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IFC to invest Rs 600 cr in M&M’s new electric three-wheelers company

Funding to help electrify the country’s last mile mobility and boost penetration of electric three-wheelers, supporting India’s climate goalsRead more

Budget 2023: Revving up manufacturing with duty revisions and capex boost

By allocating Rs 10 lakh crores for capital expenditure (which would be 3.3 per cent of GDP) and making minor changes in the basic custom duties, cesses and surcharges on some components, the budget aims to provide more opportunities for local manufacturing.Read more

Sundram Fasteners bags $ 250 mn contract from global EV maker

SFL plans to invest Rs 200 crore to support the new orders under the six-year long purchase package involving the supply of input & stator shaft sub-assemblies and drive gear sub-assemblies.Read more

Schaeffler India appoints Madhurisha V as CTO

Schaeffler India Ltd – one of the leading manufacturers of bearings for industrial and automotive applications – has appointed Madhurisha V as Chief Technology Officer (CTO). Read more

M&M to invest Rs 10,000 crore in EV manufacturing plant in Pune

The company, through its subsidiary, will make investments of approximately Rs 10,000 crore over a period of 7-8 years for setting up the manufacturing facility, development, and production of Mahindra’s upcoming Born Electric Vehicles (BEVs).Read more

Iris Waves secures JBM Auto plants

The Delhi based security & surveillance system integrator, Iris Waves has recently secured JBM Auto's (erstwhile Jai Bharat Maruti) Gurugram, Bawal and Manesar plants with installations of WBox CCTV Security Surveillance Solution from USA. Read more

Layam Group stands tall as a human capital value chain provider

Layam Group - a 14-year-old organisation - has achieved a turnover of Rs 150 crores with a manpower strength of 11,000 people across India.Read more

Hero Electric, Mahindra & Mahindra form partnership for electric mobility

As part of the partnership, Mahindra Group will manufacture Hero Electric’s electric bikes – Optima & NYX at their Pitampur plant. Partnership will also enable electrification of Peugeot Motocycles’ portfolio through platform sharingRead more

Flipkart partners with EDEL by Mahindra Logistics to speed up EV deployment

Flipkart has committed to 100 per cent electric mobility in its logistics fleet and will deploy more than 25,000 electric vehicles (EVs) by 2030.Read more

Mahindra Logistics & Bajaj Electricals unveil project Samriddhi

This association marks one of the largest deals in Indian logistics industry – in excess of Rs 1,000 crore contract value over the next 5 yearsRead more

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