Salzer Electronics Limited has received an order worth INR 500 million for smart energy meters from an advanced metering infrastructure service provider in India. This follows an earlier order of INR 50 million from the same customer in the previous quarter. The company’s manufacturing facility, with an annual production capacity of 4 million smart meters, […]
Zetwerk Electronics has inaugurated a new manufacturing facility in Sriperumbudur, Tamil Nadu. The facility will focus on producing IT hardware, personal computing processors, and high-value electronic components for white goods. According to the company, the plant is expected to generate over 1,500 jobs and enhance supply chain capabilities. The inauguration event was attended by Minister […]
Keltron, a state-run electronics manufacturer, has received a contract to design and produce 336 low-frequency ultrasonic transducer elements for the Vietnamese Navy. The contract was awarded through Mumbai-based Neo Power, according to Kerala Industries Minister P Rajeev. Keltron has been actively involved in defense manufacturing, securing various contracts in the sector. In October 2024, the […]
Skoda Auto plans to manufacture electric vehicles (EVs) in India and is considering independent investment if it does not secure a local partner, according to a report by Reuters. The announcement comes as its parent company, Volkswagen Group, faces a USD 1.4 billion tax dispute over import classifications. Skoda Auto Volkswagen India is engaged in […]
Shivam Autotech Limited has approved a corporate term loan of INR 400 million to partially refinance existing debt and support working capital needs, according to a regulatory filing submitted to stock exchanges. The company, which manufactures precision components for vehicle manufacturers, has been managing industry challenges such as fluctuating raw material costs and changing market […]
Rangsons Aerospace has raised INR 3 billion (USD 36.5 million) in an investment round led by ValueQuest Investment Advisors, with Anand Rathi Advisors acting as the financial advisor. The funding aims to enhance the company’s operational capacity and facilitate growth into new business areas through strategic acquisitions. In January 2024, Rangsons Aerospace entered into a […]
The Indian National Space Promotion and Authorisation Centre (IN-SPACe) has approved the production of over 60 LVM-3 rockets in collaboration with private companies. The manufacturing process is expected to span 12 to 14 years, generating an estimated INR 250 billion in business for private firms. Speaking at the Bharat Space Conclave organized by FICCI, IN-SPACe […]
Indian Ambassador Raveesh Kumar visited leading Czech defence and industrial firms, including ELDIS Pardubice, RETIA, and LIKO-S, to explore opportunities for deeper collaboration between the two nations. The visit underscored India’s growing partnership with Czech industry leaders in defence technology, manufacturing, and sustainable infrastructure. ELDIS, a key supplier of radar systems covering 99% of India’s […]
Bel Fuse Inc. has inaugurated a new manufacturing facility in Manesar, Gurugram, India, following its acquisition of Enercon in November 2024. The facility replaces the original Enercon factory, which began operations in 2018. The expansion is expected to double the manufacturing capacity of Bel’s Power Solutions and Protection segment in India. The new site is […]
Jaguar Land Rover (JLR) has halted plans to manufacture electric vehicles (EVs) at parent company Tata Motors’ upcoming USD 1 billion facility in Tamil Nadu, citing challenges in sourcing local EV components at the right price and quality, according to sources familiar with the matter, according to a report by Reuters. The decision also reflects […]
