SKF India Limited has completed the demerger of its industrial business, effective 1 October 2025, creating two independent entities. Shareholders of SKF India Limited will receive one share of SKF India (Industrial) Limited for every share held in the company. The new industrial entity is expected to be listed by November 2025, subject to regulatory […]
Hyundai Motor India has increased its investment in the Talegaon manufacturing plant in Maharashtra from Rs 70 billion to Rs 110 billion. The expanded investment will support advanced manufacturing technologies, including a seventh-generation paint shop, enhanced automation, infrastructure upgrades, and electric vehicle readiness. The Talegaon plant, acquired from General Motors India in 2023-24, has an […]
Visteon Corporation, an automotive technology company, has launched the SCHOLAR programme under Visteon University, which is being introduced across 26 engineering colleges in India. The initiative, announced on 23 September, is designed for students in their fifth semesters and aims to address industry skill requirements in automotive software. According to the company, the programme has […]
Blue Energy Motors has raised USD 50 million in funding to expand its manufacturing and development of liquefied natural gas (LNG) and electric heavy-duty trucks. The round included USD 30 million from Nikhil Kamath and Omnitex Industries, while Essar and FPT (Iveco Group) continued as strategic investors and technology partners. The company said the investment […]
Hyundai Motor Co has unveiled plans to launch its first locally designed electric vehicle (EV) for the Indian market and to expand capacity at its Pune plant by 250,000 units by 2030. These are key components of the company’s “Vision 2030” roadmap, which includes a global investment of KRW 77.3 trillion (approximately USD 56 billion). […]
Tata Motors and Jaguar Land Rover (JLR) are developing a new manufacturing plant at Ranipet in Tamil Nadu with an investment of Rs 90 billion. The facility, spread over about 470 acres near Panapakkam, will focus on completely knocked down (CKD) assembly and is scheduled to start operations in early 2026. Initial production will include […]
Hyundai Motor India Ltd. reviewed the progress of its upcoming manufacturing facility in Pune during a recent meeting between the company’s leadership team and Maharashtra Chief Minister Devendra Fadnavis. Alongside updates on the plant, the company outlined a set of corporate social responsibility (CSR) projects valued at INR 560 million to be implemented in the […]
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 […]
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 […]
Green Mobility has inaugurated a new manufacturing facility in Sriperumbudur, Tamil Nadu, to support Daimler India Commercial Vehicles. The company stated that the facility is intended to strengthen its role in the commercial vehicle industry. The inauguration was attended by Michael Moebius, President & Chief Procurement and Supply Chain Officer at Daimler Truck; Anand Mimani, […]