Magna has inaugurated a new manufacturing plant in Chakan, Maharashtra, to produce latches and mirrors for carmakers in western India. The 65,000 sq. ft. facility is expected to generate over 300 jobs within the next three years. Jeff Hunt, President of Magna MML (Mechatronics, Mirrors, and Lighting), officially opened the facility on Wednesday in a […]
Honda Motor Co., Ltd. has announced plans to begin operations at a dedicated electric motorcycle production plant in India by 2028. The facility will produce a range of electric two-wheelers using commonized modules to enhance efficiency and reduce costs. The initiative is part of Honda’s broader strategy to expand its electric vehicle (EV) lineup and […]
Mayr Power Transmission has established a production facility in Halol, near Vadodara, in the Indian state of Gujarat. The plant, which began operations toward the end of 2024, will manufacture safety brakes and clutches for the local market. This marks the company’s fourth production site, following its headquarters in Mauerstetten, Germany, and facilities in Poland […]
Kirloskar Brothers Ltd (KBL) has supplied pump solutions for three recently commissioned Indian Navy vessels: INS Nilgiri, INS Surat, and INS Vaghsheer. The company provided high-performance canned motor pumps (CMP) for the ships’ HVAC systems, supporting both sea and freshwater applications. On January 15, 2025, the Indian Navy commissioned the INS Nilgiri, a stealth frigate; […]
KPI Green Energy Limited has entered into a contract agreement with Coal India Limited to develop a 300 MWAC grid-connected ground-mounted solar photovoltaic (PV) plant at GIPCL’s Solar Park in Khavda, Gujarat. The project includes operation and maintenance (O&M) services for five years. According to the contract, the project is valued at ₹1,311.40 crore, with […]
Larsen & Toubro’s (L&T) Minerals & Metals (M&M) vertical has received an order for the development of freight handling facilities in the Gulf Cooperation Council (GCC) region. The project is a repeat order from a railway company in the GCC, which is expanding its capacity in multiple phases. The scope of work includes engineering, procurement, […]
Afcons Infrastructure Limited has been awarded a contract by Hindustan Gateway Container Terminal Kandla Private Limited, a group entity of DP World, for the design and construction of the marine package of a container terminal at Tuna Tekra, India. According to a press release issued by Afcons Infrastructure, the contract is valued at Rs. 1,283 […]
ThinkMetal, a deeptech startup specializing in metal 3D printing, has raised $800,000 in a pre-Series A funding round. The investment was led by YourNest Venture Capital through the YourNest-SanchiConnect Velocity Program 2024, with additional participation from Concept Communications and Sanchi Connect. The company had previously secured $300,000 in a seed round led by 100X.VC, with […]
Alstom has been awarded a contract worth €144 million (approximately INR 1,285 crore) to supply traction components and electrical equipment for 17 Vande Bharat sleeper trainsets, consisting of 408 cars. The contract also includes maintenance services for five years following the warranty period. The equipment will be supplied to Indian Railways’ Integral Coach Factory (ICF) […]
ETAG Energietechnik, the Indian subsidiary of Germany-based ETAG (European Technology Alliance Group) GmbH, has announced plans to invest approximately ₹300 crore in a new facility in Mangalore Special Economic Zone (SEZ). The unit is expected to become operational by early 2026. According to a press release issued by the company, ETAG has acquired a land […]
