Hyundai Motor India Ltd. reviewed the progress of its upcoming manufacturing facility in Pune during a recent meeting between the company’s leadership team and Maharashtra Chief Minister Devendra Fadnavis. Alongside updates on the plant, the company outlined a set of corporate social responsibility (CSR) projects valued at INR 560 million to be implemented in the […]
GH2 Solar, in partnership with South Korea’s Advanced Hydrogen Energy Solutions (AHES), will set up a green hydrogen electrolyser manufacturing facility in Gwalior, Madhya Pradesh, with an initial capacity of 105 megawatts per year. The project involves an investment of INR 4 billion and is supported by a Production Linked Incentive subsidy of INR 1,575 […]
DN Solutions has signed an agreement to acquire HELLER, expanding its presence in Europe and strengthening its portfolio in machining centres and 5-axis technologies. The transaction is subject to approvals from antitrust and other regulatory authorities. According to DN Solutions, the company generates annual sales of around USD 2 billion and employs more than 2,000 […]
DN Solutions Co., Ltd., a manufacturer of machine tools, has commenced construction of a new manufacturing plant in Bengaluru, Karnataka, and has recently conducted a large-scale recruitment drive for graduate engineers. The plant is located in the ITIR (Information Technology Investment Region) industrial complex near Bangalore International Airport and is scheduled to begin mass production […]
JSW Steel and POSCO Group have signed a non-binding Heads of Agreement (HoA) to explore the establishment of a 6 million tonnes per annum (MTPA) integrated steel plant in India. The two companies plan to form a 50:50 joint venture, with Odisha under consideration as a potential site. The HoA, signed in Mumbai, follows a […]
Hyundai Motor India Ltd (HMIL) increased its localisation level to 81.7 percent in the fiscal year 2024-25 for internal combustion engine (ICE) vehicles, up from around 78 percent the previous year. Since 2019, the company has localised more than 1,200 components in collaboration with nearly 200 suppliers. In its annual report for 2024-25, HMIL highlighted […]
Yeemak, a South Korean electronics company, and its group company Jeanuvs plan to invest approximately INR 35 billion to establish a printed‑circuit‑board (PCB) manufacturing facility in Thoothukudi, Tamil Nadu. This project is part of the Tamil Nadu government’s TN Rising initiative and is expected to create over 7,000 direct jobs in Thoothukudi and nearby districts. The plant will […]
Varya Tech, a supplier of marine equipment and services, has secured a contract to supply ballast water treatment systems (BWTS) from Techcross Inc., South Korea, for eight 6,300 DWT multi-purpose general cargo vessels under construction at Udupi Cochin Shipyard Ltd. in Malpe, Karnataka. The vessels are being built for Norwegian ship owner Wilson ASA, based on […]
Gabriel India Limited, a manufacturer of automotive components, has announced a joint venture with South Korea’s Jinos Co., Ltd., marking its entry into the automotive and industrial fasteners segment. As part of the deal, Gabriel India will invest INR 268.3 million to acquire a 51 percent controlling stake in Jinhap Automotive India Private Limited (JAIPL). […]
Syrma SGS Technology is in early-stage discussions to establish a printed circuit board (PCB) and copper clad laminate (CCL) manufacturing facility in Andhra Pradesh, potentially in collaboration with South Korea’s Shinhyup Electronics. While media reports have indicated a proposed investment of INR 18 billion, Syrma SGS has not confirmed this figure and clarified in a […]
