Bharat Forge Q4 Results Live : profit rise by 74.01% YOY
Bharat Forge Q4 Results Live : Bharat Forge declared their Q4 results on 08 May, 2024, with the topline increasing by 14.75% and the profit increasing by 74.01% YoY.

Sujan ContiTech eyes top position in NVH products by 2028

Shanthi Gears Q4 Results: Company reports PAT at Rs 25.68 cr vs Rs 19.47 crore a year ago

Rane Madras Q4 standalone net loss narrows

TVS Holdings Q4 consolidated net rises 43% to ₹464 crore

Kirloskar Oil Engines reports highest-ever quarterly, annual top line on robust market demand
Pune: In the fourth quarter of FY24, Kirloskar Oil Engines Limited (KOEL) reported a 21 per cent year-on-year increase in net sales, reaching ₹1,378 crore as compared with ₹1,141 crore in the same period last year. The company’s EBITDA saw a significant growth of 38 per cent standing at ₹178 crore, while the EBITDA margin improved to 12.8 per cent from 11.2 per cent in Q4 FY23. Net profit for the quarter stood at ₹118 crore, reflecting a 26 per cent gain year-on-year.

Greaves Cotton FY24 EBITDA up 53% Y-o-Y to INR 232 cr
New Delhi: Greaves Cotton Limited, a leading diversified engineering company, has reported standalone revenues of INR 481 crore for the fourth quarter of fiscal year 2024, an increase of 10% Y-o-Y. The Company has reported an improvement in standalone margins with quarterly EBITDA at INR 56 crore, a growth of 9% Y-o-Y. The Q4FY24 consolidated revenue stood at INR 673 crore.

Bharat Forge Q4 profit rises 77% at ₹227.12 crore
New Delhi: Auto components major Bharat Forge Ltd on Wednesday reported a 77.8 per cent rise in consolidated net profit at ₹227.12 crore in the fourth quarter ended March 31, 2024, riding on higher sales.

Nagesh Basavanhalli to step down as vice-chairman, Greaves Cotton
 

Rane Engine Valve Q4 standalone net profit narrows 2.5%

Kolhapur has potential to be auto component mfg hub: Gadkari
Union road transport minister Nitin Gadkari on Saturday said Kolhapur had the potential to become a hub for manufacturing automobile components and that govt was looking to turn the ethanol industry into a INR 2-lakh-crore sector.

Rane Brake Lining Q4 profit after tax rises 28%
 

Raymond's board approves demerger of engineering biz for its foray into aerospace, defence, EV
The boards of various businesses of Raymond have given their nod for demerger of their engineering business to enable the company's and newly acquired Maini Precision Product's foray into certain sunrise sectors, the company said in a stock exchange filing on Friday.

CIE Automotive India Q1 Results Live : profit falls by 17.43% YOY
CIE Automotive India Q1 Results Live : CIE Automotive India announced their Q1 results on 02 May, 2024, with a decrease of 0.55% in revenue and a 17.43% decline in profit compared to the same period last year.

Rane Brake Lining stock gains 20% on Q4 results
Bengaluru: Shares of Rane Brake Lining Ltd hit the upper circuit on NSE and BSE after the company reported a 28 per cent rise in its profit after tax for the January-March 2024 quarter at ₹15.4 crore. The company recorded ₹12 crore PAT during the corresponding quarter of last year. For FY24, the board has recommended a dividend of ₹30 per equity share on 77,29,871 equity shares of ₹10 each fully paid up, subject to approval of members at the ensuing 19th AGM of the company to be held on July 22, 2024. The dividend, if declared, will be paid on July 31, 2024/

Rane Brake Lining Q4 Results: PAT jumps 28% YoY to Rs 15.4 crore

LTTS wins USD 48 mn deal with European auto parts supplier Forvia
India’s mid-sized IT services player L&T Technology Services (LTTS) has signed an approximately €45 million (around USD 48 million at current exchange rate) contract with European automotive parts manufacturer and supplier Forvia for engineering development activities for its clean mobility division.

Sona Comstar to spend INR 1,200 crore to productionise EV orders

Sona Blw Precision Forgings Q4 Results Live : profit rise by 24.09% YOY
Sona Blw Precision Forgings Q4 Results Live : Sona Blw Precision Forgings declared their Q4 results on 30 Apr, 2024. The topline increased by 19.06% & the profit increased by 24.09% YoY. As compared to the previous quarter the revenue grew by 13.09% and the profit increased by 12.03%.

Sona Comstar creates mergers & acquisition committee; appoints Praveen C. Rao as new Group CTO
New Delhi: Sona Comstar, a leading auto component manufacturer, has decided to set up a mergers & acquisition(M&A) committee.

Sona Comstar to spend Rs 1,200 crore to productionise EV orders

Sona Comstar FY24 PAT up 31% to INR 517 cr; Q4 net at INR 149 cr
Sona BLW Precision Forgings Ltd. (Sona Comstar), a leading automotive technology company providing mission-critical systems and components for electrified and non-electrified powertrain segments, on Tuesday reported that its revenue for FY24 posted 19% YoY growth at INR 3,185 crore. Revenue share from Battery Electric Vehicles (BEV) was at 29%, and BEV revenue increased 32% YoY.

Tata Motors opens new CV parts warehouse in Guwahati
Equipped with world-class infrastructure and safety measures, the facility will unlock greater customer value proposition through digitalised warehouse processes. Tata Motors has partnered with Delhivery, India's largest fully integrated logistics services provider, to leverage its technology-enabled warehousing and transportation solutions. The facility also boasts cutting-edge storage systems catering to diverse needs, including gravity spiral and vertical reciprocating conveyors. Additionally, a designated area for handling medium and heavy vehicle body parts has been integrated to ensure seamless operations.

Pavna readying new plant in Hosur for TVS Motor, Ola Electric
Right now, Pavna Industries supplies these parts from its decades-old Aligarh plant in Uttar Pradesh. With an expansion of its two-wheeler clientele beyond Bajaj Auto, to whom it has been supplying for many years now, the company believes Hosur will have a critical role to play in the future.

ASK Automotive, AISIN Group enter into JV for passenger car segment

Capex for EV components to exceed INR 25,000 cr in 3-4 years: ICRA
EV penetration reached 4.7% in FY2024, with much of it driven by the electric two-wheeler (E2W) segment, although e-three-wheelers (E3Ws) and electric buses have also contributed to the same.

BofA among anchor investors in Emmforce Autotech IPO. All you need to know about Rs 54 cr offer

Sona Comstar opens plant in Mexico to meet N. American demand for BEV parts
New Delhi: Sona BLW Precision Forgings Ltd. (Sona Comstar), one of the leading global providers of automotive technology solutions, has inaugurated a new manufacturing plant in the Fipasi Industrial Park, Silao, Mexico. This move is to meet the growing demand for high-quality driveline solutions for Battery Electric Vehicles (BEVs) in North America, the company said.

Pavna Industries inks deal with Ola Electric to supply ignition switches, latches for EVs
New Delhi: Pavna Industries Limited, a leading automotive parts manufacturer has inked an agreement with Ola Electric to supply ignition switches and latches, consolidating its foray into the electric two-wheeler segment.
 

Kinetic Engg targets INR 250-cr revenue this fiscal; in process of raising INR 50 cr for EV arm
E-Luna for which Kinetic Engineering has supplied the components, was re-launched in February 2024 has received a good response due to its load carrying capacity from fleet operators and people living in rural areas. “We've got some very good responses from delivery suppliers such as Zomato, Amazon and other fleet operators,” Firodia told ETAuto.