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Govt plans PLI Scheme updates, boosting sectors like pharma, drones, textiles

Additionally, the official disclosed that the disbursement of PLI incentives for white goods, including air conditioners and LED lights, is set to commence this month.Read more

August sets new record for domestic passenger vehicle sales in India

Utility vehicles like Brezza, Grand Vitara, Jimny, Ertiga, and XL6 experienced a substantial two-fold increase with sales surging from 26,932 units in August of the previous year to 58,746 units.Read more

Increased electric power generation solutions demand rises Perkins® 4000 series sales

India is now the second largest consumer of Perkins® 4000 Series engines in the world, due to the rapid rise in standby and prime electric power generation solutions for data centres and the growing infrastructure development projects underway across the country.Read more

Semiconductors sales slump strikes South Korea and Taiwan

Global demand for semiconductors has plummeted this year, hitting the heavily specialised manufacturing economies of South Korea and Taiwan particularly hard says Adrian Lloyd, CEO, Interact Analysis.Read more

Elgi Equipments announces PAT for first quarter, FY24 at Rs 60.5 crore

Consolidated sales for the first quarter was Rs 724 crore as against Rs 694 crore in the corresponding quarter in 2022-23.Read more

Vipul Organics’ annual results for FY23 shows increased sales by 35% Y-o-Y

Vipul Organics, the Specialty Chemicals company in the pigments and dyes segment, announced their annual results. Total Revenues marginally up despite multiple headwinds. On a standalone QoQ basis, Q4 revenues up by 12.37%, PAT up by 181%.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

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

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