Speciale Invest, a venture capital firm, has closed its third fund at INR 6 billion, surpassing an initial target of INR 5 billion. The firm plans to make 18–20 investments over the next four years in areas that include space, advanced manufacturing, energy, health, and artificial intelligence. The firm said Fund III will focus on […]
AgniKul Cosmos, a Chennai-based aerospace start-up, has developed a roughly one-metre-long rocket engine produced as a single piece using additive manufacturing. The company has been granted a United States patent for the engine’s design and manufacturing method. The component was printed from an Inconel superalloy and manufactured in a single operation without welds, joints or fasteners, […]
Murata Electronics (India) Private Limited, a subsidiary of Japan’s Murata Manufacturing Co., Ltd., has begun operations at a new facility in the OneHub Chennai Industrial Park, Tamil Nadu. The 3,500-square-metre rental factory will handle packaging and shipping of multilayer ceramic capacitors (MLCCs), the company and local officials said. The company signed an agreement to lease […]
Toyota Kirloskar Motor (TKM) has renewed its Wharfage Rate Agreement with Kamarajar Port Limited (KPL), further strengthening their strategic logistics partnership. The new 10‑year deal, effective from April 2025 to March 2035, will allow Toyota to continue exporting completely built units (CBUs) via KPL’s roll‑on/roll‑off (Ro‑Ro) terminal at concessional rates. The partnership, initiated in April […]
Renault Group has acquired the remaining 51 percent stake in its Chennai-based manufacturing facility, Renault Nissan Automotive India Private Ltd (RNAIPL), previously held by Nissan. This acquisition gives Renault 100 percent ownership of the plant, which has produced over 2.8 million vehicles and 4.6 million engines and gearboxes since operations began in 2010. The facility, […]
Sun Industries India has doubled the production capacity of its auto components facility in Chennai by installing new heavy engineering machinery, the company announced. The expansion aims to address rising client demand and supports the company’s growth strategy. The company noted that the expansion aligns with ongoing capacity growth and technological upgrades in Chennai’s auto component […]
Knorr-Bremse, a manufacturer of rail and automotive components, has established a global artificial intelligence (AI) centre in Chennai, India, as part of its broader digital transformation strategy. The facility is scheduled to begin operations in August 2025 and is expected to employ around 70 specialists during its initial phase. The Chennai team will focus on […]
KRR Heavy Engineering, an India-based equipment supplier, is providing process equipment for PennWhite’s new manufacturing facility in Oragadam, near Chennai. The plant, being developed by PennWhite India Pvt Ltd, will produce foam control chemicals under the FoamDoctor brand for customers in India and across Asia. KRR Heavy Engineering is a Chennai-based manufacturer of heavy engineering […]
Integral Coach Factory (ICF), Chennai, has completed testing of a hydrogen-powered train coach, referred to as a “Driving Power Car.” The trial was conducted at the ICF facility and was confirmed by the Railway Minister of India on 25 July 2025. The initiative is part of Indian Railways’ efforts to adopt alternative fuel technologies for […]
Himile Molds (India) has inaugurated a new facility in Chennai, Tamil Nadu, to expand its tyre mold servicing operations. The site, which opened on 21 July 2025, will initially focus on servicing molds, with plans to transition into a full-scale manufacturing unit. According to the company, the Chennai plant will cater to major tyre manufacturers […]
