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Bharat Forge to acquire AAM India Manufacturing for Rs 5.44 billion
The acquisition is subject to approval from the Competition Commission of India (CCI) and other customary closing conditions. Read more
India's automobile exports rise 14% in April-September; Driven by PVs and e2W
In FY24, India’s automobile exports declined 5.5%, totalling 45,00,492 units, compared to 47,61,299 units in FY23, due to global financial pressures. Read more
Delta Electronics hosts Automation Solution Day to showcase IoT solutions
This high-performance system ensures faster production cycles, reduces downtime, and enhances precision in complex stamping operations.Read more
Sales of Indian MCE industry to fall by 5-7% in FY2025: ICRA
Road construction accounts for 35-45% of MCE sales in India, followed by mining (20-30%), real estate (10-20%) and other sectors (railways, water supply, power etc.).Read more
Bonfiglioli invests Rs 3.2 billion in new industry and automation facility
The facility will feature machinery, create 150-200 job opportunities, and cater to growing domestic demand for heavy-duty industrial gearboxes.Read more
Freudenberg expands with €42 million manufacturing plant in Morinda, Punjab
The facilities will cater to key sectors such as automotive and industrial manufacturing, ensuring the company remains competitive by optimising material flows and leveraging modernised equipment.Read more
Indian Railways drives the Indian demand for stainless steel: Tarun Kumar Khulbe
In this interaction with Rakesh Rao, Tarun Kumar Khulbe, CEO, Jindal Stainless delves into the increasing use of stainless steel in Indian Railways.Read more
BYD shifts to import-only strategy in India amid FDI challenges
BYD currently imports three models from China and believes this strategy will sustain its operations in the near term.Read more
India advances military and space ambitions with major orders in September
A key highlight was the Defence Acquisition Council (DAC) approving 10 capital acquisition proposals worth Rs 145 billion, including the procurement of Future-Ready Combat Vehicles (FRCVs) to enhance the Army's mobility and firepower.Read more
India's MCE industry set for 70-80% expansion in 5 years: ICRA
The MCE industry, driven by the country’s infrastructure-led growth, has already witnessed a compound annual growth rate (CAGR) of 12% over the past decade (FY2015-FY2024), reaching 136,000 unit sales in FY2024.Read more