Bosch Limited said it will enter into a joint venture with Tata Autocomp Systems Limited to establish a manufacturing business for e-axles and electric traction motors in India. The board approved the proposal on 18 March 2026, and the agreement is scheduled to be executed on 23 March 2026, subject to regulatory approvals and agreed […]
Minda Corporation Limited said its wholly owned subsidiary Spark Minda Green Mobility Systems Private Limited has signed a joint venture agreement with Turntide Drives Limited, United Kingdom, to develop and manufacture electric vehicle (EV) powertrain components in India. The agreement was signed on 09 March 2026 and the venture will operate through the incorporation of […]
Chara Technologies Private Limited has inaugurated a new controller manufacturing facility in Peenya, Bengaluru, consolidating its motor and controller production under one roof. The facility, inaugurated on 11 February 2026, has an annual capacity of 25,000 controllers in the 7 kW to 30 kW range and forms part of the company’s plan to scale total […]
Gati Drives Private Limited, a Bengaluru-headquartered startup developing electric motors for appliance and industrial applications, has raised a pre-seed investment from Campus Fund to support product development and early manufacturing scale-up. The funding will be used to advance the company’s rare-earth-free motor technology, expand production capability, and engage with original equipment manufacturers (OEMs) in the […]
Lloyds Engineering Works Limited has approved an amendment to its share purchase agreement to acquire the remaining 12 percent equity stake in Techno Industries Private Limited, resulting in full ownership of the subsidiary. The decision was approved by the company’s board at a meeting held on 26 December 2025, completing the transition of Techno Industries […]
Naxatra Labs Private Limited, a deeptech motor and controller manufacturer, has raised USD 3 million in a Pre-Series A funding round led by Rainmatter by Zerodha. The capital raise marks the company’s transition from early commercialisation to scaled manufacturing, with a focus on motors and controllers for electric vehicles (EVs), agriculture equipment, power tools and […]
Siemens Limited has approved the sale of its Low Voltage Motors and geared motors business, including related customer service operations, to Innomotics India Private Limited for an enterprise value of INR 22 billion on a cash-free, debt-free basis, subject to customary adjustments. The transaction is expected to close in June 2026, contingent on fulfillment of […]
Nidec Corporation has commenced production at its Orchard Hub manufacturing campus in the Kotur-Belur Industrial Area in Hubli-Dharwad, Karnataka. The facility was inaugurated on 14 November 2025 and represents a major expansion of the company’s manufacturing operations in India. The Orchard Hub spans 50 acres and comprises six manufacturing plants and an experience centre. Construction […]
Samhyun Motions and Controls India Private Limited, the Indian subsidiary of Samhyun Co., Limited headquartered in in Changwon in Gyeongsangnam-do, South Korea, has acquired an eleven-acre industrial parcel in Sri Perumbudur, Chennai, to establish a new facility for manufacturing electric vehicle (EV) motor components. The land was purchased from Tata Chemicals, with JLL advising exclusively […]
Turntide Technologies, a developer of power electronics, electric motors, and industrial automation systems, has inaugurated a new office and Centre of Excellence in Pune to expand its support for original equipment manufacturers, system integrators, and Tier 1 suppliers in India. The facility is intended to strengthen the company’s presence in one of the largest markets […]
