Varroc Engineering, a tier-I supplier, has announced its financial results for Q2 FY2025 and H1 FY2025.

The company clocked revenue of INR 20.8 billion in Q2 FY2025, up 10.3 percent YoY, the profit before tax was 4.4 percent on the back of positive operating leverage in India operations. Overseas business and R&D spend in global operations for future growth were key factors that continued to impact consolidated profitability.

In H1 FY2025, the company reduced its net debt by INR 1,554 million with net debt to equity improving to 0.50x versus 0.64x at end-FY2024. The absolute net debt figure now stands at INR 8,273 million.

Tarang Jain, CMD, Varroc, said, "The India GDP growth for Q1 of FY2025 was 6.7 percent. This was lower than the earlier projections given by RBI and lower than the growth levels of the previous few quarters. While urban consumption is down, rural consumption has been improving during the FY which is also reflected in good growth seen in two-wheeler industry. Destocking by dealers before Euro 5+ and lack of growth driven by lower consumption is impacting the European and American two-wheeler market. In the ASEAN region, the growth was largely driven by low-end segments and the premium segment continues to struggle for growth in this region.”

Jain revealed that during H1 FY2025, Varroc incurred INR 1,030 million in CAPEX, and for H2 FY2025, the CAPEX will further grow on the back of investment for additional SMT lines and increasing EV component capacity.

“We are also investing in land in southern & western part of India for future growth. As indicated earlier, we are working on various initiatives to drive cost reductions across several categories of cost with special focus on fixed cost. Some of these measures have already started showing impact on our bottom-line but most of them will fully get reflected by Q4 FY2025. We have also rationalised headcount levels across businesses and functions. We continue to look at avenues to make the organisation more lean, nimble & agile and to increase speed in decision making,” said Jain.  

The tier 1 supplier stated its orderbook for H1 FY2025 continued to remain healthy, and it achieved net new business wins with annualised peak revenues of INR 6 billion. Interestingly, electric vehicle segment accounted for over 37 percent of the new business gains.

Gestamp, a leading global automotive technology company specialised in the design, development and production of highly engineered metal components, unveiled its innovative range of products today at the ongoing Bharat Mobility Global Expo 2025.

The GES-GIGASTAMPING® product line, a ground-breaking series of large-format components that integrate many body sections into one unit, was launched by Gestamp. This single item simplifies assembly and reduces expenses by replacing several cold and hot-stamped pieces. Among its many noteworthy advantages are improved safety cell integrity in collisions, lighter parts, simpler integration and a more environmentally friendly solution. Gestamp also introduced its Highpertubes, high-strength tube materials intended to improve vehicle crash performance, in the chassis area. These essential parts, which are made with cutting-edge hydroforming methods to ensure maximum CO2 efficiency and cost-effectiveness, are critical to occupant safety. Gestamp has introduced the Active Frunk, which is intended only for electric vehicles (EVs). The front lid can open and close completely automatically because of this technology's powered system, which also incorporates active pedestrian protection measures.

Gestamp's Technology and Innovation Office is leading the development of solutions for a new mobility paradigm in which different powertrains coexist, ranging from combustion engines, hybrids and plug-in hybrids to pure electric cars. Gestamp is spearheading the transition to electric transportation by utilising its cutting-edge technology and engineering know-how. With an emphasis on lightweight materials to increase vehicle range, innovations that satisfy changing safety regulations and designs that simplify assembly procedures, the company is developing essential parts for future EV architectures.

Glyn Jones, Country Manager, Gestamp India, said, “Sustainability has been an integral part Gestamp’s strategy since its inception. We’re committed to designing, developing, and manufacturing vehicle parts that contribute to creating cars that are not only safer for consumers but also lighter on the environment. As the automotive industry undergoes significant changes, Gestamp expresses optimism about the future. Its focus on lightweight solutions enhances vehicle performance while aligning with sustainability goals. These products that we unveiled today represent key advancements in Gestamp's pursuit of innovation and sustainability, emphasizing lightweight design, improved safety, reduced CO2 emissions, and cost efficiency.”

ZF Group is making waves at the Bharat Mobility Global Expo 2025 with a showcase of cutting-edge mobility solutions. The company’s presence highlights its commitment to advancing sustainable, intelligent transportation in India, a strategic market for ZF.

A standout at the ZF booth is the X-by-Wire portfolio, a revolutionary technology that replaces traditional mechanical and hydraulic linkages with electronic signals. This advancement enhances vehicle customisation and safety, laying the foundation for software-defined vehicles. ZF’s by-wire systems, including brake-by-wire, steer-by-wire, and active damping, promise unprecedented levels of autonomy and driving stability.

For both commercial vehicles and passenger cars, ZF is also showcasing its advanced ADAS technologies such as radar and camera systems. These systems offer critical safety features including autonomous emergency braking, lane departure warning and adaptive cruise control. In commercial vehicles, the OnGuardMAX Autonomous Emergency Braking System and Short-Range Radar improve object detection, helping to reduce accidents and increase road safety.

ZF’s commitment to sustainable mobility is reflected in its electrification solutions, such as the CeTrax 2 dual electric central drive for heavy-duty trucks, buses, and coaches. Additionally, the next-generation fleet management solution, SCALAR, uses real-time data and predictive analytics to optimise mixed fleet operations.

The e-comp Air Lite, a lightweight electric compressor designed for medium-duty commercial EVs, is another innovation aimed at enhancing energy efficiency in the Indian and Asian markets. ZF’s Electronic Braking System and Electronic Stability Control further improve safety and handling.

The company also unveiled the Ergo Power II transmission for construction equipment, tailored to meet the demands of the off-highway industry. This advanced transmission integrates electronic driveline management, reducing operational costs and delivering high performance.

With its comprehensive portfolio of cutting-edge technologies, ZF is strategically positioned to lead the next generation of mobility, leveraging strengths in e-mobility, commercial vehicle technology, and industrial solutions. Its focus on localising products and optimising manufacturing and engineering capabilities further enhances its agility and resilience in the market.

The future-oriented technologies on display at the ZF Group booth reinforce the company’s role as a technology leader, driving innovation and redefining India’s mobility landscape.

Commenting on the occassion ZF Group India President Akash Passey noted, "India represents a strategic market for ZF and we are dedicated to facilitating the nation's shift towards a sustainable, safe and interconnected mobility ecosystem. Our emphasis on technological innovation and advanced solutions is closely aligned with the dynamic and growing automotive industry in India. We are well-positioned to address the evolving needs of the future of transportation in India, for domestic and global players."

BorgWarner is set to showcase its cutting-edge electrification technologies at the Bharat Mobility Global Expo 2025 in New Delhi, underlining its commitment to driving India's transition to cleaner, more efficient mobility. At Booth M5 in Hall H2 at the Components Show in Yashobhoomi, Dwarka, the company will present its latest advancements in electrified drivetrain solutions.

“Our participation in the Bharat Mobility Global Expo provides an excellent platform to demonstrate our pioneering eMobility technologies,” said Vice President Dr. Stefan Demmerle. “With our high-energy LFP batteries, advanced power electronics and thermal management solutions, we aim to support India’s rapid shift toward sustainable mobility. Our combination of global expertise and strong local presence positions us as a key partner in this transformation," he added. 

BorgWarner’s LFP battery systems, built on a modular architecture leveraging blade cell technology from FinDreams Battery, delivers high energy density and adaptability. These systems, available in various pack sizes, are suitable for electrified commercial vehicles such as buses and trucks, as well as diverse off-road applications. The batteries are designed to enhance vehicle range, safety and reliability, featuring a proprietary electronics and software platform tailored for future requirements.

In addition to battery systems, BorgWarner will spotlight its integrated drive modules, eMotors, high-voltage coolant heaters, next-generation inverters and advanced turbo-charging solutions. 

Minda Corporation, the flagship company of Spark Minda Group, has announced a strategic partnership with Pune-based component supplier Flash Electronics to further strengthen their role in the electric vehicle segment.

As per the understanding, Minda Corp is set to acquire 49 percent stake in Flash Electronics for a cash consideration of INR 13.72 billion. Flash Electronics is expected to clock INR 15 billion revenue in FY2025, EBITDA margin of 14 percent and ROCE of over 22 percent.

The strategic partnership will see Minda Corporation’s automotive body electronics and Flash’s automotive engine and powertrain electronics complement each other to offer a diverse range of solutions to its customers.

Furthermore, Flash is already a leading supplier of electricals and electronics for two- and three-wheeler segment, along with a diverse range of products such as motors, motor controllers and vehicle control units among others for EV powertrain. Minda Corp on its part has recently introduced a range of products such as DC-DC converters, battery telematics, power electronics products and battery chargers among others. The joining of forces between the two company will see them extend their relationships with automakers to become a complete system integrated supplier.

Ashok Minda, Chairman & Group CEO, Minda Corporation, said, “I have had the privilege of knowing Sanjeev Vasdev for many years, and we together are thrilled to embark on this strategic partnership journey with Flash Electronics. I am confident along with Sanjeev, I will be able to take this partnership to staggering heights. One plus one will be eleven. This partnership fits perfectly, strategically and financially in Minda Corporation’s long-term vision of creating value for customers and shareholders.”

Sanjeev Vasdev, Managing Director, Flash Electronics (India), added, “I am confident that this partnership will catapult both the companies to a different level, the thing I am most excited about is having Ashok by my side and also having the opportunity to interact and work with Aakash. I believe that this partnership will set new benchmark for the industry and create more opportunities for employees for both the companies through technology advancements.”