Modern Automotives targets new sectors with cold-formed components

By Staff Report July 7, 2025 3:42 pm IST

Modern Automotives is expanding into system integration and cold-formed components to tap new sectors and target 25% CAGR by FY2031.

Modern Automotives, a major supplier of powertrain, suspension, and chassis components to two-wheeler, passenger car, and commercial vehicle OEMs, aims for a 25% CAGR by FY2031. As part of its aim to become a systems integrator and increase the value of its products, the company has begun producing front fork components for scooters and motorcycles.

Modern Automotives is establishing a cold-forming facility at its main plant in Mandi Gobindgarh, Punjab, to improve its manufacturing capabilities. This factory will manufacture cold-formed spline shafts, toothed gears, heat sinks, and deep-extruded gearbox shafts for the automotive, aerospace, defence, electronics, and thermal engineering sectors. The company also intends to increase its forging capacity from 36,000 to 60,000 tonnes by FY2031.

Modern Automotives has received a ₹150 crore export order from BMW Germany to deliver 2.5 million differential pinion shafts for electric car powertrains by 2034.