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Global Machine Tools Sector: State of Play and Tackling New Challenges

Representatives from machine tool associations – whose manufacturers account for more than 80% of the global machine tool production, gathered at the world’s leading trade fair, EMO Hannover 2023, to demonstrate their resilience and strength in the face of a wide range of global challenges.Read more

The Battery Show India 2023 sparks India's $150 bn energy revolution

India's battery market is set for substantial growth, with a projected 260 GW annually, worth $15 billion. On its own steam, TBSI is estimated to attract over 200 brands, 8000 trade visitors and 50 speakers at the event.Read more

Rockwell Automation acquires autonomous robotics firm Clearpath Robotics

The acquisition of Clearpath will accelerate Rockwell’s end-to-end autonomous production logistics solutions, providing safer, more efficient manufacturing environments for customersRead more

“Price is a bottleneck for the growth and usage of lithium-ion batteries in India”

Best Power Equipments (India) Private Limited popularly known as one of the largest supplier of high-quality UPS to various OEMs widely distributed through corporate partners and system integrators. Sushil Virmani, Managing Director, BPE in this interview with Ayushi Khandelwal tells that lithium ion market is a growing trend in batteries today. India should look to quickly catch-up with the international market in production and distribution terms. Read more

Elgi Equipments announces PAT for first quarter, FY24 at Rs 60.5 crore

Consolidated sales for the first quarter was Rs 724 crore as against Rs 694 crore in the corresponding quarter in 2022-23.Read more

Motherson enters into a partnership with Honda Motor

Company enters into an agreement to acquire 81 per cent stake in Yachiyo Industry, a Honda Motor subsidiary.Read more

EAM to invest $650 mn to establish EV battery components facility in USA

Epsilon Advanced Materials (EAM), India’s leading battery materials company is looking to power 1 million electric vehicles through its proposed facility in USA. The company commits largest Indian investment in USA’s EV battery industry.Read more

Modern Automotive provides special steel engineering solutions to OEMs

Modern Automotives since its inception in 2005 has gradually seen a growth process with its added solutions in the global market. In the growing electric vehicle market, the company recently set its name to export Differential Pinion Shafts to BMW. Aditya Goyal, Managing Director, Modern Automotives Limited, in this interview shares that the company aims to increase export operations to 25 per cent by 2025Read more

BMT turret & tool holder system will drive the future of CNC Machines

Incorporated in 1996, Sphoorti Machine Tools has emerged as one of India’s leading manufacturer of Tool Discs and Tool Holders for any CNC turning and CNC turn mill centres. In this interview, R K Purohit, Managing Director, Sphoorti Machine Tools shares the present status of the company by briefing on the new product developments and industry scenario.Read more

Japan’s Musashi Seimitsu to invest Rs 700 mn in India to make EV components

The company will manufacture 2W E-Axle comprising of motor, PCU, and Gear Box at its Bengaluru plant starting October 2023. It has signed MoU with Bharat New-Energy Company (BNC) to develop drivetrain technology.Read more

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