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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
Ceat’s EV tyres to power MG Motors latest electric vehicles, Comet
Ceat is committed towards innovative and high-quality tyre solutions for the growing electric vehicle (EV) market in India and in this lead the company has come together with MG Motors for the launch of the MG Comet, the newest EV in India.Read more
Siemens to acquire Mass-Tech Controls’ EV division
Siemens enters into an acquisition with Mass-Tech Controls to acquire EV division of the company strengthening its capability to address fast-growing demand for electric vehicle charging infrastructure in India, expand local market presence, and enable creation of export hub.Read more
Celeros FT to sell its Filtration business unit to London’s Px3 Partners
Celeros Flow Technology under an agreement has announced to sell its Filteration business unit to private equity firm of London Px3 Partners. BofA Securities is serving as financial advisor, Ernst & Young is serving as tax advisor to Celeros FT.Read more
Human will remain the master even in the factories of the future
In this interview with Rakesh Rao, Anup Wadhwa, Director, Automation Industry Association, highlights the challenges and opportunities before Indian manufacturers as they take steps towards smart manufacturing.Read more
Plant Documentation 4.0 – an essential enabler for Industry 4.0
Digitalised plants and processes can only be reliably administered if documentation is available that reflects the current status of the production plants. In many places reality is still far removed from Plant Documentation 4.0 – despite the fact that it is just as essential to the success of Industry 4.0 as the necessary communication techniques and all security concepts, says Martin Dubovy, and Evelyn Landgraf.Read more
German Vice Chancellor Habeck visited Flender’s booth at Hannover Messe, 2023
Good to see that much of the industrial production in the field of renewables stays in Germany,” said Dr Robert Habeck, Vice Chanceller of Germany when visited Flender. He also discussed challenges and requirements for energy transition in Europe with CEO of Flender, Andreas Evertz.Read more
Eaton launches Tech Day 2023 campaign showcasing cutting-edge technologies
The power management company Eston launches the campaign Tech Day 2023 under which will showcase Eaton's latest products from different business verticals—electrical, vehicle, and aerospace inside a trailer.Read more
Greening Enterprise Eco system, SIDBIs dedicates Mission 50K-EV4ECO
Small Industries Development Bank of India (SIDBI) with the aim to strengthen the EV ecosystem, launched Mission 50K-EV4ECO which will unlock the market by providing better financing terms for electric two- wheeler, three-wheeler, and four-wheeler (2W, 3W and 4W) vehicles purchase. Read more
“Poor security is no security” is the philosophy of Safcon
Safcon Seals Pvt Ltd is an indicative and barrier seals manufacturer. Rajesh Kumar Banka, Managing Director, Safcon Seals is in security seal business for over 25 years. In this interview, Banka tells about his innovations with security seals during the past two decades, adding details about patented products and export operations of the company. Indian market offers great opportunities but is very competitive, he adds sharing about the growth plans of Safcon. Read more