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GX Group targets 60% reusable materials in products by 2026
With a manufacturing facility in Manesar and plans to open another in Chennai, GX Group aims to support exports while maintaining its footprint across 5 million homes in India.Read more
Capital-intensive industries drive employment growth in India: Goldman Sachs
India’s manufacturing transformation is being fuelled by reforms, including the Production-Linked Incentive (PLI) schemes, which have played a pivotal role in increasing domestic production, fostering technological progress, and drawing both foreign and local investments. Read more
Six industries drive over half of India’s formal manufacturing GVA: NSO
In FY23, industries such as basic metals, chemical products, refined petroleum, motor vehicles, pharmaceuticals, and food products collectively contributed 52.6% to the manufacturing GVA.Read more
Senvion India to double manufacturing capacity by 2026
Recently, Senvion India introduced a 4.2 MW wind turbine, marking the first 4 MW turbine designed in collaboration with RE Technologies, a German R&D firm with which it holds an exclusive licensing agreement. Read more
Siemens to acquire Altair Engineering for $10 billion
The acquisition is expected to boost Siemens’ digital business revenue by 8%, adding approximately €600 million.Read more
Mahindra debuts electric origin SUVs named XEV 9e and BE 6e
The SUVs will premiere globally at UNLIMIT INDIA, on November 26, 2024, in Chennai.Read more
ABB releases new brand positioning and tagline 'Engineered to Outrun'
The new brand positioning centers around the word “Outrun” and its meaning consists of two parts: Keeping ABB’s partners running consistently at high performance and at the same time helping them constantly run more productively and efficiently so they can outperform. “Leaner” stands for ABB’s global leadership role in automation, improving the productivity and efficiency of every industry’s critical day-to-day operations.Read more
L&T wins new orders for power transmission & distribution business
The hub will be a crucial element in Kenya’s grid for ensuring stable, efficient and reliable operations in view of variable renewable energy sources getting added and the high-voltage regional interconnections being established. Read more
Cyient acquires 27% stake in Azimuth AI to boost semiconductor capabilities
Cyient emphasised that this investment reflects its commitment to driving innovation in the semiconductor industry. Read more
The Rise of India’s Construction Equipment Industry
Driven by increased government spending, rapid urbanization, technological advancements, and the 'Make in India' initiative, the RAHSTA (road) ahead for the construction equipment (CE) industry is bright with full of possibilities and opportunitiesRead more