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Boards agrees to sale Siemens’s motor business to Siemens AG subsidiary

Siemens’s Board of Directors approves sale of low voltage motors and geared motors business to a subsidiary of Siemens AG for Rs 2,200 crore. This transaction consequent to intent of Siemens AG to carve out Innomotics business into a legally separate company.Read more

Daimler India Commercial Vehicles shows strong revenue and sales in 2022

Daimler India Commercial Vehicles achieved sales volume growth of 25 per cent in 2022 with total 29,470 vehicle sales. 200,000 cumulative vehicles produced in Oragadam plant, with highest-ever vehicle exports, parts sales and domestic sales in the year. Read more

WEMO expands market presence in India with Amit Upreti as VP Business Development

Amit Upreti joined Netherlands-based company, WEMO Special Projects in February, 2023. The company announced in a statement that the appointment of Upreti as Vice President Business Development in WEMO has brought a good growth for the company in Indian market. Read more

Schneider Electric unveils sustainable energy solutions at Elecrama, announces Rs 1400 Cr investment

European MNC, Schneider Electric celebrates its 60 years in India. At Elecrama 2023, it showcased a wide range of energy management and next-gen automation solutions, reaffirms commitment towards Atmanirbhar Bharat and announced an investment of Rs 1400 crores to increase its manufacturing footprint by building five new factories.Read more

WAAREE Energies to start freedom sale in solar sector via e-commerce store

The sale is scheduled to start on October 14, 2022, offering offering a comprehensive range of solar energy products, energy storage, solar water pumps inverters, and cables.Read more

The changing dynamics of material handling market

In spite of robust industry growth, number of modern material handling equipment (MHE) sold in India (especially the modern equipment) are very small compared to developed countries. This presents huge opportunities for MHE makers who can provide cost-effective, high-quality innovative solutions to the end-user industries, says Rakesh Rao. Read more

Superior material handling critical and in-demand equipment

Linde Material Handling develops high-performance material flow solutions tailored to individual customer needs, with which users are able to achieve sustainable competitive advantages. The company is one of the world's largest manufacturers of forklift trucks and warehouse equipment and has been setting standards for solutions for industrial trucks, fleet management, driver assistance systems, and service offerings for more than 50 years. A quick overview of material handling gear and equipmentRead more

Construction equipment sales in India drops by 23% in Q3 FY22: ICEMA

The construction equipment sales suffered on account of multiple factors, the most noteworthy being the significant slowdown in road construction activity, according to the Indian Construction Equipment Manufacturers Association (ICEMA).Read more

Best Power Equipments achieves 12 per cent sales growth in Modular UPS & Data Centre solution

Flexibility and redundancy is of high importance in power solution as these sectors need a high-density UPS with maximum capacity of 1000 kwRead more

Escorts Ltd. announces Q3 profits up by 9.2 per cent at Rs 153.1 crore

With new budget company will focus on agriculture and infrastructure segmentsRead more

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