Tier 1 supplier MAHLE has announced its financial results for 2024. The company shared despite a turbulent economic landscape and declining global sales, it ended 2024 on a resilient note with an EBIT of EUR 423 million, up from EUR 304 million in 2023, consolidated net profit saw a slight to EUR 22 million. Sales fell to EUR 11.7 billion, a 5.6 percent organic decline, driven by weak markets in Europe and North America and slower EV adoption outside China.

CEO Arnd Franz credited the gains to rigorous transformation efforts under the MAHLE 2030+ strategy, including streamlined operations, a sharper focus on electrification, thermal management and efficient combustion engines and a EUR 186 million reduction in debt.

While most business units saw declining revenues – such as a 9.9 percent dip in Thermal Management and 8.0 percent in Engine Systems – Aftermarket emerged as a bright spot with 6.2 percent growth, bolstered by strong performance in Asia-Pacific. MAHLE also improved its equity ratio to 20.1 percent, marking the first upward trend in five years, while reducing headcount in line with falling sales. The company’s innovation pipeline remained robust, with EUR 630 million invested in R&D, leading to 536 new inventions and 427 patent applications. Among 2024’s highlights was a bionic high-performance fan that cuts noise by half in electric and fuel cell vehicles, a new evaporative cooling system for fuel cell trucks and the integration of electric drive components in heavy truck axles.

Order momentum was strong, with EUR 10.3 billion in new bookings across all strategic areas and powertrain types. These included over EUR 1 billion in battery cooling systems and electric compressors. The company also introduced a new group structure to strengthen focus areas and improve internal agility, consolidating business units and streamlining leadership. MAHLE sees promising growth potential in non-automotive applications, driven by its expertise in thermal management and compact electric motors.

Looking ahead, the company remains cautious amid geopolitical tensions and calls for clearer regulatory support for technology diversity in Europe. Franz emphasised that with the right political and economic framework, MAHLE is well-positioned to continue creating jobs and shaping a sustainable mobility future.

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BorgWarner has secured a new contract to supply its torque-on-demand transfer case with mechanical lock (Mlock TOD) for a full-size SUV developed by a Chinese automaker. Production is scheduled to commence in the final quarter of 2026.

The growing full-size SUV segment increasingly demands vehicles adept at varied terrains, yet traditional part-time systems often require manual mode selection, hindering adaptability. The Mlock TOD addresses this by offering intelligent torque distribution and enhanced convenience, effectively bridging on-road and off-road requirements.

Built upon a proven design, the Mlock TOD integrates torque-on-demand and mechanical lock functions to boost performance and offer flexible solutions across platforms. Leveraging its deep expertise, local production and market insight, BorgWarner remains committed to delivering reliable, high-efficiency drivetrain systems.

Henk Vanthournout, Vice President of BorgWarner Inc. and President and General Manager, Drivetrain and Morse Systems, said, “We have built a 20-year relationship with this customer and we’re proud to continue supplying our AWD technology for their newest SUV. The Mlock TOD featured in this programme combines torque-on-demand four-wheel drive with mechanical lock modes, helping address a wide range of driving conditions while enhancing off-road capability, handling and safety. As a leader in four-wheel drive technology, BorgWarner will continue to leverage its proven product portfolio and technical expertise to deliver greater value to customers.”

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BorgWarner has secured a new dual-clutch transmission (DCT) programme with a Chinese motorcycle manufacturer, with production scheduled to begin in the third quarter of 2027. The integrated systems solution encompasses dual clutches, hydraulic control modules and clutch control software, designed for two-wheeled motorcycles and four-wheeled vehicles featuring engine displacements above 500 cc.

As the motorcycle industry increasingly embraces automatic shifting, dual-clutch technology is drawing growing market interest over automated manual transmission (AMT) and continuously variable transmission (CVT) alternatives. Dual-clutch systems offer superior shift smoothness and higher power transmission efficiency, making them particularly well-suited for larger-displacement performance motorcycles where responsive and seamless gear changes are essential.

With nearly 10 million passenger car dual-clutch units delivered globally, BorgWarner brings proven engineering expertise and mature manufacturing capabilities to the two-wheeler segment. This programme reflects the company's evolution from a component supplier to a system-level partner, combining hardware and software to support the customer's domestic growth in China while facilitating expansion into Europe, North America and other international markets.

Henk Vanthournout, Vice President of BorgWarner Inc. and President and General Manager, Drivetrain and Morse Systems, said, “Passenger car transmission technology provides a strong reference point for the evolution of motorcycle automatic transmissions, and we believe automatic transmission technology will continue to gain momentum in the motorcycle market. With our proven DCT expertise and systems integration capabilities, BorgWarner is well positioned to support our Chinese motorcycle customer in bringing its DCT solution to production and advancing automatic transmission technology for motorcycle applications.”

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Tier 1 component supplier Sona BLW Precision Forgings (Sona Comstar) has announced its financial results for Q1 FY2027, reporting revenue of INR 13.10 billion, representing a 54 percent YoY growth. EBITDA reached INR 3.03 billion with a margin of 23.1 percent, while profit after tax stood at INR 1.81 billion.

Interestingly, battery electric vehicle revenue reached an all-time high of 44 percent of total revenue, growing by 107 percent YoY.

During the quarter, the company unveiled its Sona Comstar 2.0 strategy and announced its entry into the robotics and physical AI sector, alongside expansion into high-voltage electric and hybrid powertrain systems through a partnership with DENSO Corporation.

Vivek Vikram Singh, MD & Group CEO, commented: “Q1 FY27 marks the unveiling of Sona Comstar 2.0 – our ambition to grow tenfold again over the next decade. As part of this strategy, we announced our entry into Robotics and Physical AI. Our partnership with DENSO also takes us into high-voltage electric and hybrid powertrain systems, completing an important missing piece in our electrification portfolio. The quarter was equally strong financially. We delivered our highest-ever quarterly revenue, BEV revenue and BEV revenue share. Revenue grew by 54 percent YoY, while EBITDA and PAT increased by 49 percent and 45 percent, respectively. BEV revenue more than doubled, and its share of automotive revenue reached an all-time high of 44 percent, despite continued weakness in the US EV market. This demonstrates the increasing diversification of our EV business across customers, products and geographies. We also secured new business across EV, hybrid and ICE powertrains, spanning India, Europe and North America and nearly every product category in which we operate.”

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Schaeffler India has reported its financial results for Q2 and H1 ended CY2026. Revenue from operations for the quarter was INR 26.81 billion, marking a 17.5 percent increase compared to the corresponding period of 2025, while net profit reached INR 3.36 billion.

For H1 CY2026, revenue from operations was INR 51.88 billion, up 18.1 percent YoY, with a net profit of INR 6.56 billion led by growth in the Automotive Technologies, Vehicle Lifetime Solutions and Intercompany Exports segments.

Harsha Kadam, Managing Director and Chief Executive Officer, Schaeffler India, said, “Schaeffler India registered a strong growth of 18.1 percent for the first half of the year. Our Automotive Technologies, Vehicle Lifetime Solutions and Intercompany Exports business continued the double-digit growth trajectory. Even for the quarter, despite a challenging market we recorded a 7 percent QoQ growth. Quality of earnings marginally impacted given cost pressures due to geopolitical developments. Overall, I am happy to share that we delivered on our financial performance consistently, amid volatility in a very dynamic macro-economic landscape. We remain committed on maintaining the momentum for the remainder of the year.”

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