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India records 54% jump in engineering goods exports in 9M 2021-22

Thanks to the Zero duty Export Promotion Capital Goods (EPCG) scheme, exports of India’s engineering goods jumped to $ 81.8 billion during April-December 2021 (Provisional) as compared to $ 52.9 billion during same period in the previous year (2020), registering a stupendous growth of 54%, said the Union Ministry of Commerce & Industry in a press release. Engineering goods sector constitutes the largest, more than 27%, share of India’s total exports basket during the period.Read more

FPT Industrial showcases promising products at CES 2022

What do future mobility and industrial transportation mean? And what changes will they bring to the daily lives of people and businesses? FPT Industrial showed a lot of promising products in this matter, as it joined the world’s most innovative companies at CES 2022 - held from January 5-8, 2022, at the Las Vegas Convention Center, USARead more

India’s engineering goods exports up 54% in 9M of 2021-22

Engineering goods sector - which constitutes the largest (more than 27%) share of India’s total exports basket - recorded exports of $ 81.8 billion during April-December 2021 as compared to $ 52.9 billion during the first nine months (9M) of 2019-20.Read more

Hero Electric, Mahindra & Mahindra form partnership for electric mobility

As part of the partnership, Mahindra Group will manufacture Hero Electric’s electric bikes – Optima & NYX at their Pitampur plant. Partnership will also enable electrification of Peugeot Motocycles’ portfolio through platform sharingRead more

WardWizard to invest Rs 500 cr in Gujarat for setting up EV ancillary cluster

WardWizard Innovations and Mobility Ltd – one of the leading manufacturers of electric two-wheelers brand ‘Joy e-bike’ has signed a Memorandum of Understanding (MOU) with the Gujarat government to invest Rs 500 crore. Read more

Omega Seiki Mobility forms JV with Korea’s Jae Sung Tech for EV powertrains

The all-electric Ra314 powertrain will be manufactured by Omega Seiki Mobility at its facility in Faridabad and in Pune at its group company, Omega Bright Steel and Components’ facilityRead more

Ashok Leyland partners CVRDE to develop engine for combat vehicles

Ashok Leyland, flagship of the Hinduja group and the largest supplier of Mobility Solutions to the Indian Army, has partnered with Combat Vehicles Research and Development Establishment (CVRDE), a premier establishment of DRDO, to develop and manufacture 600hp indigenous engine to power futuristic combat vehicles under AtmaNirbhar Bharat. Read more

Alstrut displays industrial cobots for automation at ACMEE 2021

Alstrut India showcased its products and solutions at ACMEE - an international machine tools exhibition that was held at the Chennai Trade Centre from December 9-13, 2021. Read more

Guinness World Records created by piloting Volkswagen ID.4 EV across the US

HARTING supported the successful e-mobility road tripRead more

Alstom opens components manufacturing facility in Coimbatore

With an average investment of Euro 25 million, the new site - the largest components manufacturing facility in Asia - is dedicated to improving industrial efficiency in manufacturing components for various prestigious national and international projects.Read more

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