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Govt selects 4 bidders for PLI scheme for ACC battery storage

The government expects direct investment of around Rs 45,000 crore in Advanced Chemistry Cell (ACC) battery storage manufacturing projects.Read more

Shakti Pumps launches 4-inch plug and play submersible pumps

Shakti Pumps India Ltd, India's leading manufacturer of energy efficient pumps and motors, has added yet another innovative solution to its product portfolio with launch of a 4-inch Plug and Play Submersible Pumps. Read more

NORD on a growth drive with innovative products

Thanks to innovative new products and comprehensive investments – the largest in the company’s history so far – the drive specialist NORD DRIVESYSTEMS increased its sales by almost 18% in 2021, compared to 2020. In 2022, customers can look forward to innovative and advanced drive solutions.Read more

Marelli supplies inverter for new BMW CE 04 electric scooter

The system, a key technology in electric vehicles, is developed and produced in-house by Marelli, that will also provide the related software.Read more

Schwing Stetter signs MoU with HPCL & Gulf Oil for lubricants

Schwing Stetter India, one of India’s largest manufacturers of concreting and construction equipment, has joined hands with Gulf Oil and HPCL to launch a range of genuine oils for construction equipment. Read more

LANXESS partners Siemens for supply of automation systems

Global specialty chemicals firm LANXESS is securing strong support on its growth path and intensifying its long-standing cooperation with Siemens. Read more

Ashoka Bearing will achieve 25% growth this year

The rising demand for bearings across various end-user segments like automotive, machine tools, precision engineering, advanced medical equipment as also different types of bearings for use in extreme conditions, is expected to drive the growth of this industry. Read more

Geared motors market on a smooth ride

Machinery manufacturers are the main consumers of geared products. Conveyor manufacturers, who were the largest market for geared products in 2020, are expected to see strong growth in the coming years driven mainly by the logistics and factory automation sectors, says Shirly Zhu.Read more

Tata Motors to set up vehicle scrapping facility in Maharashtra

Tata Motors, India’s largest commercial vehicle manufacturer, signed a Memorandum of Understanding (MoU) with the Government of Maharashtra, through the Industries, Energy and Labour Department, Government of Maharashtra, with an intent to support setting up a Registered Vehicle Scrapping Facility (RVSF) in Maharashtra. Read more

Geared products market to reach $14 bn by 2025: Report

While China continues to be the largest market for industrial geared products, SEW Eurodrive retain the largest share of the market, says Interact Analysis reportRead more

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