Sona BLW Precision Forgings (Sona Comstar) has reported its financial results for Q1 FY2026, posting a 5 percent YoY decline in revenue to INR 8.50 billion. The Profit after tax stood at INR 1.24 billion, down 12 percent from the previous year, while EBITDA fell by 19 percent to INR 2.02 billion, with a margin of 23.8 percent.

During the period, the revenue from Battery Electric Vehicles (BEVs) dropped 25 percent YoY to INR 2.10 billion, accounting for 28 percent of the total revenue. However, EV programmes now contribute 75 percent of the company’s INR 262 billion net order book as of the end of the quarter.

Vivek Vikram Singh, MD and Group CEO, said, "Q1 FY2026 was a challenging quarter for us due to the convergence of multiple adverse factors, which are temporary and some have started to resolve already. We ended the quarter with a few large order wins, closing the quarter with an all-time high net order book. We have received a large order from a North American OEM to supply differential assemblies. This is our largest order win in the last two and a half years. We believe this is likely to be one of the most significant and successful EV launches in many years. We have strengthened our position as the leading supplier of drive motors for electric two- and three-wheelers in India by securing another order from our existing customer for their upcoming electric three-wheelers. We have recently signed a term sheet with JNT to form a JV in China. This JV marks a significant step in our strategy to expand into the rapidly growing Asian markets. With a robust order book already in place, we expect operations to commence later this year.”

During the quarter, the company secured two new EV programmes, bringing its total to 60 across 32 customers. Among the key developments was a new joint venture with China’s Jinnaite Machinery (JNT), signed on 20 July. Under this JV, Sona Comstar will invest USD 12 million, while JNT will contribute USD 8 million in assets and business. The JV aims to manufacture and supply driveline systems to automotive OEMs in China and globally, with operations expected to begin in the second half of FY2026.

Additionally, Sona Comstar received an INR 15.5 billion order from a North American OEM to supply differential assemblies for a new electric passenger vehicle platform, with production set to start in Q3 FY2028. A separate order from an Indian OEM for drive motors for electric three-wheelers added INR 2.6 billion to the order book, with production expected to begin in Q4 FY2026.

The company also completed the acquisition of the Railway Equipment Division from Escorts Kubota on 1 June 2025. The business has been fully integrated and its financials consolidated from that date.

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Bengaluru-based electric vehicle start-up Emobi has announced that its upcoming model, the AKX, will be powered by the e-axle EV drive unit developed by Musashi Seimitsu Industry. This marks the second collaboration between the two companies, following the launch of the Kyari model in November 2025.

The partnership aims to address the specific demands of India’s electric two-wheeler and last-mile mobility sectors. The integration of Musashi’s e-Axle technology is designed to improve vehicle acceleration, torque and overall efficiency, providing performance that is competitive with internal combustion engine vehicles.

Naoya Nishimura, CEO, Musashi India & Africa Regions, said, “At Musashi, we are focused on developing next-generation mobility technologies that address the evolving needs of electric transportation. We are pleased to strengthen our collaboration with Emobi through the AKX, which is the second model to integrate our e-axle technology. India’s EV ecosystem presents significant opportunities, and we believe our e-axle solution can help enable performance, efficiency and a smoother riding experience tailored to the requirements of Indian consumers.”

Musashi’s e-Axle utilises proprietary reduction gear technology, drawing on the company's experience in transmission manufacturing.

The drive unit will come with high pick-up torque and smooth acceleration. It will be designed to provide quiet operation and reliability for urban and commercial use. It is said to be engineered for real-world Indian riding conditions.

Bharath Rao, CEO and Co-Founder, Emobi, added, “AKX has been designed with the needs of India’s electric mobility market in mind. The integration of Musashi’s e-axle technology enhances the vehicle’s acceleration, torque and overall riding experience, while staying focused on efficiency and reliability. This collaboration reflects our commitment toward building EV solutions that are practical, high-performing and ready for real-world Indian conditions.”

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American automotive component maker BorgWarner has secured multiple turbocharger supply contracts with a European automotive manufacturer to support its passenger car and van programs.

The agreements include extensions of current supply contracts and a conquest business acquisition for several combustion engine platforms. The production is scheduled to commence in phases from Q2 2026 to Q2 of 2029.

The contracts cover turbocharger solutions for both petrol and diesel vehicle programs. The technologies to be supplied include variable turbine geometry, twin-scroll wastegate and regulated two-stage turbocharging systems. These components are designed to assist the vehicle manufacturer in meeting emission, fuel economy and engine performance targets.

Dr Volker Weng, Vice-President of BorgWarner Inc. and President and General Manager, Turbos and Thermal Technologies, said, “These business wins reflect BorgWarner’s strong turbocharging technology portfolio, our competitive solutions and the trust we have built with this long-standing customer. As the industry continues to demand highly efficient combustion solutions, BorgWarner remains committed to delivering advanced turbocharger technologies, reliable supply and strong launch execution for our customers around the world.”

Manufacturing for these programs will take place at BorgWarner’s production facilities in Rzeszów, Poland and Kirchheimbolanden, Germany. The supply agreements cover high-volume vehicle launches across multiple global markets.

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Automotive component supplier Pricol has announced its financial results for FY2026, reporting revenue of INR 39.63 billion, up 51.24 percent YoY. The net profit came at INR 2.50 billion, with an EBITDA margin of 12.44 percent.

During the year, Pricol received the ‘Excellence in New Model Cost & Development Award’ at the Honda Annual Supplier Convention 2026. The company noted that its growth was driven by a mix of organic and inorganic strategies, alongside continued investments in engineering, localisation and technology-driven mobility solutions.

Pricol has also announced a transition in its board leadership during the quarter. Vanitha Mohan has stepped down as Chairman, and will be succeeded by Vikram Mohan.

Vikram Mohan, Chairman & Managing Director, said, “FY2026 was a defining year for the global automotive industry, marked by supply chain disruptions, geopolitical trade tensions and continued market volatility. Despite these challenges, Pricol demonstrated strong resilience, agility and execution excellence, enabling us to outperform the market and achieve the significant milestone of INR 40 billion in total income through a balanced mix of organic and inorganic growth”.

Going forward, the company is monitoring global geopolitical developments that have contributed to currency volatility, higher commodity prices and increased freight costs. The company intends to mitigate these external pressures through disciplined cost management and operational efficiencies while remaining focused on product development and technology advancement.

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Remsons Automotive Ltd (UK), the United Kingdom subsidiary of Remsons Industries Limited, has been nominated by a global commercial vehicle OEM for a 10-year pedal box programme, with start of production scheduled for Q4 of 2028. The nomination carries an estimated lifetime value of approximately ₹160 crore over the programme term, making it another large nomination in the Group.
The nomination is a significant milestone for the entire Remsons Group, materially expanding the company's commercial vehicle order book and deepening its position as a Tier-1 system supplier to global truck and bus manufacturers. The pedal box programme moves Remsons further up the value chain from individual components to integrated, safety-critical sub-assemblies, and reinforces the strategic role of the UK subsidiary as the Group's gateway to European OEM business.

A critical structural, safety-critical assembly that integrates the brake and (where applicable) clutch pedals into a single mounted unit fitted to the vehicle's bulkhead, the pedal-box assebly contract at Remsons follows an extended technical evaluation and competitive sourcing process. The automotive supplier was assessed on engineering capability, manufacturing readiness, quality systems, programme management and total landed cost over the ten-year programme life.

“This nomination is a landmark moment for the Remsons Group. Securing a ten-year pedal box programme of this scale with a global commercial vehicle OEM validates the engineering depth, manufacturing capability and quality systems that we have built across our Indian and UK operations. It is a defining win for the entire Group and provides clear, multi-year revenue visibility into the next decade,” said Davinder Bains, MD, Remsons Automotive Ltd.

With SOP scheduled for Q4 2028, programme tooling, validation and capacity planning will be progressed across the Group's UK and India operations over the next several quarters. The programme is expected to ramp to full series volumes thereafter and contribute to revenue across the contracted ten-year horizon. 
 

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