Tier 1 suppliers Valeo has announced that based on the successful joint development with a European OEM on the magnet-free electric motor technology (EESM – Externally Excited Synchronous Motor), it is now extending its portfolio of magnet-free electric motors towards upper segment vehicles together with component major Mahle.

The partners have joined forces to develop an innovative magnet-free electric axle system, targeting upper segment electric vehicles with peak power ranging from 220 kW to 350 kW.

The iBEE system (inner Brushless Electrical Excitation), is a cutting-edge technology that aims to revolutionise performance and efficiency of magnet-free electric motors. Valeo and Mahle signed a Joint Development Agreement to combine both Valeo’s expertise in electric motors, highly efficient inverters and associated motor control laws and the expertise of Mahle on magnet-free rotor with its Mahle Contactless Transmitter (MCT) technology.

They are working on an innovative cooling concept in order to achieve an outstanding continuous to peak power ratio. Moreover, the carbon footprint is expected to be reduced by more than 40 percent versus a permanent magnet electric motor of equivalent power. The testing of the first prototypes will be completed by the end of 2024.

Xavier Dupont, Valeo Power Division CEO said, “This cooperation with Mahle is a perfect match. Mahle develops the EESM rotor and their brushless excitation system. Based on our power electronics know-how, Valeo provides a dedicated control of this electric motor and brushless system embedded in our inverter. This partnership allows Valeo to complete its EESM portfolio towards upper segment and is key to support the evolution of the automotive industry towards more innovative sustainable solutions.''

Martin Wellhoeffer, Member of the Mahle Group Management Board said, “In this project two front runners of electrification are joining forces. The new e-axle will benefit from Mahle’s expertise in contactless transmitter technology. Together we will be setting a new benchmark in packaging and efficiency for EESM based e-axles and taking the next step for our customers towards future mobility.”

Valeo's first EESM development is based on cooperation with a European OEM launched in 2022 in order to create a new magnet-free electric motor generation (EESM). The initial targets of the project were double; first to get an all-in-one architecture with a new stator and cooling technology in order to increase by 30 percent the power density compared to the current motors equipping the current OEM’s vehicles on the road. Secondly, to shrink its carbon footprint by 30 percent versus an electric motor equipped with magnets (PMSM). A validation phase for more than 6 months was successfully ended with results level over the initial expectations in terms of power and efficiency especially thanks to Valeo inverter expertise.

The performances match the level of permanent magnet electric motors for B/C segment vehicles with all benefits of a magnet-free technology (no rare earth and lower carbon footprint)

As part of its electrification strategy Mahle has been focusing on developing electric drive systems. Its contactless transmitter technology for magnet-free electric motors is testament to the company’s strong expertise in this field. Thanks to its high maturity level it is a key enabler for the next evolution of EESM-based e-axles.

Avoiding the use of rare earth materials does not only positively contribute to the sustainability of e-mobility, but is also advantageous in terms of costs and resource security. The key feature is the inductive and thus contactless and wear-free power transmission allowing motor operation at benchmark efficiency level.

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Cummins India (CIL), a power solutions provider, marked its 30th anniversary of listing on the National Stock Exchange of India (NSE) with a ceremonial bell ringing. The event was attended by Ashishkumar Chauhan, MD & CEO of NSE and Shveta Arya, Managing Director of Cummins India.

Since its listing on 29 March 1995, CIL has delivered returns for its shareholders and stakeholders. Over the three decades: the company has delivered 76x shareholder returns at a Compound Annual Growth Rate (CAGR) of 16 percent. Revenues have grown nearly 19x at a 10 percent CAGR and Profit After Tax has increased 30x at a 12 percent CAGR.

CIL now ranks among the top 100 companies by market capitalisation on the NSE, with its market cap surging by 76x since the listing. The company has cumulatively paid out INR 89.10 billion in dividends.

Shveta Arya, Managing Director, Cummins India, said, “For over six decades, we have powered India’s growth story. The anniversary of our 30-year presence on NSE is a significant milestone in that legacy. Since 1995, we have powered industries, enabled infrastructure, and advanced the transition to cleaner, more sustainable energy. This journey is the result of the trust of our shareholders, the dedication of our employees, and the enduring partnerships we have built with our customers, suppliers and communities. As India moves forward, we remain committed to advancing the national vision of Viksit Bharat with innovation, dependability, and inclusive impact for generations to come.”

Ashishkumar Chauhan, MD and CEO, NSE, said, “Cummins India’s 30-year journey on NSE is a remarkable milestone that reflects both resilience and purpose. Over the years, the company has grown in step with India’s progress, delivering value to shareholders, advancing innovation, and contributing to a more sustainable and inclusive future. At NSE, we take pride in being part of this journey and congratulate the leadership and employees of Cummins India on this achievement and look forward to their continued success.”

CIL has evolved into a diversified power solutions leader, now serving 10 industry segments, including rail, marine, defence, oil & gas, and data centres. The company also exports products to markets across Southeast Asia, the Middle East, Latin America, Europe and Africa.

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French tier 1 supplier Valeo will unveil its new electric compressor – the EDC-120, at Busworld Europe scheduled from 4th October to 9^th October 2025.

The component, featuring an integrated inverter, is designed for the electric bus segment. The company shared that this launch signals its move to extend its electrification expertise from passenger and light commercial vehicles into the heavy-duty and bus markets.

Claudine Rochette, Strategy & Communication VP, Valeo Power Division, said, “At Valeo, we are leading the electrification of the automotive market. With the launch of the EDC-120 electric compressor, Valeo drives into the electric bus market. This segment is expected to continue growing worldwide and Valeo’s ambitions do not stop at the electric compressor: we already have a wide portfolio of products for electric cars and light commercial vehicles that will be adapted for use in buses.”

The EDC-120 electric compressor has been engineered to meet the demands of electric buses in terms of performance, energy efficiency and reliability. This development uses Valeo’s existing portfolio of electrification solutions, including motors, inverters, DC/DC converters, heat pumps and other key components for electrified vehicles. Valeo plans to adapt these components further to meet the specific requirements for electric buses.

Valeo will also use its industrial scale and technological expertise to capture a share of the electric bus market. Production of the EDC-120 compressor is planned for 2026 in China, where the adoption of electric buses is most advanced. The company aims to establish a global presence, leveraging its international capabilities and local industrial footprint.

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Aurangabad-based auto component maker Dhoot Transmission Group has appointed Naveen Kumar as its new Group Chief Executive Officer, a key move aimed at accelerating its global growth and strengthening its leadership.

In his new role, Kumar will report directly to Founder and Managing Director Rahul Dhoot.

A Mechanical Engineering graduate from Manipal Academy of Higher Education and an alumnus of the senior management program at the Indian Institute of Management Calcutta, Kumar comes with over three decades of experience across the automotive, manufacturing and technology sectors, with a strong focus on strategic expansion, operational restructuring and forging international partnerships.

Prior to joining Dhoot Transmission, Kumar was the Group CEO of Napino Auto & Electronics. During his tenure there, he successfully scaled the company's revenues, dramatically improved operational performance, established a dedicated R&D centre and secured significant global joint ventures with major firms like Continental and ZF TRW.

Rahul Dhoot, said, "His extensive leadership experience, vision for innovation, and proven ability to deliver sustainable growth make him the ideal choice to lead Dhoot Transmission into its next chapter.”

The appointment aligns with the company's strategic focus on boosting innovation, enhancing competitiveness, and driving significant global expansion. Since its founding in 1999, Dhoot Transmission Group has grown to become a leading supplier of wiring harnesses for a wide range of vehicles – from two-wheelers and three-wheelers to commercial vehicles, off-road, farm and electric vehicles. Over the last 25 years, the Group has also diversified its offerings to include automotive switches, connection systems, advanced electronic components and comprehensive electric mobility solutions, such as charging equipment and battery assemblies.

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Nupur Recyclers, one of the leading players in the recycling and waste management sector, has announced a significant step in its forward integration strategy with the all-cash acquisition of Tycod Autotech for an enterprise value of INR 240 million.

The deal is set to pivot Nupur Recyclers from primarily a scrap processor to a manufacturer of high-value aluminium alloys and precision-engineered automotive components.

The acquisition is central to Nupur Recyclers’ ambition to move up the value chain, capturing greater profit margins beyond its core scrap processing and recycling operations. By acquiring Tycod, it instantly gains capabilities in value-added manufacturing for the automotive sector.

Following the deal, Nupur Recyclers has committed an additional INR 100 million to modernise Tycod’s production infrastructure. This investment includes the installation of High Pressure Die Casting (HPDC), VMC and CNC machinery, upgrades designed to increase manufacturing capacity and help attract new Original Equipment Manufacturer (OEM) partnerships in the coming quarters.

Rajesh Gupta, Managing Director, Nupur Recycling, said, “This acquisition is a strategic forward integration that allows us to capture greater value from our recycling operations. Tycod gives us the capability to not only expand our aluminium alloy ingot sales but also venture into precision manufacturing for the automotive sector. “We’re already dispatching over 100 tonnes of aluminium alloy ingots monthly to Tycod and are ensuring consistent quality and on-time delivery for our key OEM clients. Looking ahead, we’re targeting 300 tonnes per month to support in-house manufacturing of auto components by the year of FY2026-27.”

Tycod Autotech is a profitable entity operating out of a large facility within the 200-acre Tata Vendor Park in Rudrapur, Pantnagar. The company currently manufactures engine components for Tata commercial vehicles and supplies to key OEM partners, including Tata Motors, Sundaram Fasteners and Interpump Group.

The acquired facility features a 90,000 sqft industrial shed and robust infrastructure, making it a ready-to-scale manufacturing base.

Since the takeover, Nupur Recyclers has scaled Tycod’s operations, which currently employ about 175 people. The synergy between the two companies is already evident in the supply chain. NRL is currently dispatching over 100 tonnes of aluminium alloy ingots monthly to the Tycod facility.

The company is setting aggressive expansion targets, aiming for 300 tonnes per month of alloy supply to support in-house manufacturing of auto components by the fiscal year 2026-27.

Daksh Maheshwari from Tycod Autotech, said, “Joining hands with Nupur Recyclers has accelerated our growth trajectory. With a reliable raw material supply and new investments in advanced machinery, we are now poised to become a leading Tier-1 supplier to OEMs.”

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