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Bonfiglioli Transmissions inaugurates 100 cr assembly facility in Pune
Spanning 42,500 square meters, the facility, which became operational on November 29, boasts advanced technology and real-time smart assembly processes within an environmentally sustainable and employee-friendly setting.Read more
Siemens to invest Rs 416 crore for expanding manufacturing capacity in India
The company will expand manufacturing capacity of power transformers and vacuum interrupters for medium voltage switchgear. Siemens Ltd has also registered 21% increase in revenue and 53% increase in PAT in FY 2023 (October 2022 to September 2023).Read more
Global belt drives market to reach $9.1 billion by 2030: Report
V-belt drives segment is projected to record 4.3 per cent CAGR and reach $ 5.3 billion by 2030, according to the ResearchAndMarkets report. Read more
FPT Industrial exhibits sustainable solutions at Agritechnica 2023
The company showcased its leadership in the agricultural powertrain sector, based on a proven full-range portfolio covering all applications.Read more
Servotech Power Systems bagged 2649 EV chargers order from BPCL
The manufacturing and production of these AC chargers has already begun and the supply of the chargers will begin from December 15th and will be completed within three months.Read more
Hitachi Energy unveils new emission-free alternative to diesel- powered generators
Hydrogen-powered generator provides megawatts of power and heat for hard-to- decarbonise applications such as construction sites, remote venues, data centres, and hospitals.Read more
CG Power seeks approval for $791 mn semiconductor facility in India
The company relayed this information through a statement to the stock exchange, indicating the submission of the application to the Ministry of Electronics and Information Technology.Read more
Caterpillar to develop hydrogen-hybrid power solution for Off-Highway Vehicles
Caterpillar’s hydrogen-hybrid demonstration project leverages the performance, packaging, and fuel flexibility engineered into the new 13-liter Cat C13D engine platform.Read more
Bosch registers 12.9% profit before tax in Q2 FY 2023-24
Profit after tax (including exceptional items) stood at 24.2 percent of total revenue from operations.Read more
Valeo to supply electric powertrain for Mahindra & Mahindra’s EV program
The total order is close to 1 billion dollars and was already included in the total amount of orders for high voltage powertrain announced in Valeo’s Q3 results.Read more