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Ministry targets July 2024 for certification of 85 Applicants in automotive PLI scheme

The Ministry of Heavy Industries (MHI) plans to initiate the disbursement of incentives under the scheme in the financial year 2025.Read more

Anand Group to invest Rs 987 cr in Tamil Nadu for automotive manufacturing

The Group formalised this commitment by signing a Memorandum of Understanding (MoU) with the state government during the recent Tamil Nadu Global Investors Meet 2024 in Chennai.Read more

Kinetic Green appoints S Sundareswaran as Director of Manufacturing & Operations

In his new role, Sundareswaran will spearhead the direction and monitoring of plant performance to support the organisation's objectives. His responsibilities will encompass leadership in production, quality assurance, supply chain management and manufacturing engineering activities.Read more

Ola Electric secures PLI certification, paving the way for subsidies, boosting EV affordability

This achievement marks Ola Electric as the first Indian electric two-wheeler (e2W) company to secure certification under the PLI scheme, with the ministry reportedly granting approval on December 27 after a four-month process.Read more

Adding new dimension to manufacturing

When the Indian Space Research Organisation (ISRO) was looking to procure spacecraft’s grid-fins for its Gaganyaan mission, India’s first human space mission that is scheduled for a launch in 2024, it turned to a Bengaluru-based aerospace component maker that uses additive manufacturing (3D printing) technology. Read more

Fronius India celebrates the success of FACT-Batch 4 Valedictory Programme

Fronius India organises skilling project aimed to recognise and reward participants for their hard work and accomplishments, particularly for selecting welding as a career.Read more

Luxinar debuts SR series of sealed CO2 laser sources at IMTEX Forming

Luxinar specialises in manufacturing CO2 laser sources for industries worldwide, including automotive, electronics, e-mobility, glass, packaging and textiles. On its stand at IMTEX Forming 2024, company will showcase the SR 15i, with an output power of up to 175W.Read more

Indian Auto Component Industry grows by 36.1 bn in first-half of FY 2023-24

Automotive Component Manufacturers Association of India announces industry performance review for the first half of fiscal year 2023-24 which shows growth in exports and imports by 2.7 per cent and 3.6 per cent respectively.Read more

International Seminar on Forming Technology to held prior IMTEX Forming exhibition

With a view to highlight advancements in forming technologies and its applications IMTMA is organising a one day “International Seminar on Forming Technology” on January 18, 2024, a day before IMTEX Forming 2024 exhibition.Read more

85% industry revenue comes from sale of components to domestic vehicle OEMs

In the domestic market, passenger vehicle (PV) OEMs contributed more than 46% to the component industry's revenue, followed by two-wheeler manufacturers at 19%, and Medium and Heavy Commercial Vehicle (M&HCV) at 7%.Read more

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