Shriram Pistons & Rings Limited (SPRL), one of India’s leading auto component manufacturing companies, is all set to acquire TGPEL Precision Engineering Limited, formerly known as Timex Group Precision Engineering Limited, through its wholly owned subsidiary, SPR Engenious Limited (SEL), to consolidate and strengthen its position in the manufacturing of high-precision injection moulded components.

With a debt-free, cash-free enterprise value of INR 2.2 billion, the proposed acquisition aligns with SPRL's long-term strategy to invest, diversify and expand its product portfolio in areas unrelated to ICE powertrains, solidifying its position as the industry leader. The transaction is pending customary approvals and conditions and is anticipated to be finalised by the end of December 2024.

TGPEL was founded in 2008 and has two modern production facilities in Noida, Uttar Pradesh. TGPEL's position in a variety of industries has allowed it to develop steadily year after year. TGPEL is well-equipped to design and develop high-tech precision moulds, manufacture high-precision injection moulding components, and manufacture tools internally. The company mainly provides OEMs and other automakers with injection-moulded goods and moulds. It is anticipated that TGPEL's sound financial metrics would add value to SPRL's overall consolidated financials.

Krishnakumar Srinivasan, MD & CEO, SPRL, said, “With this strategic investment, SPRL aims to consolidate its product portfolio beyond the current pistons, rings, engine valves, electric powertrain and precision plastic injection moulded parts. With its state-of-the-art mould development facility and setup for manufacturing of high-precision injection moulded parts, TGPEL will be able to service the domestic and global customers requiring precision moulded parts for automotive and other industrial applications. TGPEL has expertise to develop complex parts for various applications. By integrating SPRL’s manufacturing and engineering capabilities and strong reach with large customer base, there is scope for lot of synergies, which will help TGPEL to offer wider range of products and services to the growing Indian automotive market. This deal will only strengthen SPRL’s presence in the high-precision plastic injection moulding business, thereby ultimately benefitting our customers while creating long term value for all our stakeholders. This acquisition combines strong, technology-led manufacturing teams, allied in their pursuit of excellence to deliver world class manufacturing and moulding technology, which will enhance relationships with existing customers while creating additional opportunities for growth and expansion.”

Comments (0)

ADD COMMENT

Link Copied!

Imperial Auto Industries Limited has appointed James Gaylord as Managing Director & Chief Executive Officer of its subsidiary, Imperial Auto USA Corp. In his new role, Gaylord will lead Imperial Auto’s operations across the Americas and drive the company’s next phase of growth in the region. He will report to Vikram Wagh, Managing Director & CEO, Imperial Auto Industries Limited.

Gaylord's mandate would include expanding Imperial Auto’s presence into new markets across the American region while driving significant revenue growth over the coming years. He will also focus on strengthening the company’s product engineering and new product development capabilities in the Americas, while leading initiatives to localise the supply chain, enhance purchasing capabilities and build strategic partnerships with suppliers to support the company’s regional growth.

With nearly three decades of experience across the automotive and manufacturing sectors, Gaylord brings with him proven expertise in business development, operational excellence, transformation and growth. Prior to joining Imperial Auto, he served as the Global Sales Director at Gentex. He has also held leadership roles at organisations including Johnson Controls, ATI and Tenneco.
 

Comments (0)

ADD COMMENT

Link Copied!

JK Tyre & Industries Ltd launched four new OTR tyres at Bauma Conexpo India 2026. These include the 12.5/80-18 MPT 45 16PR TL for self-loading concrete mixers (SLCM) and backhoe loaders. The 16/70-20 MPT117 14PR TL for SLCM and telehandler applications. The 18-19.5 MPT117 18PR TL for SLCM applications, and the 12.00R20 JDO XD OTR 22PR 156/153F TT for mining tippers. The latest additions further strengthen JK Tyre’s premium OTR portfolio with application-engineered solutions developed for the evolving requirements of India’s construction, infrastructure and mining sectors.
 “India’s infrastructure and industrial growth is creating a growing need for high-performance, reliable and application-specific mobility solutions. At JK Tyre, we are committed to developing OTR solutions that address the specific needs of our customers and the demanding conditions in which their equipment operates. Our latest range combines durability, reliability and performance to help customers maximise equipment uptime and operational efficiency. As we continue to strengthen our premium OTR portfolio, we remain committed to delivering solutions that create value for our customers and support the growth of India’s construction, infrastructure and mining sectors,” said Srinivasu Allaphan, Director - Sales & Marketing, JK Tyre & Industries Ltd.  
He pointed at the MPT 45 pattern and mentioned that it has been developed to deliver strong traction and stability, making it suitable for SLCMs and backhoe loaders operating across mixed terrain. “The MPT117 pattern has been designed for versatile construction and material-handling operations, offering strong grip, improved durability and reliable performance for SLCMs and telehandlers,” Allaphan explained. 
The new products have been developed keeping Indian operating conditions in mind and are designed to help customers maximise machine performance while improving operational efficiency. The focus is on durability, high load-carrying capability and extended service life. 

Comments (0)

ADD COMMENT

Link Copied!

The Automotive Component Manufacturers Association of India (ACMA), the apex body representing component manufacturers in the country, has appointed Sriram Viji, Managing Director, Brakes India, as President for the 2026–27 term.

The industry body also named Anjali Singh, Executive Chairperson of ANAND Group and Gabriel India, as President-Designate. 

Vinnie Mehta, Director General, ACMA, said, “We are delighted to welcome Mr. Sriram Viji and Mrs. Anjali Singh to their new roles. Their rich industry experience and strategic vision will guide ACMA as the sector navigates geopolitical uncertainty and the evolving mobility landscape. I am confident that their leadership will strengthen our engagement with Government and industry partners to diversify supply chains, improve access to critical raw materials and enhance India’s global competitiveness.” 

Sriram Viji, President, ACMA, said, “It is an honour to lead ACMA as India strengthens its position as a trusted partner in global automotive value chains. Our priority is to deepen local capabilities and accelerate investment in advanced technologies, R&D and innovation, while embedding sustainability across the industry. As electric, connected and new-energy mobility create fresh opportunities, we must move beyond adapting to change to shaping it. Together with our members, we will work to position India as a global hub for high-value manufacturing and next-generation mobility solutions.”

Comments (0)

ADD COMMENT

Link Copied!

German automotive supplier MAHLE has established an e-compressor production facility in Coimbatore, which it claims makes it the first company to manufacture the component in India.

The German firm has invested EUR 7 million in the site to produce e-compressors, which regulate thermal management, battery life, charging speeds and driving range in electric vehicles.

The production line has a capacity of over 300,000 e-compressors annually to supply domestic and international vehicle manufacturers. The launch creates 50 jobs, aligning with the Indian government's ‘Make in India 2.0’ manufacturing initiative.

The Coimbatore facility already produces starter motors, alternators, controllers and traction motors for two-wheelers and three-wheelers. Following the setup of an R&D facility in 2023 for product validation, MAHLE has outlined plans for women to represent 75 percent of the plant's total workforce by 2027.

The company entered India in 1958 through a piston manufacturing joint venture and now has expanded its operation across 15 locations in the country with 5,900 employees.

Ivan Lenehan, Vice-President, MAHLE Powertrain and Charging, India, China & East Asia, said, “India continues to play an increasingly important role in the global mobility transformation. This facility strengthens our presence in one of the world’s most dynamic automotive markets and reinforces our commitment to sustainable mobility solutions.”

Milind Mhaiskar, MD, MAHLE Electric Drives India, said, “This production facility underscores our focus on localisation and customer-centric innovation. The success of this project reflects the dedication of our teams and our collaborative approach with business partners.”

Comments (0)

ADD COMMENT

Link Copied!