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Hyundai, IIT-M join forces for Rs 180 cr Hydrogen Valley Innovation Hub in Chennai

The memorandum of understanding, signed during the recent Global Investors Meet, involves Hyundai Motor India, IIT-Madras, and Guidance Tamil Nadu, the state government's investment promotion agency.Read more

Raptee showcases World’s first high-voltage E-Motorcycle tech born in Chennai

The electric motorcycle showcased the first transparent look at Tamil Nadu Global Investors Meet and is set to be launched in April 2024, promises a thrilling experience for riders with its high-voltage drivetrain and cutting-edge technology.Read more

Sundram Fasteners signs MoU with Tamil Nadu govt for Rs 1,411 cr investment

The planned investment spans up to 2027–2028 and will be used for capacity expansion of existing products, including components for electric vehicles.Read more

TN secures $4.39 bn investments from Apple, Hyundai, and more

Key deals signed include a $1.4 billion investment by JSW Energy in renewable energy projects, a $1.5 billion investment by Tata Electronics in mobile phone assembly operations, and a nearly $125 million investment by Nike shoemaker Hong Fu.Read more

Boeing to invest Rs 300 cr in Chennai Engineering Center, creates over 1,100 jobs

The formal announcement of this investment, facilitated through a Memorandum of Understanding (MoU), is expected to take place during the upcoming two-day Global Investors’ Meet in Chennai.Read more

ArcelorMittal, IIT Madras forge partnership for Asia's first hyperloop test track

Both ArcelorMittal and ArcelorMittal Nippon Steel India (AM/NS) are contributing foundational steel materials, along with their engineering, design, and project management expertise to facilitate the development of the Hyperloop test track.Read more

Coimbatore secures Rs 7,814 cr investments as industries minister seals MOUs

More than 210 companies have expressed interest in investing approximately Rs 6,573 crore in Coimbatore in the upcoming years.Read more

Cyclone Michaung paralyzes Chennai: Major industries. IT hubs grapple with floods

The production at six prominent auto component units, including Lucas TVS, Wheels India, Sundram Fasteners, Sundaram Clayton, and Brakes India, faced disruptions for the third consecutive day.Read more

JSW Group enters JV with SAIC Motor for EV manufacturing in India

The newly established entity, in which JSW Group will hold a 35% stake. The remaining ownership distribution is yet to be finalised.Read more

Swedish Robotics Firm RSP to launch manufacturing in Chennai

The Indian subsidiary, named Scandinavian Robot Systems India Private Limited, has been officially registered in Chennai.Read more

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