December 23, 2024
Daimler India Commercial Vehicles (DICV), a subsidiary of Daimler Truck AG, has received the Indian Green Building Council (IGBC) Platinum certification for its Oragadam manufacturing plant near Chennai. The certification, awarded under the IGBC Green Factory Building Version 2 standards, recognizes the facility’s adherence to advanced sustainability practices. This makes the Oragadam plant the first […]
December 23, 2024
Hafele, a German interior solutions company, plans to increase its sourcing from India to 50% in the medium term, up from the current level of under 10%. This shift is part of a broader strategy to expand local operations, including the establishment of a manufacturing unit and a supplier park, according to Frank Schloeder, Managing […]
December 21, 2024
Mazagon Dock Shipbuilders Ltd (MDL), a government-owned shipbuilding company, has officially commenced production of two major projects for the Indian Coast Guard. A plate-cutting ceremony was held on December 19, 2024, marking the beginning of construction for the first of 14 Fast Patrol Vessels (FPVs) and the second of six Next Generation Offshore Patrol Vessels […]
December 21, 2024
Hyundai Motor India Ltd. has signed an agreement with Exide Energy Solutions Ltd., a subsidiary of Exide Industries, to procure domestically manufactured lithium-iron-phosphate (LFP) battery cells for its electric vehicles (EVs). The move supports local sourcing of critical EV components and reduces dependency on imports, according to a press release issued by the company. Under […]
December 21, 2024
Isuzu Motors India has manufactured 100,000 vehicles at its facility in Sri City, Andhra Pradesh, since commencing operations in 2016. The milestone vehicle was the Isuzu D-Max V-Cross, the company announced in a recent press release. The Sri City facility, which began phase II operations in 2020, includes a press shop and an engine assembly […]
December 21, 2024
Unimech Aerospace and Manufacturing Limited has announced an initial public offering (IPO) to raise up to ₹5,000 million, with plans to channel the proceeds into critical business objectives. The offering comprises a fresh issue of equity shares worth up to ₹2,500 million and an offer for sale by existing shareholders aggregating up to ₹2,500 million. […]
December 21, 2024
Raj Cooling Systems Pvt. Ltd. has inaugurated a new manufacturing plant in Naika, Kheda, Gujarat. The facility spans 6 lakh square feet and is equipped with modern machinery and technology to increase production capacity and operational efficiency. The new plant has a daily production capacity of 5,000 air cooling units, which is over five times […]
December 21, 2024
Pai Machines, a subsidiary of Infra Bazaar Tech Pvt Ltd, has finalized the acquisition of the manufacturing facilities of L&T Construction Equipment Limited’s (LTCEL) Machinery Works. The transaction, initiated in June 2024, involves a production plant in Bengaluru with a capacity of over 1,800 units annually. The acquisition also includes the integration of 70 employees, […]
December 21, 2024
Ola Cell Technologies Pvt Ltd (OCTPL), a subsidiary of Ola Electric Mobility Ltd, has announced plans to invest ₹2,200 crore in the fiscal year 2025 to expand its lithium-ion cell manufacturing capacity at its Krishnagiri facility in Tamil Nadu. This follows an initial investment of ₹1,200 crore as of September 2024, which established a manufacturing […]
December 21, 2024
The Indian Army has inaugurated the Indian Army AI Incubation Centre (IAAIIC) in Bengaluru as part of its efforts to integrate artificial intelligence (AI) into military operations. The virtual event was led by General Upendra Dwivedi, Chief of the Army Staff. The IAAIIC, developed in collaboration with Bharat Electronics Limited (BEL), aims to enhance operational […]
