Montra Electric has inaugurated a new manufacturing facility for electric small commercial vehicles (e-SCVs) in Ponneri, Chennai. Operated by its e-SCV division, Tivolt Electric Vehicles Private Limited, the plant has an annual production capacity of 50,000 vehicles. The facility spans approximately 500,000 square feet and is located near the Kolkata highway, 35 kilometers from Chennai. […]
Sakthi Aircraft Industry Private Limited (SAIPL) and the Aero Club of India (ACI) have signed an agreement to manufacture 200 Diamond DA40 NG trainer aircraft in India. The production is scheduled to begin with the first deliveries expected by May 2025, and annual output projected to reach 100 aircraft. Under the agreement, SAIPL will establish […]
Bharat Electronics Limited (BEL) has secured additional orders valued at INR 8.43 billion since its last disclosure on March 6, 2025. The newly acquired contracts include supplies for RF seekers, vessel and air traffic management systems, electro-optic repair facilities, radar upgrades, and associated spares and services. With these latest contracts, BEL’s total order intake for […]
Japanese companies have invested 3.8 trillion yen in India since 2022, moving closer to the target of 5 trillion yen in public and private investment by 2027. The investment figures were shared during the 48th Joint Meeting of the India-Japan and Japan-India Business Cooperation Committee, organized by the Federation of Indian Chambers of Commerce and […]
Russia has proposed that India use its existing infrastructure for the production of Su-30MKI fighter jets to manufacture the Su-57E, a fifth-generation stealth aircraft. The offer was made by Rosoboronexport, Russia’s state arms exporter, in February 2025, ahead of the Aero India 2025 exhibition. If accepted, the production of the Su-57E could begin shortly at […]
Electric two-wheeler manufacturer Ultraviolette plans to invest up to USD 100 million over the next three to four years to expand its product portfolio, manufacturing capacity, and sales network. The company aims to achieve annual sales of 100,000 units within this period and expand its presence in India, Europe, and Southeast Asia. The company has […]
Avantel Limited has announced a partnership with Safran Space to develop satellite ground segment capabilities in India. The collaboration aims to design, manufacture, and integrate multi-band antennas to support satellite communication needs in the region. According to an update issued by Avantel, the company will leverage its facilities in Hyderabad and Visakhapatnam for the project. […]
Foxconn will receive an incentive of INR 6,970 crore from the Karnataka government under the state’s Electronics System Design and Manufacturing (ESDM) policy. The announcement was made by Karnataka Chief Minister Siddaramaiah during the state budget speech on March 7. Foxconn is in the process of setting up a smartphone manufacturing facility in the Devanahalli […]
The Ministry of Defence has signed a $248 million contract with Russian state arms exporter Rosoboronexport to procure 1,000-horsepower (HP) engines for the Indian Army’s T-72 tanks. The agreement includes engines in fully assembled, completely knocked down, and semi knocked down conditions. As part of the contract, technology transfer will be provided to Armoured Vehicles […]
Tata Electronics has signed a Memorandum of Understanding (MoU) with Taiwan-based Himax Technologies and Powerchip Semiconductor Manufacturing Corporation (PSMC) to collaborate on display semiconductors and ultralow power AI sensing technologies. The partnership will focus on chip design, manufacturing, and system-level solutions for the Indian and global markets. The agreement builds on a 2024 collaboration between […]
