Kinetic Engineering Ltd. (KEL), a key player in India’s automotive components industry, unveiled a major strategic initiative involving a convertible warrant issue worth INR 1.7 billion. The warrants, with an 18-month conversion period, include an initial investment of INR 550 million by March 2025 from the promoters. This represents 25 percent of the warrant subscription amount for future investments, pending approval from SEBI and shareholders. Additional commitments include INR 171 million from external investors with notable contributors such as Transaction Square LLP and Sai Geeta Penumetsa.

The phased investment plan allocates INR 600 million by March 2025, followed by INR 440 million by March 2026 and INR 730 million by March 2027. This capital infusion supports KEL’s goal of achieving a revenue target of INR 10 billion by 2029, a dramatic increase from its current revenue of INR 1.5 billion. The strategy also aims to raise the promoters’ stake in the company from 59 percent to 70 percent by 2027.

Since 2017, KEL’s promoters have steadily increased their stake from 49 percent to 59 percent with the current initiative boosting holdings by an additional 11 percent. Approximately 93.5 lakh new shares will be issued to promoters, bringing their total to 2.26 crore shares and increasing the company’s outstanding shares to 3.26 crore by July 2027. The investment is led by founder and chairman Arun Firodia, supported by family trusts—the Arun Firodia Trust and Jayashree Firodia Trust.

The infusion of capital and warrant issuance highlights the promoters’ confidence in KEL’s long-term strategy, enabling the company to enhance working capital, improve manufacturing capabilities, and accelerate innovation in high-growth areas such as electric vehicle (EV) components.

Driving Growth Through EV and Innovation
KEL’s aggressive growth strategy focuses on an expanded export business, a diversified portfolio and cost-reduction initiatives. The company is sharpening its focus on EVs through its subsidiary, Kinetic Watts & Volts, incorporated in September 2022. The subsidiary is developing advanced drivetrain solutions, gear systems, and other innovative products set to be unveiled soon.

To deepen its footprint in the EV sector, KEL is bolstering its developmental capabilities and exploring collaborations with OEMs. Its long-term strategy emphasises sustainable growth, enhanced domestic and international market presence, and maintaining leadership in the automotive components sector.

The promoters’ commitment to increased investment and stake expansion underscores their confidence in KEL’s future, positioning the company to capitalise on opportunities in the evolving mobility landscape. With a focus on innovation, value creation, and strategic execution, KEL is poised for transformational growth in a competitive market.

Commenting on the development, Firodia said, “Kinetic Engineering Limited has over 50 years of experience in manufacturing. It has successfully transformed into an auto components business and enjoys strong relationships with the world’s largest OEMs. Leveraging these long-standing partnerships, we expect to finalise significant business deals shortly. Additionally, we are heavily focused on the EV segment, with plans for our subsidiary, Kinetic Watts & Volts, nearing finalisation. These initiatives will drive an 8x to 10x revenue growth, and we are pleased to make this investment to meet the required capital expenditure, working capital, and growth initiatives. This infusion of capital from the promoters reinforces our growth blueprint, enabling us to take bold strides toward achieving our INR 1,000 crore revenue milestone. We are committed to using this investment to fuel innovation, improve operational efficiencies, and meet the evolving demands of the automotive and EV industries.”

Norway-headquartered automotive component supplier Kongsberg Automotive has inaugurated its new manufacturing facility in Faridabad, India.

The Norwegian company is a leading supplier of driver and motion control systems, fluid assemblies and industrial driver interface products. It primarily caters to on-highway, passenger cars, off-highway and aftermarket segments.

The company has established its presence in 17 countries globally, employs over 4,700 people in 32 locations and clocked EUR 788 million revenue in 2024.

The new facility primarily manufactures Drive Control Systems (DCS) products – steering columns, cable gear shifters, shift towers and shift-by-wire shifters, among others. Furthermore, the new facility will allow Kongsberg Automotive to expand its production capability for Flow Control Systems (FCS) products.

Robert Pigg, Executive Vice-President of Drive Control Systems, Kongsberg Automotive, said, “This relocation represents a significant step in Kongsberg Automotive’s ongoing journey toward growth and enhanced manufacturing excellence in India.”

The new facility is spread across 6,947 square metres, as compared to its previous plant in the same locality.

CK Holdings-owned Italian automotive tier 1 supplier Marelli has won three accolades at the 2025 Automotive News PACE Awards.

The company won awards for Innovation Partnership Award for Digital OLED Taillights, PACE Award for Digital OLED 2.0 Technology and PACEpilot Award for Electromechanical Suspension.

The first award jointly received by Marelli and Audi for their collaboration on the Digital OLED Taillight, featured on the 2024 Audi Q6 e-tron. The award highlights successful supplier-OEM partnerships in commercialising advanced technologies.

The second-generation Digital OLED Taillight allows drivers to personalise their vehicle with up to eight light signatures via the MMI or myAudi app. It also enhances safety through proximity indication and vehicle-to-everything (V2X) communication, displaying warning symbols in critical situations.

Frank Huber, President, Marelli’s Lighting business, said, “This award reflects our commitment to co-creating innovations with partners like Audi.”

The second award was won jointly by Marelli and OLEDWorks for the Digital OLED 2.0 rear lights on the Audi Q6 e-tron. The technology uses 60-segment OLED panels, controlled via a high-speed CAN-FD bus, enabling dynamic light signatures and improved safety features.

The system reduces mechanical complexity, increases energy efficiency and supports advanced animations. Steve Muench, Head of Marelli Lighting North America, and David DeJoy, CEO of OLEDWorks, accepted the award.

Lastly, Marelli was recognised for its Fully Active Electromechanical Suspension, which received a PACEpilot Award for its potential to transform future mobility. The oil-free system uses four actuators to adjust suspension in real-time, improving comfort and efficiency while reducing motion sickness.

Antonio Ferrara, President, Marelli’s Ride Dynamics business, said: “This award acknowledges our commitment to advancing vehicle dynamics for electric and autonomous vehicles.”

Hindustan Zinc Limited, India’s only and the world's largest integrated zinc producer, has launched Zinc Freight Bazaar, a digital-first logistics management system aimed at empowering customers, enhancing experience and simplifying the overall logistics process.

Zinc Freight Bazaar, which was created with a strong emphasis on user experience, makes it possible for clients to make knowledgeable logistical decisions and supports efficient production planning. The platform is designed to satisfy its users' complex needs. The platform offers a number of associated logistics service providers, real-time tracking, a logistics planner and a bidding mechanism. Customers had to switch between many systems for shipment monitoring and logistics coordination in the traditional zinc procurement process, but this new platform provides a simplified, end-to-end digital solution that enables business teams to easily acquire vital metals.

As a vital component of galvanisation, zinc protects steel from corrosion and supports vital sectors including electronics, renewable energy, infrastructure, high-tech manufacturing, defence and electric mobility. London Metal Exchange (LME)-registered premium products such as Special High-Grade Zinc, High Grade Zinc, Asia's first low carbon ‘green’ zinc EcoZen, Prime Western Zinc, Continuous Galvanizing Grade Zinc, Special High Grade Jumbo Zinc, High Grade Jumbo Zinc, Hindustan Zinc Die Casting Alloy 3, Hindustan Zinc Die Casting Alloy 5 and Special High-Grade Lead are among the products offered by Hindustan Zinc.

Arun Misra, CEO, Hindustan Zinc Limited, said, “At Hindustan Zinc, we have always prioritised a customer-first approach to enhance the critical metal buying experience. With the integration of digitalisation, we are taking a decisive step forward in delivering a seamless, tech-enabled experience. This platform simplifies procurement and reinforces our commitment to building a future-ready supply chain. As India’s economy continues to expand, the role of zinc in infrastructure development becomes increasingly vital. This platform will empower manufacturers with improved production planning while providing a unified solution for logistics management.”

ZF Commercial Vehicle Solutions, a division of German tier 1 supplier ZF Group, has recently secured a multi-year business order from one of India’s leading commercial vehicle manufacturers for supply of AxTrax 2 Electric Axles.

As part of the understanding, ZF will supply its AxTrax 2, an integrated and modular electric axle for medium duty buses, which the company said provides a more efficient, high-performance solution. The contract covers a supply of several thousand units over multiple years.

The AxTrax 2 electric axle is designed to replace the engine, transmission and conventional axle to electrify a commercial vehicle. It is part of ZF’s modular e-mobility kit, which integrates in-house developed components into an innovative axle-based solution that is efficient, compact and lightweight in design.

Akash Passey, President, ZF Group in India, said, “ZF Group has an established presence in India's commercial vehicle sector, consistently leading the charge in pioneering advanced technology solutions that enhance safety, efficiency, and sustainability in mobility. This business nomination highlights our pivotal role in delivering innovative mobility solutions tailored to meet the evolving needs of our OEM partners.”.

P Kaniappan, Senior Vice-President – CVS Division (India), ZF Group, added, "AxTrax 2 represents evolution of our journey towards market leadership and sustainability for the next generation of mobility in India. This milestone reinforces ZF Group’s position as the industry leader in e-mobility while delivering significant advancements for both our customers and the Indian market."