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Himadri Speciality Chemical invests Rs 4,800 cr in Li-ion battery component manufacturing
The company aims to produce 200,000 tonnes of lithium iron phosphate (LFP) cathode active material, contributing to the creation of 100 gigawatt hours (GWh) of Li-ion batteries in phases over the specified timeframe.Read more
NIFCO invests Rs 288 cr in automotive plastic components plant in Karnataka
The company intends to create job opportunities for approximately 400 individuals, with 65% of them being women. The project is slated to be completed over a span of five years, commencing from 2023-24.Read more
PLI scheme: Need for a course correction
The Government of India is reportedly planning to ease some norms for five sectors (textiles, pharmaceuticals, drones, solar and food processing) to help them better utlise the fund under its Production-linked Incentive (PLI) scheme.Read more
Ashok Leyland dealer Automotive Manufacturers expands operations in UP
With the opening of its new 3S facility in Varanasi, Automotive Manufacturers will provide support to Ashok Leyland customers in the region.Read more
Indian govt considers exempting key EV components from localisation norms
However, this new consideration is met with opposition from local players such as Mahindra & Mahindra and Tata Motors, as well as foreign companies with decades-long operations in India.Read more
LAN passive components launched by Finolex Cables, extends its LAN portfolio
These are especially useful in places like data centres, IT networks, conference rooms and branch office connections with high-density switches. Read more
Spark Minda, HCMF forge innovative partnership for Sunroof Solutions in India
Under this collaboration, the two companies intend to leverage advanced technology and cutting-edge manufacturing processes to produce sunroof and closure technology products for passenger cars in India.Read more
Airbus strengthens 'Make in India' with agreements with four Indian suppliers
These contracts pertain to the production of airframe and wing parts for Airbus' A320neo, A330neo, and A350 programs.Read more
Continental ramps up manufacturing in India for connected vehicle technologies
Germany’s Continental expands local production capacities for connectivity and body electronics in tune with growing demand in the country, paving the way for future growth. It is also incorporating smart manufacturing practices to achieve superior production standards while leveraging its skilled workforce.Read more
MeitY considers independent PLI for electronics components manufacturing
It is anticipated that the ministry will engage in discussions regarding this proposal with the Ministry of Commerce and Industry, as well as NITI Aayog, to explore the potential and framework of the scheme.Read more
