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EV startup River to open Rs 10 billion manufacturing facility in Telangana
The company has already invested about Rs 2.5 billion in its R&D facility and leased factory in Bengaluru, which has a capacity of 100,000 units per year.Read more
MSMEs urged to leverage opportunities to grow into larger enterprises; IT Secretary
Benefiting from the AI revolution and improving productivity may also involve retrofitting existing manufacturing facilities.Read more
Commercial vehicles to decline 3-6%; two-wheelers to grow 7-9% in FY25 India
Both segments have experienced significant transformations and faced unique challenges over the past few years, particularly in the wake of the COVID-19 pandemic.Read more
Decarbonising seven key MSME sectors could save Rs 370 million yearly
The study was conducted by the Centre for Study of Science, Technology and Policy (CSTEP).Read more
Welspun One raises Rs 22.75 billion to develop warehousing properties
The capital was secured from approximately 800 Limited Partners (LPs) and investors, including high-net-worth individuals, ultra-high-net-worth individuals, family offices, corporates, and domestic institutions. Welspun One plans to utilise this capital to develop warehousing properties. Read more
TI Clean Mobility to launch new EVs despite financial losses
TICMPL reported a revenue of Rs 1.23 billion but incurred a substantial loss before tax amounting to Rs 980 million. Read more
Textile-leather industry hopes for revised inverted duty structure in new Budget
An inverted duty structure discourages domestic manufacturing by imposing higher import duties on raw materials and intermediate goods compared to finished products. Read more
Chinese auto manufacturer BYD to establish $1 bn manufacturing plant in India
Due to its Chinese connections, BYD is partnering with Hyderabad-based Megha Engineering and Infrastructures.Read more
TDF schemes to encourage 'Aatmanirbharta' in public & private defence industries
So far, 77 projects have been sanctioned to various industries, with a commitment of over Rs 3 billion.Read more
Volvo: Despite fluctuations, EVs to be the future
In India, 27,300 electric cars were sold in the first quarter of 2024-25 with no year-on-year growth, while hybrid car sales increased by 38% to 22,300 units.Read more