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The Rise of India’s Construction Equipment Industry
Driven by increased government spending, rapid urbanization, technological advancements, and the 'Make in India' initiative, the RAHSTA (road) ahead for the construction equipment (CE) industry is bright with full of possibilities and opportunitiesRead more
CG Power acquires Renesas Electronics’ RF Components for $36 million
Renesas, a Japan-based leader in advanced semiconductor solutions, generated $56 million in revenue from its RF components business in 2023.Read more
On a fast-track growth
On September 25, 2024, Make in India initiative completed 10 years. Lauding the country’s achievements in manufacturing, Prime Minister Narendra Modi, in a LinkedIn post, described the initiative as a roaring success that has transformed India from a nation reliant on imports to an emerging manufacturing hub. Read more
GE Aerospace plans significant increase in component sourcing from India
Currently, approximately 1,300 GE Aerospace and CFM engines are operational within Indian carriers. Beyond commercial aviation, GE Aerospace’s defence systems are vital in India, powering platforms such as the Indian Air Force’s Light Combat Aircraft (Tejas Mk1) and various naval aircraft and battleships. Read more
MR Components banks on EMAG machines for quality and efficiency
MR Components relies on intelligent automation with EMAG machines and benefits from unmanned production in the evening hoursRead more
Bain Capital to invest in auto component maker RSB Transmissions
Bain Capital, a multi-asset alternative investment firm, invests across various asset classes, including private equity, credit, public equity, venture capital, real estate, life sciences, and insurance. Read more
Indian EV market expected to grow at over 40% CAGR till 2027: Niveshaay
The EV sales volume in India could touch around 3-4 million units by 2025 and 10 million by 2030.Read more
Goyal urges auto component makers to seek investment from EFTA countries
The minister urged the industry to create a road map to become the world's largest auto market, combining organic growth with international outreach. Read more
India's auto comp industry to triple to $200 billion by 2030
By 2030, sales to original equipment manufacturers (OEMs) could grow to $89 billion, while exports may soar to $100 billion, representing a CAGR of 30%.Read more
Pritika Group targets Rs 9.5 billion in 3 years with Rs 6.5 billion order book
The company also reported a consolidated EBITDA of Rs 541 million, reflecting its operational efficiency.Read more