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Eberspächer Gruppe GmbH & Co. KG

business unit, was similarly impacted by reduced orders and increased competition from China. In the Bus & Coach business unit, sales dropped slightly due to the loss of business in Europe caused by the insolvencies of two major customers, although this was partially offset by growth in Mexico and India.4) Automotive Controls Division-Sales in the Climate Control Systems Division in the fiscal year ended December 31, 2024, amounted to EUR 77.2 m...

Major Suppliers Updated at: 2025/06/26

Sekisui Chemical to set up sixth injection molding plant in India

Sekisui Chemical to set up sixth injection molding plant in India On June 25, Sekisui Chemical Co., Ltd. (Sekisui Chemical) announced its decision to establish a sixth manufacturing plant in India for its joint venture, Sekisui DLJM Molding Pvt. Ltd., which produces injection molded automotive products. The new facility will be located in Chakan district, Pune, Maharashtra, and is scheduled to commence operations in January 2026. The investme...

News Updated at: 2025/06/25

Kazam, India raises USD 6.2 million in series B led by IFC to expand EV charging platform

Kazam, India raises USD 6.2 million in series B led by IFC to expand EV charging platform On June 24, Kazam, a Bengaluru-based EV energy-tech startup, announced a USD 6.2 million Series B funding round led by the International Finance Corporation (IFC), with participation from Vertex Ventures Southeast Asia & India, Avaana Capital, and Chakra Growth Capital. This round brings Kazam’s total funding to USD 19.2 million. The funds raised will be ...

News Updated at: 2025/06/25

Wheels India to raise stake in Axles India to 12.51%

Wheels India to raise stake in Axles India to 12.51% On June 25, Wheels India Limited announced that its Board of Directors has approved the acquisition of 764,533 equity shares of Axles India Limited from Forge 2000 Private Limited for a total consideration of INR 226.8 million. The transaction is expected to be completed on or before August 31, 2025. Forge 2000 Private Limited is a wholly owned subsidiary of Sundaram Finance Holdings Limited, w...

News Updated at: 2025/06/25

BatX Energies to build commercial battery recycling facility with Indian government support

BatX Energies to build commercial battery recycling facility with Indian government support On June 24, the Technology Development Board (TDB) under the Department of Science & Technology (DST), Government of India, announced financial support to BatX Energies Pvt. Ltd., Gurugram, for its project titled “technologies for generation of battery grade materials and value addition through closed loop.” The initiative aims to commercialize an indi...

News Updated at: 2025/06/25

EMO.energy, India launches NEXO for last-mile deliveries with solar and smart batteries

EMO.energy, India launches NEXO for last-mile deliveries with solar and smart batteries On June 25, EMO.energy, a Bengaluru-based startup, launched NEXO, a vertically integrated energy ecosystem tailored specifically for the last-mile delivery segment. The solution aims to enhance energy efficiency and reliability for quick-commerce operations by unifying solar energy, battery storage, and fast-charging infrastructure. NEXO integrates solar power...

News Updated at: 2025/06/25