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Tag: auto components

  • Shakti Pumps invests ₹5 crore in Shakti EV Mobility.

    Shakti Pumps invests ₹5 crore in Shakti EV Mobility.

    According to a regulatory filing submitted to the stock exchanges, Shakti Pumps (India) Ltd has invested ₹5 crore in its wholly owned subsidiary, Shakti EV Mobility Pvt Ltd, to support the company’s operational expansion.

    The investment was made through subscription of 50 lakh equity shares with face value of ₹10. After the latest capital infusion, Shakti Pumps’ total investment in its electric mobility subsidiary has increased to ₹70 crore.

    Established in December 2021, Shakti EV Mobility focuses on the design, engineering and manufacturing of electric vehicle powertrain components, including electric motors and charger controllers for electric two-wheelers, three-wheelers, four-wheelers and specialty electric vehicles.

    The regulatory filing also highlighted the subsidiary’s strong business growth. Shakti EV Mobility reported a turnover of ₹24.25 crore in FY26, significantly higher than ₹3.73 crore in FY25, reflecting the company’s growing presence in India’s electric vehicle component market.

  • JSW Motors hosts Supplier Partner Conference and Tech Show to build NEV ecosystem

    JSW Motors hosts Supplier Partner Conference and Tech Show to build NEV ecosystem

    JSW Motors Limited, the new energy passenger vehicles arm of the JSW Group, hosted its first Supplier Partner Conference and Tech Show at its manufacturing facility in Bidkin, Chhatrapati Sambhajinagar, in collaboration with the Automotive Component Manufacturers Association of India (ACMA).

    The event brought together strategic supplier partners, industry stakeholders and senior leaders from internal teams, marking an important milestone in JSW Motors’ efforts to build a future-ready automotive ecosystem in India.

    Designed to provide partners with a clear understanding of the company’s product and technology roadmap, the conference also aims to align expectations as JSW Motors pursues its vision in the new energy vehicle (NEV) sector. Held in partnership with ACMA, the event saw participation from over 100 auto component companies, highlighting the strong commitment to developing a collaborative and localized supply chain.

    Speaking on the occasion, Ranjan Nayak, CEO, JSW Motors Limited, said, “At JSW Motors, we believe that creating world-class mobility solutions requires a strong and future-ready supplier ecosystem. The first supplier conference and tech show reflects our commitment towards collaborative development, technology excellence and supply chain flexibility. JSW Motors is just a few months away from its first launch. The conference we are organizing today is an indication of how we With how seriously we take localization and how seriously we take the partnerships we’re building.”

    Congratulating JSW Motors for the highly successful Supplier Partner Conference and Tech Show organized in collaboration with ACMA, Vikrampati Singhania, President, ACMA, said, “This initiative is an important step towards building a future-ready and flexible mobility ecosystem in India. As the industry moves towards new energy vehicles, the role of suppliers is becoming increasingly strategic, enabling timely investment and capacity development to enable quick coordination of product roadmap, technology direction and scale. “We are encouraged by JSW Motors’ strong commitment to collaboration, which will be critical in strengthening the domestic value chain and enhancing the global competitiveness of India’s auto component industry.”

    The event included leadership addresses, strategic business sessions and a technology showcase that highlighted solutions and innovations in automotive components, including design, development and manufacturing and next-generation technologies. It also served as a collaborative platform to deepen engagement with potential business partners, encourage exchange of knowledge and strengthen long-term partnerships critical to JSW Motors’ growth ambitions.

    JSW Motors Limited is committed to building a glocal automotive ecosystem in India, combining local manufacturing capabilities with access to best-in-class global technologies. This approach enables the company to deliver world-class automobiles tailored to the needs of the Indian market, by consciously investing in strengthening domestic value creation by building flexible, agile and resilient supply chains for long-term industry competitiveness.

  • Sona Comstar reports best ever quarter in Q3FY26 driven by strong EV growth |

    Sona Comstar reports best ever quarter in Q3FY26 driven by strong EV growth |

    Sona BLW Precision Forgings Ltd (Sona Comstar) on Friday reported 20 per cent year-on-year (YoY) rise in net profit to ₹181 crore for the October-December quarter of FY26 due to strong growth in its electric vehicle (EV) traction motor and railway businesses in India.

    The Gurugram-based mobility technology supplier reported revenue of ₹1,209 crore in Q3FY26, registering a strong growth of 39 per cent year-on-year. EBITDA for the quarter grew 30 per cent to ₹305 crore, margins remained healthy.

    Battery electric vehicle (BEV) programs accounted for 38 percent of total automotive product sales during the quarter. However, BEV revenue declined marginally by 3 per cent to Rs 329.1 crore compared to Rs 320.2 crore in the previous quarter of FY26. “Our total revenues grew 39 percent during the quarter, while BEV revenues accounted for 38 percent of total automotive product sales,” the company said.

    Commenting on the performance, Managing Director and Group CEO Vivek Vikram Singh said, “We achieved our highest ever quarterly revenue, EBITDA and adjusted net profit in Q3FY26. The growth was primarily driven by the expansion of our EV traction motor and railway business in India. We continue to add new EV customers and win new programs from existing customers.”

    EV business picks up pace

    EV programs contributed 71 per cent to Sona Comstar’s net order book for the nine months ending December 2025, with the total order book at ₹23,500 crore. During the first nine months of FY26, the company added six new EV programs, taking the total number of awarded EV programs to 64 across 33 global customers.

    New products and localization initiatives

    During the quarter, Sona Comstar commercialized a hydraulic motor controller for electric farm equipment vehicles, thereby entering a new application segment beyond core automotive offerings. The company also began sample production of in-cabin radar sensors at its Chennai facility, making it one of the few automotive radar manufacturers in India with local surface-mount technology (SMT) manufacturing capability. Serial production is expected to begin in the second half of calendar year 2027.

    nine months performance

    For the nine months ended December 31, 2025, Sona Comstar reported revenue of ₹3,203 crore, up 19 per cent year-on-year. EBITDA stood at ₹796 crore, while adjusted profit after tax increased to ₹478 crore. EBITDA margin remained stable at around 25 percent.

    Management attributed the steady growth to the expansion of EV traction motor programs and growing demand from the railway sector as well as the continued growth of global OEM customers. Sona Comstar supplies driveline, traction motor and sensor solutions to global mobility OEMs and operates manufacturing and R&D facilities in India, the US, Europe, Mexico and China.