Tier 1 automotive supplier Tata AutoComp Systems, through its British subsidiary Artifex Interior Systems (Artifex), has signed a conditional agreement to acquire 100 percent stake in IAC Group (Slovakia).

The move is part of Tata AutoComp’s strategy to further strengthen its capabilities and expand its presence in the UK and EU markets. 

Arvind Goel, Vice-Chairman, Tata AutoComp, said, “The acquisition of IAC Slovakia will mark a significant milestone in Tata AutoComp’s global growth journey. Following our earlier acquisition of Artifex, this step strengthens our European presence and reflects our commitment to serving global OEMs more effectively. IAC Slovakia’s strong operational excellence, skilled workforce, and strategic location will enhance our ability to deliver high-quality interior systems. This move supports our vision to be a trusted and value-driven partner in the global automotive supplychain.”

Manoj Kolhatkar, MD & CEO, Tata AutoComp, said, “We see strong synergy between IAC Slovakia’s capabilities and our existing European operations, which will enable faster integration and value delivery to OEM customers.”

Alan Fennelly, Chief Executive Officer, Artifex, said, “We are excited to welcome IAC Slovakia into the Artifex family. This expansion is a pivotal step in our journey to become the valued partner of choice. It strengthens our expertise in automotive interior systems, expands our capabilities, and opens the door to new partnerships and broader markets. I’m excited about what we’ll achieve together.”

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American tier 1 supplier BorgWarner has secured two significant ‘conquest’ program awards in Asia, strengthening its position in both the combustion and hybrid powertrain segments. The contracts involve a latest-generation wet dual clutch for a Chinese OEM and a specialised variable cam timing (VCT) system for a Japanese OEM.

The awards were disclosed alongside the company’s Q1 2026 financial results, which highlighted a total of 12 new business wins across its global portfolio.

BorgWarner will supply its latest-generation wet dual clutch. The system uses high-performance friction materials and an optimised groove design to reduce drag torque, improving overall transmission efficiency and fuel economy. It features a new integrated wave spring for enhanced robustness and cost-effectiveness. Start of production (SOP) is planned for the second half of 2026.

Secondly, the company won a contract for a Torsional Assist (TA) Variable Cam Timing (VCT) system. This centre-bolt architecture simplifies internal oil passages compared to traditional oil-pressure systems, enabling faster cam phasing and more reliable lock-pin engagement – critical for the high-efficiency requirements of modern hybrid engines. The production is slated to begin in 2028.

Isabelle McKenzie, Vice President of BorgWarner Inc. and President and General Manager, Drivetrain and Morse Systems, said, “These new conquest awards reflect BorgWarner’s continued commitment to advancing efficient and competitive propulsion solutions. They demonstrate the resilience and growth potential of our propulsion business in Asia.”

The ‘conquest’ nature of these wins – securing business previously held by competitors – underscores BorgWarner's aggressive expansion in the Asian market. These announcements follow a string of recent successes in the region, including three eMotor awards in China and South Korea announced in April 2026.

While the company reported a slight organic net sales decline of approximately 1.5 percent to 3.5 percent for the full year 2026 due to volatile market conditions, these long-term contracts in the hybrid and SUV segments are expected to be key drivers for profitable growth through the end of the decade.

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Schaeffler, a motion technology company, will showcase its range of electrified powertrain technologies at the 13th Schaeffler Automotive Symposium in Buhl this June.

The event, themed ‘Beyond Driving. Innovation made by Schaeffler.’, will highlight solutions for the entire spectrum of drive systems, including battery electric vehicles (BEV), plug-in hybrids (PHEV), hybrid electric vehicles (HEV) and range extender applications (REEV).

In the battery electric segment, the company focuses on highly integrated and scalable systems. The key developments include system integration, which combines e-axles, drive units and software to create efficient overall systems. Scalable inverter solutions platforms with X-in-1 functionality designed for faster time-to-market and lower costs. Enhancing electric motors and bearings – such as current-insulated variants – through material efficiency and modern manufacturing. Lastly, streamlining development using new approaches to reduce product complexity and accelerate market readiness.

For the hybrid and range extender architectures, Schaeffler will present technologies designed for diverse hybrid topologies, ranging from P1 to P3 systems. These solutions include:

• Dedicated Hybrid Transmissions: An all-in-one platform for hybrid and plug-in hybrid vehicles that integrates software and mechanical components.
• Range Extenders: Systems that utilise internal combustion engines more efficiently to support the ongoing transition to electric mobility.
• Seamless Integration: High-performance actuators and sensors used to make engine operation quiet and clean for vehicle occupants.
• Platform Compatibility: Designs that can be integrated into existing vehicle architectures while meeting cost and performance requirements.

Matthias Zink, CEO, Powertrain & Chassis, Schaeffler, said, “With our Powertrain technology cluster, we will be showcasing Schaeffler’s extensive development capabilities in the powertrain segment at the Schaeffler Automotive Symposium. We offer all customers the entire spectrum of powertrain technologies – from components to functionally integrated systems.”

Thomas Stierle, CEO, E-Mobility, Schaeffler, added, “Our expertise in mechanical engineering, electronics and software enables us to develop scalable system solutions. Thanks to a consistently integrated approach, Schaeffler is developing electric powertrains that optimally combine efficiency, a compact footprint, functionality, sustainability and industrialization.”

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Sundram Fasteners has announced that it achieved its highest ever annual revenue, EBITDA and profits in FY2026. The company surpassed the INR 60 billion consolidated income milestone during this period.

For FY2026, the company’s consolidated income reached INR 63.68 billion, EBITDA at INR 1.07 billion and net profit of INR 5.92 billion.

In Q4 FY2026, the income came at INR 15.29 billion, up 12 percent YoY, domestic sales grew by 14 percent at INR 10.28 billion, net profit of INR 1.79 billion, up 34 percent YoY.

In FY2026, Sundram Fasteners incurred INR 4.04 billion in capital expenditure to expand capacity for existing business lines and new projects.

Growth was supported by momentum in non-auto segments, including wind energy, aerospace and railways. In the automotive sector, sales were bolstered by the North American Class 8 truck market and internal combustion engine (ICE) vehicle sales.

Arathi Krishna, Managing Director, Sundram Fasteners, said, “Our performance this quarter reflects the strength of our operational discipline and our unwavering focus on customer centricity. Despite a challenging global environment marked by geopolitical uncertainties, we have delivered all-time high results driven by robust domestic demand and improved efficiencies. We continue to see strong momentum in our non-auto segments such as wind energy, aerospace, and railways, which provide significant headroom for future growth. Additionally, new business wins across geographies have enabled us to further expand our global footprint. The uptick in North American Class 8 truck and ICE vehicle sales has supported growth in our automotive portfolio, while our strategic shift to directly engage with OEMs outside India in the fasteners division has enhanced both margins and market access, even amid broader industry sluggishness.”

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Tier 1 automotive supplier Sona BLW Precision Forgings (Sona Comstar) has announced its financial results Q4 FY2026 and FY2026, reporting its highest levels of revenue and profitability to date.  The company recorded growth in its electric vehicle segment, with revenue from battery electric vehicles (BEVs) contributing 39 percent share for FY2026.

For Q4 FY2026, the revenue grew by 47 percent YoY to reach INR 12.72 billion, EBITDA at INR 3.11 billion, up 32 percent YoY, PAT at INR 1.92 billion, an uptick of 17 percent YoY. Interestingly, revenue from battery electric vehicles program reached INR 3.59 billion, marking a 22 percent YoY increase.

During the quarter, the company secured four driveline programs. This included three orders from European manufacturers, marking the first time the firm has won three such contracts in a single quarter. These programs include:

• North American BEV Program: An order from a European manufacturer to supply gears, adding INR 2.2 billion to the order book.
• European BEV Program: A contract from a luxury manufacturer for assemblies, valued at INR 1.4 billion.
• Hybrid Platform: An INR 1.2 billion order from a European client for assemblies.
• Indian BEV Platform: An INR 1 billion order to supply assemblies for the Indian market.

For the full financial year, Sona Comstar recorded revenue of INR 44.75 billion, up 26 percent as compared to FY2026.  EBITDA for the year stood at INR 11.07 billion with a margin of 24.7 percent. The company expanded its portfolio by adding nine new electric vehicle programs and three customers, bringing its total to 67 programs across 35 customers.

Vivek Vikram Singh, MD & Group CEO, said, “Q4 FY26 was our strongest quarter financially and an important step forward in our strategic and technology roadmap, with new customers added in Europe and two new railway products commercialised. We delivered our best-ever quarter, with the highest revenue, EBITDA, PAT, BEV revenue and BEV revenue share. Revenue grew by 47 percent YoY, primarily driven by growth in EV traction and suspension motors, differential gears, differential assemblies along with consolidation of railway business. BEV revenue grew 22 percent YoY and BEV revenue share reached an all-time high of 39 percent. During the quarter, we won four driveline orders which includes three EV programs and one hybrid program. For the first time, we won three orders from European OEMs, and this is our first EV program win from Europe in almost four years. The hybrid program wins reinforce our view that hybrids are an opportunity for us, not a risk.”

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