The company’s exposure to the US market is currently about 3 per cent of its total revenue. JK Tyre & Industries Ltd said it is exploring alternative markets to minimise the impact of tariffs imposed by the United States (US), the top executive of the company said on Monday. To mitigate the uncertainty around global...

Sona Comstar puts proposed joint venture with China’s Jinnaite Machinery on hold. Sona BLW Precision Forgings (Sona Comstar), among the leading automotive technology and components manufacturers, on Monday said that the board has decided to put its proposed joint venture with China’s Jinnaite Machinery Co. Ltd. (JNT) in abeyance. Both companies have agreed to suspend...

Genuine Parts incurred $49 million in after-tax expenses or 36 cents per share, tied to restructuring efforts aimed at streamlining operations. Genuine Parts Co on Tuesday cut its full-year profit forecast on higher restructuring costs and weak demand for auto parts. The company, which missed its third-quarter profit estimate, also disclosed a relationship with First...

Its consolidated net profit, however, declined over 17 per cent year-on-year to ₹705 crore in September quarter compared to ₹853 crore in the second quarter of 2024-25. JSW Energy looks to operationalise its battery assembly plant in Pune, Maharashtra, in the third quarter of this financial year, a company official said. In an investor call,...

Out of seven, two E-Nodes will work on tropicalised EV batteries and cell technologies (TV-I), three will lead efforts in power electronics and drives (TV-II), and two will focus on EV charging infrastructure (TV-III). The Centre for System Design (CSD) of NITK, Surathkal, has received funding from Anusandhan National Research Foundation (ANRF), Govt of India,...

Bosch said it was drawing on alternative suppliers and optimising inventories in its global production network in a bid to prevent production stoppages. German auto parts supplier Bosch is preparing to furlough staff at its Salzgitter plant if a trade dispute between China and the Netherlands over Dutch chipmaker Nexperia is not resolved soon, amid...

By comparison, the United States mined 45,000 tons last year with reserves of 1.9 million tons, while Australia produced 13,000 tons and had reserves of 5.7 million tons. The United States is considering possible countermeasures to China’s newly announced export controls on rare earth elements, Treasury Secretary Scott Bessent said in an interview with Fox...

Indian billionaire Mukesh Ambani‘s Reliance Industries is rushing to get its orders of battery components out of China ahead of new export curbs, two people briefed on the matter said, as concerns mount worldwide about how Beijing intends to enforce its widening export control regime. China’s export controls on rare earths have highlighted the risks...

The company is now focusing on expending its presence in North America, and Asia and diversifying its consumer base to lead growth, Favre said French car parts supplier OPmobility reported a 1per cent fall in third-year revenue on Wednesday, impacted by negative currency effects and temporary shutdowns of some clients’ plants in Europe. The group’s...

India is now positioning itself as a key player in the REE value chain. As nations accelerate their transition toward clean energy and advanced technologies, a group of obscure metals, known as rare earth elements (REEs) has quietly emerged as the backbone of modern innovation, driving everything from electric vehicles and wind turbines to satellites...