ECONOMY India-Russia Trade: Goyal Sets $100 Bn Target By 2030, Pushes Business

India and Russia need to accelerate the diversification of their economic relationship beyond energy if bilateral trade is to rise from around $60 billion currently to $100 billion by 2030, Union Commerce and Industry Minister Piyush Goyal said on Thursday. Addressing the INNOPROM India 2026 Co-Chair Plenary Session in New Delhi alongside Russian Minister of […]

CW Bureau · Sep 11, 2026

BANKING & FINANCE Wheels India Revises Preferential Issue Price To ₹1,461 Per Share

Wheels India Ltd, a leading manufacturer of wheels and automotive components, has revised the issue price of its proposed preferential share issue to the promoter group to ₹1,461 a share from ₹1,418 per shre, while reducing the total number of shares to 12.32 lakh. The revision follows observations raised by the National Stock Exchange of […]

CW Bureau · Aug 31, 2026

MANUFACTURING UCAL Targets Tech-Led Growth As Mobility Landscape Evolves

UCAL Ltd is focusing on product diversification, advanced manufacturing, electronics and technology-led engineering solutions to strengthen its position across the global automotive, industrial and manufacturing sectors. The company is leveraging its four decades of engineering expertise, manufacturing capabilities and customer relationships to expand into a technology-driven engineering solutions business. New products drive growth “The future […]

CW Bureau · Aug 31, 2026

AUTO Ola Electric Secures ₹96 Cr Production Linked Incentive For FY27

Leading electric vehicle manufacturer Ola Electric has received a sanction order from the Ministry of Heavy Industries for the release of ₹95.81 crore in incentives under the Production Linked Incentive Scheme for Automobile and Auto Components (PLI-Auto Scheme). The sanction pertains to the demand incentive under the PLI-Auto Scheme for FY27 and authorises the payment […]

CW Bureau · Aug 29, 2026

MANUFACTURING Rane (Madras) Buys Hindustan Composites’ Friction Unit For ₹370 Cr

Rane (Madras) Ltd has completed the acquisition of the Friction Business of Hindustan Composites Ltd for ₹370 crore on a cash-free, debt-free basis, strengthening its position in the friction business and expanding its product and market reach. The acquisition was completed after fulfilment of customary regulatory approvals and other closing conditions under the Business Transfer […]

CW Bureau · Aug 20, 2026

MANUFACTURING Kalyani Forge Q1 PAT Surges Over 3x To ₹4.48 Cr; Total Income Rises 4%

Kalyani Forge Ltd reported a 218% year-on-year surge in profit after tax (PAT) to ₹4.48 crore in Q1FY27, compared with ₹1.41 crore in the corresponding quarter last year, as tighter cost controls and improved operational efficiency strengthened profitability. Total income rose 3.9% year-on-year to ₹67.07 crore in the quarter ended June 30, 2026, from ₹64.53 […]

CW Bureau · Aug 12, 2026

AUTO Uno Minda Q1 Net Profit Rises 1.7%, Revenue Jumps 23.8% To ₹5,557 Cr

Auto components major Uno Minda Ltd reported a 1.7% year-on-year (YoY) rise in consolidated net profit to ₹296 crore for the first quarter of FY27, while revenue surged 23.8% to a record ₹5,557 crore, driven by broad-based growth across its core product portfolio and new-age mobility businesses. The company had posted a consolidated net profit […]

CW Bureau · Aug 4, 2026

MANUFACTURING Pricol Q1 PAT Jumps 34% To ₹67 Cr On Strong Revenue Growth Of 23%

Auto components manufacturer Pricol Ltd reported a 34.34% year-on-year increase in consolidated profit after tax (PAT) to ₹67.02 crore for the first quarter of FY27, driven by healthy revenue growth, even as higher input costs and currency headwinds weighed on profitability. The company’s revenue from operations rose 23.46% to ₹1,083.58 crore during the June quarter, […]

CW Bureau · Jul 30, 2026

AUTO Minda Corporation Bets On Exports, Premiumisation To Boost Expansion

Auto components major Minda Corporation Ltd, a flagship company of  Spark Minda Group, has outlined an ambitious Vision 2030 strategy centred on exports, product premiumisation, technology leadership and new growth segments as it seeks to strengthen its position as a global mobility systems supplier. In his message to shareholders in the company’s Annual Report 2026, […]

CW Bureau · Jul 29, 2026

AUTO Wheels India Q1 Net Profit Rises 42% To ₹37 Cr, Revenue Hits ₹1,386 Cr

Auto components manufacturer Wheels India Ltd reported a strong performance for the first quarter of FY2026-27, with net profit rising 42% year-on-year on the back of healthy growth in domestic demand and exports, despite facing inflationary pressures on raw material costs. The Chennai-based company posted a net profit of ₹37 crore for the quarter ended […]

CW Bureau · Jul 28, 2026

AUTO Sundaram-Clayton Q1 Revenue Up 19%, Profit Flat On High Input Costs

Auto components manufacturer Sundaram-Clayton Ltd (SCL) reported a marginal increase in standalone net profit for the first quarter of FY2026-27, as higher raw material, energy and logistics costs offset the benefits of robust revenue growth. The Chennai-based manufacturer of engineered aluminium die-cast components for the automotive sector posted a standalone net profit of ₹17.04 crore […]

CW Bureau · Jul 28, 2026

AUTO India Motor Parts Sees Aftermarket Growth On Rising Vehicle Population

The Indian automobile industry continues to be a key pillar of the nation’s economy, contributing around 6% to India’s GDP, while the auto component industry accounts for about 2.3% of GDP. The Indian automotive aftermarket is expected to witness sustained growth, driven by expanding service networks and increasing preference for genuine and reliable spare parts. […]

CW Bureau · Jul 22, 2026