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TN set to attract Rs 50,000 cr investments, generate 150,000 jobs in EV sector by 2025

Prominent EV companies contributing to the significant production in Tamil Nadu include Ola Electric, TVS Motor, Ather in Krishnagiri, Ampere Vehicles in Ranipet, BYD India in Kancheepuram, Stellantis in Tiruvallur, and E-Royce Motors in Coimbatore.Read more

Tesla nearing deal for India Entry, possible factory setup by 2025

Tesla is prepared to make an initial investment of approximately $2 billion in any plant, with plans to increase purchases of auto parts from India to potentially $15 billion.Read more

Indian Airlines embrace local sourcing for non-critical aircraft parts

According to executives from Air India and IndiGo, the aviation sector in India is adopting a trend prevalent in the US, aiming to gain cost and time benefits for carriers.Read more

Bizongo boosts AI offerings with acquisition of FactoryPlus

The integration of FactoryPlus into Bizongo's platform will enable the provision of an AI-powered raw material procurement solution for MSMEs.Read more

Global MRO Giant StandardAero explores JV in India with surging aviation growth

Safran, a French engine manufacturer, plans to establish its largest MRO facility for commercial aircraft engines in Hyderabad by 2025.Read more

Swedish Robotics Firm RSP to launch manufacturing in Chennai

The Indian subsidiary, named Scandinavian Robot Systems India Private Limited, has been officially registered in Chennai.Read more

Indian govt considers exempting key EV components from localisation norms

However, this new consideration is met with opposition from local players such as Mahindra & Mahindra and Tata Motors, as well as foreign companies with decades-long operations in India.Read more

THK India unveils facility in Sri City for linear motion innovation

This facility stands as THK's sole production unit in India, specializing in the manufacture of linear motion guides and equipment for diverse applications across various sectors.Read more

Amitabh Kant urges to scrap import duties for exported goods

Kant suggested that while import duties on products intended for domestic consumption, such as furniture and food items, could be increased, maintaining competitive pricing for exports is crucial.Read more

ABB, Titagarh forge strategic partnership for Metro Propulsion Systems in India

The agreement encompasses Titagarh purchasing ABB propulsion systems, including traction converters, auxiliary converters, traction motors, and train control management system (TCMS) software.Read more

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