Minda Corporation, the flagship company of the Spark Minda Group, has entered into a joint venture with Japan-based Toyodenso Co. to develop and manufacture advanced automotive switches for the Indian market.

The new partnership aims to provide end-to-end solutions covering design, development, production and marketing for two-wheelers, passenger vehicles and other automotive segments.

As per the understanding, Minda Corporation will hold a 60 percent majority stake in the joint venture, while Toyodenso will retain the remaining 40 percent. The new greenfield manufacturing facility will be established in Noida, Uttar Pradesh, with operations scheduled to begin in the second half of FY2026–27. The joint venture has already secured orders from Indian automotive customers.

The collaboration is strategically aimed at addressing the increasing demand for advanced automotive switches in India. It also aligns with Minda Corporation’s broader strategy of expanding its synergistic product portfolio and promoting localisation of new technologies. Toyodenso is expected to bring cutting-edge technologies and engineering expertise, while Minda Corporation will leverage its strong capabilities in local manufacturing and supply chain management to support the venture’s growth.

Ashok Minda, Chairman & Group CEO, Minda Corporation, said, “We are very excited and privileged to partner with Toyodenso, a Global Japanese company with rich legacy of technological innovation. This partnership marks a pivotal milestone in our journey to drive smart mobility solutions while fostering indigenous manufacturing by integrating globally recognised technologies into India’s automotive ecosystem.”

Kiyoshi Koide, President, Toyodenso Co, stated, “Toyodenso aims to stabilise its business base and will work with Spark Minda to develop the Indian market to focus on the manufacturing and sales of automotive parts in India, which is a growing market.”

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US-headquartered commercial duty automatic transmissions and hybrid propulsion systems manufacturer Allison Transmission has signed a definitive agreement to acquire the Off-Highway business of Dana Inc, a prominent provider of drivetrain and propulsion solutions, for approximately USD 2.7 billion.

This significant acquisition is set to expand Allison's global footprint, enhance its core technologies and strengthen its financial performance. The move will allow Allison to offer a broader spectrum of commercial-duty powertrain and industrial solutions to a wider customer base and end-users worldwide.

David Graziosi, Chaira and CEO, Allision Transmission, said, "This acquisition marks a transformative milestone in our commitment to empowering our current and future customers with propulsion and drivetrain solutions that improve the way the world works. We look forward to harnessing this momentum to increase value for all of our stakeholders worldwide."

Dana's Off-Highway business is a global entity, operating in over 25 countries with approximately 11,000 employees supporting a diverse customer base. The business is renowned for its industry-leading powertrain technologies, including axles, propulsion solutions and various drivetrain components, serving a wide array of applications in construction, forestry, agriculture, specialty vehicles, aftermarket, industrial and mining segments. Notably, it also specialises in hybrid and electric drive systems, supported by a robust global network of manufacturing facilities and technical centers.

R. Bruce McDonald, Chair and CEO, Dana Inc, said, “Dana’s off-highway business has long been committed to delivering innovative solutions for off-highway applications, and we are confident that under Allison’s ownership, the team will be well-positioned to continue that legacy.” He added that the agreement represents a strategic opportunity for Dana to ensure the business's ongoing success while allowing Dana to sharpen its focus on core priorities.

The combined entity is expected to leverage its expanded global presence and technical expertise to unlock new growth opportunities and develop differentiated solutions tailored to evolving customer needs.

Financially, the acquisition of Dana’s off-highway business is projected to be immediately accretive to Allison’s diluted earnings per share. It is also anticipated to generate approximately USD 120 million in annual run-rate synergies. Allison plans to finance the transaction through a combination of cash on its balance sheet and debt. The acquisition has received approval from the Boards of Directors of both companies and is expected to close late in the fourth quarter of 2025, subject to customary regulatory approvals.

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American automotive component supplier Tenneco has appointed Mahender Chhabra as the new Chief Financial Officer of Tenneco India, effective immediately.

He will be responsible for financial strategy and operations, compliance and overall financial performance across Tenneco’s Clean Air, Monroe Ride Solutions (MRS), Champion Ignition and Powertrain (Bearings and Sealing) businesses in India.

In his new role, Chhabra will report to Arvind Chandra, CEO of Tenneco India, and will work closely with the leadership team to support the company’s strategic, financial and operational goals.

He comes with around three decades of experience working across automotive and technology companies such as HMD Mobile India, Microsoft Corporation (India), Bharti Airtel and Pepsi Foods. In his last tenure, he served as the CFO of Motherson Sumi Wiring India.

Arvind Chandra, CEO, Tenneco India, said, “Mahender’s depth of financial expertise and proven leadership will be key as we continue to strengthen our operational excellence and deliver value to customers across the region. His appointment underscores our commitment to long-term growth in this strategic market.”

At present, Tenneco operates 12 manufacturing facilities, 2 R&D Centres in India.

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Setco Automotive Limited, a leading Indian manufacturer of heavy commercial vehicle (MHCV) clutches and premium truck components, has successfully launched its new automotive water pump. This strategic expansion into the engine cooling segment demonstrates Setco's continued commitment to delivering reliable, high-performance automotive solutions through cutting-edge engineering.

Engineered to meet the rigorous demands of light commercial vehicles (LCVs) and MHCVs, the new water pump combines advanced materials with precision manufacturing to ensure superior thermal management and consistent coolant circulation across diverse operating conditions. The product boasts several key technological advancements, including superior long-life seal integrity that enhances durability, along with exceptional load-bearing capacity to withstand extreme operational stress. Additionally, it features optimised NVH (Noise, Vibration & Harshness) isolation for smoother performance and a thermally enhanced impeller material grade that improves heat resistance and efficiency. By entering the critical engine cooling segment, Setco continues to expand its offerings while maintaining its legacy of quality, reliability and engineering excellence.

Harish Sheth, Chairman & MD, Setco Automotive Ltd, said, “This launch is a significant step in our journey to diversify and deepen our presence across the auto component value chain. Our new Automotive Water Pump reflects the same quality, performance and engineering excellence that has made Setco the benchmark in the clutch segment. With this product, we aim to deliver superior engine protection and performance while strengthening our relationships with OEMs and aftermarket customers alike.”

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American technology company Visteon has launched in-house manufacturing of its next-generation high-resolution Analog and Digital Camera System and Display Backlight Unit (BLU) at its Chennai facility in India. The company said it has initially invested USD 10 million towards developing the manufacturing capabilities.

The new production lines will build analog and digital cameras with 1.3 MP-8MP HD resolution, which it claims offers significantly sharper visuals than traditional automotive cameras. It will support the demanding requirement from modern high-definition in-car displays and are optimised for seamless integration with Advanced Driver Assistance Systems (ADAS), helping drivers park, manoeuvre and navigate with greater safety and precision. 

Sachin Lawande, President and CEO, Visteon, said, “India plays a critical role in our vertical integration strategy. Localising production of camera systems and backlight units strengthens our ability to scale, innovate, and deliver next-generation cockpit technologies more efficiently to global markets.”

Visteon stated that this expansion compliments its existing display manufacturing in India, creating a more cohesive, vertically integrated production ecosystem for next-generation cockpit solutions.

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