Fujitsu General Limited, a manufacturer of appliances and electronics, is set to transfer the power modules business of its consolidated subsidiary, Fujitsu General Electronics Limited (FGEL), to L&T Semiconductor Technologies Limited (LTSCT). The transfer, valued at approximately JPY 2 billion, is scheduled for June 23, 2025. As part of the arrangement, production facilities related to […]
Micron Semiconductor Technology India Pvt Ltd (MSTI) and Hubballi Durable Goods Cluster Private Ltd (Aequs Group) have received approval to set up Special Economic Zone (SEZ) facilities for semiconductor and electronics component manufacturing. Micron’s facility will be located in Sanand, Gujarat, covering 37.64 hectares with an estimated investment of INR 130 billion. Aequs will establish […]
Reliance Infrastructure-promoted Reliance Defence has signed a cooperation agreement with Germany’s Diehl Defence to manufacture the Vulcano 155 mm Precision-Guided Munition System in India. The partnership is expected to address the operational requirements of the Indian Armed Forces and has the potential to generate revenue of INR 100 billion for Reliance Defence. Under the agreement, […]
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 […]
GE Vernova has commissioned the first of four 250 megawatts (MW) variable speed pumped storage units at the Tehri Pumped Storage Hydropower Plant in Uttarakhand, India. The project is part of a 1 gigawatt (GW) expansion of the Tehri Hydropower Complex, which is expected to reach a total generating capacity of 2.4 GW upon completion. […]
Quantum Energy Ltd., a manufacturer of electric vehicles, has expanded its manufacturing facility in Maheshwaram, near the proposed Future City in Hyderabad. The facility now covers 240,000 square feet and is designed for a production capacity of 200,000 electric two-wheelers per annum. According to the company, the expanded site has been developed as a net-zero […]
Royal Enfield has opened its fourth manufacturing facility in India at the SIPCOT Industrial Park in Cheyyar, Tamil Nadu. The plant spans over 50 acres and was part of the company’s 2023 investment plan of INR 10 billion to INR 15 billion to expand its product portfolio and manufacturing capacity. The Cheyyar facility is intended […]
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 […]
MTAR Technologies Limited, a precision engineering, manufacturing and integrator firm, has secured new orders valued at INR 192 million across the clean energy and aerospace sectors. The clean energy segment accounts for INR 178 million of the total order value, while the aerospace sector contributes INR 14 million. Approximately INR 47 million of these orders are […]
