Mahle is taking a significant step in its transformation by refining its corporate structure to enhance agility and efficiency under its 2030+ strategy. The changes involve merging business units to strengthen the core areas of electrification and thermal management, both structurally and operationally. As part of this restructuring, Mahle will acquire the remaining 25 percent minority stake in its thermal management subsidiary, Mahle Behr GmbH and Co. KG, cementing its commitment to this strategic area. The group management board reduced from seven members to four, effective 1 January 2025.

Starting in 2025, Mahle consolidated its five business units into three. Four existing units merged to form two new entities, aligning related production technologies to accelerate internal collaboration and establish a more cohesive operational framework.

“Mahle is doing its homework for the transformation,” said Chief Executive Officer Arnd Franz. He added, “Through these far-reaching changes, we will make our business ready for the future. We are accelerating the implementation of our group strategy which will position us as an innovative and sustainably profitable shaper of future mobility.”

Chairman of the Mahle Supervisory Board Dr. Heinz K. Junker said, “Through the reorganisation and the resulting streamlining of the Management Board, we will significantly improve the integration of our group and be able to make more effective use of synergies.”

The company’s Chief Exectuive Officer emphasised that this reorganisation would not only improve internal cooperation but also provide new opportunities for locations historically tied to combustion engine technologies, enabling them to apply their expertise to emerging, future-oriented sectors. This restructuring is also expected to create a high-performance production network while delivering cost savings.

The new powertrain and charging business unit will integrate the former engine systems and components and electronics and mechatronics units. This move will leverage Mahle’s extensive experience in engine systems to advance its electrification strategy, focusing on efficient electric motors and intelligent charging solutions. A key success in this area is the development of the electric compressor, one of the company’s most prominent products.

Similarly, the thermal and fluid systems business unit will combine the former filtration and engine peripherals and thermal management units. By integrating filtration expertise into its thermal management capabilities, Mahle aims to deliver competitive, future-oriented technologies to the market. The company’s dedication to thermal management is further demonstrated by its full acquisition of Mahle Behr GmbH & Co. KG, completing a process that began with its initial stake in 2010.

The aftermarket division with its established product range and growing focus on electrification and digitalisation will continue as a standalone unit under the new name lifecycle and mobility.

Franz will remain management board chairman and CEO while also assuming the role of statutory Labour Director, as human resources will no longer be a separate function on the board. Dr Beate Bungartz, the current labour director, stepped down on November 29, 2024. Markus Kapaun will continue as Cheif Financial Officer. Jumana Al-Sibai, currently responsible for the thermal management unit, will lead the new thermal and fluid systems business unit. Martin Weidlich, previously in charge of filtration and engine peripherals departed the company on November 29, 2024.

Georg Dietz, presently heading the engine systems and components unit, will lead the new powertrain and charging business unit. Additionally, Martin Wellhoeffer, currently overseeing the electronics and mechatronics unit, will transition to the thermal and fluid systems unit as Chief Operating Officer.

With its restructured organisation, Mahle aims to strengthen its position in electrification and thermal management while ensuring a more agile and cost-effective approach to future challenges. 

“Following several major acquisitions in the thermal management field, this step will successfully complete the integration of this business in the Mahle Group,” said Franz.

Commenting on the development, Junker said: “On behalf of the Mahle supervisory bodies, I would like to thank the management board members Dr. Beate Bungartz and Martin Weidlich, who are now leaving the group, for their excellent and dedicated work. In his five years with Mahle, Weidlich has performed great services both for the filtration and engine peripherals business unit and in his group responsibility for operational excellence, production and purchasing. Over the past two years, Bungartz has successfully continued the development of our human resources organisation and has initiated the transformation dialogue with employee representatives in Germany. Bungartz and Weidlich have my best wishes for their personal lives and careers in the future. Equally, the supervisory bodies and I would like to thank Wellhoeffer for his considerable commitment as a management board member. Under his leadership for almost two years, the electronics and mechatronics business unit has significantly expanded the competences of Mahle in the fields of efficient electric drive systems and intelligent charging. We are convinced that Wellhoeffer will forge ahead with the operational excellence and transformation as COO of what is to be our largest business unit in the future."

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Schaeffler, a motion technology company, will showcase its range of electrified powertrain technologies at the 13th Schaeffler Automotive Symposium in Buhl this June.

The event, themed ‘Beyond Driving. Innovation made by Schaeffler.’, will highlight solutions for the entire spectrum of drive systems, including battery electric vehicles (BEV), plug-in hybrids (PHEV), hybrid electric vehicles (HEV) and range extender applications (REEV).

In the battery electric segment, the company focuses on highly integrated and scalable systems. The key developments include system integration, which combines e-axles, drive units and software to create efficient overall systems. Scalable inverter solutions platforms with X-in-1 functionality designed for faster time-to-market and lower costs. Enhancing electric motors and bearings – such as current-insulated variants – through material efficiency and modern manufacturing. Lastly, streamlining development using new approaches to reduce product complexity and accelerate market readiness.

For the hybrid and range extender architectures, Schaeffler will present technologies designed for diverse hybrid topologies, ranging from P1 to P3 systems. These solutions include:

• Dedicated Hybrid Transmissions: An all-in-one platform for hybrid and plug-in hybrid vehicles that integrates software and mechanical components.
• Range Extenders: Systems that utilise internal combustion engines more efficiently to support the ongoing transition to electric mobility.
• Seamless Integration: High-performance actuators and sensors used to make engine operation quiet and clean for vehicle occupants.
• Platform Compatibility: Designs that can be integrated into existing vehicle architectures while meeting cost and performance requirements.

Matthias Zink, CEO, Powertrain & Chassis, Schaeffler, said, “With our Powertrain technology cluster, we will be showcasing Schaeffler’s extensive development capabilities in the powertrain segment at the Schaeffler Automotive Symposium. We offer all customers the entire spectrum of powertrain technologies – from components to functionally integrated systems.”

Thomas Stierle, CEO, E-Mobility, Schaeffler, added, “Our expertise in mechanical engineering, electronics and software enables us to develop scalable system solutions. Thanks to a consistently integrated approach, Schaeffler is developing electric powertrains that optimally combine efficiency, a compact footprint, functionality, sustainability and industrialization.”

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Sundram Fasteners has announced that it achieved its highest ever annual revenue, EBITDA and profits in FY2026. The company surpassed the INR 60 billion consolidated income milestone during this period.

For FY2026, the company’s consolidated income reached INR 63.68 billion, EBITDA at INR 1.07 billion and net profit of INR 5.92 billion.

In Q4 FY2026, the income came at INR 15.29 billion, up 12 percent YoY, domestic sales grew by 14 percent at INR 10.28 billion, net profit of INR 1.79 billion, up 34 percent YoY.

In FY2026, Sundram Fasteners incurred INR 4.04 billion in capital expenditure to expand capacity for existing business lines and new projects.

Growth was supported by momentum in non-auto segments, including wind energy, aerospace and railways. In the automotive sector, sales were bolstered by the North American Class 8 truck market and internal combustion engine (ICE) vehicle sales.

Arathi Krishna, Managing Director, Sundram Fasteners, said, “Our performance this quarter reflects the strength of our operational discipline and our unwavering focus on customer centricity. Despite a challenging global environment marked by geopolitical uncertainties, we have delivered all-time high results driven by robust domestic demand and improved efficiencies. We continue to see strong momentum in our non-auto segments such as wind energy, aerospace, and railways, which provide significant headroom for future growth. Additionally, new business wins across geographies have enabled us to further expand our global footprint. The uptick in North American Class 8 truck and ICE vehicle sales has supported growth in our automotive portfolio, while our strategic shift to directly engage with OEMs outside India in the fasteners division has enhanced both margins and market access, even amid broader industry sluggishness.”

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Tier 1 automotive supplier Sona BLW Precision Forgings (Sona Comstar) has announced its financial results Q4 FY2026 and FY2026, reporting its highest levels of revenue and profitability to date.  The company recorded growth in its electric vehicle segment, with revenue from battery electric vehicles (BEVs) contributing 39 percent share for FY2026.

For Q4 FY2026, the revenue grew by 47 percent YoY to reach INR 12.72 billion, EBITDA at INR 3.11 billion, up 32 percent YoY, PAT at INR 1.92 billion, an uptick of 17 percent YoY. Interestingly, revenue from battery electric vehicles program reached INR 3.59 billion, marking a 22 percent YoY increase.

During the quarter, the company secured four driveline programs. This included three orders from European manufacturers, marking the first time the firm has won three such contracts in a single quarter. These programs include:

• North American BEV Program: An order from a European manufacturer to supply gears, adding INR 2.2 billion to the order book.
• European BEV Program: A contract from a luxury manufacturer for assemblies, valued at INR 1.4 billion.
• Hybrid Platform: An INR 1.2 billion order from a European client for assemblies.
• Indian BEV Platform: An INR 1 billion order to supply assemblies for the Indian market.

For the full financial year, Sona Comstar recorded revenue of INR 44.75 billion, up 26 percent as compared to FY2026.  EBITDA for the year stood at INR 11.07 billion with a margin of 24.7 percent. The company expanded its portfolio by adding nine new electric vehicle programs and three customers, bringing its total to 67 programs across 35 customers.

Vivek Vikram Singh, MD & Group CEO, said, “Q4 FY26 was our strongest quarter financially and an important step forward in our strategic and technology roadmap, with new customers added in Europe and two new railway products commercialised. We delivered our best-ever quarter, with the highest revenue, EBITDA, PAT, BEV revenue and BEV revenue share. Revenue grew by 47 percent YoY, primarily driven by growth in EV traction and suspension motors, differential gears, differential assemblies along with consolidation of railway business. BEV revenue grew 22 percent YoY and BEV revenue share reached an all-time high of 39 percent. During the quarter, we won four driveline orders which includes three EV programs and one hybrid program. For the first time, we won three orders from European OEMs, and this is our first EV program win from Europe in almost four years. The hybrid program wins reinforce our view that hybrids are an opportunity for us, not a risk.”

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Tier 1 component and technology company Schaeffler India has announced its financial results for the Q1 CY2026, maintaining double-digit growth momentum across its primary business segments.

For Q1 CY2026, the company reported an 18.8 percent YoY uptick in revenue at INR 25 billion with a net profit margin of INR 3.19 billion, up 19.3 percent YoY.

The company attributed the robust results to strong performance in Automotive Technologies and Vehicle Lifetime Solutions, which fuelled stable earnings quality to increased localisation and improved capital efficiency.

While revenue grew significantly compared to the same period last year, it saw a marginal decline of 5.1 percent compared to the preceding quarter (Q4 CY2025).

Harsha Kadam, Managing Director and Chief Executive Officer, said, “We are pleased to report continued strong growth momentum across all our business segments. Automotive Technologies, Vehicle Lifetime Solutions, and Exports delivered robust double-digit growth, driven by successful business wins in our key focus areas. Despite ongoing supply chain challenges and inflationary headwinds, we successfully maintained the quality of our earnings. This reflects the effectiveness of our strategic focus on localisation and capital efficiency. We remain fully committed to achieving our financial and operational targets, capitalising on market opportunities and delivering consistent value to our stakeholders.”

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