Automotive transmission systems maker Torotrak said that it is trading in line with full-year expectations.

Second-half revenues, which account for the majority of annual sales, were materialising as predicted, said the company. Shares were up 2%, or 0.5p to 24 pence.

The group added that its license agreement with Tata Motors was now in the final stages of approval by the Indian government, having been cleared by the Indian project approval board on 31 January.

Separately, management warned that Infinitrak, the joint venture with mower manufacturer MTD, was experiencing some problems with parts for its Twin Toroidal Transmission (TTT) system.

Torotrak said a programme of final testing and validation of off-tool examples of the TTT system had found a small number of production conformity issues on parts made by external suppliers.