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India's MCE industry set for 70-80% expansion in 5 years: ICRA

The MCE industry, driven by the country’s infrastructure-led growth, has already witnessed a compound annual growth rate (CAGR) of 12% over the past decade (FY2015-FY2024), reaching 136,000 unit sales in FY2024.Read more

Ansys launches high-performance computing data center in Pune

The new data centre enhances computational power for critical R&D and technical simulations, enabling innovation across sectors like aerospace, automotive, and healthcareRead more

Hitachi Energy to invest $250 million in India’s transformer production

In India, the expansion will include significant upgrades to its large power transformers factory and relocation of its bushings factory in Gujarat, alongside enhanced testing facilities for specialty transformers.Read more

Toys“R”Us India to launch locally manufactured toys by mid 2025

Local manufacturing will also enable Toys“R”Us India to optimise pricing. Read more

Exicom acquires US EV charging firm Tritium for $37 million

Tritium specialises in creating hardware and software for DC fast chargers, serving notable clients such as BP Pulse, ChargePoint, and Shell Recharge.Read more

CG Power acquires Renesas Electronics’ RF Components for $36 million

Renesas, a Japan-based leader in advanced semiconductor solutions, generated $56 million in revenue from its RF components business in 2023.Read more

Safran Group to establish defence electronics unit in India to strengthen ties

The strategic dialogue also included discussions on joint development of unmanned sub-surface, surface, and aerial systems, including underwater drones for submarines. Read more

On a fast-track growth

On September 25, 2024, Make in India initiative completed 10 years. Lauding the country’s achievements in manufacturing, Prime Minister Narendra Modi, in a LinkedIn post, described the initiative as a roaring success that has transformed India from a nation reliant on imports to an emerging manufacturing hub. Read more

Ashok Leyland partners with Nidec to develop novel e-drive motors

Ashok Leyland and Nidec will work together to establish a Centre of Excellence (CoE) for Electric Drive Units (EDUs). Read more

G&B completes electrical work for Rs 670 million Mumbai underground metro

The project is expected to reduce city congestion by 15% and contribute to India's 2070 net-zero goal.Read more

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