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Posco Daewoo set to revitalise Indian market with electric mobility, consumer electronics
Apart from electric bikes and e-cycles, the company plans to introduce a range of power and energy products, including solar panels and inverter batteries, as well as consumer electronics such as LED televisions, air purifiers, and refrigerators.Read more
India's growing economy set to outpace China temporarily: IMF
According to Krishna Srinivasan, Director of the Asia and Pacific Department at the IMF, India is projected to account for 18% of global growth by 2028, up from the current 16%.Read more
Hindustan Aeronautics targets global markets with new export division
HAL plans to target various countries, including Argentina, Nigeria, Egypt, and the Philippines, offering its light combat aircraft (LCA) Mk-1A and advanced light helicopter (ALH).Read more
SME IPOs surge in 2023, fuelled by HNIs and Positive Market Sentiment
This heightened interest has led to 139 SMEs raising a substantial Rs 3,540 crore through IPOs up to October 20, outperforming the entire year of 2022.Read more
India aims to lead global hydrogen equipment market, expects $50bn industry by 2030
The report, titled ?Hydrogen Equipment Manufacturing and Services,? outlines the market breakdown, allocating 34% for electrolyser stacks, 62% for Balance of Plant equipment, and 4% for specialised engineering services.Read more
Yokohama accelerates local tire production in India
Yokohama Rubber, operating in India through a wholly-owned subsidiary, is constructing a new facility in Visakhapatnam, supplementing its existing plant in Bahadurgarh, Haryana.Read more
VinFast Auto explores Indian manufacturing, eyes entry into EV market
VinFast Auto proceeds with this investment plan, it would mark a significant milestone as the first Vietnamese automaker to establish a presence in India.Read more
Arrest of Lava International founder shakes mobile manufacturing industry
ICEA chairman Pankaj Mohindroo expressed deep concern, acknowledging the plummeting morale within the industry and the discouragement felt by national champions.Read more
Indian cold chain market expected to reach Rs 4.3 tn by 2027 with a CAGR of 14.27%
The data revealed during REFCOLD India, 2023, South Asia's leading exhibition and conference dedicated to refrigeration and cold-chain technologies, commenced at the Chennai Trade Centre.Read more
Maruti Suzuki targets record exports and expands electric portfolio
Maruti Suzuki plans to gradually expand its range of vehicles running on alternative fuels. To achieve this, the company intends to incorporate hybrid or electric vehicles into its export offerings.Read more