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Mahindra & Volkswagen comes together for EV Components
In addition to these initiatives, Mahindra is targeting an annual production of 200,000 electric vehicles at its Chakan plant in Maharashtra from 2027 to 2029.Read more
Schaeffler India acquires fast-growing B2B e-commerce platform Koovers
Koovers is a brand of KRSV Innovative Auto Solutions Private Limited. Schaeffler has acquired 100 per cent of the company’s shares via a share purchase agreement.Read more
KKR Acquires majority stake in pallet pooling platform LEAP India
The investment builds on strong macroeconomic tailwinds in India that include a focus on modernising, automating, and optimising efficiencies in supply chains and logistics services.Read more
Festo’s patented VTEM is first digitalised pneumatics platform in the world
The Indian arm of global multinational, Festo is functioning for over two decades in the Indian market. The company has a rich experience with developing new products and solutions over the time meeting the customer demands. R Joshi, Managing Director, Festo India in this interview tells us more about such innovations in digitalisation lead. Read more
Goldstone Technologies, Quantron AG to forge a joint venture to build digital platforms
Goldstone Technologies Limited (GTL) and e-mobility major Quantron based in Germany are to set up a joint venture (JV) in Augsburg, Germany and Hyderabad to build digital platforms offering sustainability services.Read more
Godrej Capital launches Nirmaan, a digital platform for MSMEs
Godrej Capital has partnered with trusted brands like Amazon Global Selling, Onsurity, Zolvit, and MSMEx to provide solutions around core challenges faced by MSMEs and will look to enhance its partner network in the near future.Read more
Dürr and iTAC together develops modular MOM system to bundle digital factory functions
The Dürr Group comes together with its subsidiary iTAC Software to presents a complete, single source solution for production planning and control at the Hannover Messe trade fair at their booth. The Modular MOM system bundles all functional areas of the digital factory together.Read more
ANEVOLVE POWERTRONICS opens factory to make power electronics in Bhiwadi
The cleantech-centric platform of ANAND Group, ANEVOLVE launched its first production facility at Bhiwadi, Rajasthan. The world-class factory powered by AI, ML and interactive equipment will manufacture power electronics for EV chargers, AC/DC converters, inverters, and consumer durables.Read more
Hannover Messe, a leading platform for hydrogen and fuel cells
At the upcoming trade fair, Hannover Messe, running from 17 to 21 April, around 500 companies will be presenting their solutions for hydrogen production, transport, storage and consumption. By 2030, the EU Commission wants to install electrolyzers with a capacity of at least 40 gigawatts to produce 10 million tons of green hydrogen in a phased-in process.Read more
TI Clean Mobility to raise Rs 3000 Cr to fuel its EV platform
TI Clean Mobility Private Limited signed terms with Multiples, State Bank of India and other co-investors to raise capital in the form of Equity and CCPS to Rs 1950 crores. The parent company Tube Investments of India Limited (TII) to invest Rs 750 crore to achieve the total fund raise of Rs 3000 crore. Read more