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How MSMEs will play a key role in the development of Indian manufacturing sector
Setting up a business in India is futuristic, makes a lot of sense, and, for foreign companies, connecting with the Indian MSME and helping it grow is a sure way to success, says R Jayaraman.Read more
Pricol Limited to acquire Sundaram Auto Components’ Injection Moulding business
The debt-free acquisition is being made through an all cash deal for an amount of Rs 2.15 billion and is subject to adjustments, if any, as defined in the agreement at the time of closing the deal.Read more
ABB India upgrades Faridabad plant to enhance sustainability efforts
The facility has diverted 99% of its waste away from landfill, aligning with the company's long-term sustainability targets of zero waste to landfill.Read more
Haier Group eyes Rs 10 billion JV with JSW Group
This potential collaboration follows a 2023 JV between JSW and Chinese automaker SAIC Motor, where JSW took a 35% stake in MG Motor India.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
Tata Motors starts LNG-powered truck delivery to Clean Green Fuel and Logistics
A Memorandum of Understanding to supply an additional 350 units of Prima 5530.S LNG was also signed between Tata Motors and Clean Green Fuel and Logistics Pvt. Ltd.Read more
Tata Motors to supply 1000 bus chassis to UP State Road Transport Corporation
This latest order follows the successful fulfilment of a similar, larger order of 1,350 bus chassis received last year, and which are currently running efficiently by the UPSRTC.Read more
Suzuki partners with SkyDrive to develop autonomous flying car
Designed to take off and land on building rooftops, the Skycar is equipped with autonomous features, making it ideal for urban air mobility. Read more
Ashok Leyland partners with Nidec to develop novel e-drive motors
Ashok Leyland and Nidec will work together to establish a Centre of Excellence (CoE) for Electric Drive Units (EDUs). Read more
Tata Motors holds groundbreaking ceremony of new vehicle manufacturing facility
The greenfield plant will use 100% renewable power to produce next-gen vehicles for Indian and global markets and is expected to create over 5,000 employment opportunities with significant skill-building in the local community.Read more