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DGTR initiates probe into extending anti-dumping duty on Chinese aluminium alloy wheels
Companies such as Kosei Minda Aluminium Company, Maxion Wheels Aluminium India, Minda Kosei Aluminium Wheel, and Steel Strips Wheels have jointly submitted an application representing the domestic industry.Read more
NITI Aayog member advocates adjustments in centre's PLI Scheme
Speaking at the National Conference on India's Industrial Transformation in New Delhi, NITI Aayog member and experienced economist, Arvind Virmani highlighted the scheme's effectiveness for industries like electronics and telecom, where China dominates ovRead more
More than half of India?s vehicles will be electric by FY33, Axis Capital Research
A progressive recasting of PLI for battery manufacturing is critical to spur EV battery making in India, concludes Nishit Jalan, Lead Analyst ? Automobiles at Axis Capital Research after a several-months-long study of the evolving global EV battery ecosysRead more
Global Machine Tools Sector: State of Play and Tackling New Challenges
Representatives from machine tool associations – whose manufacturers account for more than 80% of the global machine tool production, gathered at the world’s leading trade fair, EMO Hannover 2023, to demonstrate their resilience and strength in the face of a wide range of global challenges.Read more
BPE inks 3 international collaborations to strengthen its Southeast Asian outreach
BPE recently entered separate collaborations with China-based Eternal Asia (S) Pte Ltd (EA), Vietnam-based IDC Group and the Philippines-based Business Partners Enterprise Inc (BPEIP).Read more
Asus boosts Make-In-India with key manufacturing shift from China to India
With a market valuation of $15 billion, Asus is aggressively expanding its production operations in India, leveraging the government's PLI scheme.Read more
India triumphs in Global Manufacturing, BCG Study Reveals
A BCG study titled 'Navigating the Transformative Shifts in Global Manufacturing’ revealed a remarkable surge of $23 billion in exports to the US, a staggering 44% increase from 2018 to 2022.Read more
With automotive supply chains stabilising, focus on sustainability expected to rise back up automakers’ agendas
A report by Capgemini Research Institute shows that the auto organisations are more confident to tackle future supply chain disruptions, having slashed backlog orders by 61%. A further 39% reduction is predicted in the next year.Read more
EV Battery prices drop 10% in August amidst dampened demand
As reported by market research firm TrendForce, the average price drop for cells used in EV batteries reached 10%, underscoring a lackluster growth trend in the EV battery market.Read more
India's Tech Manufacturing Surge: Laptop production soars, creates jobs, investments
While India witnessed a remarkable 14-fold increase in smartphone production over the span of eight years, the nation has now shifted its focus to the realm of laptops.Read more
