Page 8- Industry Movement News

Amid escalating West Asian tensions and disruptions via the Strait of Hormuz, India sharply increased its Russian crude purchases in March 2026, bringing Russian barrels to their highest daily level in over nine months.

AUMOVIO India has achieved a significant manufacturing milestone with the production of 10 million Airbag Control Units (ACUs) at its Bengaluru facility.

Mahindra Group has appointed Rajeev Goyal as the new CEO of its Agri and New Energy businesses. With his leadership, Mahindra aims to accelerate growth in sustainable farming solutions and renewable energy initiatives.

Mahindra Finance has announced the appointment of Baneswar Banerjee as Head of Auto Loans. With years of experience in financial services.

Bosch Ltd will acquire full ownership of Bosch Chassis Systems India for up to ₹9,068.68 crore, consolidating its automotive components business. The deal includes cash and non-cash elements, and supports Bosch’s strategy in India’s mobility sector.

SMR Hyosang Automotive has reached a settlement of KRW 360 million with a South Korean subcontractor, ending a months-long dispute that had raised concerns about contract practices and supplier payments.

Oil prices tumbled following the US–Iran ceasefire deal, calming global energy markets and easing import cost pressure on India.

Gujarat is developing the Mandal–Becharaji Special Investment Region as a major hub for electric vehicle manufacturing. The region offers integrated infrastructure, policy support, and incentives, strengthening Gujarat’s position in India’s EV sector.

Sona Comstar, one of India’s leading automotive technology suppliers, has reached a major production milestone, manufacturing over 500 million differential gears and 10 million differential assemblies.

JBM Group strengthens its leadership in e-mobility with the appointment of a new Head of R&D, aiming to drive forward innovation in electric vehicles and sustainable transport solutions across India.

Enviro Infra Engineers has diversified its portfolio by entering the battery energy storage systems market, aiming to boost energy efficiency and sustainability infrastructure across India.

Sterling Tools plans to achieve a 50:50 revenue split between traditional fasteners and advanced mobility solutions by 2030. The company is investing ₹70 crore in EV technologies and expanding partnerships for key EV components.

NCRTC has launched the largest fast EV charging station on the Delhi-Meerut corridor, featuring 10 high-voltage units and app-based access. The facility supports both private and commercial EVs and expands charging services to eight corridor stations.

Tata Group’s global battery arm Agratas has completed the main structural works of its upcoming 20 GWh lithium‑ion cell manufacturing facility in Sanand, Gujarat.

India has approved Lohum's project to manufacture rare earth permanent magnets, reducing import reliance. The move is part of a government scheme supporting 75 projects, with investments totaling ₹61,671 crore and 65,040 jobs expected.