Talbros Automotive Components Limited (TACL), along with its joint venture partners, has secured orders valued at approximately INR 5.8 billion. The orders, which cover both domestic and export markets, will be executed over the next five years. The contracts span multiple product lines, including gaskets, heat shields, forging components, chassis, and hoses. The company has […]
Steel Authority of India Limited (SAIL) has commissioned a new Ladle Furnace 2D (LF#2D) at the Steel Melting Shop-II (SMS-II) of its Rourkela Steel Plant (RSP) on 11 June 2025. The commissioning is part of the plant’s Caster-IV project and is expected to enhance the timely and efficient supply of liquid steel to the new […]
Minda Corporation Limited, a manufacturer of auto components, has signed a joint venture agreement with Japan-based Toyodenso Co. Ltd. to manufacture and sell advanced automotive switches in India. The new joint venture company will be established with Minda Corporation holding a 60 percent stake and Toyodenso holding the remaining 40 percent. Operations are expected to […]
Redwing, a developer of Beyond Visual Line of Sight (BVLOS) drones, has acquired the assets of Swedish drone delivery company Aerit, marking its entry into the European market and expanding its drone logistics capabilities. The acquisition includes Aerit’s autonomous flight technology and machine learning-based flight routing systems, strengthening Redwing’s operational portfolio. Aerit previously collaborated with Foodora […]
Menon Bearings Limited (MBL), a manufacturer of auto components, has received an international order from Allison Transmission, a U.S.-based company, for the supply of approximately 7.5 million pieces per year. The order, valued at around USD 3.73 million annually, covers the manufacturing and supply of thrust washers and bushings. The agreement will be executed on […]
JK Fenner India Ltd, a manufacturer of auto components, has entered into a technology collaboration with South Korea-based NMC Motors to manufacture electric axles (e-axles) for three-wheelers and small commercial vehicles. The company plans to set up a dedicated manufacturing facility for e-axles for three-wheelers, supported by technical expertise from NMC Motors. The partnership, announced […]
Lumax Group, a manufacturer of auto components, has inaugurated IAC India’s Chakan 3 Plant and the extension of Chakan Plant 1 in Maharashtra. The combined investment for the two facilities is approximately INR 700 million. The new capacity is aimed at supporting the company’s growing automotive interiors business, particularly in the electric vehicle (EV) segment. […]
Force Motors, an Indian automotive and auto component manufacturer, has produced its 100,000th engine for BMW Group India at its assembly facility in Chennai. The plant, which began operations in 2015, assembles engines exclusively for BMW and plays a role in the company’s localisation efforts in India. The milestone engine will power a BMW X5. The […]
Goa Shipyard Ltd. (GSL), a shipbuilding company, laid the keel for Yard 1283, the fourth Next Generation Offshore Patrol Vessel (NGOPV) being built for the Indian Navy, on 9 June 2025. The ceremony was held at GSL’s shipyard and attended by Vice Admiral Krishna Swaminathan, Vice Chief of the Naval Staff, Brajesh Kumar Upadhyay, Chairman and […]
Shyam Metalics & Energy Limited, a metal-producing company, is planning significant capacity expansions across its product portfolio, including carbon steel, stainless steel, and aluminium, with a focus on forward and backward integration. The company has committed a total capital expenditure (CAPEX) of USD 1,172.9 million, of which USD 770.3 million has been incurred at the […]
