McKinsey & Company and the Automotive Component Manufacturers Association of India (ACMA) project that India’s auto component sector will grow to USD 200 billion by FY 2030. The report, Shaping the Future of India’s Auto Component Industry Amid Global Trade Shifts, was released at ACMA’s 65th Annual Session in New Delhi. According to the McKinsey-ACMA […]
Tata Technologies has announced the acquisition of Germany-based ES-Tec Group for EUR 75 million in an all-cash transaction. The company said the deal will expand its engineering capabilities in Europe, with completion subject to regulatory approvals in Germany, Morocco and other jurisdictions. The acquisition is expected to close by December 2025. Tata Technologies will acquire […]
Kolkata-based Titagarh Rail Systems Limited (TRSL) has launched the third Diving Support Craft (DSC) for the Indian Navy. The vessel is part of a five-craft series under construction at TRSL, intended to support underwater operations such as repair, maintenance, and salvage inside and around harbours. The craft was launched into the Hooghly River on 12 […]
Facil, a Belgium-based automotive fastener solutions company, has opened a warehouse in Bangalore, Karnataka, in the past few days. The facility is intended to enhance service capabilities for the Indian automotive market. The branch office in Bangalore, which serves as the company’s base in India, was set up around five months ago. The warehouse is […]
Neuver Maritime has signed a market representative agreement with Varya Tech Private Limited, formerly known as Norinco Pvt. Ltd, to expand its presence in India. The agreement is aimed at strengthening Neuver Maritime’s support for customers in the country’s maritime and shipbuilding sector. “Varya Tech is the perfect match for us, with deep roots in […]
Johnson Electric has opened a new facility in Pillaipakkam, Chennai, covering more than 10,000 square metres. The site is intended to strengthen the company’s manufacturing capabilities and will gradually ramp up operations over the next 15 months with advanced assembly lines and integrated production systems. In addition to manufacturing, the site will house the Johnson […]
Hitachi Construction Machinery announced it will set up a Global Development Centre in Hubballi–Dharwad, Karnataka, which is expected to employ 200 engineers by 2027. The company selected Dharwad over competing international locations in Southeast Asia. During discussions with a Karnataka government delegation in Tokyo, Hitachi officials stated that the company’s Dharwad unit has already become […]
Suryadipta Projects Pvt Ltd, Thane, launched the eleventh Ammunition Cum Torpedo Cum Missile (ACTCM) Barge, LSAM 25 (Yard 135), on 8 September 2025. The launch ceremony was attended by Rear Admiral Vishal Bishnoi, Assistant Chief of Warship Production & Acquisition. The contract for the construction of 11 ACTCM barges was awarded to the MSME shipyard […]
Beekay Steel Industries Ltd has commenced commercial production at its new manufacturing facility in Cuttack, Odisha. The unit was acquired from Maheshwari Ispat Ltd and is structured into four divisions with distinct production capacities. The Cuttack facility includes a billets division with a capacity of 130,000 tonnes, a silico manganese division with a capacity of […]
Vedanta Limited has invested more than INR 125 billion to expand its metal manufacturing capacity in support of India’s electric vehicle sector. The investment covers aluminium, zinc, ferrochrome and steel, with projects including aluminium smelter expansion, zinc alloy plants, and ferrochrome production facilities. The company said the capital expenditure focuses on critical materials for EVs […]
