Page 7- Industry Movement News

Samvardhana Motherson delivers record-breaking FY26 performance, backed by aggressive global expansion and diversified automotive growth.

LiveWire’s acquisition of Dust Moto marks its entry into the electric dirt bike segment, aiming to develop a new off-road platform and strengthen its EV portfolio.

Maruti Suzuki’s new Smart Factory Lab in Lucknow aims to equip 400 students annually with advanced manufacturing skills and industry exposure.

Mahindra strengthens its leadership team by appointing Purnima Lamba to spearhead global brand transformation and positioning.

The new facility will enhance India’s naval propulsion capabilities while strengthening domestic defense production under the Atmanirbhar Bharat initiative.

Ajax Engineering’s FY26 financials highlight margin pressure from escalating costs, leading to a notable dip in profitability despite stable demand.

Hyundai Motor Group has signed an agreement with multiple partners to develop a hydrogen ecosystem in Hong Kong by 2030, including landfill gas-based hydrogen production, refuelling infrastructure, and deployment of hydrogen-powered commercial vehicles.

Growing EV and hybrid adoption pushes Subros’ thermal systems business to double-digit revenue growth.

Mahindra and DBS Bank India collaborate to offer sustainability-linked financing solutions, encouraging dealers to adopt environmentally responsible operations.

Endurance Technologies posts its highest-ever FY26 performance, fueled by robust growth across Indian and European markets, reflecting strong operational execution and demand recovery.

The strategic merger enhances Lumax’s manufacturing strength and positions it for future growth in India’s evolving auto component industry.

Tata Technologies secures a prestigious regional award for its leadership in engineering R&D and digital innovation across the Asia Pacific market.

TVS Motor strengthens its financial ecosystem with a strategic investment in Jana SFB, aiming to enhance credit access and customer reach.

BorgWarner wins key turbocharger supply contracts from a leading European OEM for 2026–2029, strengthening its position in advanced propulsion technologies.

Uno Minda Limited will invest ₹550 crore to set up a new manufacturing facility in Maharashtra for electric drive units and hybrid transmissions, targeting commissioning in Q2 FY28 to meet rising demand for advanced EV powertrains.