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Bangladesh crisis causes major losses to Indian auto manufacturers

Data from the Ministry of Commerce and Industry shows that Indian two-wheeler exports to Bangladesh were 3.6% by value in FY24, down from 3.69% in FY23 and 3.72% in FY22.Read more

India's construction equipment sector to touch $25 billion by 2030; ICEMA

Currently the world’s third-largest market for construction equipment, India’s CE industry is valued at approximately $10 billion (FY24).Read more

FAME -II to focus on consumer aid than direct incentives to EV manufacturers

Launched in 2019 with an initial budget of Rs 100 billion, and later supplemented with an additional Rs 15 billion, the FAME II scheme aims to accelerate electric vehicle adoption in India. Read more

A rundown of the global battery recycling market

As the capacity of li-ion batteries increases, the amount of scrap batteries in production are also piling up fast, making battery recycling a focal point for the market.Read more

Lord’s Automative steering the future with EVs

The EV evolution is shaping customer experiences and addressing key challenges in the sector, says Dr Veer Singh, CEO, Lord’s Automative Pvt LTD.Read more

Tata Motors releases India’s first SUV Coupé; Tata Curvv

Launching on August 7, the Curvv will follow Tata Motors’ strategy and will be first available in its EV version followed by its ICE counterpart.Read more

Carl Zeiss to invest Rs 25 billion in Indian lens manufacturing plant

Carl Zeiss reported Rs 18 billion in business from India last year.Read more

Imperial Auto Industries Ltd buys German metal manufacturer Biebighäuser

Biebighäuser manufactures and supplies components to the largest European OEMs including Volkswagen, BMW and Mercedes. Read more

61% global manufacturers expect AI to drive growth by 2029; ZT report

While digital transformation is a priority for manufacturers, around 30% to 40% of global and APAC, including India, respondents recognise achieving it is fraught with obstacles, including the cost and availability of labour, scaling technology solutions, and the convergence of information technology and operational technology (IT/OT).Read more

Vizhinjam Port to lessen time and costs by 40% for Indian manufacturers

The port, equipped with advanced facilities, including automated operations and modern infrastructure, aims to efficiently handle large ships. Read more

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