Munters, a Swedish company that offers climate control solutions, has inaugurated a new manufacturing facility in Malur, Karnataka, on December 4, 2024. The facility, known as Malur Unit II, is designed to expand the company’s production capacity for dehumidification and air handling unit solutions to meet regional demand. The event featured a tour of the […]
Medsource Ozone has announced the opening of a new in vitro diagnostics (IVD) manufacturing facility located approximately 45 minutes from Delhi. According to the company, this is the third manufacturing facility established by Medsource Ozone and is designed to cater to both domestic and international markets. The opening ceremony was attended by company leadership, including […]
Whirlpool of India Limited and PG Electroplast Limited have signed an agreement for the contract manufacturing of specific semi-automatic washing machine models under the Whirlpool brand. The production will take place at PG Electroplast’s facility in Roorkee. This collaboration builds on an existing partnership between the two companies, with PG Electroplast already supplying Whirlpool-branded air […]
BEML Limited inaugurated its Futuristic Product Innovation and Incubation Centre (FPIIC) at its Bengaluru facility on December 24, 2024. The event was attended by Vice Chief of the Naval Staff Krishna Swaminathan, along with BEML Chairman and Managing Director Shantanu Roy, senior officials, and defence personnel, according to a press release issued by the company. […]
Next Bharat Ventures, a Suzuki Motor Corporation subsidiary, hosted the “Next Billion Forum” in Gujarat’s GIFT City, emphasizing strategies to bolster India’s manufacturing sector and integrate rural and informal economies into national growth objectives. The event also marked the launch of applications for the second cohort of the Next Bharat Residency Program, aimed at nurturing […]
PTC Industries Limited has completed the acquisition of Trac Holdings Limited, which fully owns Trac Precision Solutions Limited (Trac), a UK-based manufacturer of precision-machined components for the aerospace, defense, and power generation sectors. The acquisition, valued at an undisclosed amount, received regulatory clearance from the United Kingdom’s Investment Screening Unit under the National Security and […]
Musashi Auto Parts India Pvt. Ltd. (MAP-ID), a subsidiary of Japan-based Musashi Seimitsu Industry Co., Ltd., has commenced mass production of e-axles for electric two-wheelers at its Bengaluru facility, according to a report by Autocar Professional. This marks a significant step in the company’s diversification into electric vehicle (EV) components, targeting India’s rapidly growing EV […]
RRP S4E Innovations Ltd., a manufacturer of defence technology, has secured contracts worth ₹102 crore from the Ministry of Defence for the supply of thermal imaging equipment. The procurement includes Long-Range Thermal Imaging (TI) Cameras valued at ₹68 crore and Smart Thermal Imaging Sights for Small Arms (Smart TI Sight for SA) worth ₹34 crore. […]
Imperial Auto, a manufacturer of fluid transmission products for automotive and industrial sectors, has announced the appointment of Vikram Wagh as its new Chief Executive Officer, effective December 20, 2024. Wagh has over 20 years of experience in the automotive industry, including leadership roles at Mahindra and JCB. At Mahindra, he led the Farm Division, […]
Himachal Futuristic Communications Limited (HFCL), a private sector telecom company, has launched a new defence equipment manufacturing facility in Hosur, Tamil Nadu, designed to enhance domestic production of critical defense technologies. The facility is equipped to manufacture up to 5,000 Thermal Weapon Sights, 250,000 Electronic Fuzes, and 1,000 units each of High Capacity Radio Relay […]