Pune-based automotive seating and interiors product supplier Pinnacle Industries has appointed Rahul Desai as its new Chief Executive Officer (CEO).

Desai comes with around three decades of experience in the auto components sector and has expertise in greenfield projects, technology transfers, operational excellence, business transformation, financial strategy, innovation and strategic planning.

He has held senior leadership positions at companies such as CIE India, GKN Sinter Metals and Inteva Products India Automotive.  

At Pinnacle Industries, he will be responsible to oversee operations across manufacturing plants and supporting functions.

Arihant Mehta, President, Pinnacle Industries, said, "Rahul brings the perfect blend of industry experience and a forward-thinking approach that aligns with our vision. His deep understanding of the auto component landscape, combined with his focus on innovation and operational excellence, will be key to refining our strategy and enhancing execution across the organisation.”

Rahul Desai, said, “The automotive components and interiors industry is evolving rapidly, with a growing focus on sustainability, customisation, safety and smart technologies, all driven by changing consumer preferences. At Pinnacle Industries, I see a strong foundation and a clear opportunity to deliver innovative solutions that align with these transformative trends. As I take on this role, my focus will be on driving operational excellence, enhancing customer centricity, and investing in employee development to ensure we are fully equipped for the ambitious growth ahead. We will build on our strengths, embrace change and create long-term value for our customers, employees and stakeholders.”

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Chennai-based Sundram Fasteners has announced its unaudited financial results for Q1 FY2026, which saw the company report record profits and strong revenue growth. The company reported its highest-ever standalone revenue from operations at INR 13.50 billion, a slight increase from INR 13.10 billion a year ago.

The growth was primarily fuelled by a robust domestic market, with domestic sales rising 8.78 percent to INR 9.30 billion. However, export sales faced challenges, declining to INR 3.79 billion. Despite this, the company achieved its highest-ever EBITDA of INR 2.38 billion, with an improved margin of 17.5 percent, a result of better operational efficiency, stable commodity prices, and a favourable product mix.

Sundram Fasteners also posted its recorded net profit of INR 1.38 billion for the quarter. Consolidated figures also showed a strong performance, with the company recording its highest-ever consolidated revenue from operations at INR 15.33 billion and a consolidated net profit of INR 1.47 billion.

Arathi Krishna, Managing Director, Sundram Fasteners, said, "I am pleased to share that our first-quarter performance underscores the fundamental strength and resilience of our operations, as well as our unwavering commitment to delivering value to our customers. Compared to the same period last year, we have grown propelled primarily by robust domestic demand across our key segments. This progress is a testament to the dedication and expertise of our teams, who continue to drive operational excellence and uphold the highest standards of product quality. Their efforts have enabled us to successfully navigate an evolving and challenging market environment. Our export markets continue to pose challenges amidst global economic headwinds and ongoing geopolitical uncertainties. Despite these conditions, we remain confident in the competitive strength of our product portfolio and the durability of our long-term partnerships. We are further strengthening our foundation by prioritizing investments in innovation, capacity expansion, and customer engagement, ensuring we are well positioned for sustained growth in both India and International markets. We are closely monitoring the recent U.S. tariff decision. While the full impact is yet to unfold, I am confident in our ability to adapt and advance our presence in the U.S. market, reinforced by enduring customer relationships and our consistent commitment to quality.”

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German tier 1 supplier ZF has begun the production of its Electric Park Brake (EPB) system in India, which is being integrated by a leading Indian automaker in its recently launched electric passenger vehicle.

The company shared that the EPB system will support India’s growing shift towards electrification, safety and next-generation vehicle technologies. It also aligns with ZF’s strategy of ‘Make in India for India and the World’.

ZF’s EPB enables low drag and noise, vibration and harshness (NVH), along with improving fuel economy. Furthermore, integration of EPB represents a significant step in the electrification of mechanical systems, and when working in tandem with other vehicle systems, it enables advanced functions.

The EPB also enhances driver safety by allowing two-wheel anti-lock emergency stops and providing convenient activation with a simple touch of a button. Featuring dynamic actuation and brake pad wear sensing, it minimises degradation associated with traditional mechanical systems.

Its modular architecture enables scalability across vehicle segments, from passenger cars to light commercial vehicles and light trucks - offering Indian OEMs both performance and flexibility in vehicle design.

Akash Passey, President, ZF Group in India, said, “The SOP of ZF’s first Electric Park Brake in India, on a product like the all-new EV car platform, embodies ZF’s commitment to offer leading mobility solutions for local requirements. With advanced systems like the EPB, we are not only enhancing vehicle safety and performance but also supporting Indian auto makers in providing world class and safe products in India.”

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Bengaluru-headquartered engineering R&D company L&T Technology Services has been inducted in John Deere's Supplier Hall of Fame for achieving Partner-level Supplier Status for five consecutive years in the John Deere Achieving Excellence (AE) Program.

The company has consistently met John Deere’s benchmarks for quality, delivery and innovation, earning the Partner-level status for FY2020 through FY2024. In FY2021, the company was also named Supplier of the Year. The recognition highlights LTTS’ ongoing contribution across engineering and digital services for John Deere operations in North America and India. These services include digital solutions, product simulation, embedded software, mechanical design, cost management, advanced analysis and customer support.

Alind Saxena, Executive Director & President, Mobility & Tech, L&T Technology Services, said, “The induction into the John Deere Supplier Hall of Fame is a testament to our pursuit of excellence and innovation in the Mobility segment. Achieving Partner-level Supplier Status for five consecutive years reflects the depth of our engineering expertise and the trust John Deere places in LTTS. We remain dedicated to delivering cutting-edge solutions that not only meet but consistently exceed the expectations of our partners worldwide.”

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The Association of Indian Forging Industry (AIFI) has entered a strategic partnership with the Bureau of Energy Efficiency (BEE) under the Ministry of Power through a landmark MoU. Signed in the presence of Union Minister Manohar Lal, this collaboration aims to accelerate sustainable manufacturing practices in the forging industry under the Assistance for Deployment of Energy Efficient Technologies in Industrial Establishments (ADEETIE) scheme.

The ADEETIE initiative supports MSMEs in 14 energy-intensive sectors by facilitating access to cutting-edge energy-efficient technologies. With an INR 10 billion budgetary allocation, the scheme will catalyse over INR 90 billion in investments, including INR 67.50 billion in MSME financing. Eligible forging units can avail interest subventions of five percent (micro/small enterprises) and three percent (medium enterprises), along with technical assistance in energy audits and project implementation.

As a backbone of India’s automotive, defence and capital goods sectors, the forging industry faces significant energy challenges. This MoU positions AIFI as a bridge between MSMEs and government resources, enabling adoption of eco-friendly technologies. The alliance reinforces India’s commitment to sustainable industrial growth, helping manufacturers lower operational costs while aligning with national decarbonisation goals.

Yash Munot, President, AIFI, said, “This collaboration with the Bureau of Energy Efficiency marks a significant step forward for the Indian forging industry. As one of the most energy-intensive sectors, forging stands to benefit immensely from the structured support offered under the ADEETIE scheme. By enabling access to financial incentives and technical guidance, this initiative will empower MSMEs to adopt cutting-edge, energy-efficient technologies. It aligns perfectly with our vision of building a globally competitive, environmentally responsible and innovation-driven forging ecosystem. AIFI is committed to mobilising our members across clusters to take full advantage of this opportunity and contribute meaningfully to India’s broader sustainability and industrial growth goals."

Deven Doshi, Chairman – Government Interface, AIFI, said, “Energy efficiency is very essential for forging companies, but the MSME sector often faces structural barriers in adopting cleaner and more efficient technologies. The ADEETIE scheme provides a structured framework of support, including technical, operational and financial aspects, that directly addresses these challenges. AIFI is proud to be a partner in this transformative journey. This collaboration not only ensures sectoral compliance with energy norms but also paves the way for long-term industrial modernisation.”

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