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Indian Auto Component Sector nearly doubles in 5 years, hits ₹6.73 lakh crore turnover in FY25

The Automotive Component Manufacturers Association of India (ACMA) – the apex body representing India’s auto component manufacturing industry – has released the findings of its Industry Performance Review for FY2024–25. According to the report, the Indian auto component industry recorded a turnover of ₹6.73 lakh crore (USD 80.2 billion), reflecting a year-on-year growth of 9.6%. […]

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Parker to acquire Curtis Instruments, expanding electrification offering

Parker Hannifin Corporation, the global leader in motion and control technologies, announced that it has agreed to acquire Curtis Instruments, Inc. from Rehlko for approximately $1 billion in cash. The transaction is subject to customary closing conditions, including regulatory approvals, and is expected to close by the end of 2025. Curtis Instruments designs and manufactures […]

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Gabriel India announces major consolidation to drive diversified growth

The Board of Directors of Gabriel India Limited has approved a composite scheme of arrangement involving Gabriel India Limited, Asia Investments Private Limited (AIPL), and Anchemco India Private Limited (formerly known as Andasia Private Limited). Under this Scheme, the automotive business undertaking of AIPL — comprising Anchemco’s business (manufacturing brake fluids, radiator coolants, diesel exhaust […]

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Mahesh Babu to leave Switch Mobility, Ganesh Mani to take additional charge as CEO of Switch India

S Mahesh Babu, CEO Switch Automotive Mobility Ltd, has decided to step down from his position to pursue opportunities outside our Group effective 31 August 2025. With effect from September 1, 2025, Ganesh Mani, Chief Operating Officer, Ashok Leyland, will take additional charge as CEO – Switch Automotive Mobility Limited (Switch India). This is in […]

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ElectroRide: Reimagining India’s EV Retail with a Structured, Service-First Approach

As India’s electric vehicle (EV) market expands at a breakneck pace, Rajesh Rajgor set out to understand how one company is bringing structure to the chaos. In a detailed conversation with Rahul Goenka, Director at ElectroRide, he uncovered how the company is reimagining EV retail in India—not through manufacturing, but through smart systems, dealer support, […]

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VinFast partners with myTVS for robust Aftersales Service Network across India

VinFast Auto India, the Indian subsidiary of global electric vehicle maker VinFast, has signed a strategic service collaboration with myTVS, a leading automotive service provider in the country. As part of its commitment to enhancing customer experience, VinFast aims to establish 120 Extended Service Workshops by partnering with potential service providers to boost its aftersales […]

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