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  • Tsuyo Manufacturing appoints Prashant Ranjan as Director-in-Charge – Sales & Service AutoguideIndia

    Tsuyo Manufacturing appoints Prashant Ranjan as Director-in-Charge – Sales & Service AutoguideIndia

    Tsuyo Manufacturing Pvt. Ltd., a leading Indian manufacturer of electric mobility components, has announced the appointment of Prashant Ranjan as Director in-charge – Sales and Service. The appointment comes as the company accelerates its growth strategy and strengthens its presence in the fast-growing electric mobility sector.

    In his new position, Ranjan will oversee Tsuyo’s domestic sales and service operations with a focus on driving business growth, expanding market reach, enhancing customer engagement and improving operational efficiency. He will also be responsible for leading strategic initiatives aimed at strengthening the company’s market position, developing strong after-sales support systems and establishing a comprehensive service excellence network across the country.

    The leadership appointment underlines Tsuyo’s commitment to scale its operations and provide advanced e-mobility solutions to meet the growing needs of India’s electric vehicle ecosystem.

    Mr. Ranjan brings with him extensive experience in business development, operations management, strategic planning, market expansion and customer relationship management. During his career, he has held leadership positions in prestigious organizations including Saint-Gobain, Wipro and Godrej, where he successfully led business transformation initiatives, drove revenue growth and built high performing teams across diverse sectors.

    His appointment reinforces Tsuyo’s commitment to building a strong leadership team capable of driving innovation, operational excellence and sustainable growth in the country’s rapidly growing electric mobility landscape.

    Commenting on his appointment, Prashant Ranjan, Director in-charge – Sales & Service, Tsuyo Manufacturing Pvt. Ltd., said, “India’s electric mobility sector is entering a transformational phase, driven by innovation, policy support and growing consumer adoption. Tsuyo has established itself as a key player in the e-mobility component ecosystem through its strong manufacturing capabilities and technology-led approach. I am excited to join the organization at this important phase of growth.” And look forward to working closely with the team to contribute to the company’s long-term vision to accelerate India’s transition towards sustainable mobility.”

    As the company expands its footprint in key markets, the appointment of experienced industry leaders like Ranjan reflects Tsuyo’s focus on building a future-ready organization equipped to capitalize on emerging opportunities in the electric mobility sector.

  • Tsuyo Manufacturing named among India’s top 120 startups for Bharat Innovates 2026

    Tsuyo Manufacturing named among India’s top 120 startups for Bharat Innovates 2026

    Tsuyo Manufacturing Private Limited, a leading Indian e-mobility component manufacturer and innovator in integrated electric vehicle powertrain solutions, has been selected among the Top 120 Startups for Bharat Innovates 2026, a flagship initiative of the Ministry of Education, Government of India.

    This recognition underlines Tsuyo’s growing impact on India’s electric mobility ecosystem through its focus on developing and manufacturing advanced, locally engineered EV powertrain technologies. By strengthening domestic capabilities in critical e-mobility components, the company continues to contribute to India’s vision of self-reliance in clean transportation technologies.

    Tsuyo is actively working with automotive OEMs across all vehicle segments, providing integrated powertrain solutions that enhance efficiency, performance and scalability for electric vehicles. Its selection for Bharat Innovates 2026 reflects the company’s commitment to innovation and its role in accelerating EV adoption while supporting the country’s broader sustainability and electrification goals.

    Vijay Kumar, Founder and CEO, Tsuyo Manufacturing Pvt. Ltd., commented on the recognition, “This milestone is an endorsement of the sustained effort of the entire Tsuyo team. It reaffirms our vision of developing globally advanced, adaptable and affordable EV powertrain technologies that are both designed and manufactured in India. As the nation accelerates its shift towards sustainable mobility, indigenous innovations will help increase supply chain resilience, reduce technological dependencies and make India a We look forward to using this platform to highlight India’s engineering potential and connect with global stakeholders who share our commitment to sustainable transportation.

    Mr. Lalit Baid, Founder and COO, Tsuyo Manufacturing Pvt Ltd, said: “India Innovates 2026 provides a unique opportunity for technology companies to collaborate, learn and expand. At Tsuyo, our focus has consistently been on developing high-performance, reliable and cost-effective powertrain solutions that must meet the growing demands of the EV industry. A key pillar of our innovation is our work on sustainable motor manufacturing without rare-earth magnets. Reducing dependence on the critical mineral supply chain and eliminating the geopolitical risk that comes with China-dominated RE magnet sourcing will help us further enhance our innovation roadmap, build meaningful partnerships and contribute to India’s goal of becoming a global leader in electric mobility technologies.

    India Innovates 2026, being held in Nice, France from 14 to 16 June, is a landmark national event designed to identify, mentor and showcase India’s most promising technology enterprises. Announced by the Honorable Prime Minister of India Shri Narendra Modi during the India-France Year of Innovation on February 17, 2026, the prestigious platform aims to strengthen India’s innovation ecosystem and position the country’s most promising startups on the global stage.

    Through continued investment in research and development, Tsuyo is committed to accelerating the adoption of clean mobility solutions while contributing to India’s sustainability and manufacturing goals.

    As part of India Innovates 2026, Tsuyo will receive access to mentorship, networking opportunities and global exposure, allowing the company to further expand its technological capabilities and strengthen its role in shaping the future of electric mobility.

  • India’s EV battery demand is expected to grow 10x by 2032 as IESA unveils new EV market outlook report.

    India’s EV battery demand is expected to grow 10x by 2032 as IESA unveils new EV market outlook report.

    India’s electric vehicle industry is entering a new phase of rapid expansion, evolving from a policy-led transition to a large-scale industrial ecosystem spanning batteries, motors, power electronics, advanced chemistry, local manufacturing and supply chain investments.

    Reflecting this shift, India Energy Storage Alliance, in collaboration with Customized Energy Solutions, will launch the report “India EV and EV Component Market Outlook 2025-2034” during the 12th India Energy Storage Week 2026, scheduled from July 8-10, 2026, at Yashobhoomi.

    The report comes at a critical time for the industry, with India’s EV battery demand projected to grow tenfold – from 20 GW in 2025 to 200 GW by 2032 – highlighting the accelerating pace of electric mobility adoption across the country.

    According to the study, India’s EV opportunity is no longer limited to vehicle production alone. The report suggests that the biggest strategic benefits can emerge from component localisation, domestic manufacturing and development of a strong supply chain ecosystem as India positions itself as a global EV manufacturing hub.

    The findings are expected to provide important insights into emerging trends, investment opportunities, localization strategies and the future trajectory of India’s rapidly growing EV and battery ecosystem.

    Debamaly Sen, President, India Energy Storage Alliance (IESA), said, “With India’s EV market entering an era of unprecedented growth and battery demand projected to grow tenfold by 2032, the industry’s next leap will be driven by localisation, advanced chemistries and flexible supply chains. The insights we present at IESW 2026 will help set the agenda for India’s leadership in global e-mobility.”

    The report further projects that India’s EV sales are expected to cross 2.5 million units in 2025, including 1.5 million electric two-wheelers and 0.7 million electric three-wheelers. This comprehensive study moves beyond traditional adoption analysis, providing a detailed assessment of India’s rapidly growing EV and component manufacturing ecosystem. The report covers a wide spectrum: EV market outlook across all segments, battery demand forecast, battery chemistry developments, EV component manufacturing trends, supply chain developments, localization opportunities, competitive benchmarking and strategic outlook for the industry till 2034.

    “The evolution of the EV market from policy to industry is opening new frontiers for component manufacturing and supply chain innovation. This report aims to give all stakeholders from OEMs to investors the strategic direction needed to capitalize on these emerging opportunities,” said Vinayak Valimbe, Managing Director, Customized Energy Solutions.

    Initial findings indicate that the market is approaching an inflection point. While electric two-wheelers remain the leader in sales, the next phase of growth is expected to come from passenger electric cars and light commercial fleets. India’s electric four-wheeler market is poised for one of the fastest global growth rates, boosted by improved battery economics, expansion of charging infrastructure, wider OEM participation and growing consumer acceptance. The electrification of commercial mobility is also growing rapidly, particularly in urban logistics, public transportation and fleet operations, where total cost of ownership (TCO) benefits are becoming increasingly attractive.

    The report highlights important technology shifts already underway. In battery chemistries, NMC (Nickel Manganese Cobalt) currently dominates the electric two-wheeler segment with 70% market share, while LFP (Lithium Iron Phosphate) chemistry is rapidly gaining ground in other segments. It explores the future of LMFP, solid-state, sodium-ion, and other evolving cell technologies through 2032. In motor technology, BLDC motors account for 71% of the two-wheeler market, while PMSM motors have emerged as the preferred technology in electric passenger vehicles with over 90% market share. AC induction motors remain relevant, especially in electric three-wheelers for commercial use. The study is designed to equip automakers, battery manufacturers, component suppliers, investors, policy makers, utilities and technology providers with actionable intelligence across India’s growing EV ecosystem.

    India Energy Storage Week 2026 will serve as the industry’s definitive platform for innovation, collaboration and market intelligence. The event will welcome over 200 exhibitors and 10,000 industry leaders from India and abroad who will showcase cutting-edge advancements in e-mobility, battery manufacturing, recycling, stationary storage and green hydrogen. IESW 2026 will foster new partnerships and highlight India’s ambition to become a global leader in clean transportation and advanced manufacturing.

  • Hyundai Mobis develops scalable power electric system for all EV segments AutoguideIndia

    Hyundai Mobis develops scalable power electric system for all EV segments AutoguideIndia

    Hyundai Mobis has expanded its electrification portfolio with the successful development of a new 160-kilowatt Power Electric (PE) system designed for general-purpose electric vehicles, further strengthening its EV component capabilities. The latest development follows the company’s previously introduced high-performance 250-kilowatt PE system and is another step in building a comprehensive electric drive system lineup for diverse mobility applications.

    Hyundai Mobis also announced plans to complete the development of a compact 120-kilowatt PE system for small mobility vehicles during the first half of this year. With the addition of the new systems, the company aims to offer scalable electrification solutions covering the full spectrum of electric vehicle segments.

    The expanded lineup is expected to enhance Hyundai Mobis’ competitiveness in the global electrification components market, while supporting the growing demand for efficient and versatile EV powertrain technologies in markets around the world.

    While Hyundai Mobis previously handled mass production of PE systems based on customer orders, it has now secured the design technology for each auto component of the PE system through in-house R&D and is unveiling its own drive models. The PE system is a core auto component equivalent to the powertrain of an internal combustion engine and includes a motor, inverter and reduction gears.

    During the development of its proprietary PE system model, Hyundai Mobis focused on standardizing key auto components and modularizing them. These include the stator, inverter, and power module for the drive motor, which is a bundle of power semiconductors.

    This system-level standard model offers benefits in terms of scalability, as it can be applied to different vehicle models through a platform-like approach. This is more efficient than the strategy of developing a new powertrain for each new vehicle launch. As the number of electric vehicle models increases, this approach is expected to be beneficial for mass production in the future. This method differs from the traditional approach used by global automakers, where they collaborated with individual automotive suppliers to develop component technologies and assemble PE systems.

    Hyundai Mobis plans to actively offer the PE system thus developed to its global customers. It is reported that some foreign customers have already shown great interest in it. While Hyundai Mobis has previously received orders for battery systems from global customers, this development allows the company to expand its electrification portfolio in the powertrain sector. The company also expects to improve profitability as it is now able to both design and mass produce.

    The maximum output of the PE system developed by Hyundai Mobis is 160 kilowatts, which is equivalent to 215 horsepower in internal combustion engine terms. This level of performance is suitable for use in most electric vehicles currently in mass production. If two PE systems are installed on the front and rear axle, the maximum output is doubled.

    Despite developing the PE system as a universal model, Hyundai Mobis has improved its performance. Specific power, measured as power output per unit weight, increased by about 16%, while the total volume of the system decreased by about 20%. This was achieved through modular design technology and extensive use of standard auto components. The company also improved the motor structure by implementing new cooling technology and developed a power module using power semiconductors that maximize energy efficiency.

    Earlier, Hyundai Mobis had already completed the development of a high-efficiency, high-output 250-kilowatt-class PE system last year.

    The company successfully developed the product with the goal of creating a high-performance product that has a competitive edge over rivals in various aspects, including maximum output, motor torque and cooling structure.

    Following the 160-kilowatt and 250-kilowatt PE systems, Hyundai Mobis plans to complete the development of a 120-kilowatt PE system tailored for compact cars within the first half of this year. The system features minimal size and weight compared to the other two models, while also offering price competitiveness tailored to emerging markets.

    With this, Hyundai Mobis will have a full range of drive systems covering all types of electric vehicles, from small mobility solutions to high-performance vehicles. This will not only enable the company to meet the diverse needs of its customers but also create a differentiated product strategy to suit specific objectives.

  • Shriram Piston expands into EV and advanced automotive components.

    Shriram Piston expands into EV and advanced automotive components.

    Shriram Piston & Rings Ltd has amended its Memorandum of Association (MOA) to broaden its business scope, marking a strategic expansion into electric vehicle (EV) technologies and advanced automotive components.

    Expanded core business scope

    The first amendment modifies the existing sub-clause under Clause III (A), thereby significantly expanding the company’s traditional product portfolio. The updated scope now includes the manufacturing of pistons, piston rings, cylinder liners, engine bearings, valve tappets, connecting rods, steering knuckles, gear assemblies, power take-offs and other engine and transmission components.

    Additionally, the revised segment expands the range of end-use applications beyond traditional automobiles, trucks, tractors and motorcycles. The company can now also cater to sectors such as drones, lawnmowers, snowmobiles, submarines and aircraft, reflecting its broader mobility and industrial focus.

    Entering Electric Vehicles and Powertrain Systems

    The second amendment signals the formal entry of Shriram Piston into the electric vehicle supply chain. Under this segment, the company will be able to design, manufacture and supply traction motors including permanent magnet synchronous, axial flux, radial flux and combination flux motors.

    Its scope includes the motor controller, DC-DC converter, battery management system (BMS), and the complete e-drive system. Additionally, the company will be able to develop precision-molded plastic and metal components used in vehicle interiors and exteriors, as well as radar and telematics units, infotainment systems, ADAS components, lidar and high pressure die casting (HPDC) parts.

    OEM and jobbing business expansion

    The third modification enables the company to perform OEM manufacturing and jobbing work on a wide range of automotive components. This includes axles, propeller shaft, universal joints, injection-molded parts, EV water pump, thermal cooling system and plastic fuel capture system.

    The extended scope also includes automotive lighting solutions such as LED lights, ambient lighting, daytime running lights, charging indicators, illuminated grilles and lighted logos. Interior components such as capacitive touch panel, intelligent steering system, sun visor, headliner, door panels and parcel tray are also included.

    With these amendments, Shriram Piston & Rings is positioning itself to diversify beyond traditional engine components and strengthen its presence in the growing EV and advanced mobility ecosystem.

  • 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.