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JSW Group, MG Motor India to launch JV on March 20, Eye Rs 5000 cr investment

The aim of the joint venture is to increase its manufacturing and retail footprint in India. JSW Group is a domestic multinational conglomerate while MG Motor India is owned by Chinese automotive manufacturer SAIC MotorRead more

Compact multi-axis drive, motor drives reshaping low voltage AC drive market

The demand for more modular, compact machinery has increased innovation within the drives market, leading to the development of space-saving solutions, says Brianna JacksonRead more

Emerging technologies in electric vehicles are reshaping lubricant needs

In this interview, Ravi Chawla, MD & CEO, Gulf Oil Lubricants India Ltd, highlights how his company is developing innovative, biodegradable products to meet the evolving needs of industrial customers.Read more

LOHUM ties up with TORK Motors to recycle EV Batteries

LOHUM is TORK's first battery Extended Producer Responsibility (EPR) partner in India as both companies strive to accelerate sustainable e-mobility and scale up a low-carbon EV battery materials supply chain in India.Read more

GTRI urges govt to maintain import duties on smartphone components

The think tank suggested that maintaining the current import tariffs, ranging from 7.5 to 10% on imported smartphone parts, is essential for balancing industry growth and ensuring long-term development.Read more

Pixxel launches MegaPixxel, spacecraft facility in Bengaluru

Encompassing an expansive 30,000 square feet, the MegaPixxel facility serves as a comprehensive hub for Spacecraft Assembly, Integration, and Testing (AIT), consolidating all satellite manufacturing services.Read more

CPSE Capital Expenditure hits 52% of budget target in H1 FY 2023-24

As of September 30, 2023, the achieved expenditure is approximately 51.71% of the estimated full-year expenditure of Rs 7.33 lakh crore for the fiscal year 2023-24.Read more

Tata Motors forecasts 30-40% growth in Indian EV Sales for 2024, unveils 3 New Models

Tata Motors is actively collaborating with CPOs to strategically place charging points along popular routes used by EV users.Read more

Vedanta greenlights Rs 3,400 cr NCDs raise for capital structure enhancement

Last week, Vedanta Resources (VRL), the UK-headquartered parent company of the Vedanta group, announced securing a USD 1.25-billion loan from private lenders to refinance a portion of its $3.2-billion debt maturing in 2024 and 2025.Read more

Tesla's Cybertruck launch sparks optimism for Indian auto component market

Although the US and Canada dominate 54% of the global pickup truck market, initial reports suggest that Tesla's new offering could secure nearly 7% market share in its first year.Read more

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