Shriram Pistons & Rings Limited (SPRL) will be acquiring 75 percent shareholding in Takahata Precision India Private Limited (TPIL) through its wholly owned subsidiary, SPR Engenious. The purchase consideration for 75 percent equity is INR 850 million (enterprise value of INR 2,220 million). This will mark Shriram Pistons & Rings’ foray into the manufacturing of precision injection moulded components, the company states. Takahata Precision India is an ultimate subsidiary of Takahata Japan.

Commenting on the proposed investment, Krishnakumar Srinivasan, Managing Director and CEO, Shriram Pistons & Rings, said, “With this strategic investment, SPRL aims to diversify its product portfolio beyond the current pistons, rings, engine valves and EV components, to precision plastic injection moulded parts. With the operations and technology support of Takahata Japan to TPIL, we will be able to service the domestic and global customers requiring precision moulded parts, both for automotive and industrial applications. Takahata brings in their high technology expertise to develop complex parts for these applications. This acquisition combines two 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.”

The acquisition is subject to customary approvals and conditions. EY acted as the exclusive financial advisor to SPRL on this transaction.

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Nawgati, an Indian fuel-tech company, has been named the title sponsor for the 2026 Annual General Meeting (AGM) of the Petrol Dealers Association Pune (PDAP). The association represents over 900 petroleum dealers within the Pune district.

The AGM is scheduled for 21 March 2026 at the Hotel Westin Koregaon Park, Pune. The event includes an industry exhibition designed to showcase technological solutions and services within the petroleum retail value chain.

Attendees will include senior bureaucrats, officials from oil marketing companies and representatives from dealer associations across Maharashtra. The gathering focuses on the convergence of digital innovation and existing fuel retail infrastructure.

Nawgati is utilising the platform to highlight Aaveg for Dealers, an operating system developed for fuel retailers. The platform integrates several operational functions into a single interface: real-time accounting and inventory management, sales intelligence and automated invoicing, digital contracts and credit control systems.

The company currently operates across India and has established subsidiaries in the UAE and Sri Lanka to scale its connected fuelling ecosystem.

Vaibhav Kaushik, Co-Founder & CEO, Nawgati, said, “The Petrol Dealers Association Pune AGM is bringing together stakeholders who are directly involved in these discussions through this Annual General Meeting, and Nawgati is pleased to support a platform that encourages meaningful exchange within the sector, as such conversations are important in shaping practical solutions that benefit both dealers and consumers.”

Aalaap Nair, Co-Founder, Nawgati, added, “Through Aaveg for Dealers, we are introducing an all-in-one operating system designed specifically for modern fuel retailers. It brings together real-time accounting, inventory management, and sales intelligence into a single, seamless platform. By enabling greater control over credit, customers, and cash flow, supported by smart insights, automated invoicing, and digital contracts, Aaveg is simplifying operations and helping dealers run more efficient, scalable fuel businesses.”

Dhruv Ruparel, President of the Petrol Dealers Association Pune, stated, “The Annual General Meeting serves as an important forum for the dealer community, as it gives us a platform to engage on operational and industry-related developments. Nawgati’s association this year as the “title sponsor” reflects the increasing role of tech-led solutions in fuel retail, which is strengthening these operations. We are looking forward to constructive discussions that support the sector’s continued progress.”

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Japanese technology company TIER IV and Isuzu Motors have announced the deployment of Level 4 autonomous buses using the Nvidia Drive Hyperion computing platform. The technology will be integrated into Isuzu ERGA electric and diesel models, featuring the Nvidia Drive AGX Thor system-on-chip (SoC) to provide safety and performance redundancy.

The autonomous transit vehicles combine TIER IV’s Level 4 software stack, based on the open-source Autoware platform, with Isuzu’s vehicle architecture and Nvidia’s AI compute. The objective is to create high-capacity public transit solutions capable of scalable deployment.

The system is designed to be hardware-agnostic and fail-operational, addressing operational requirements for public services and national challenges such as driver shortages.

Shinpei Kato, Founder and CEO, TIER IV, said, “This collaboration marks a definitive milestone for autonomous transit. By fusing Isuzu’s legendary engineering with NVIDIA’s Thor AI compute, we have built an unmatched foundation for Level 4 transit driven by Autoware. Unveiling this Level 4 autonomous bus deployment at Nvidia GTC 2026 proves that when you combine world-class hardware with the power of the Autoware ecosystem, safe and scalable public transit is no longer a goal – it is a reality.”

Hiroshi Sato, Senior Executive Officer and Vice-President, Engineering Division, Isuzu, commented, “Our partnership with TIER IV and Nvidia represents a significant leap in commercial vehicle intelligence. Deploying Level 4 autonomous driving on both our ERGA EV and diesel models ensures that we provide versatile, sustainable, and highly efficient solutions for any fleet. We are bringing Isuzu’s world-renowned reliability to the autonomous age, ensuring safe and high-performance transit at scale.”

Rishi Dhall, Vice-President of Automotive, NVIDIA, added, “The transition to highly automated commercial transport demands fail-operational, high-performance computing without compromise. TIER IV and Isuzu are frontrunners in the public transit vertical, utilizing Nvidia Drive AGX Thor on the Drive Hyperion platform in the Isuzu ERGA to power TIER IV’s Autoware-based Level 4 software stack. Their scalable solution addresses critical real-world needs, such as Japan’s national driver shortage, while delivering the operational rigor necessary for essential public services.”

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Lauritz Knudsen Electrical and Automation has entered into a partnership with Orion Racing India, the Formula Student team of K J Somaiya School of Engineering, Mumbai.

The collaboration is intended to support engineering students at the grassroots level and strengthen the development of electric mobility capabilities within India.

The partnership focuses on hands-on learning and experimentation in the design of electric and autonomous vehicle platforms. Lauritz Knudsen aims to foster skills in power distribution systems and electric vehicle charging infrastructure, areas central to the company’s industrial focus.

Orion Racing India has operated in student motorsport for nearly 20 years, transitioning from internal combustion engines to electric prototypes in 2019. The team uses electric race cars as a platform for students to address challenges in – energy management, power systems, vehicle safety and performance engineering.

Naresh Kumar, COO, Lauritz Knudsen Electrical and Automation, said, “India’s electric mobility journey will be shaped by the ecosystem we build today. At Lauritz Knudsen, we believe meaningful change begins early, when young engineers are encouraged to build, experiment, and apply their learning to challenges. By engaging with students who are actively working on electric vehicle technologies, we are helping develop future ready talent that will play a defining role in India’s mobility and energy future.”

Dr. Ukrande, Director of K J Somaiya School of Engineering, added, “Orion Racing India has a long and proud legacy of representing K J Somaiya School of Engineering at Formula Student competitions over the years. What makes this journey special is the continuity each batch of students builds on the learning, experience, and spirit of those before them. Through hands-on work on electric racecars, our students move beyond textbooks to real engineering challenges. Support from industry partners like Lauritz Knudsen further strengthens this learning ecosystem and motivates students to innovate in areas critical to India’s mobility future.”

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Horse Powertrain has announced kAIros, a company-wide artificial intelligence (AI) initiative led by its Horse Technologies division. The programme aims to reduce time-to-market by nearly 50 percent, decrease low-value process work by 40 percent and improve design cycle efficiency by 25 percent.

The initiative is supported by Nvidia, Google Cloud and Deloitte, focussing on engineering, production and business operations.

At the core of the initiative is the Horse Powertrain AI Factory, which supports model training, simulations and digital twins. The infrastructure is designed to generate training data to refine models and improve real-world deployment.

The technical framework includes:

• Nvidia RTX PRO servers equipped with Blackwell Server Edition GPUs.
• Google Cloud NVIDIA RTX 6000 Blackwell Server Edition GPUs.
• Nvidia AI software, including CUDA-X, Omniverse and Cosmos, to accelerate application development.
• Google Gemini Enterprise for the deployment of AI agents to automate coordination tasks.

The kAIros initiative supports physical AI, connecting real-world operations with virtual systems in real time. This integration enables autonomous decision-making for cobots, automated guided vehicles and smart machinery. Key applications include video-based quality inspection, product simulation and robotics for process optimisation across factories and logistics.

A Centre of Excellence has been established to lead internal AI development. This multifunctional team will build applications to scale industrial expertise across the organisation and improve predictive accuracy in propulsion solutions.

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