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LAPP FY24-25: Slight decline in sales, but strong investments

LAPP Group has not been spared from the weak global economy. Read more

Booming in construction and auto sales driving dies and molds demand in India

Automation is increasingly being adopted in the die-casting process to enhance efficiency and reduce production costs, according to the Technavio report.Read more

Altem Technologies appoints Shamsundar Naik as new Vice President of sales

In his previous roles besides several strong engagements in the manufacturing and engineering services sector, Shamsundar has also significantly influenced the academic sector, championing the shift from traditional engineering tools to cutting-edge 3D CAD software at prominent technical universities. Read more

Gadkari suggests vehicle scrapping to boost auto sales by 18-20%

Currently, India has 63 scrapping centers and 78 fitness centers, with plans for more.Read more

SUV sales grew by 11% YoY for April- July 2024; New Auto

Hatchbacks, despite consistently accounting for 22% of annual traffic, have seen a decline in sales, indicating that while they remain popular in consumer searches, the conversion to actual sales is less efficient compared to the SUV segment.Read more

Cummins India total sales stand at Rs 22.62 billion for June quarter

Exports sales at Rs 3.89 billion decreased by 22% compared to the same quarter last year and increased by 13% compared to the previous quarter. Read more

Slow progress hampers development of electronic manufacturing at Tuem

The commissioning of a 33/11kV substation, built at a cost of Rs 428 million, is significantly delayed. Read more

Policies to increase e-buses sales to 75-80% this fiscal; CRISIL Ratings

These schemes include Faster Adoption and Manufacturing of (Hybrid and) Electric Vehicles (FAME) (1 and 2), National Electric Bus Programme (NEBP) under Convergence Energy Service Ltd (CESL) (1 and 2), and PM-eBus Sewa Scheme.Read more

Policy push and new technologies to drive electrical vehicles sales in India

Though the electric vehicle (EV) penetration in India is only 6.8 per cent (in FY24), the growth opportunity in the EV sector is only going to go up in the future driven by shifting consumer preferences, strong governmental support and technological progress, says Rakesh Rao.Read more

Joel George appointed as Kinetic Green VP Sales of 3-wheeler business

Kinetic Green is a pioneering and established OEM in India’s E3W and E2W space. Read more

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