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JSW MG to shift focus to NEVs; to phase out conventional vehicles
JSW MG aims to introduce a new vehicle every four to six months and anticipates that over 50% of its sales will come from electric vehicles (EVs) in 2024.Read more
Engineers India gets Rs 46.81 billion business; Order book now Rs 113.5 billion
The core oil and gas sector remains the primary contributor to EIL's orders, although recent years have seen increased contributions from infrastructure and green energy segments.Read more
NXP Semiconductors to invest over $1 billion in India for R&D
The country's semiconductor market is projected to reach $63 billion by 2026.Read more
Panasonic showcases Smart Factory Solutions at Productronica India 2024
The solutions were applicable to diverse industries including automotive electronics, smart phones, information & communication technologies, home appliances, energy metres, and power electronics.Read more
Taiwan's DFI to open repair & service center in India
With its embedded solutions, industrial motherboards, and custom products, the company is eyeing growth from sectors like medical, defence, retail, factory automation, traffic management, etc, says Rakesh Rao. Read more
Gensol Engineering to establish India’s first green hydrogen valley in Pune
The initiative will be in partnership with Matrix Gas & Renewables.Read more
Indian defence market set for 14% annual growth amid government indigenisation
The market opportunity for Indian defence companies is estimated to range between $90-100 billion over the next 5-6 years, with an annual growth rate of approximately 13% during this period.Read more
Reliance Infra plans EV manufacturing facility in India
Reliance Infra is exploring the establishment of a battery plant with an initial capacity of 10 GWh, with plans to scale up to 75 GWh over the next decade.Read more
GTRI warns of India becoming an 'EV colony' for China
GTRI urged the government not to rush into providing significant incentives, warning that doing so could increase India's reliance on Chinese imports. Read more
Applied Materials eye India; consider Tamil Nadu for chip manufacturing unit
The company may initially focus on developing an advanced AI-enabled technology centre in Chennai, creating 500 jobs, with potential future expansion into manufacturing.Read more