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BASF opens a smart factory in China to produce thermoplastic polyurethane
The new plant is the largest single TPU production line for BASF globally. The smart factory is built with advanced technologies – including automated guided vehicles and advanced automation systems.Read more
Electric Vehicles sales rev up despite roadblocks, 2W records 37% growth
For EV, CY23 recorded significant growth as the sales volume of EVs surpassed 1.5 million, a 50% increase compared to CY22. Total EV volume sold was recorded at 1.53 million in CY23 compared to 1.02 in CY22. Read more
Industrial & Warehousing demand consolidates in 2023, at ~25 mn sq ft
While H1 2023 was relatively subdued, leasing activity picked up in the second half of the year, with H2 2023 witnessing a 26% rise on a half yearly basis. During the year, Pune led the demand with 25% share closely followed by Mumbai at 22%.Read more
Foxconn partners with HCL Group for Chip Venture in India
This venture, referred to in the industry as OSAT (Outsourced Semiconductor Assembly and Test), follows Foxconn's withdrawal from a previous joint venture with India's Vedanta in July.Read more
Acme Group targets $300 mn equity raise for Green Hydrogen Ventures
The company, which recently sold 450-550 MW of power assets to BluPine for $180-200 million, is in the initial stages of appointing investment bankers for the equity funding process, conducted discreetly.Read more
Indian auto exports decline 21% in 2023, passenger vehicles buck trend with 5% growth
This downturn was attributed to monetary and geopolitical crises in various overseas markets. The overall exports totalled 42,85,809 units in the last year, down from 52,04,966 units in 2022.Read more
Hyundai to invest Rs 7,000 cr in Talegaon, marks first venture outside Tamil Nadu
It was a pleasure meeting Kim Unsoo, MD and CEO of Hyundai Motor India (HMI), along with Executive Director J W Ryu and HMI senior officials, said Devendra Fadnavis, Maharashtra Deputy Chief Minister on X.Read more
Strong surge in Indian bus sales: Ashok Leyland, Tata Motors lead growth
From April to December 2023, Ashok Leyland reported a substantial 64% year-on-year surge in the sales of medium and heavy commercial vehicle buses, reaching a total of 11,216 units.Read more
Raptee showcases World’s first high-voltage E-Motorcycle tech born in Chennai
The electric motorcycle showcased the first transparent look at Tamil Nadu Global Investors Meet and is set to be launched in April 2024, promises a thrilling experience for riders with its high-voltage drivetrain and cutting-edge technology.Read more
Sundram Fasteners signs MoU with Tamil Nadu govt for Rs 1,411 cr investment
The planned investment spans up to 2027–2028 and will be used for capacity expansion of existing products, including components for electric vehicles.Read more