British International Investment (BII), the UK’s development finance institution, has fulfilled its 2022 commitment to India’s electric vehicle (EV) sector with an additional investment of INR 650 crore in Mahindra Electric Automobile Limited (MEAL). This investment is part of a broader initiative to mobilize international funding for India’s EV industry, according to a press release […]
PTC Industries Limited has completed the acquisition of Trac Holdings Limited, which fully owns Trac Precision Solutions Limited (Trac), a UK-based manufacturer of precision-machined components for the aerospace, defense, and power generation sectors. The acquisition, valued at an undisclosed amount, received regulatory clearance from the United Kingdom’s Investment Screening Unit under the National Security and […]
Stephenson Gobin has upgraded its 7,000-square-meter manufacturing facility in Bengaluru, India, by installing four advanced machines to enhance production capacity and efficiency. This investment is aimed at improving machining methods, CNC capabilities, and cutting tool technology. According to an update, the new machinery will align the Bengaluru operations more closely with SG’s facility in the […]