100 percent of FY28 target revenues underpinning a healthy double-digit CAGR trajectory.”

Comments (0)

ADD COMMENT

Link Copied!

Fire has been reported at the Hyundai Mobis factory in the industrial belt of Sriperumbudur in the later half of the day. The fire is said to originate in the scrap area of the plant and grow rapidly, leading to a swift response from the firefighting authorities.

Hyundai Mobis is a key supplier to Hyundai Motor India whose manufacturing plant is not far away from this unit. It took about four hours for the fire to be brought under control. The damage caused by it is not yet clear, and if or how it will affect the operations at the automaker, Hyundai, since Hyundai Mobis is a key supplier to the company.

Comments (0)

ADD COMMENT

Link Copied!