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India's manufacturing PMI slips to 56.5 in November amid rising competition

Input cost inflation reached its highest level since July, with items like chemicals, cotton, leather, and rubber seeing price hikes. Read more

Vadodara power equipment makers see strong growth amid renewable energy boom

Vadodara has been a key player in power equipment manufacturing for five decades, home to around 200 medium and large manufacturers, including major names like ABB, Siemens, and Schneider Electric. Read more

Bharat FIH shuts R&D and supply chain subsidiary amid revenue decline

In 2021, Bharat FIH had established two subsidiaries—Bharat Taiwan Corporation and Rising Stars Hi-Tech—to enhance research, product development, and engineering capabilities. Read more

Industry 4.0 gains momentum in India amid challenges

A recent study by the Indian School of Business (ISB) and Plugin Alliance revealed that 54% of Indian manufacturing companies are already implementing AI and analytics to enhance cost efficiency, product differentiation, and market responsiveness.Read more

BEML’s Q2 profit drops amid weakening demand

BEML’s material costs, which constitute over half of its expenses, rose slightly by 0.2%, while total expenses dropped 7% to Rs 8.2 billion.Read more

L&T expands aerospace focus amid India’s $44 billion space market boom

The first launch of a privately built PSLV is expected in early 2025, with each rocket costing approximately Rs 2 billion.Read more

Schaeffler to lay off 4,700 jobs amid challenges in Europe’s auto sector

Overall, the job cuts will affect around 3.1% of Schaeffler's workforce of 120,000, which increased after its merger with electric powertrain specialist Vitesco.Read more

Schneider Electric replaces CEO Peter Herweck amid disagreements

Herweck, who served as CEO for 18 months, will be succeeded by Olivier Blum, currently leading Schneider's Energy Management division.Read more

Bharat Forge to acquire AAM India Manufacturing for Rs 5.44 billion

The acquisition is subject to approval from the Competition Commission of India (CCI) and other customary closing conditions. Read more

BYD shifts to import-only strategy in India amid FDI challenges

BYD currently imports three models from China and believes this strategy will sustain its operations in the near term.Read more

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