Tier 1 automotive supplier Tata AutoComp Systems has completed the acquisition of the assets of International Automotive Components Group Sweden (IAC Sweden), a European automotive component manufacturer specialising in interior and exterior systems. IAC Sweden has an annual turnover of approximately USD 800 million.

Under the Tata AutoComp Systems Group, the entity will operate as Artifex Systems.

This acquisition will strengthen Tata AutoComp’s presence in Europe and enhance its partnerships with key European OEMs across passenger and commercial vehicle segments. The integration combines design, engineering and system-level capabilities with manufacturing, precision painting and assembly expertise in the automotive space.

Arvind Goel, Vice-Chairman, Tata AutoComp Systems, said, “We are delighted to welcome IAC Sweden, now Artifex Systems AB, into the Tata AutoComp family. This transaction aligns with our long-term vision of strengthening our global presence and deepening our relationships with European OEMs. They have a rich legacy of delivering high-quality interior & exterior solutions, and together, we aim to build on that foundation. We have a well-defined plan to strengthen the Artifex brand by bringing together Artifex Systems AB, Artifex Slovakia, and Artifex Interior Systems under one cohesive and unified identity.”

Manoj Kolhatkar, MD & CEO, Tata AutoComp Systems, stated, “IAC Sweden, now Artifex Systems AB brings with it advanced manufacturing capabilities and a highly skilled workforce with deep expertise in automotive interior & exterior systems. Their strong commitment to quality complements Tata AutoComp’s focus on delivering value to global customers. We look forward to leveraging these strengths to enhance our competitiveness and expand our global footprint.”

Anders Ericson, Vice-President – Operations, Artifex Systems, said, "We are excited to begin this new chapter as part of the Tata AutoComp family, opening new opportunities for growth and collaboration. This marks a new phase of progress, bringing possibilities to strengthen our capabilities, expand our reach, and contribute to Tata AutoComp’s global vision."

Ambassador of India to Sweden, Anurag Bhushan, added, "I am pleased to see IAC Sweden, now Artifex Systems AB, becoming part of Tata AutoComp. I am confident that under Tata AutoComp, Artifex Systems will evolve and grow, driving economic growth in the region. This acquisition is also a reflection of the potentialities for collaboration between India and Sweden."

Jan Thesleff, Ambassador of Sweden to India, said, “The revitalisation of IAC Sweden (now Artifex Systems AB) by Tata AutoComp will ensure continuity for Swedish customers, safeguard employment, and strengthen manufacturing capability. We recognise the long-standing and strategic engagement of Tata AutoComp, a reputed company within the esteemed Tata Group, within Sweden’s industrial landscape. We welcome this development and value Tata AutoComp’s continued partnership in supporting the stability and growth of Sweden’s automotive ecosystem.”

Sven Ostberg, Consul General of Sweden in Mumbai, also added: “We are happy that IAC Sweden (now Artifex Systems AB) is now part of the Tata AutoComp Group. This development will help ensure the smooth functioning of the three plants, provide continued support for Swedish customers, and maintain continuity of employment, while further strengthening the resilience of Sweden’s automotive component ecosystem.”

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Minda Corporation, the flagship company of Spark Minda, has announced its financial results for Q4 FY2026 and FY2026.

The company reported its highest-ever consolidated revenue of INR 61.85 billion, up 22.3 percent YoY, EBITDA of INR 7.21 billion and a profit after tax of INR 3.58 billion, with a margin of 5.8 percent.

For Q4 FY2026, the revenue was the highest-ever for a quarter at INR 17.04 billion, up 29 percent YoY, EBITDA of INR 2.03 billion and a net profit of INR 1.24 billion, with a margin of 7.3 percent.

The company attributed the robust growth to a strong product portfolio, an expanding customer base and a focus on product premiumisation.

In FY2026, Minda Corporation strengthened its position as a leading automotive supplier with two strategic global partnerships: Toyodenso Co, Japan, for the manufacturing and sale of advanced automotive switches, and a JV with Turntide Technologies, UK, for next-generation powertrain solutions for the electric vehicle industry.

The idea is to localise globally proven technologies for its customers in India, while offering premium solutions to meet domestic requirements.

Ashok Minda, Chairman and Group CEO, Spark Minda, said, “FY2026 was a year of consistent execution and steady progress for Minda Corporation. Despite a dynamic market environment, we delivered stable growth supported by demand across key vehicle segments, particularly in the 2W and CV categories. Policy measures such as GST rationalisation and the ‘Make in India’ initiative supported cost efficiency and improved affordability. We continued to invest in R&D and technology partnerships to strengthen our product offerings. Our focus remains on operational efficiency, customer relationships and disciplined financial management, as we work towards sustaining growth and creating long-term value for all stakeholders”.

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German technology company Bosch has received a major contract from Mercedes-Benz to supply electric motors into the 2030s for the premium carmaker’s next generation of electric powertrains.

The announcement follows a strong operational period in 2025 during which Bosch secured more than 70 e-mobility customer projects globally. The supplier currently provides electric vehicle technology and solutions to more than 50 automotive manufacturers worldwide.

The e-motors are built on a scalable platform architecture, allowing the length of the motor to be adjusted depending on the required power output. This flexibility permits integration into various vehicle models and axle variants.

Bosch claims its motors achieve up to 98 percent efficiency due to updated winding technology. The units utilise an innovative rotor oil cooling system to optimise heat dissipation. The compact design combines high efficiency and optimised cooling to reduce overall weight, installation space, and system costs.

The German tier 1 supplier targets the production of more than 7 million components for electric vehicles in 2026, with an existing manufacturing rate of approximately seven electric motors per minute globally.

For the Indian market Bosch has formed a joint venture with TataAutoComp Systems to develop, commercialise and manufacture e-axles specifically for the domestic market.

In China, Bosch serves more than 30 customers, working with almost all domestic car manufacturers alongside international brands operating in the region.

The company's portfolio spans from silicon carbide chips to complete powertrain setups, including ‘X-in-1’ solutions that bundle the electric motor, power electronics, transmission and energy management into a single system.

Markus Heyn, Member of the Bosch Board of Management and Chairman of Bosch Mobility, said, “The new order reaffirms our long-standing partnership with Mercedes-Benz and shows that we can successfully contribute our expertise to technologically demanding projects as well. We win over customers with our core competence of being able to develop and manufacture complex technology in large quantities with significant economies of scale worldwide. We deliver electric-driving solutions to all markets around the world.”

Marco Zehe, President of Bosch’s Electrified Motion division, added, “We already work with almost all Chinese car manufacturers, as well as with numerous international automakers operating in China.”

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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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