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Hyundai Motor India exchanges MoU with TN govt, planning to invest Rs 20,000 Cr
Hyundai Motor India Limited (HMIL) is planning for a long-term investment in the state of Tamil Nadu for over the period of 10 years (2023 to 2032) with a plan to increase production volumes and introduce new electric vehicle models. Read more
Mitsubishi Electric to set up AC, compressor manufacturing facility in Tamil Nadu
The government of Tamil Nadu and Mitsubishi Electric Corporation signed a memorandum of understanding (MoU) to build an air conditioner (AC) and compressor manufacturing plant in India. The 52-acre site will be set up in Thiruvallur District, Tamil Nadu.Read more
LAPP India inaugurates new ÖLFLEX CONNECT plant in Coimbatore
LAPP India, a leader in cable and connection technology has launched their fifth ÖLFLEX CONNECT plant in Coimbatore, Tamil Nadu. This newly opened plant is 16,000 sq ft in area.Read more
Fuji Electric wants to provide made-in-India products with Japanese technology
Fuji Electric India is a subsidiary of Japanese electrical equipment company, Fuji Electric Group. The group works on energy management problems, through advanced Japanese technological innovations. Yosuke Ishizaka, Managing Director at Fuji Electric India shares that after the acquisition of Indian UPS Company, Consul Neowatt in 2019, Fuji Electric India is planning to aim at 1500 crore turnover in 2024. Read more
Ashok Leyland sets up all-women production line at Hosur
To promote women empowerment and attract women towards manufacturing, flagship company of Hinduja Group, Ashok Leyland set up an all-women production line at its Hosur plant in Tamil Nadu.Read more
Schaeffler to invest Rs 300 cr for transmission components facility in TN
New facility will expand the production footprint in Hosur for transmission components and systemsRead more
Alstom opens components manufacturing facility in Coimbatore
With an average investment of Euro 25 million, the new site - the largest components manufacturing facility in Asia - is dedicated to improving industrial efficiency in manufacturing components for various prestigious national and international projects.Read more
KBL supplies VT pumps for Mettur Surplus Water project in Tamil Nadu
KBL is the primary supplier of Vertical Turbine (VT) pumps and commissioned the relevant pump houses for the scheme. About 4,238 acres of agricultural land would be irrigated from the scheme, which will positively influence the lives of around 16.44 lakh farmers.Read more
Ola races to build the world’s largest 2 wheeler mega factory
OLA has completed land acquisition in January this year. An estimated more than 10 million man-hours have been planned to bring the factory up in record time. Read more
TNBA urges to stop auctions and strengthen boiler MSMEs
The association demanded the case of MSME NPA units in Tiruchi must be given a special consideration as they provided employment, paid taxes promptly and followed other statutory obligations.Read more