RSB Group, one of India’s largest automotive component manufacturers, is celebrating its 50th anniversary and has plans to honour the decades of innovation, resilience and growth by achieving 3X growth in the next three to four years.

RSB Group was founded by brothers R K Behera and S K Behera in 1974 with just INR 200,000, which included a state subsidy for Technocrats for INR 20,000. The company has now expanded into an INR 30 billion-plus industry major, employing more than 6,000 people, and plans to celebrate the 50-year milestone by focusing on surpassing the INR 100 billion revenue mark before launching an IPO in the next 3-4 years.

These expansion aspirations will be greatly aided by a recent strategic alliance with Bain Capital, which made an investment in RSB a few months ago. With a strong emphasis on global markets, especially when it comes to growing operations in Mexico, this partnership will help both organic and inorganic growth. At the moment, RSB runs two factories abroad, 17 manufacturing sites in India and a tech subsidiary called I-DESIGN Engineering Solutions Ltd in Pune. Major domestic and foreign customers of the firm include Ford, Fiat, Isuzu, Cummins, John Deere, Volvo, Renault Nissan, JCB, Ashok Leyland, Mahindra & Mahindra and Tata Motors.

Early difficulties notwithstanding, RSB's journey acquired tremendous impetus with a crucial contract from Tata Motors, which resulted in growth of almost 75 percent annually until 1990 and a steady 25 percent CAGR after that. In order to give OEMs a comprehensive solution and establish itself as a powerful player in the e-mobility industry, RSB is also investing in the electric vehicle (EV) market as part of its sustainable growth plan. RSB is working with an Israeli startup to create EV solutions, such as controllers, motors, and e-axles. Over the next five years, the business plans to generate 25 percent of its income from EV components and 75 percent from conventional car components as part of a strategic revenue mix.

R K Behera, Chairman, RSB Group, stated, “Looking back on 50 years of RSB, I am deeply grateful for the journey we’ve taken. The celebration is not just about marking a milestone; it’s a tribute to the humble beginning, to the dedication and shared values that have brought us here. This journey wasn’t one I took alone; it was built alongside my brother, S K Behera, whose support and determination carried us through our most challenging times. In the beginning, we faced intense struggles – limited resources, financial setbacks and constant hurdles – but with SK by my side and the unyielding spirit of our employees, we persisted. Every success is truly a testament to the sacrifices, resilience and dedication of our RSB parivar. As we look forward, I urge our next generation to hold fast to these values of integrity, quality and respect. They are also expected to have a strong focus on sustainability. Together, we have not only achieved growth but also built a legacy that we can proudly pass on, impacting our communities and industry for years to come.”

S K Behera, Vice Chairman, RSB Group, said, “Our journey from a small workshop to an industry leader with an INR 30 billion-plus revenue base has been one of resilience, strategic vision and a focus on excellence. From the earliest days, we were guided by the belief that taking care of our people would allow us to achieve remarkable things. Every milestone reflects the hard work, talents and sacrifices of our employees, whose dedication and commitment have driven RSB forward. As we now embrace new opportunities – from electric vehicle technology to expanding into international markets – our focus remains on building with integrity and quality. Looking to the future, we will continue setting new industry standards, not just for growth but for creating lasting value and impact in every market we enter. We are exploring a few opportunities, and a decision will be taken in a few months.”

Pune-headquartered tier 1 supplier Varroc has appointed Liselott Kilaas as an Independent Director to its Board of Directors.

At present, Kilaas serves on the boards of multinational companies and has a proven track record of steering businesses through dynamic and complex environments. She holds a MBA from IMD Business School and Master’s Degree in Mathematics and Statistics.

This move the company shared is part of strengthening its leadership with global expertise and diverse perspectives.

Tarang Jain, Chairman & Managing Director, Varroc, said, “We are delighted to welcome Liselott Kilaas to our Board of Directors. Her vast experience and strategic insights will be invaluable in driving Varroc’s growth and enhancing our global competitiveness.”

Liselott Kilaas, said, “I am honoured and excited to join Varroc’s Board as an Independent Director. I look forward to contributing my expertise to support the company’s growth and strategic vision.”

American powertrain major BorgWarner has announced that it has elevated Chandrasekar Krishnamurthy as the Global Director of Product Management for BorgWarner PowerDrive Systems, effective 1 March 2025.

The company shared that the elevation is part of its future growth strategy, which aims to realign focus on its product family to drive competitiveness in cost, technical maturity, time to market, and compliance.

In his new role Krishnamurthy will be responsible for leading the product management team by accelerating product industrialisation readiness. Developing competitive product platform solutions in collaboration with other functions.

He will also focus on aligning product roadmaps with sales strategy, along with delivering competitive and compliant solutions on time. In addition, he will also contribute to engineering efficiency initiatives and continuously improve engineering development framework and product safety/security compliance.

Tier 1 automotive supplier Tata AutoComp Systems (Tata AutoComp) has announced that it is set to acquire International Automotive Components Group Sweden AB (IAC Sweden), a leading supplier of automotive interior systems and components.

The Swedish company currently operates three facilities in Lassby, Fargelanda and Skara is a key supplier to Volvo Cars, Volvo Trucks and Scania. It specialises in plastic moulding, high-precision painting and assembly of interior components with an estimated turnover of USD 800 million.

Tata AutoComp aims to strengthen its presence in Sweden and enhance the company’s relationships with key European OEMs in both the passenger vehicle and commercial vehicle segments.

The acquisition presents strong synergy opportunities, allowing Tata AutoComp to leverage advanced manufacturing capabilities, cutting-edge technology and well-established customer relationships in the premium automotive space.

The transaction is subject to European regulatory approvals.

Arvind Goel, Vice Chairman, Tata AutoComp Systems, said, “We are delighted to welcome IAC Sweden into the Tata AutoComp family. This acquisition aligns with our long-term vision of expanding in global markets and strengthening our relationships with European OEMs. IAC Sweden has a strong legacy of delivering high-quality interior solutions, and we look forward to working together to drive innovation and excellence in the automotive industry. This move reinforces our commitment to driving sustainable, high-quality, and customer-centric automotive solutions across geographies.”

Manoj Kolhatkar, MD & CEO, Tata AutoComp Systems,  said, “This acquisition is a pivotal step in Tata AutoComp’s journey to enhance our global presence and technology portfolio.”

The Automotive Component Manufacturers Association of India (ACMA), in collaboration with Guidance Tamil Nadu, the investment promotion and single-window clearance arm of the Government of Tamil Nadu, hosted a landmark event in Chennai on 20 March 2025, titled Unveiling India’s New Automotive Hub: Where Wheels of Progress Turn.

The summit convened senior government officials, global and Indian automotive leaders, and key stakeholders to explore Tamil Nadu’s rise as India’s next major automotive and electric vehicle (EV) manufacturing hub.

Dr TRB Rajaa, Tamil Nadu’s Minister for Industries, Investment Promotion & Commerce, was the Chief Guest at the event. “Tamil Nadu is not just attracting investments; we are shaping the future of mobility – cleaner, smarter, and more inclusive. With a skilled workforce, progressive policies, and a strong focus on sustainability and women’s empowerment, Tamil Nadu is poised for its next big leap,” he said.

Shradha Suri Marwah, President of ACMA and CMD of Subros, noted, “The state has long been a pioneer in industrial transformation. It’s no surprise that Tamil Nadu is now a magnet for domestic and global automotive players, hosting over 400 auto component manufacturers. Events like these foster collaboration between industry and government to drive growth and innovation.”

Darez Ahamed, Managing Director, Guidance Tamil Nadu, called Thoothukudi as ‘India’s New Automotive Hub,’ highlighting the state’s strategic emphasis on EV manufacturing, industry-academia partnerships, and investor-friendly infrastructure.

A key highlight was an exclusive fireside chat with senior leaders from VinFast Auto, moderated by Vinnie Mehta, Director General of ACMA. Sang Yu Won, Purchasing Head, and Prakalathan Tirupathi, Project Head of VinFast India, outlined their vision for EV innovation and emphasised Tamil Nadu’s pivotal role in their India strategy, along with expectations from the local supply ecosystem.

Other prominent speakers included Vikrampati Singhania, Vice President of ACMA and MD of JK Fenner; Sriram Viji, Chairman of ACMA Southern Region and MD of Brakes India and Susanta Kumar Purohit, Chairman of V.O. Chidambaranar Port Authority.