Sector / Industry News › Sub-category
Auto & Ancillaries
25 articles
India’s manufacturing sector is experiencing robust growth, fueled by government initiatives and rising domestic and export demand. Several auto component manufacturers reported strong Q1 FY27 results, including Lumax Auto, Fiem Industries, and Indag Rubber, driven by increased sales and expanding order books. This momentum is further bolstered by the burgeoning electric vehicle ecosystem, with sales surging 46x since 2016 and substantial investments in charging infrastructure and domestic manufacturing. Companies like Mahindra are launching new EV models, while others are expanding into battery materials, signaling a significant shift toward electrification and positioning India as a key player in the global automotive landscape.
Exicom First India Manufacturer Liquid-Cooled EV Charger Modules
Exicom announces start of manufacturing for advanced liquid-cooled AC and DC power modules at its Hyderabad facility.
Initial production will primarily serve North America and Europe, supporting Triti
Lumax Auto Q1 FY27 Revenue Up 33% YoY
Lumax Auto reported Q1 FY27 revenue of ₹1,364 crore, up 33% YoY, with EBITDA of ₹205 crore and PAT of ₹99 crore, up 83%.
The company maintains a robust order book of ₹1,600 crore, with 24% to be execu
Lumax Industries Q1 FY27 Revenue Up 32.6%
Lumax Industries reported Q1 FY27 consolidated revenue of ₹1,223 crore, a 32.6% YoY growth, with EBITDA at ₹113 crore and margins of 9.2%.
The company disclosed a robust order book of ₹2,500 crore, wi
Fiem Industries Q1FY27 Revenue Up 18.6%
Fiem Industries reported Q1FY27 sales growth of 18.6% to ₹769.9 crore with stable EBITDA margin of 13.5%.
Management provided full-year revenue guidance of 15-20% growth and an EBITDA margin target of
Infosys and Knorr-Bremse AI Transformation Partnership
Infosys announces long-term collaboration with Knorr-Bremse AG to deliver end-to-end managed services for their Tech4Value IT transformation program.
The partnership will modernize Knorr-Bremse's enti
India Manufacturing Sector Achieves Robust Growth Across Key Industries
India's manufacturing GVA grew at a 10.88% CAGR from 2022-23 to 2025-26, contributing 16-17% to GDP and employing over 27 million workers.
Defence production reached ₹1.78 lakh crore in FY25-26 with e
India's Electric Vehicle Ecosystem Growth and Policy Support
India's EV sales grew 46x since 2016 to 2.3 million units in 2025, with exports surging from $1.2M to $84M between 2020-2024.
Government schemes including PM E-DRIVE (₹10,900 crore), PLI-Auto (₹2,377
India Manufacturing Sector Shows Robust 10.88% CAGR Growth
India's manufacturing sector contributes 16-17% to GDP with 10.88% CAGR growth from 2022-23 to 2025-26, employing over 27 million workers.
Defence production reached ₹1.78 lakh crore in FY25-26 with e
India's Electric Vehicle Sales Surge 46x Since 2016
Government backgrounder details India's EV ecosystem growth with sales increasing 46 times from 50,000 units in 2016 to 2.3 million in 2025.
Multiple policy schemes drive adoption including PM E-DRIVE
Indag Rubber Q1 FY27 PAT Triples to ₹5.07 Crores
Indag Rubber Q1 FY27 standalone PAT surged 176% YoY to ₹5.07 crores on 26% revenue growth to ₹60.45 crores.
EBITDA margin expanded 533 bps YoY to 13.6%, driven by product mix and pricing management am
Indag Rubber Q1 PAT Surges 176% to ₹5.07 Cr
Indag Rubber reported unaudited Q1 FY27 standalone revenue of ₹60.45 Cr, up 26% YoY.
EBITDA grew 108% YoY to ₹8.20 Cr with margin expansion of 533 bps to 13.6%.
Profit After Tax nearly tripled to ₹5.0
SEDEMAC FY26 Revenue Surges 61%, Completes IPO
SEDEMAC reported robust FY26 performance with revenue up 61% to INR 1,058 crore and PAT more than doubling to INR 104 crore.
The company successfully completed its IPO of 8.04 million shares at ₹1,352
TCPL Packaging Q1 FY27 Net Profit Up 79% YoY
TCPL Packaging reported record Q1 FY27 results with a 79% YoY PAT growth to ₹40 crore and 17% EBITDA growth to ₹88 crore.
The company announced a ₹50-60 crore expansion of its Flexible Packaging capac
Mahindra BE 6 SPORTEQ Electric SUV Launch
Mahindra Electric Automobile Limited launches BE 6 SPORTEQ electric SUV series starting at ₹11.45 Lakh with Battery as a Service option.
New series features six TEQ Suites powered by MAIA AI architect
Ravindra Energy Renewable & EV Business Update Q1 FY27
Ravindra Energy operates 261.2 MWp renewable capacity with 877.8 lakh KWh generation in Q1 FY27, up significantly YoY.
Electric vehicle subsidiary EIM reported Q1 revenue of ₹427.9 million with PAT lo
Kingfa Q1 Revenue Jumps 49% YoY to ₹689 Crore
Kingfa Science & Technology reported Q1 FY27 revenue of ₹6,886 crore, a 49.1% YoY increase driven by strong domestic and export sales.
Net profit after tax surged 59.2% YoY to ₹80.2 crore, with EPS at
Finance Minister Interacts with PM Internship Scheme Participants
Finance Minister Nirmala Sitharaman interacted with 86 PM Internship Scheme participants from 24 companies to discuss their experiences.
The scheme bridges classroom-industry gap by providing practica
Mahindra Scorpio Lifestyler Launch Below ₹19.79L
Mahindra & Mahindra unveiled the Scorpio Lifestyler pickup truck, set for India launch by April 2027 with starting price below ₹19.79 lakh ex-showroom.
The vehicle targets global midsize pickup segmen
SKF India AGM Presentation: Demerger, EV Focus, FY26 Results
SKF India completed its demerger on 1st October 2025, creating two separate entities: SKF India Limited for automotive and SKF India (Industrial) Limited.
The company reported FY26 revenue of ₹21,295
Belrise Industries Q1 FY27 Revenue Up 12.6%
Belrise Industries reported Q1 FY27 revenue growth of 12.6% YoY to ₹25,465 million, with PAT increasing 8.9% to ₹1,217 million.
The company announced strategic acquisitions including Hyva India's tipp
TVS Motor Company Launches TVS Orbiter EV in Sri Lanka
TVS Motor Company launched its TVS Orbiter electric scooter in Sri Lanka, expanding its global EV portfolio.
The scooter features a 158 km IDC range, 3.1 kWh battery, 14-inch front wheel, and advanced
Rajya Sabha Committee Recommends India-US Trade Agreement
Rajya Sabha Commerce Committee presents 200th report evaluating India-US trade relations and recommending bilateral trade agreement.
Report identifies key challenges from US tariff measures affecting
MHI Reports 67,657 EV Chargers Installed Nationwide
FAME-II scheme supported sale of 16.72 lakh EVs and deployment of 5,299 e-buses with ₹11,500 crore outlay.
PM E-DRIVE scheme incentivizes 28.30 lakh EVs with ₹10,900 crore budget, including 14,000 all
Madhya Pradesh Subsidizes 88,209 EVs Under PM E-DRIVE
Government reports 88,209 electric vehicles subsidized in Madhya Pradesh during FY 2025-26 under the PM E-DRIVE scheme.
No electric buses were allocated to Madhya Pradesh under the scheme, and central
FADA July'26 Auto Retail Hits Record 25.89% Growth
FADA reports historic July'26 auto retail with 25.89% YoY growth to 25.91 lakh units, marking the first month all six vehicle categories achieved their best-ever July sales.
Alternative fuel share in