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Schaeffler India Sees 24.1% Q3 Profit Surge Amidst Surge in Auto Component Demand, ETAuto Automobile Gyan

Schaeffler India Sees 24.1% Q3 Profit Surge Amidst Surge in Auto Component Demand, ETAuto Automobile Gyan

Production of passenger vehicles grew 4.2per cent YoY in the third quarter in India according to industry data favouring growth for auto ancillaries like Schaeffler India, analysts noted. Automotive and industrial parts maker Schaeffler India reported a 24.1per cent rise in third-quarter profit on Friday, driven by demand for ancillary auto products like transmission, braking...
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BorgWarner Surpasses Q3 Profit Estimates Amid Strong Turbocharger and Powertrain Demand, ETAuto Automobile Gyan

BorgWarner Surpasses Q3 Profit Estimates Amid Strong Turbocharger and Powertrain Demand, ETAuto Automobile Gyan

Auto parts supplier BorgWarner exceeded third-quarter profit expectations, driven by robust demand for its turbochargers and powertrains. Auto parts supplier BorgWarner topped analysts’ expectations for third-quarter profit on Thursday, aided by strong demand for its turbochargers and powertrains. Shares of the company, which counts Ford and Volkswagen as customers, were up about 2.5 per cent...
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