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Vadodara power equipment makers see strong growth amid renewable energy boom

Vadodara has been a key player in power equipment manufacturing for five decades, home to around 200 medium and large manufacturers, including major names like ABB, Siemens, and Schneider Electric. Read more

Bharat FIH shuts R&D and supply chain subsidiary amid revenue decline

In 2021, Bharat FIH had established two subsidiaries—Bharat Taiwan Corporation and Rising Stars Hi-Tech—to enhance research, product development, and engineering capabilities. Read more

PG Electroplast enters electric vehicle manufacturing for Spiro Mobility

Spiro Mobility, which recently opened a Global Technology Office in Pune, India, is planning to develop green mobility solutions for the Indian market.Read more

Climaveneta to invest Rs 4 billion in Bengaluru facility expansion

CCT, a leading chiller manufacturer with an order book exceeding Rs 5 billion, aims to double its annual order intake and achieve Rs 10 billion in revenue within the next four to five years.Read more

Schaeffler to lay off 4,700 jobs amid challenges in Europe’s auto sector

Overall, the job cuts will affect around 3.1% of Schaeffler's workforce of 120,000, which increased after its merger with electric powertrain specialist Vitesco.Read more

Schneider Electric replaces CEO Peter Herweck amid disagreements

Herweck, who served as CEO for 18 months, will be succeeded by Olivier Blum, currently leading Schneider's Energy Management division.Read more

Jupiter Wagons shares surge 7% on acquisition of Log9's battery tech assets

The deal includes Log9’s engineering and production teams, as well as its manufacturing facility in Devanahalli, Bangalore.Read more

Mahindra debuts electric origin SUVs named XEV 9e and BE 6e

The SUVs will premiere globally at UNLIMIT INDIA, on November 26, 2024, in Chennai.Read more

L&T wins new orders for power transmission & distribution business

The hub will be a crucial element in Kenya’s grid for ensuring stable, efficient and reliable operations in view of variable renewable energy sources getting added and the high-voltage regional interconnections being established. Read more

RR Kabel to sponsor children’s education through Kabel Star Scholarship Program

The initiative underscores RR Kabel’s commitment to empowering the communities it serves and acknowledges the central role electricians play in creating safe, resilient, and vibrant spaces across India.Read more

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