TVS Motor Company has announced plans to invest ₹2,000 crore in Karnataka over the next five years, focusing on production expansion and the establishment of a global capability centre in Mysuru. According to a press release issued by the company, the investment agreement was signed with the Karnataka government as part of the Global Investors […]
AKSI Aerospace Group and FIXAR Global have entered into an agreement for licensed drone manufacturing in India, valued at up to Rs 85 crore. The announcement was made during Aero India 2025 in Bengaluru. Under the agreement, AKSI Aerospace will produce drones in India for domestic and international markets. The company will develop key drone […]
Flying Wedge Defence and Aerospace (FWDA) has received an international order for 35 FWD 100 ISR (Intelligence, Surveillance, and Reconnaissance) autonomous aircraft from a Sub-Saharan nation. The announcement was made on February 11 at the Aero India 2025 air show in Bengaluru. The FWD 100 ISR, a sub-variant of the FWD 200B, is developed and […]
Bharat Forge Ltd. and Liebherr-Aerospace & Transportation SAS have announced a collaboration to establish a manufacturing facility in Pune, India, aimed at producing aerospace components. The facility is expected to be operational in 2025. The plant will include a ring mill and advanced machining capabilities for manufacturing landing gear components. The investment is part of […]
GE Aerospace has signed a five-year Performance-Based Logistics (PBL) contract with the Indian Air Force (IAF) to provide Maintenance, Repair, and Overhaul (MRO) services for the T700-GE-701D engines used in the IAF’s AH-64E-I Apache helicopters. Under the agreement, GE Aerospace will handle engine MRO operations and supply flight line parts to ensure engine availability. The […]
Epsilon Group has signed a memorandum of understanding with the Karnataka government to invest Rs. 15,350 crore in manufacturing facilities for electric vehicle (EV) battery materials and testing. The investment, planned over a 10-year period, includes Rs. 9,000 crore for a graphite anode plant, Rs. 6,000 crore for a lithium iron phosphate cathode facility, and […]
Toyota Kirloskar Motor (TKM) is increasing its manufacturing capacity in Karnataka with the establishment of a third plant, adding an annual production capability of 100,000 units and generating 2,000 new jobs. The investment, announced in November 2023, is part of TKM’s broader expansion in the state, where it has operated for over 25 years. The […]
Happy Forgings Limited (HFL) has announced that its Board of Directors has approved a capital investment of up to Rs. 650 crore to establish advanced forging capabilities for the non-automotive industrial sector. The investment will be allocated over the next two to three years, with production expected to begin by the end of FY2027. The […]
Mahindra Group has announced plans to invest Rs 40,000 crore in Karnataka, with a focus on renewable energy, electric mobility, real estate, aerospace, and tourism. The announcement was made at the Invest Karnataka 2025 summit. A major portion of the investment, Rs 35,000 crore, will be directed towards renewable energy projects. Mahindra Susten, the group’s […]
Volvo Group has signed a Memorandum of Understanding (MoU) with the Government of Karnataka to invest Rs 1,400 crore in expanding its manufacturing operations in Hosakote, Bengaluru. The investment aims to establish the company’s fourth international manufacturing hub in India. The agreement was signed in the presence of Karnataka’s Large and Medium Industries Minister MB […]
