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Indian Automobile Industry valued at $108 bn in 2022-23: Primus Partners
The automobile industry produced value of Rs 8.7 lakh crore in 2022-23 and India produced 2.7 crore vehicles and is 3rd in passenger vehicles and 1st in 2 wheelers globally. Read more
TVS ILP expands footprints in Coimbatore, partners with Nestlé for tailored warehouse
The stand-alone building, encompassing an impressive area of 1.31L square feet, has been thoughtfully designed to meet Nestlé’s specific requirements, enhancing their supply chain capabilities in the region.Read more
Strategic Partnership with Seco Tools working good for Permedica
Business has been growing so quickly for Italian medical implant manufacturer Permedica that it can barely keep up with demand. However, a new strategy for its CNC department, in partnership with Seco Tools, has started to make a powerful increase to its productivity.Read more
JCBL-MSL partners with Indian Railways for Vande Bharat Components
The MSL (Mobility Solutions Limited), a part of JCBL Group bags orders worth 100 crores with the objective of elevating the quality of Indian trains by delivering and installing several essential components for the Vande Bharat Express.Read more
L&T ropes in Green Energy stalwarts to form Green Energy Council
Larsen & Toubro formed a Green Energy Council to Bolster L&T's Resolute Commitment to Carbon Neutrality by 2040 and in line with company’s commitment to play a meaningful role in building India’s green energy future.Read more
Celeros FT to sell its Filtration business unit to London’s Px3 Partners
Celeros Flow Technology under an agreement has announced to sell its Filteration business unit to private equity firm of London Px3 Partners. BofA Securities is serving as financial advisor, Ernst & Young is serving as tax advisor to Celeros FT.Read more
Siemens consortium partners Gujarat Metro Rail Corporation for advanced rail electrification technologies
Siemens Limited equips consortium along with Rail Vikas Nigam Limited for Surat Metro Phase 1 spanning over 40 kilometers and Ahmedabad Metro Phase 2 over 28 kilometers with state-of-the-art rail electrification technologies. Read more
Bilateral trade between India & Germany was € 23.5 bn in FY21–22
German Engineering Federation, VDMA is one of the largest network organisations for the machinery and equipment manufacturing industry in Germany and Europe. With its establishment in India, VDMA India Services Pvt Ltd is acting as a bridgehead between German and Indian industries. In this interview Rajesh Nath, Managing Director, VDMA India shares the significance of Indo-German economic relations and forthcoming alliances between the countries to grow trade opportunities.Read more
Amara Raja Group’s Mangal Industries signs MoU with AXISCADES forming strategic partnership
A leading technology solutions company, AXISCADES forms a partnership with Amara Raja Group’s company Mangal Industries Limited to make an engineering, digital, and manufacturing collaboration. Read more
FLASH partners with Slovenia-based GEM motors strengthening global EV prowess
FLASH has collaborated with GEM motors, one of the leading European innovative companies specialised in developing high-tech electric motors for electric vehicles, to strengthen its electric vehicle (EV) competencies and portfolio.Read more
