Auto Ancillary
60 recent notes from companies in this sector. 20 companies tracked.
ZF CVCS India lands ESC nominations from three OEMs
Q1 revenue up 9.3% to ₹1,066 cr, but PAT slips 14.7% on forex base. Margin under pressure at 12.5% as commodity costs bite.
ZF CVCS India lands ESC nominations for trucks ahead of 2027 mandate
Three major Indian CV OEMs pick ZF's ESCsmart for multi-year truck programs starting Q3 2027, locking in revenue before India mandates ESC for trucks from October 2027.
Sal Automotive finance controller resigns, cites external opportunity
Kulvinder Singh steps down as Finance Controller and KMP, effective September 30, 2026. The nano-cap company says no other material reasons for the departure.
Wheels India Q1 profit jumps 40% to ₹37 cr, exports drive growth
Net profit rises to ₹37 crore on 17% revenue growth; exports up 17.3% as construction equipment wheel demand lifts. Chairman warns of inflationary pressure but expects momentum to continue.
Sundaram-Clayton revenue jumps 19% but margin drops to 12.7%
Top line grows to ₹524.2 crore in Q1 FY27, but EBITDA margin shrinks from 16% a year earlier as input costs bite.
Sundaram-Clayton revenue up 19%, margins squeezed, US losses mount
Revenue rose 19% to ₹524 crore, but EBITDA margin fell to 12.7% and the US subsidiary pushed consolidated net loss to ₹59 crore. New CEO R. Venkatesh faces cost headwinds.
Sundaram-Clayton posts ₹59 cr consolidated loss on US arm
Standalone revenue up **19%** but profit flat. Consolidated loss of **₹59.3 cr** from US subsidiary. New CEO takes charge.
Remsons partially restarts production after Gujarat flood
Water recedes, power returns at two of three plants shut since 23 July. One plant remains dark due to power cut.
Remsons Industries gets new CEO as Amit Srivastava exits
Amit Srivastava resigns after 90-day notice; board appoints Rahul Desai, an auto industry veteran with over 30 years of experience, effective 3 August.
Kross hits record Q1 revenue, but production targets slip
Revenue rose 32% to ₹185 crore, but tipping jack output reached only ~200 kits against a 300-unit target. Rear axle shaft supply milestone moderated. Management guides 40-45% export growth for FY27.
Gabriel India names Mahendra Goyal group CEO, splits MD roles
Gabriel India created a group CEO position for Mahendra Goyal, while incumbent Atul Jaggi takes charge of ride control. Shareholder vote needed at AGM.
Steel Strips Wheels' Q1 transcript is a backward-looking record
The call happened July 16. The transcript, filed now, confirms what was already known: 27% revenue growth, ₹314 EBITDA per wheel, and the Bhuj expansion plans.
TVS Holdings standalone Q1 net profit falls 27% to ₹9.45 cr
Lower dividend income and higher finance costs hit standalone earnings; consolidated profit driven by automotive segment.
Gabriel India board to weigh equity raise on July 21
The auto ancillary firm will also approve Q1 results. No quantum, pricing, or use-of-proceeds disclosed yet, but the move could dilute existing shareholders.
Sansera pays $2M to settle Metaldyne suit, insurance covers most
The lawsuit was disclosed in the 2021 IPO prospectus. The settlement is confidential, no admission of liability, and due by July 30.
GNA Axles' Q1 profit jumps 66% on revenue surge of 37%
Net profit rose 66.5% to ₹38.3 crore on revenue of ₹470.4 crore, driven by strong demand in auto components.
Steel Strips Wheels sees steel wheel revival, lifts capex to ₹650 cr, delays knuckle
Revenue up 27%, EBITDA per wheel hits ₹314. Management guides 20% full-year growth but holds off on guidance upgrade until Q2. The real surprise: steel wheels after 15 years of decline.
TVS Holdings buys education NBFC Varthana for ₹967 cr
All-cash deal adds secured, longer-tenure lending to the group's financial services platform. Varthana reported ₹398 cr revenue and ₹18.65 cr profit in FY26.
Steel Strips Wheels Q1 profit jumps 43% to ₹71.5 cr
Revenue climbs 27% to ₹1,509.82 cr, putting the FY27 EBITDA target of ₹650 cr within reach. A strong start to the year, though the market expected a solid quarter.
Steel Strips Wheels Q1 profit jumps 43% to ₹71.5 cr
Revenue rose 27% to ₹1,510 cr in the first quarter of FY27, a strong start after the company set a ₹650 cr EBITDA target for the year.
Carraro India gets credit upgrade, but guidance cut tempers significance
India Ratings revised outlook to Positive and upgraded short-term rating to IND A1+, the highest tier, after strong growth and a maiden dividend. But Carraro recently cut FY27 guidance and faces margin pressure.
JBM Auto's e-bus arm signs MoU for 500 luxury coaches with Drivn
The non-binding pact targets intercity operators with leasing and charging support, but no financial terms are disclosed.
Sudhir R declines CFO role, Shanthi Gears appoints interim from parent
The chosen candidate for CFO backed out before joining. Board swiftly named Sukanta Kumar Panigrahi from parent Tube Investments as interim CFO until a permanent replacement is found.
Wheels India plans ₹400 cr equity raise, diluting holders by 11.4%
Board approves fundraise via equity-linked instruments; shareholder nod via postal ballot. The ₹400 cr is 11.4% of market cap, a material dilution for existing holders.
NDR Auto opens new plant in Andhra Pradesh to supply KIA Motors
Investment of ₹27.29 cr in Penukonda plant with annual capacity of 50,000 frame sets and 28,000 seat covers targets KIA supply chain through Hyundai Transys.
JBM EV launches Galaxy luxury coach, no new orders attached
The new electric coach with 22 reclining seats and sleeper berths was unveiled at Prawaas 5.0. But the press release offers no order win or financial guidance, making it a marketing event rather than a material development.
Rane (Madras) gets CRISIL rating upgrade to AA-
CRISIL lifts long-term bank loan rating to 'CRISIL AA-/Stable' from 'A+/Stable', covering ₹1,085 cr facilities across eight banks.
TVS Holdings promoter pledges 2.08% more equity for ₹250 cr loan
VS Trust creates encumbrance in favour of Aditya Birla Capital. Total promoter pledges now at 12.96% of equity, well covered but incremental overhang for minority.
Fiem independent director Rakesh Chand Jain passes away
A personal loss for the board, but no impact on operations or strategy for the zero-debt auto ancillary with ₹5,867 cr market cap.
Uno Minda locks in anchor order for ₹320 cr seating plant
Joint venture with Japan's Tachi-S secures first customer for greenfield four-wheeler seating facility; production to begin in Q4FY28.
Uno Minda approves ₹320 cr seating plant, SOP in FY28
Greenfield facility under Tachi-S JV adds 240,000 units/year capacity but won't move the needle for a ₹65,736 cr market cap company near-term.
Raymond hires ex-BEL chief to lead defence push
Former BEL CMD Bhanu Prakash Srivastava, who tripled BEL's market cap and won ₹55,000 crore in orders, will lead Raymond's defence business. The move signals long-term ambition but lacks immediate financial targets.
Talbros Engineering buys ₹25 cr property in Pithampur for expansion
The 40,000 sq ft industrial property costs roughly 7% of its market cap, signalling a tangible step to scale operations.
TVS Holdings puts ₹176 cr more into Home Credit India; stake stays at 80%
The NBFC arm is profitable again, but the ₹176 cr infusion is just 0.63% of TVS Holdings' market cap and smaller than an earlier ₹526.79 cr injection.
Shivam Autotech approves ₹120 cr rights issue to shore up balance sheet
The board's approval of a ₹120 crore rights issue, equivalent to more than half the company's market cap, is a critical step to address negative net worth and going-concern risks.
Hindustan Composites sells 84% of revenue in ₹370 cr slump sale to Rane Group
The company is selling its core friction business for ₹370 crore, which generated 84% of FY26 turnover. Rane (Madras) will acquire; proceeds partly to fund a special dividend.
Rane Madras buys Hindustan Composites' friction unit for ₹370 cr
The acquisition creates India's largest friction materials platform with combined revenue over ₹1,000 cr, spanning passenger vehicles, two-wheelers, railways, and aftermarket.
ZF Steering signs tech pact with Chinese firm for EHPAS
Micro-cap auto ancillary enters preliminary framework with Hubei Tri-Ring to develop electric hydraulic power steering in India. No financial terms disclosed; non-binding.
Shivam Autotech to mull rights issue as losses mount
The board will meet July 1 to consider a rights issue or other fundraise. The company has negative net worth and recently raised ₹120 cr via debentures.
Endurance sells tiny Italian software arm for up to €7.5M
Veicoli Srl contributed just 0.22% of consolidated revenue; deal maxes out at about ₹70 crore. A strategic tidy-up, not a needle-mover.
Precision Camshafts transcript confirms ₹1,500 cr order book, EV platform live
Q4 earnings call transcript adds no new information beyond the live event; capex of ₹100-120 cr and Solapur plant commissioning were already disclosed.
Ebix (ex-Eraaya) gets ED attachment order over FPI investments
Provisional attachment under PMLA, but company says neither it nor promoters are accused of any predicate offence. Operations continue normally.
IP Rings buys JV's ₹39 cr exhaust biz for Re. 1
IP Rings acquires the manufacturing division of its joint venture via slump sale at a nominal price, adding roughly a quarter of its market cap in annual revenue.
Precision Camshafts locks in ₹1,500 cr order book, but faces 50% aluminum cost spike
Q4 concall reveals EV heavy-commercial vehicle MOU worth ₹60-70 cr annualised; ₹100-120 cr capex planned. Management expects margin normalization in 2-3 quarters.
Divgi TTS bags 5-year AWD order from Indian OEM, production from FY28
Divgi TTS wins 5-year AWD order from Indian OEM for SUV components, production from Q1 FY28. No value disclosed. Approximately 6,000 units/year.
Autofurnish's FY26 revenue grows 14% but profit stays flat after listing
The auto accessories maker reported standalone revenue of ₹36.86 crore, yet net profit was virtually unchanged at ₹3.21 crore. The company listed on BSE SME in late May.
Carraro India's supply chain chief resigns as input costs pinch
Vijay Raman steps down effective June 19 after submitting resignation on April 22, a 59-day gap in disclosure. Departure follows a recent guidance downgrade.
Saint-Gobain Sekurit gets a new CFO in a smooth handover
CFO Senthil Nathan resigns for family reasons; Vidya Shankar, a 16-year group veteran, steps in three days later. No other material reasons cited.
JBM Auto's e-bus arm lands ₹750 cr investment from Motilal Oswal
Growth capital to deploy 2,000 e-buses, taking fleet to 5,000 units within a year. Largest EV investment by an Indian investor.
RACL Geartech transcript adds timelines to known wins
The June 12 call confirmed ₹512 cr revenue and laid out production dates for Royal Enfield, Kawasaki, and BMW EV projects. Nothing new on numbers.
Steel Strips Wheels pays ₹1.7 cr Customs notice before it's even issued
The show-cause notice for duty drawback and RoDTEP violations is for a negligible 0.05% of market cap. Company says no financial liability remains.
Sandhar's auto COO steps down; internal successor named
Vikas Puri moves aside as COO of the automotive business but stays on as key managerial personnel. Som Prakash Kamboj, an internal veteran, takes the role on an interim basis, a clean handover for a ₹4,286 cr auto ancillaries maker.
Auto Pins CFO quits after just three months on the job
Pradeep Singh Chauhan resigned effective immediately on June 13, barely 90 days after his appointment. The nano-cap auto ancillary company now has no CFO, raising governance and financial oversight risks.
Kranti gets ECLGS loan from HDFC, amount undisclosed
The working capital loan under the government-backed scheme lacks a disclosed quantum, making its materiality unclear for the ₹75-crore nano-cap.
RACL Geartech guides ₹565 cr FY27 revenue, new project timelines in focus
Management sees 10% revenue growth to ₹565 cr, led by new orders from Royal Enfield, Kawasaki, and BMW. Q4 revenue jumped 48%; net profit surged. Exports at 75% of sales.
RACL Geartech lands global OEM contracts, enters new segments
Four new nominations from Royal Enfield, Kawasaki, ZF, and BRP Canada expand revenue visibility and product lines for the ₹1,475 cr auto ancillary firm.
PPAP Automotive partners with Hutchinson for body-sealing tech
The nano-cap auto-parts maker will use Hutchinson's licensed know-how to make advanced sealing systems for Indian passenger vehicles.
Tenneco's full-year margin hits 18.8% record as DaVinci suspension attracts new OEMs
EBITDA margin reached 18.8% of value-added revenue, up from 14.3% two years ago. DaVinci suspension and a new bearings business are driving the product mix shift.
Him Teknoforge posts 29% profit growth. The news is it's not news.
The nano-cap auto-parts maker's press release reiterates already-disclosed FY26 results. Revenue rose 8% to ₹435.2 crore.
Fiem is breaking into cars. It just gave its first numbers.
Record FY26 results are old news. The new story is a ₹100-150 crore four-wheeler revenue target for FY27, backed by Mahindra & Mahindra orders and a management reshuffle.