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EAM to invest $650 mn to establish EV battery components facility in USA
Epsilon Advanced Materials (EAM), India’s leading battery materials company is looking to power 1 million electric vehicles through its proposed facility in USA. The company commits largest Indian investment in USA’s EV battery industry.Read more
Japan’s Musashi Seimitsu to invest Rs 700 mn in India to make EV components
The company will manufacture 2W E-Axle comprising of motor, PCU, and Gear Box at its Bengaluru plant starting October 2023. It has signed MoU with Bharat New-Energy Company (BNC) to develop drivetrain technology.Read more
FDI in manufacturing increases by 76% due to PLI Schemes
PLI Schemes contribute to increase in production, employment generation, and economic growth. Rajesh Kumar Singh, Secretary, DPIIT made announcement on the significant achievements due to PLI in India.Read more
JCBL-MSL partners with Indian Railways for Vande Bharat Components
The MSL (Mobility Solutions Limited), a part of JCBL Group bags orders worth 100 crores with the objective of elevating the quality of Indian trains by delivering and installing several essential components for the Vande Bharat Express.Read more
Research: 35% of the value of industrial robots comes from servo motors
Based on five years of research into the global industrial robot market, Components in Industrial Robots market report will be released in June 2023.Read more
Mobile robot components market worth $7.4 billion by 2027
A report by Interact Analysis shows Mobile robot component market growth fueled by demand for order fulfillment robots where US currently dominates the mobile robot component market, but China is set to become a strong rival.Read more
Varroc Engineering order win for Rs 5,178 cr includes key seven EV customers
Varroc Engineering bags order for Rs 5,178 crore during FY23 out of which Rs 1,796.8 crore oreder is from EV manufacturers. Company’s consolidated revenue from continued operations was Rs 6,863.1 crore in FY 22-23, registering a growth of 17.4 per cent on YoY basis.Read more
Lokesh Machines sets up factory to make defence, aerospace components in Hyderabad
Machine tool manufacturer, Lokesh Machines is spending more than Rs 100 crore to build a greenfield facility at Hyderabad to manufacture firearms and its accessories.Read more
AMF’s zero-point clamping system in limelight at IMTEX
The Germany-based Andreas Maier GmbH & Co KG (AMF), also a leading global player in the fields of clamping, hand tools and locks highlighted its zero-point clamping system at IMTEX 2023.Read more
Schaeffler India appoints Sumithasri Eranti as Chairperson
Eranti has been an independent director of Schaeffler India Limited Board since 2020. With over 25 years of experience in business leadership, technology, consulting and financial services industry, Eranti brings a wealth of knowledge and experience to her new role. Read more