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France’s Exxelia acquires 70% stake in Indian magnetic component maker SVM
With this with strategic investment in SVM, Exxelia expands footprint in India and enhances its magnetics offering for medical and adds busbars to its power electronics passive components portfolio.Read more
Sterling Tools partners with GLVAC to boost EV component manufacturing in India
With an expected business impact of Rs 2.5 milllion by FY30, the venture involves an investment of around Rs 400 milllion to establish a new production facility in Bengaluru.Read more
Telangana’s T-Hub partners with Japanese auto manufacturer Denso
With major players like Mahindra & Mahindra, Bharat Forge, Exide, and Amara Raja Batteries setting up advanced manufacturing facilities, the state is transforming into a hub for both traditional automotive components and electric vehicle technologies.Read more
Space startups struggle with limited ecosystem, face high component costs
High tariffs on space-tech solar panels, implemented to curb Chinese imports, further strain startups.Read more
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