Mahindra & Mahindra Ltd. (M&M) announced the acquisition of a 58.96% stake in SML Isuzu Ltd. (SML) for a total cash consideration of approximately USD 66.6 million. The acquisition involves purchasing 43.96% equity from Sumitomo Corporation and 15% equity from Isuzu Motors Ltd. at INR 650 per share. M&M will also make an open offer […]
Sysmex Corporation has commenced full-scale operations at its new manufacturing base in Sanand II Industrial Estate, Gujarat, India, in April 2025. The facility is producing both diagnostic reagents and instruments, beginning with the XQ™-Series Automated Hematology Analyzer (XQ-320), intended for the Indian market. The facility covers a site area of 18,100 square meters with a […]
The India Electronics and Semiconductor Association (IESA) has announced the appointment of Ruchir Dixit as its new Chairperson for the fiscal year 2025–26. Alongside, six new members have joined the Executive Council: Akshay Aggarwal (MediaTek), Hemang Shah (Applied Materials), Pradeep Vajram (Seven Rays), Raghu Panicker (Kaynes Semicon Private Limited), Sundeep Gupta (Alphawave Semi), and Vivek […]
On April 24, 2025, Brakes India Ltd. opened its new Industrial Internet of Things (IIoT) facility in Chennai, further expanding its collaboration with the National Institute of Technical Teachers Training and Research (NITTTR) Chennai. This development follows an existing memorandum of understanding (MoU) between the two entities, aiming to strengthen their partnership in industrial training […]
SH Engitech has officially moved to a new headquarters and expanded its manufacturing facility in Vapi, Gujarat. The new facility, covering more than 250,000 square feet, will enhance the company’s production capacity and operational efficiency. The expansion includes a variety of specialized spaces aimed at increasing manufacturing and assembly capabilities. The new facility is situated […]
Reliance Industries has launched its first solar panel manufacturing line as part of its USD 10 billion renewable energy strategy. The facility, located in Gujarat, is designed to produce solar photovoltaic (PV) modules with an initial capacity of 10 gigawatts (GW) per year, with plans to scale up to 20 GW. The company has also […]
Swedish defence company Saab has successfully delivered its AT4 anti-armour weapon system to the Indian Armed Forces. The AT4CS AST variant, designed for use in confined spaces such as buildings and bunkers, is a single-shot, man-portable, unguided rocket launcher. This delivery follows a contract awarded to Saab in 2022 for the system, which will be […]
India and France have signed an Inter-Governmental Agreement (IGA) for the procurement of 26 Rafale aircraft for the Indian Navy, including 22 single-seater and four twin-seater variants. The agreement also covers training, simulators, associated equipment, weapons, performance-based logistics, and additional equipment for the Indian Air Force’s existing Rafale fleet. As part of the agreement, a […]
ZF Steering Gear (India) Limited has commissioned a new cast iron vane pump assembly line along with an end-of-line testing system at its manufacturing plant in Pithampur, Madhya Pradesh. The new facility incorporates error-proofing technology designed to enhance operational processes. According to information released by the company, the new assembly line is part of its […]
Grundfos has introduced the CUE 120, a variable frequency drive (VFD) designed and engineered in India for local market needs. The CUE 120, built for motors up to 22 kW, aims to deliver precise pump control and improve energy efficiency by offering application-specific settings. The CUE 120 was launched at Plumbex India 2025 in New […]
