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The growth of the Indian EV market
The industry has been trying to establish localised supply chains with up to 20-30% component localisation having been achieved mainly for e4Ws.Read more
61% global manufacturers expect AI to drive growth by 2029; ZT report
While digital transformation is a priority for manufacturers, around 30% to 40% of global and APAC, including India, respondents recognise achieving it is fraught with obstacles, including the cost and availability of labour, scaling technology solutions, and the convergence of information technology and operational technology (IT/OT).Read more
L&T focuses on green energy & technological advancement for sustainable growth
In alignment with its commitment to sustainability, L&T announced a $12 billion investment plan over the next five years, with a third earmarked for green energy initiatives. Read more
MSMEs are poised to play major role in India’s economic growth: Milind Barapatre
In this interaction with Rakesh Rao, Milind Barapatre, IEDS, Joint Director & Head of Office, MSME- Development & Facilitation Office (DFO), Mumbai, explains various pain-points of the industry and the role played by his organisation to facilitate the growth of MSMEsRead more
HMS Networks' reveals growth in industrial network market
Wireless solutions still comprise a robust 7% of the total share by type.Read more
SBI projects MSME loans as key growth driver for next 5 years
SBI aims to enhance credit accessibility for small businesses by expanding availability through partner customer service points and QR codes at outdoor touchpoints in the coming months.Read more
Slow local demand & sluggish export growth heavily affect Chinese manufacturing
The US’ ‘decoupling’ with the Chinese supply chain is having notable impacts on China’s manufacturing industry, as some related companies are relocating or duplicating supply chains outside of China.Read more
Abilities India to drive revenue growth with patented technologies
Abilities India announces the patent for its groundbreaking High-Pressure Die Casting (HPDC) process for lightweight piston manufacturing; expected to reduce the weight of 2W/3W pistons by 10-15%.Read more
Mahindra Auto reports a 17% growth in May 2024
The Mahindra Group enjoys a leadership position in farm equipment, utility vehicles, information technology and financial services in India and is the world’s largest tractor company by volume; a strong presence in renewable energy, agriculture, logistics, hospitality and real estate.Read more
Global cobot market exceeds $1bn in 2023; strong growth forecast 2024-28
There has been a clear shift from individual to holistic solutions.Read more