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Uncertainty over rare-earth magnets supply hurting Indian auto industry
According to ICRA, inventories of rare earth magnets may last only until mid-July 2025 for certain automotive applications. It adds that contingency options appear ridden with logistical, regulatory, and engineering complexities.Read more
Minda Corp, Japan's Toyodenso form JV for advanced automotive switches in India
The joint venture will set up a greenfield facility in Noida (Uttar Pradesh) with operations expected to commence in the second half of FY 2026–27.Read more
Calderys sets sustainability benchmark at Odisha refractories plant
Calderys advances its green goals with the CAPES project in Odisha, integrating solar power, water recycling, and emission controls to set a new benchmark in the refractories sector.Read more
Waaree Solar Americas secures 599MW US deal, expands clean energy presence
The modules will be produced at Waaree’s modern manufacturing plant in Brookshire, Texas, with deliveries scheduled for the 2026 calendar year.Read more
Mahindra Logistics opens Phaltan warehousing facility for Cummins India
This facility aims to enhance Cummins India’s logistics ecosystem by boosting supply chain efficiency, availability, and end-to-end visibility across Mahindra Logistics’ expansive integrated distribution network.Read more
Drone Startup Garuda Aerospace Secures Investment from Sekhsaria Family Office
Defence-tech startup Garuda Aerospace, backed by MS Dhoni, raises fresh funds from Narotam Sekhsaria Family Office to scale drone manufacturing and exports before its upcoming IPO.Read more
Texmaco wins Rs 440 mn order for rail electrification project in Maharashtra
Texmaco Rail & Engineering secures Rs 440.4 million MRVC contract for Kalyan-Badlapur electrification; total order book now at Rs 72.75 billion, advancing India’s sustainable rail infrastructure goals.Read more
Germany's Festo opens Rs 5 bn facility in Hosur, reinforces India commitment
The manufacturing facility, which will concentrate on the production of advanced pneumatic automation components, aims to cater to both domestic and global markets by delivering high-precision automation solutions.Read more
ALTEN India names Balaji Viswanathan as CEO
Balaji Viswanathan to lead ALTEN India's next phase of engineering innovation, global delivery, and digital transformation across automotive, aerospace, telecom, and more.Read more
Schneider Electric launches next-gen TeSys Deca motor starters in India
The company has expanded motor control portfolio in India with the introduction of TeSys Deca Advanced 115A & 150A motor starters that can reduce CO? by 22%, enhance reliability, and improve efficiency for harsh industrial applications.Read more