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Indian Construction Equipment industry sales grow by 31% Y-o-Y, volumes doubles since FY 2014
Indian Construction Equipment Manufacturers Association (ICEMA) shares a quarterly sales report of Indian Construction Equipment industry which showed a growth momentum with increased domestic sales for 27,423 units while 2,655 units were exported.Read more
Indian Construction Equipment Industry sales for Q2 FY24 record 31% YoY growth
Total equipment sales in Q2 24 increased to 30,078 units, against 22,941 units sold in Q2 of FY 2022-23. Of these, domestic sales accounted for 27,423 units while 2,655 units were exported.Read more
Arrest of Lava International founder shakes mobile manufacturing industry
ICEA chairman Pankaj Mohindroo expressed deep concern, acknowledging the plummeting morale within the industry and the discouragement felt by national champions.Read more
India's PLI 2.0: Gateway to IT hardware revolution
With a substantial budgetary allocation exceeding $2 billion, this initiative signifies a significant shift toward strengthening the IT hardware manufacturing sector within the country, as stated in the ICEA's official release.Read more
Indian Mobile Phone exports soar, nearing $5.5 billion in 2023
During the period between April and August 2023 alone, India exported mobile phones amounting to around $3 billion, equivalent to about Rs 24,850 crore.Read more
Exicom is working on Plug & Charge, bi-directional charging, V2G functionalities
Gurugram-based, Exicom Tele-Systems develops industry-leading EV charging solutions for homes, workplaces, and public spaces. We have has encouraged consumers to switch from ICE vehicles to EVs, says Priyank Aggarwal, Chief Strategy Officer, Exicom Tele-Systems in this interview sharing alongside the company’s role in driving the EV revolution in India.Read more
Indian govt develops Rs 120 bn PLI scheme for heavy machinery in mining, construction
Ministry of Heavy Industries is presently soliciting input from the industry regarding the scheme's product scope, implementation strategy, and the extent of incentives it should offer.Read more
Hyundai Motor India exchanges MoU with TN govt, planning to invest Rs 20,000 Cr
Hyundai Motor India Limited (HMIL) is planning for a long-term investment in the state of Tamil Nadu for over the period of 10 years (2023 to 2032) with a plan to increase production volumes and introduce new electric vehicle models. Read more
Volvo and Eicher showcase future-ready mobility solutions at Auto Expo 2023
Aligned with its vision of smart sustainability, VE Commercial Vehicles (VECV) showcased its expanded EV and natural gas portfolio. Also on show are a range of alternative fuel prototypes, building on VECV’s leadership in driving modernisation in bus and truck transport in India and the developing world.Read more
Atomenergomash starts assembling RITM-200 reactor plant for Chukotka Icebreaker
Enterprises of Atomenergomash JSC provide the entire chain of production of the RITM-200 nuclear engine – from design and production of workpieces to manufacturing and installation of equipment.Read more
