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Continental India celebrates production of 50 mn wheel speed sensors
The localisation efforts substantially benefited from the safety regulations introduced in April 2019 - mandating Anti-lock Braking System (ABS) in all the passenger cars and 2-Wheelers upwards of 125 CC caused a spike in demand for wheel speed sensors.Read more
October exports show degrowth of 5.4 per cent due to supply challenges: FIEO
FIEO also observed that the current industry is also showing signs of revival as both order booking position and Manufacturing PMI have risen.Read more
Extend PLI scheme to MSMEs to boost electronic manufacturing in India: Study
According to a research study of MVIRDC World Trade Center Mumbai, government should reduce the investment limit under the PLI scheme for select electronic components to Rs 200 million from Rs 1,000 million to allow MSMEs to participate in this scheme. Read more
Tata Tech, GKN Automotive set up engineering center in Bangalore for E-mobility
The centre will leverage Tata Technologies’ expertise in electric and embedded systems as well as its ability to attract India’s software engineering talent to work on GKN Automotive’s next-generation e-Drive technologies, reshaping the future of sustainable e-mobilityRead more
MORTH defers new CEV emission norms to April 2021
The deferment for six months will definitely give some relief to these equipment manufacturers in preparing for the new emission regime.Read more
IPF Buyer-Seller Summit: Fulfilling Make in India goals
The virtual Summit - which saw participations from Defence Investor Sell (MoD), SAIL, Hindustan Aeronautics Ltd, Godrej & Boyce and Vedanta Aluminium - enlightened vendors about procurement strategies of big buyers and help MSMEs be part of their supply-chain.Read more
Road Transport Ministry notifies draft on proposed safety standards for CEV
The newly proposed standards eyes to establish various safety requirements for CEVs. This is expected to provide safety of the operator and to ensure safety while such machines are running on public roads along with other vehicles.Read more
JCB Group appoints Deepak Shetty as Deputy CEO & MD in India
Beginning next year, Deepak will take over as MD and CEO from Subir Kumar Chowdhury, 61 years, who has announced his retirement after his 15-year stint with JCB India.Read more
Escorts Q1 profit up by 5.3 per cent to Rs 92.2 crore
In this prolonged pandemic, the company is finding new ways to connect with its customers to provide uninterrupted service.Read more
ReNew Power to invest upto Rs 2000 Cr for solar cells and modules manufacturing facility
In this endeavour, the company’s manufacturing unit will have capacity of 2GW.Read more