BorgWarner Named to Corporate Knights' 2026 Global 100, USA 25 Most Sustainable Corporations Accessibility StatementSkip NavigationOne of only three companies within the Cars and Trucks Manufacturing peer group in the USA 25 Most Sustainable CorporationsSecond consecutive year BorgWarner was included in the Global 100AUBURN HILLS, Mich., March 18, 2026 /PRNewswire/ -- BorgWarner, a global product leader in delivering innovative and sustainable mobility solutions, has earned a spot on the Corporate Knights' ...

Core Insights - Garrett Motion (GTX) is diversifying its business by expanding into industrial cooling and power generation applications, aiming to leverage existing technologies and tap into growing markets such as data centers and HVAC systems [1][3] Diversification Strategy - The diversification strategy is driven by changes in the automotive sector and the energy transition, with a focus on applying engineering capabilities to non-automotive markets [2] - Garrett's expertise in high-speed electric motors, oil-free bearings, and turbomachinery positions the company well for entry into industrial applications [2] Market Demand - Industrial cooling and power generation are experiencing strong structural demand due to the growth of hyperscale data centers and the need for energy-efficient HVAC systems [3] - The demand for cooling capacity and reliable power supply is increasing, creating significant opportunities for Garrett [3] Competitive Landscape - Peers like BorgWarner and Modine Manufacturing demonstrate how automotive component makers can expand their markets by integrating electrification with thermal management products [4] Product Development and Collaborations - Garrett has developed an oil-free, high-speed centrifugal refrigerant compressor for commercial cooling applications, which can deliver over 10% energy savings compared to existing technologies [5] - A strategic collaboration with Trane Technologies will integrate Garrett's compressors into Trane's commercial HVAC systems, with initial units expected to reach customers in 2026 [6] E-Cooling Compressor Portfolio - The E-Cooling compressor portfolio spans cooling capacities from approximately 25 kilowatts to 1,750 kilowatts, targeting applications from building HVAC to data center infrastructure [7] - Early production wins have been secured in mobility applications with a major Chinese bus and truck HVAC supplier, with production expected to begin in 2027 [7] Power Generation Expansion - Garrett is also expanding into power generation applications, particularly turbocharging systems for industrial engines and generator sets, driven by rising demand from data centers [8][10] - The company has developed new products for large engines and has secured original equipment wins in this segment [10] Revenue Projections - Industrial cooling is projected to exceed 5% of total company revenue by the end of the decade, with power generation and industrial turbo applications also expected to grow rapidly [11] - Management anticipates that the industrial cooling segment will become a significant revenue contributor in the coming years [11]

Core Viewpoint - The shift towards electrification presents an opportunity for Tenneco Clean Air to increase sales of high-value electronically controlled shock absorbers, while hybrid vehicles offer a balanced approach for the company's business strategy [1] Company Overview - Tenneco Clean Air is a subsidiary of Tenneco Inc., a major American component manufacturer [1] - The company was listed in November and currently has a market capitalization exceeding ₹22,000 crore [1]

Group 1: IDFC First Bank - IDFC First Bank will introduce an additional layer of system-driven controls for high-value, branch-based transactions due to discrepancies in Haryana government-linked accounts, requiring mandatory customer confirmation for transactions exceeding a predefined threshold through a verified digital channel [2][8] Group 2: NBCC - NBCC is in discussions to develop 139 acres of an island in Seychelles, which will include affordable social housing, leisure and hospitality, premium villas, sports arena, and social infrastructure [3][8] Group 3: Hindustan Zinc - Hindustan Zinc signed a strategic Memorandum of Understanding (MoU) with Tripura Group to expedite the development of a Zinc Park in Rajasthan, facilitating the operationalization of a manufacturing unit within the Zinc Park located at Khankhala in the Bhilwara district [6][8] Group 4: Bharat Petroleum Corporation Limited (BPCL) - BPCL has received an excise demand order amounting to Rs. 1,816.65 crore from the Commissioner of Central Tax and Central Excise, which includes an excise duty demand of Rs 476.94 crore, interest of Rs 1,339.70 crore, and a penalty of Rs 95,000 [6][8] Group 5: Bharti Airtel - Bharti Airtel plans to invest Rs 20,000 crore in its non-banking financial company, Airtel Money Limited, over the next few years to develop a high-scale digital lending platform and enhance access to formal credit across India [7][9] Group 6: Waaree Energies - Waaree Energies has received an order for the supply of 500MW solar modules from a prominent solar power developer engaged in the Independent Power Producer business [8][9]

Core Viewpoint - Goldman Sachs has raised price targets by over 10% on four blue-chip dividend stocks, indicating optimism about their future performance and potential for growth [1]. Group 1: Price Target Increases - Goldman Sachs raised the price target for Applied Materials from $310 to $390, reflecting a significant increase of 26% [1]. - The price target for Belden was increased from $144 to $175, representing a 21.5% rise [1]. - BorgWarner's target price was raised from $54 to $78, marking a 44.4% increase [1]. - Cameco's price target was increased from $115 to $131, which is a 13.9% rise [2]. Group 2: Company Profiles - **Applied Materials**: A semiconductor capital equipment company that provides solutions for the semiconductor and display industries, operating in three segments: Display, Applied Global Services, and Semiconductor Systems [1]. - **Belden**: A global supplier of connection solutions, focusing on network infrastructure and broadband solutions, with applications in various vertical markets including healthcare and data centers [1]. - **BorgWarner**: Engaged in clean-technology solutions for vehicles, the company operates in four segments, including PowerDrive Systems and Battery & Charging Systems, focusing on electric and hybrid vehicle technologies [1]. - **Cameco**: A Canadian company that supplies uranium fuel for nuclear reactors, involved in uranium mining and refining, with operations at Cigar Lake and McArthur River mines [2].

Core Insights - The last five years have been challenging for Valeo, a leading French manufacturer of auto components, due to weaker overall auto production and rising costs [1] Company Performance - Valeo has faced difficulties linked to the overall decline in auto production, which has negatively impacted its business [1] - The company specializes in critical electric vehicle (EV) and advanced driver-assistance systems (ADAS), sectors that are increasingly important in the automotive industry [1]

Core Viewpoint - Tenneco Clean Air India plans to raise ₹3,600 crore through an IPO, with a significant reduction in the promoter group's stake from 97.3% to 74.8% post-IPO, while the company shows strong market leadership but has experienced single-digit revenue growth over the past two years [5]. Business - Tenneco India operates in two divisions: clean air solutions and shock absorbers, with over 60% of its revenue derived from its top five customers [5]. - The company is net cash positive and is the largest supplier of Clean Air Solutions to Indian commercial trucks and off-highway segments, holding a market share of 57% and 68% respectively [5]. - It is also the largest supplier of shock absorbers and struts to Indian passenger vehicles, with a market share of 52% [5]. Financials - Revenue increased to ₹4,890.4 crore in FY25 from ₹4,827.4 crore in FY23, with value-added revenue (excluding passthrough sales) rising by 6% annually to ₹4,380.1 crore [5]. - Net profit surged by 20.5% to ₹553.1 crore between FY23 and FY25 [5]. - The operating margin (Ebitda margin) improved to 16.7% in FY25 from 11.8% in FY23, outperforming peers who have margins between 10-28% [5]. - Royalty expenses as a percentage of revenue decreased to 2.3% in FY25 from 4.7% in FY24 [5]. - Return on capital employed (ROCE) rose to 56.8% in FY25 from 33.5% in FY23 [5]. Valuation - The company is seeking a price-earnings multiple of 29, compared to a range of 18-86 for peers such as SKF India, Sona BLW Precision Forging, and Gabriel India [4][5].

Core Viewpoint - Aptiv PLC (NYSE:APTV) is gaining attention as a promising investment, particularly due to its upcoming spin-off of its software business and the potential for growth in the auto parts sector [1][2]. Group 1: Company Overview - Aptiv PLC is an auto components manufacturer with General Motors as a significant customer, accounting for 9% of its business [1]. - The company is in the process of spinning out its software business, which is expected to enhance its focus on growth and revenue acceleration [2]. Group 2: Growth Potential - The total addressable market for Aptiv's software segment is estimated to be around $90 billion, indicating substantial growth opportunities [2]. - The company is currently experiencing mid-single-digit growth, with expanding margins, suggesting a positive outlook for its financial performance [2]. Group 3: Upcoming Catalysts - An analyst day is scheduled for November, which is anticipated to provide more insights into the spin-off and its implications for the company's future [2].

Group 1: E-commerce and Market Growth - L'Oréal highlighted that e-commerce is transforming its reach in India, allowing the company to connect with previously underserved markets and accelerate growth [2] - Unilever noted that India is well positioned for medium-term growth, with rapid gains in e-commerce and quick commerce offsetting short-term GST impacts [2] - Reckitt Benckiser reported that its quick commerce business in India is more than doubling this year, with Flipkart growing at 30 percent [3] Group 2: Revenue and Performance Insights - Westinghouse Air Brake Technologies Corporation stated that year-to-date, its like-for-like net revenue growth in India remains at high single-digits, expecting the recent slowdown to be a matter of phasing [4] - TransUnion mentioned that India's growth was slightly below expectations due to tariff-related pressures but reaffirmed confidence in the market's long-term potential [5] - Visteon Corporation is deepening its presence in India with new digital products and expanded manufacturing plans [6] Group 3: Manufacturing and Export Developments - Westinghouse secured $140 million in brake orders driven by increased activity in India, marking a significant milestone for its Marhowrah plant [4] - BE Semiconductor Industries noted that India is emerging as a key location for new assembly capacities as customers diversify from China, with five major customers setting up assembly capacities in the country [8] - CIE Automotive emphasized that India remains one of its strongest and most stable markets, reinforcing its global importance [9] Group 4: Automotive Market Position - India has consolidated its position as the world's third-largest automotive market, surpassing Japan with nearly 25 million vehicles a year and continuing to grow across all segments [9]

Core Insights - Retail investors reduced their holdings in 62 midcap stocks during the September quarter of FY26, indicating a 'sell-on-rise' strategy amid market uncertainties [8] - The BSE Midcap index experienced a significant increase of 8% during the period ending September 30, 2025, and extended gains to nearly 13% as of October 21 [8] - Notable gainers included Delhivery with an 87% return, L&T Finance with a 75% surge, and One97 Communications (Paytm) with a 67% increase, despite declines in retail ownership [8] Retail Holdings and Performance - Delhivery topped the gainers' list with an impressive 87% return, while retail ownership decreased by 55 basis points [2][8] - L&T Finance saw a 75% increase in stock value, with retail shareholding falling by 37 basis points [2][8] - Other significant gainers included Indian Bank and Laurus Labs, both rising by approximately 50%, with retail ownership declines of 55 and 11 basis points, respectively [8] Underperformers - Sixteen stocks faced declines due to sustained underperformance, including KPIT Technologies, which dropped 12% and saw retail holdings decrease by 28 basis points [5][8] - Ipca Laboratories recorded a 14.64% drop in stock value, with a 27 basis point reduction in retail stake [5][8] - Other underperformers included Balkrishna Industries (down 9.30%), Blue Star (down 8.08%), and Emami (down 6.15%), with corresponding retail stake cuts [5][6][8] Investment Strategy - WhiteOak Capital MF recommends investing in midcaps through systematic investment plans (SIP) for long-term growth, highlighting a 10-year rolling SIP return average of 17.43% for the Mid Cap Index [7][8] - The note contrasts this with an XIRR of 15.62% for investors who switched based on the previous year's best-performing index [7][8]