Chennai-based space technology startup OrbitAID has secured $1.5 million in pre-seed funding led by Unicorn India Ventures, with additional support from the Tamil Nadu Startup and Innovation Mission (TANSIM). The funding will accelerate the development and in-orbit demonstration of the company’s satellite servicing technology. OrbitAID, founded in 2021 by Sakthikumar R, Nikhil Balasubramanian, and Mano […]
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 […]
DuPont, in partnership with CHIME Performance Polymers Private Limited, has established a facility for DuPont™ MOLYKOTE® anti-friction coatings in Sriperumbudur, Chennai, a region known for its automotive parts manufacturing sector. The facility aims to support both customer trials and regular production of anti-friction coatings. The new unit is equipped with advanced pre-processing and testing technologies, […]
BEML Limited has been awarded a ₹3,658 crore contract by Chennai Metro Rail Limited (CMRL) for the design, manufacture, supply, testing, and maintenance of metro rolling stock and depot machinery. The contract includes 210 metro cars configured as 70 three-car trainsets, to be deployed in Unattended Train Operation (UTO) mode, a high level of metro […]
ZF Commercial Vehicle Solutions (CVS) India has inaugurated an Electronic Stability Control (ESC) test track in Chennai, aimed at advancing vehicle safety and performance testing. The facility, certified by TÜV Rheinland and ARAI, complements the company’s existing ABS test track. The ESC test track features a 200-meter diameter dynamic pad with a 0.9 µ surface […]
Tata Electronics has reached an agreement to acquire a 60% stake in Pegatron’s iPhone manufacturing facility in Chennai, India, according to sources familiar with the matter. The Taiwanese company will retain a 40% share and provide technical support under the new joint venture, with Tata assuming operational control. The Chennai facility, which employs approximately 10,000 […]
Raghu Vamsi, a manufacturing company based in Hyderabad, announced the acquisition of PMC, a precision machining and engineering services provider. The deal aims to expand Raghu Vamsi’s operational capabilities in high-precision manufacturing for aerospace and defense sectors. The acquisition aligns with the company’s strategic growth plan in advanced manufacturing technologies and its commitment to serve […]
Allison Transmission has announced a $100 million (Rs 833 crore) investment to expand its manufacturing facility in Chennai, India. The multi-year project will add 200,000 square feet to the facility, doubling its current production footprint. The expansion is scheduled to complete in 2025, with full operational capacity expected by 2027. The increased capacity will support […]
Ford Motor Company is evaluating changes in its strategy for its Chennai plant, with potential plans to focus on hybrid and internal combustion engine (ICE) vehicle components in addition to electric vehicles (EVs). This approach comes as the company assesses market volatility, particularly in China and Southeast Asia, which has affected EV demand. Sources indicate […]
Bharat Forge Limited has announced a definitive agreement to acquire AAM India Manufacturing Corporation Private Limited (AAMIMCPL), a subsidiary of American Axle & Manufacturing Holdings, Inc. (AAM), for an enterprise value of Rs. 5,445.30 million, pending customary closing adjustments and regulatory approvals. Established in 2008, AAMIMCPL manufactures axles for light, medium, and heavy-duty commercial trucks […]