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Haier Group eyes Rs 10 billion JV with JSW Group
This potential collaboration follows a 2023 JV between JSW and Chinese automaker SAIC Motor, where JSW took a 35% stake in MG Motor India.Read more
Jupiter Wagons shares surge 7% on acquisition of Log9's battery tech assets
The deal includes Log9’s engineering and production teams, as well as its manufacturing facility in Devanahalli, Bangalore.Read more
Suzuki and Toyota to start EV manufacturing in India by 2025
The new model will be built on an EV platform co-developed with Daihatsu, featuring a spacious interior and reliable battery power.Read more
GX Group targets 60% reusable materials in products by 2026
With a manufacturing facility in Manesar and plans to open another in Chennai, GX Group aims to support exports while maintaining its footprint across 5 million homes in India.Read more
Capital-intensive industries drive employment growth in India: Goldman Sachs
India’s manufacturing transformation is being fuelled by reforms, including the Production-Linked Incentive (PLI) schemes, which have played a pivotal role in increasing domestic production, fostering technological progress, and drawing both foreign and local investments. Read more
Six industries drive over half of India’s formal manufacturing GVA: NSO
In FY23, industries such as basic metals, chemical products, refined petroleum, motor vehicles, pharmaceuticals, and food products collectively contributed 52.6% to the manufacturing GVA.Read more
Senvion India to double manufacturing capacity by 2026
Recently, Senvion India introduced a 4.2 MW wind turbine, marking the first 4 MW turbine designed in collaboration with RE Technologies, a German R&D firm with which it holds an exclusive licensing agreement. Read more
Siemens to acquire Altair Engineering for $10 billion
The acquisition is expected to boost Siemens’ digital business revenue by 8%, adding approximately €600 million.Read more
Mahindra debuts electric origin SUVs named XEV 9e and BE 6e
The SUVs will premiere globally at UNLIMIT INDIA, on November 26, 2024, in Chennai.Read more
ABB releases new brand positioning and tagline 'Engineered to Outrun'
The new brand positioning centers around the word “Outrun” and its meaning consists of two parts: Keeping ABB’s partners running consistently at high performance and at the same time helping them constantly run more productively and efficiently so they can outperform. “Leaner” stands for ABB’s global leadership role in automation, improving the productivity and efficiency of every industry’s critical day-to-day operations.Read more