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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Bosch Ltd has reported 36.8 percent net profit decline to INR 7.049 billion in Q1FY27. It has attributed the performance to high base effect as it has come despite a revenue growth on the back of strong uptake from the automotive and power solutions category.

In its regulatory filing, Bosch has reported, the consolidated net profit in the corresponding quarter of the last fiscal was INR 11.153 billion. In Q1FY26, the company had recorded a total gain of Rs 5.56 billion on the sale of its video solutions, access and intrusion and communication systems business.

Its consolidated revenue from operations in Q1FY27 stood at INR 58.419 billion as against INR 47.886 billion in the same period last fiscal. Total expenses in the Q1FY27 period were higher at INR 51.258 billion as compared to INR 42.388 billion in the corresponding period in the last financial year.

Stating that the business performance of the company in the first quarter was driven by sustained demand across segments like passenger cars and commercial vehicles along with the increased sales in key product categories, Guruprasad Mudlapur, President, Bosch Group in India, and Managing Director, Bosch Limited, mentioned that the automotive sector in India is undergoing a structural shift towards safer, cleaner and personalised vehicles. Bosch, he added, is well-positioned to support this change by delivering high-value, future-ready solutions.
The product sales kitty of the company in Q1FY27 for the automotive segment saw an uptake of about 25.7 percent year-on-year. The power solutions business grew by 29 percent, also on the back of demand from the auto sector.

Image for representative purpose only. 

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India Resurgence Fund (IndiaRF), an investment platform promoted by Piramal Finance and Bain Capital, has acquired a majority stake in Fine Edge Engineering, which houses the iron casting and machining business of Ashok Iron Works and its related entities.

Founded in 1974, the Belagavi, Karnataka-based Ashok Iron Works Group manufactures machined iron castings. The company operates four foundries with an annual capacity of 144,000 metric tonnes and seven machine shops capable of producing 600,000 parts per year.

The company manufactures engine blocks, engine heads and transmission housings weighing between 20 kilograms and 5,000 kilograms, with capabilities to machine engine blocks from single-cylinder to 18-cylinder configurations. Its products supply industrial engine, agricultural equipment and automotive manufacturing sectors.

Shantanu Nalavadi, Managing Director, IndiaRF, said, “IndiaRF is excited about the Company’s growth potential and sees significant opportunities to further strengthen its capabilities and scale the business. We will support the business through investments in capacity expansion, R&D, new product development and operational excellence, while building on its long-standing customer relationships. The Company is also well positioned to benefit from growing demand for high-horsepower engine applications, particularly as the global data centre build-out accelerates.”

Jayant Humbarwadi, Joint Managing Director, Ashok Iron Works Group, said, “Over the past four decades, we have built a strong position in the iron casting and machining industry, supported by long-standing customer relationships, strong R&D capabilities and a focus on meeting our customers' evolving requirements. We are a single- or dual-source supplier to most of our customers and are pleased to partner with IndiaRF, whose experience in transforming businesses will support the Company's next phase of growth.”

The transaction provides capital for capacity expansion and research and development activities, while positioning the manufacturing unit to meet supply demands across industrial and high-horsepower engine markets.

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Automotive tier 1 supplier Uno Minda has announced its financial results for Q1 FY2027, achieving INR 55.57 billion in consolidated revenue, up 26 percent YoY. Last year, the company attained normalised revenue of INR 44.20 billion (i.e. excluding prior period income of INR 690 million) in Q1FY2026.

The EBITDA came at INR 5.72 billion, net profit of INR 2.96 billion, up 24 percent YoY.

This company witnessed growth across its core product offerings, including switches, lighting, alloy wheels, seating, as well as its new-age EV systems and alternate fuel divisions.

Ravi Mehra, Managing Director, Uno Minda, said, “Q1 FY27 reinforces Uno Minda’s strategic trajectory as we continue to outperform the broader automotive market. The ongoing shift toward vehicle premiumisation, connected mobility, and electrification is fundamentally elevating per-vehicle content across segments. By aligning our R&D roadmap with these structural industry shifts and accelerating execution across our new-age platforms, we are not just participating in market growth—we are driving the technological evolution of the vehicle cabin. Backed by disciplined capital deployment and expanding capacity, we are exceptionally well-positioned to lead the next phase of mobility innovation”

Sunil Bohra, CFO, Uno Minda, added, “Q1 FY27 marks a historic milestone for Uno Minda, as we delivered our highest-ever quarterly revenues with 26% YoY growth and a 24% increase in PAT. While we navigated a challenging commodity pricing environment during the quarter, underlying demand across the automotive sector remains strong. Our resilient performance reflects the strength of our technology leadership, product diversification, and focus on operational efficiencies. Driven by multiple growth initiatives, strategic investments, and increasing momentum in our new-age businesses, we remain confident of delivering sustainable, profitable growth while creating long-term value for our shareholders and other stakeholders.”

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Automotive supplier BorgWarner has secured extensions for multiple high-voltage inverter programs with a European original equipment manufacturer (OEM). The contract covers inverter designs for plug-in hybrid and 800V battery-electric vehicle platforms, with the start of production planned for 2029.

Under the agreement, BorgWarner will supply updated high-voltage inverters for plug-in hybrid vehicles incorporating its Application-Specific Integrated Circuit (ASIC) technology, configured to interface with the OEM's vehicle operating system.

For 800V battery-electric applications, the company will supply traction inverters utilising its Viper silicon carbide (SiC) power switches paired with a dual-sided-cooled power module.

Isabelle McKenzie, President and General Manager, BorgWarner PowerDrive Systems, said, “Extending several high-volume programs at the same time confirms BorgWarner's leading position in power electronics and the strength of our technology, in-house expertise and customer focus. Evolving our inverters generation by generation together with our customers, for both hybrid and fully electric applications, is how we build trusted, long-term partnerships with the world's leading OEMs.”

The inverter families are developed to support power management across both hybrid and electric drive architectures.

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