Tier 1 supplier Lumax Auto Technologies has signed an agreement to acquire the remaining 25 percent stake in IAC International Automotive India (IAC India) from the International Automotive Components Group (IAC Group).

It was in March 2023, Lumax had acquired 75 percent stake in IAC India and now plans to merge it with its operations. At present, IAC India is a key components supplier to OEMs such as Mahindra & Mahindra, Maruti Suzuki India, Volkswagen and Volvo Eicher Commercial Vehicles among others. Interestingly, IAC India is the sole supplier of integrated cockpits and door panels for Mahindra’s BE6 and XEV 9e.

IAC India has five manufacturing plants across the country including two in Chakan, Pune and one each in Manesar, Nashik and Bangalore. The company also has an in-house Engineering centre in Pune with key capabilities in product designing and engineering, dimensional engineering, product development, program management and tooling development. The Engineering centre has a team of 330 engineers and designers with Global experience catering to all tool development requirements from customers as well as from its global sister concerns.

Deepak Jain, Chairman, Lumax Group, said, “The consolidation will strengthen our strategic vision and enable future growth, building on the strong foundation to drive continuity, performance and scalability. This development marks a significant milestone in our journey towards long-term value creation and providing comprehensive solutions across lighting, plastics and interiors. It also reinforces its strategic position within IAC India and expands our footprint on major electric vehicle platforms of leading OEMs such as Mahindra & Mahindra, emphasising our commitment to the future of sustainable mobility.”

Anmol Jain, Managing Director, Lumax Auto Technologies, added, “This strategic move will further strengthen Lumax Auto Technologies’ foothold in four-wheeler automotive plastics. This further integration will allow for better cost optimisation and rationalisation of resources, potentially creating financial flexibility at the parent level to pursue future strategic, inorganic opportunities that align with our long-term vision.  In addition, it will accelerate innovation and enhance our value proposition per vehicle that is seeing a shift towards improved interiors in passenger vehicles.”

IAC Group will continue to support IAC India through a technology support agreement.

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The Automotive Component Manufacturers Association of India (ACMA) convened its 65th Annual Session in New Delhi, focusing on the theme ‘Navigating Geopolitical Challenges - Creating a Resilient Automotive Supply Chain in India’. The event brought together senior policymakers, global leaders, and industry captains, including Nitin Gadkari, H D Kumaraswamy, Piyush Goyal, and Maros Sefcovic.

In her opening address, ACMA President, Shradha Suri Marwah, emphasised the industry's resilience. She stated, “India’s auto component sector expanded beyond USD 80 billion in FY25, with exports crossing USD 23 billion – a testament to our growing reputation as a trusted global partner".

She also acknowledged the challenges ahead, adding, "Yet the road ahead demands greater resilience as we navigate geopolitical headwinds, technology disruption, and sustainability imperatives".

A key highlight was the release of an ACMA–McKinsey study, which projects the industry will reach USD 200 billion by 2030.

H D Kumaraswamy noted the government's strong policy push, saying, “Bold reforms such as the PLI scheme have already attracted over INR 295 billion in investments and created more than 45,000 jobs, far exceeding expectations".

At the valedictory session, Nitin Gadkari underlined the long-term vision for the industry. He stated, “Our goal is to make India the world’s leading hub for smart, safe, sustainable, and affordable mobility by 2030".

Piyush Goyal reaffirmed India’s growing role as a trusted global partner, asserting, “As global trade undergoes disruption, India and the EU are working towards a fair and balanced Free Trade Agreement that will strengthen our partnership for decades". H.E.

Maros Sefcovic stressed the importance of India-EU collaboration, adding, "A balanced Free Trade Agreement will be a win-win, unlocking greater market access, high-value investments, and new technologies for both regions". The session saw over 1,200 delegates in attendance.

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Chennai-headquartered JK Fenner (India), part of JK Group, recently marked its 70th anniversary on 2^nd September 2025, celebrating decades of innovation and growth.

The event was attended by Udhayanidhi Stalin, the Deputy Chief Minister of Tamil Nadu, as the Chief Guest, Vikrampati Singhania, MD, JK Fenner, also attended, along with customers and guests.

Founded in 1955, JK Organisation took over Fenner in 1987. Since then, JK Fenner has grown from a manufacturer of V-belts to a provider of belt, sealing and fluid transmission solutions. At present, JK Fenner operates nine plants, with five in Tamil Nadu. The company has investments in the state and renewable energy assets of 9.75 MW. Its R&D centres and a team of over 120 specialists support OEMs.

Udhayanidhi Stalin, said, “I congratulate JK Fenner India for its glorious journey over these seven decades. With contributions from companies like JK Fenner (India) Limited, Tamil Nadu has built a strong industrial base. Today, our state’s growth rate has soared to 11.19 percent. The company has supported, more than 10 lakh people, under its Corporate Social Responsibility (CSR) programmes. I assure you that the Tamil Nadu Government will always support local companies in expanding their global reach.”

Dr. Raghupati Singhania, Chairman, JK Fenner, said, “This milestone is not just a number, it is a legacy, a testament to seven decades of resilience, innovation, and excellence. From one facility in Madurai, we now operate nine state-of-the-art plants, and tomorrow we will proudly roll out our 75 millionth belt from our Automotive plant in Madurai, underscoring our leadership in power transmission solutions. Tamil Nadu has always been at the forefront of India’s industrial revolution, attracting world-class investments, and we at JK Fenner are proud to have contributed to this ecosystem and thank the government for its support to the industry and manufacturing sector in particular.”

Vikrampati Singhania, said, “It is both a privilege and a joy to celebrate 70 years of JK Fenner with our extended family of employees, partners, customers, and well-wishers. This milestone is not just ours, but the collective achievement of countless hands and minds who have propelled us forward. From humble beginnings in Madurai, we have grown into a trusted partner across automotive, industrial, agriculture, railways, and defence sectors. Looking ahead, our focus will be on driving future mobility, advancing sustainability, and expanding our global footprint through innovation, digitalisation, and world-class engineering.”

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German technology major Continental has announced the sale of its ContiTech Original Equipment Solutions (OESL) business to Regent, as part of its strategy to narrow the focus of its ContiTech group on industrial clients.

OESL, which develops and manufactures hose lines and bearing elements for both internal combustion and electric vehicles, employs over 16,000 people and generated approximately EUR 1.9 billion in sales in fiscal year 2024.

This is in line with the company's plan, outlined at its Capital Market Day in June, to establish four strong and independent business units.

Philip Nelles, Member of Continental’s Executive Board and Head of the ContiTech group, said, "The decision to sell OESL is part of our broader strategy to intensify our focus on our industrial business. Going forward, ContiTech will be a standalone specialist for material solutions with a strong focus on industry. Given the dynamic market environment, concentrating on industrial business is the cornerstone of our strategy. Following the sale of OESL, ContiTech will generate around 80 per cent of its sales with industrial customers. Our customer portfolio is highly diversified, both by industry and by region."

Michael A. Reinstein, Founder and Chairman, Regent, added, “With its attractive product portfolio and extensive automotive expertise, OESL has a strong foundation and excellent growth prospects. As a long-term, strategically oriented owner, we will work closely with management to drive the transformation to sustainable, future-oriented mobility solutions and harness OESL’s potential to enhance value. This will create meaningful opportunities for our employees around the world.”

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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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