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Tata AutoComp, Jahwa Electronics forge JV to manufacture heaters for EVs
Tata AutoComp Systems has partnered with Korea's Jahwa Electronics. They will jointly manufacture advanced PTC heaters for electric and hybrid vehicles in India. This venture positions India as a key hub for Jahwa. It aims to supply both low-voltage and high-voltage PTC heaters. This move supports the growing investments in India's EV and hybrid vehicle markets.
HDFC Bank 'strongly' rejects Rs 45 cr payment route wrongdoing
HDFC Bank has strongly denied media reports alleging wrongdoing. The bank stated its internal oversight, audit, and control systems are robust. This clarification follows a report about an internal investigation into Rs 45 crore payments. The payments were reportedly disguised as marketing expenses to a public sector undertaking. HDFC Bank maintains its commitment to transparency and strong governance.
Balu Forge Industries spikes 10% on aerospace order from US Alpha Aircraft
The buying on the counter came after Balu Forge has received its first commercial purchase order for the supply of precision-engineered components to Alpha Aircraft Systems Inc
Balu Forge surges after securing maiden contract from aerospace industry
Balu Forge Industries jumped 7.08% to Rs 499 after the company announced that it has received its first commercial purchase order for the supply of precision engineered components to US-based Alpha Aircraft Systems Inc.
Persistent Systems and Kong announces strategic partnership to scale enterprise AI adoption
Persistent Systems and Kong, a leading developer of API and AI connectivity, today announced a strategic partnership to help enterprises implement the control layer required to scale AI securely and reliably. Persistent is uniquely positioned as Kong's global systems integration partner, combining its engineering-led approach with Kong's unified API and AI connectivity platform to simplify integration, strengthen governance and accelerate enterprise AI adoption.
Bosch enters JV with Brakes India and Wheels India
To manufacture air systems for commercial vehicles
JLR readies recovery plan to get fit for new 'world order'
Jaguar Land Rover is implementing a three-part recovery plan following its worst annual net loss in five years. The strategy targets reducing procurement and warranty expenses while enhancing digital systems. The company aims to restore its cash break-even point and achieve significant savings. New electric vehicle launches are expected to drive future growth.
ZF Commercial Vehicle gains as Q4 PAT jumps 15% YoY to Rs 146 cr
ZF Commercial Vehicle Control Systems India rose 1.30% after its consolidated net profit jumped 15.47% to Rs 146.32 crore in Q4 FY26, from Rs 126.71 crore in Q4 FY25.
Tata Motors shares decline over 3% after Q4 results. What are Motilal Oswal and Nuvama saying?
Tata Motors (Commercial Vehicles) reported strong quarterly earnings with a sharp rise in net profit and revenue, but its stock fell by over 3% amid cautious sentiment on the commercial vehicle sector outlook. Brokerages remain split, with neutral to bullish views on future growth driven by exports and industry recovery.
Tata Motors CV shares downgraded, target cut amid fuel, commodity cost concerns
Nomura cited risks from weak demand trends at IVECO, rising fuel prices and increasing commodity costs for the Indian commercial vehicle industry.
Tata Motors turns cautious on capex amid West Asia war headwinds
Tata Motors is proceeding with caution on its spending plans. The West Asia crisis has created several challenges for the company. Despite these headwinds, Tata Motors plans to maintain its capital expenditure of around Rs 3,000 crore for FY27. The domestic commercial vehicle industry is still expected to see single-digit growth in FY27.
Tata Motors cautions on FY27 growth as war woes weigh on industry
The commercial vehicle major expects single-digit industry growth this fiscal year as geopolitical tensions and rising fuel costs threaten to hurt demand.