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Siemens to acquire Mass-Tech Controls’ EV division
Siemens enters into an acquisition with Mass-Tech Controls to acquire EV division of the company strengthening its capability to address fast-growing demand for electric vehicle charging infrastructure in India, expand local market presence, and enable creation of export hub.Read more
Ripplr raises $40mn in series B funding round
Bangalore-based tech distribution and logistics startup, Ripplr has raised $40 million in a Series B round of funding. The company will utilise the funds to strengthen its supply chain tech platform, grow its team, and expand into newer geographies.Read more
Phoenix Contact unveils single pair ethernet connectors, IP20 & IP67
The German company, Phoenix Contact is a manufacturer of industrial automation, interconnection, and interface solutions. It showcases its Single Pair Ethernet (SPE) connectors which are ideal for efficient data transmission in factory and building automation systems.Read more
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
Why do warehouses hurt air quality and neighborhood noise levels?
Air and noise pollution from warehouses can reduce the value of homes, increase wear on roads and expose neighborhoods to excess amounts of greenhouse gas emissions. However, there are solutions to these problems, writes Emily Newton.Read more
ABB’s new facility for energy efficient drives has over 50% women technicians
ABB India, the technology leader in electrification and automation opened an enhanced facility strengthens local manufacturing to meet domestic and global demands for variable speed drives which can typically reduce power consumption by up to 25 per cent.Read more
Tata Technologies signs MoU with TiHAN-IIT Hyderabad for SDVs, ADAS systems
Tata Technologies has signed a Memorandum of Understanding (MoU) with TiHAN IIT Hyderabad, to collaborate in the areas of Software Defined Vehicles (SDV) and Advanced Driver Assistance Systems (ADAS).Read more
Ultra-low voltage drives market to grow to $3.1 billion by 2027
Interact Analysis report shows a global ultra-LV drives market worth $753 million in 2021. AMR/AGV sector driving revenue growth for ultra-LV drives, accounting for 11 per cent of total market revenues in 2022, stated the report. Three companies currently dominate the market, but is likely to change. Read more
Daimler India Commercial Vehicles shows strong revenue and sales in 2022
Daimler India Commercial Vehicles achieved sales volume growth of 25 per cent in 2022 with total 29,470 vehicle sales. 200,000 cumulative vehicles produced in Oragadam plant, with highest-ever vehicle exports, parts sales and domestic sales in the year. Read more
B&R unveils ospVFFS solution for vertical form, fill and seal machine
The new solution enables machine builders to reduce machine development time, improve efficiency, minimise maintenance and benefit from a cost-effective solution.Read more