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Electric vehicle sector is a big opportunity for Magal Engineering

In this interview M K Narasinga Rao, MD, Magal Engineering Co, shares details about the company’s future plans and new solutions for electric vehicles (EV) and precision sheet metal industries.Read more

Tesla's Cybertruck launch sparks optimism for Indian auto component market

Although the US and Canada dominate 54% of the global pickup truck market, initial reports suggest that Tesla's new offering could secure nearly 7% market share in its first year.Read more

PLI scheme: Need for a course correction

The Government of India is reportedly planning to ease some norms for five sectors (textiles, pharmaceuticals, drones, solar and food processing) to help them better utlise the fund under its Production-linked Incentive (PLI) scheme.Read more

Ashok Leyland dealer Automotive Manufacturers expands operations in UP

With the opening of its new 3S facility in Varanasi, Automotive Manufacturers will provide support to Ashok Leyland customers in the region.Read more

Continental ramps up manufacturing in India for connected vehicle technologies

Germany’s Continental expands local production capacities for connectivity and body electronics in tune with growing demand in the country, paving the way for future growth. It is also incorporating smart manufacturing practices to achieve superior production standards while leveraging its skilled workforce.Read more

India triumphs in Global Manufacturing, BCG Study Reveals

A BCG study titled 'Navigating the Transformative Shifts in Global Manufacturing’ revealed a remarkable surge of $23 billion in exports to the US, a staggering 44% increase from 2018 to 2022.Read more

Indian auto component exports at risk amid UAW Strike in the US

Approximately one-third of India's automotive component exports are destined for North America, and this strike by thousands of UAW members, known as a 'stand-up strike,' is impacting the US auto majors.Read more

The “Top 100 Performers” of engineering sector

According to the International Monetary Fund (IMF), India is poised to remain a significant contributor to the global economy, accounting for approximately 15 per of global economic growth in CY 2023.Read more

Modulus Alternatives commits Rs 1.5 bn to Shivam Autotech in debut private credit fund investment

The investment is set to originate from the resources under the management of Modulus Alternatives, which includes their second fund, the India Credit Opportunities Fund II.Read more

Amara Raja companies’ win big at ‘Great Place to Work’ Awards

The ‘Great Place To Work’ (GPTW) institute is globally recognized as an authority on workplace culture.Read more

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