The Hi-Tech Gears Limited, a manufacturer of precision engine and transmission components for the automotive industry, is strengthening its focus on electric vehicle (EV) components and advanced manufacturing processes while improving operational efficiencies across its India and North American facilities.
During the first half of FY26, Hi-Tech Gears secured new business worth approximately INR 860 million on an annualised basis, primarily from existing customers. Over 117 precision components are under development across two-wheeler, commercial vehicle, and passenger car segments, with expected ramp-up over two to three years from start of production. The company has recently entered the premium motorcycle segment through the Harley-Davidson X440 and Hero Mavrick 440 platforms, and the passenger car SUV segment through Mahindra & Mahindra.
In the EV segment, Hi-Tech Gears has commenced production of differential assemblies and helical gear components for Hero MotoCorp and Dana. The company is enhancing its engineering and metallurgical capabilities to manufacture high-precision gearbox and drivetrain parts that meet advanced fatigue life, residual stress, and noise–vibration–harshness (NVH) standards.
Operationally, the company continues to focus on productivity and cost control in its Indian operations through refurbishment of bottleneck machinery and throughput improvement programmes. It is pursuing “lean” and Total Productive Maintenance (TPM) practices across facilities to raise conversion efficiency. Overseas operations in North America were affected by market volatility, but the company stated that it is leveraging existing capacity and quoting for new programmes to capture emerging opportunities.
The group operates five manufacturing plants — three in India and two overseas. Its domestic plants are located at Bhiwadi and Manesar in Haryana, while overseas operations are based in Guelph, Canada, and Emporium, USA. The facilities are equipped for forging, CNC machining, heat treatment, and gear finishing processes, enabling flexible production of precision gears, shafts, and driveline assemblies for multiple vehicle segments.
The company supplies to major original equipment manufacturers (OEMs) including Cummins, Daimler, Bosch, JCB, Honda, Hero MotoCorp, Mahindra & Mahindra, Tata Cummins, Magna Powertrain, Dana, and CNH Industrial. Exports accounted for 52 percent of its consolidated revenue in FY25, with customers spread across North America, Europe, and Asia.
Hi-Tech Gears reported consolidated operational revenue of INR 4.56 billion in H1 FY26, down 10 percent year-on-year, with EBITDA of INR 540 million and a margin of 11.8 percent. The company said its balance sheet remains strong, with term loans fully repaid in India and net debt-to-equity at 0.06 times.
The company stated that its medium-term focus will remain on expanding in EV and higher-displacement engine components while maximising free operating cash flow.
Hi-Tech Gears Limited, incorporated in 1986 and headquartered in Gurugram, manufactures high-precision gears, shafts, and transmission parts for two-wheeler, passenger, commercial, and off-highway vehicles. It employs about 2,500 people across its global operations.
