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Siemens to acquire Mass-Tech Controls’ EV division

Siemens enters into an acquisition with Mass-Tech Controls to acquire EV division of the company strengthening its capability to address fast-growing demand for electric vehicle charging infrastructure in India, expand local market presence, and enable creation of export hub.Read more

Boards agrees to sale Siemens’s motor business to Siemens AG subsidiary

Siemens’s Board of Directors approves sale of low voltage motors and geared motors business to a subsidiary of Siemens AG for Rs 2,200 crore. This transaction consequent to intent of Siemens AG to carve out Innomotics business into a legally separate company.Read more

Cummins wins Excellence in Environment Management CII-ITC Sustainability Awards

Cummins India Limited (CIL) received Excellence in Environment Management award for the Manufacturing Sector at the prestigious CII-ITC Sustainability Awards 2022. The award recognises CIL’s innovative approaches and exemplary results in employing policy and practice to reduce company' environmental impact.Read more

Hyundai Motor India exchanges MoU with TN govt, planning to invest Rs 20,000 Cr

Hyundai Motor India Limited (HMIL) is planning for a long-term investment in the state of Tamil Nadu for over the period of 10 years (2023 to 2032) with a plan to increase production volumes and introduce new electric vehicle models. Read more

Sundram Fasteners shows Rs 500 Cr profit in audited financial results for FY23

The board of directors of Sundram Fasteners Limited announced the audited financial results for the year ended March 31, 2023. It showed the twin milestones of crossing consolidated revenues of Rs 5,000 crores and net profit of Rs 500 crores by the company.Read more

ICEMA annual industry results for FY 2022-23 shows 26 per cent YoY growth

Indian Construction Equipment Manufacturers' Association (ICEMA) released its industry result for the FY 2022-23. The results shows construction equipment sales grew 26 per cent to cross 1 lakh mark with 28.5 per cent growth in domestic sales YoY, and 3 per cent growth in exports.Read more

ABB India automates first India-Bangladesh cross-border oil pipeline

ABB India has supplied Numaligarh Refinery Limited with integrated automation and control solutions to monitor and manage a 130 km cross-border oil pipeline between India and Bangladesh. The project scope includes installing ABB Ability SCADAvantage, Remote Terminal Units (RTU), and a leak detection systemRead more

Schaeffler elevates Vijay Chaudhury as Director of Communications & Marketing for Asia Pacific region

German manufacturer of rolling element bearings, Schaeffler has appointed Vijay Chaudhury as Director of Communications & Marketing – Asia Pacific. Chaudhury was previously serving Head of Communications and Marketing for India, and Head of Press and Media Relations – Asia Pacific positions in the company.Read more

Goldstone Technologies, Quantron AG to forge a joint venture to build digital platforms

Goldstone Technologies Limited (GTL) and e-mobility major Quantron based in Germany are to set up a joint venture (JV) in Augsburg, Germany and Hyderabad to build digital platforms offering sustainability services.Read more

Siemens consortium partners Gujarat Metro Rail Corporation for advanced rail electrification technologies

Siemens Limited equips consortium along with Rail Vikas Nigam Limited for Surat Metro Phase 1 spanning over 40 kilometers and Ahmedabad Metro Phase 2 over 28 kilometers with state-of-the-art rail electrification technologies. Read more

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