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India can do with AI what China did to manufacturing; Ola CEO Bhavish Aggarwal
According to the latest IDC report, spending on AI and generative AI (GenAI) in India is projected to reach $6 billion by 2027, growing at a compound annual growth rate (CAGR) of 33.7%.Read more
Ashok Leyland wins contract for 2104 fully built buses from MSRTC
Maharashtra State Road Transport Corporation (MSRTC) is one of the largest state transport undertakings in the country with over 15,000 buses.Read more
Lava to detach manufacturing arm into independent entity
Lava, which has struggled to meet its PLI targets since the scheme's inception in 2020-21, is optimistic about a turnaround with the new incentive package for component production.Read more
Havells India to invest Rs 3.75 billion in cable manufacturing plant expansion
The expansion will be carried out in phases, with the new capacity expected to be operational by March 2026. Read more
EV startup River to open Rs 10 billion manufacturing facility in Telangana
The company has already invested about Rs 2.5 billion in its R&D facility and leased factory in Bengaluru, which has a capacity of 100,000 units per year.Read more
Govt reopens application window for PLI scheme for AC & LED light manufacturing
This application period will run from July 15, 2024, to October 12, 2024, in response to increased industry interest.Read more
India’s MSME employment surpasses 200 million, spikes 66% in 1 year
Out of the total reported jobs, approximately 45.4 million were held by women employees.Read more
EESL nearing phase 1 completion of lithium-ion cell manufacturing by fy year-end
EESL's scope includes producing, assembling, and commercialising battery modules and packs for both mobility and grid-based applications, addressing the growing demand for lithium-ion batteries and storage solutions.Read more
Chinese auto manufacturer BYD to establish $1 bn manufacturing plant in India
Due to its Chinese connections, BYD is partnering with Hyderabad-based Megha Engineering and Infrastructures.Read more
Forward Manufacturing Company Pvt. Ltd. inks pact with France’s Pernat Industrie
As part of this JV, Forward and Pernat will collaborate to introduce new technologies to the Indian automotive, aerospace, and defence industries.Read more