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KOLKATA: NavPrakriti, a lithium-ion battery recycling and refurbishment company, has announced a plan to partner with over 150 battery companies and original equipment manufacturers (OEMs) in the next three years. Through this, the company aims to create an extensive network for collecting, recycling, and refurbishing spent batteries, leveraging advanced technology and strategic industry collaborations to ensure safe, efficient, and environmentally responsible battery management across the value ...Read More >
New Delhi, Nov 16 (PTI) Nearly half of Indian enterprises have moved beyond AI pilots to active deployment, with 47 per cent reporting multiple Generative AI use cases now live in production, according to a joint EY-CII report. However, despite strong belief in AI's promise, investment levels remain conservative, with more than 95 per cent of firms maintaining AI and ML budgets below 20 per cent of overall IT spending. "...nearly half of Indian enterprises (47 per cent) now have multiple Gener ...Read More >
New Delhi, Nov 7 (PTI) Airports Authority of India (AAI) on Friday evening said the technical issue in the air traffic control's Automatic Message Switching System (AMSS) that had caused flight delays at the Delhi airport has been addressed and that the system "up and functional now". AAI also said that due to some backlogs, there may be some delays in the normal functioning of automated operations, but the situation will be normal soon. The state-owned AAI said the issue was detected in the I ...Read More >
Gurugram : JSW MG Motor India, a key contributor to India's 4W-EV growth story, today announced a landmark achievement of surpassing the 100,000 EV sales milestone in India. The auto-tech company has remained at the forefront of designing clean and intelligent mobility solutions for a sustainable future, offering not only smart products but also intuitive ecosystem-based solutions. This milestone is driven by the robust performance of the company's wide EV portfolio, which caters to varied cust ...Read More >
NEW DELHI: According to industry estimates, India could need to recycle over 1.2 million EV batteries annually by 2030. This number is anticipated to exceed 14 million by 2040. The country braces for a significant rise in battery waste, spurred by the rapid adoption of electric vehicles (EVs), stationary energy storage for grid and renewable integration, telecom infrastructure, data centers, and consumer electronics. Kolkata-based NavPrakriti has started the operation of lithium-ion battery recy ...Read More >
The latest investment brings the company's cumulative spending at the site to ₹554 crore since its establishment in 2014. Automotive technologies major Harman, a subsidiary of Samsung Electronics, on Monday announced an investment of ₹345 crore to expand its automotive electronics manufacturing facility in Chakan, Pune. The latest investment brings the company's cumulative spending at the site to ₹554 crore since its establishment in 2014. The expansion includes an immediate outlay of ₹ ...Read More >
ChipSync acquires Mobimark Labs to enhance its capabilities in connected car technology and automotive infotainment systems. The acquisition aims to integrate Mobimark's expertise in audio testing, boosting ChipSync's position as a leader in infotainment technology and enabling automakers to launch certified systems faster. ChipSync, a leader in connected car technology, has expanded its innovative edge by acquiring Meridian America LLC, known as Mobimark Labs. This Los Angeles-based entity spe ...Read More >
New Delhi, Oct 27 (PTI) Helmets manufacturer Studds Accessories Ltd is targeting to raise Rs 455 crore through its initial public offering (IPO), which is scheduled to open on October 30. The company has set a price band of Rs 557 to Rs 585 per share, valuing it at around Rs 2,300 crore at the upper end of the range. The issue will close on November 3, while the anchor book will open for a day on October 29, the company said in a public announcement. The IPO will comprise only an offer-for-sa ...Read More >
While overall deal volumes remained stable compared to the previous quarter, values spiked sharply due to large-ticket strategic acquisitions. New Delhi: India's automotive sector recorded its strongest quarter in over a year, with 30 transactions valued at $4.6 billion in Q3 2025, according to the Grant Thornton Bharat Q3 2025 Automotive Dealtracker. The surge in deal value was largely driven by Tata Motors' $3.8 billion acquisition of Iveco S.P.A., marking one of the largest outbound automoti ...Read More >
The Andhra Pradesh government approved two Raymond Group investments totaling Rs 940 crore in aerospace and automotive manufacturing under Industrial Development Policy 4.0. JK Maini Global Aerospace will invest Rs 510 crore in Satya Sai district, creating 1,400 jobs, while JK Maini Precision Technology will invest Rs 430 crore in Gudipalli, generating 4,096 jobs. The Andhra Pradesh government said on Wednesday that it approved two investments by the Raymond Group worth Rs 940 crore, covering a ...Read More >
New Delhi, Oct 2 (PTI) Auto components major SKF India group, which has undergone demerger of its automotive and industrial businesses, plans to invest up to Rs 1,460 crore by 2030 across the two verticals, including capacity expansion and setting up of a new plant. The company expects the demerged industrial entity, SKF India (Industrial) Ltd , to be listed by November this year, subject to necessary approvals. The demerger of the industrial business has been completed effective October 1, 20 ...Read More >
India added 20.1 GW of renewable energy (RE) capacity in the first five months of FY2026 (April-August 2025), marking a robust 123% growth compared to 9 GW during the same period last year, according to a recent report by ICRA. This includes 17.5 GW of solar and 2.6 GW of wind capacity additions. ICRA highlighted that this record growth -- driven by a strong project pipeline and favorable market conditions -- positions the sector to exceed 35 GW of new capacity in FY2026. The growth momentum f ...Read More >
Hyderabad (Telangana) [India], September 26 (ANI): The Telangana government is working with a clear vision to position the State as the 'Aerospace Capital of India', said IT and Industries Minister Duddilla Sridhar Babu on Friday. According to a release, the Minister chaired a brainstorming session with leading aerospace entrepreneurs and experts at the Dr B.R. Ambedkar Telangana Secretariat, organised in collaboration with the FICCI Telangana Aerospace and Defence Committee. The discussions fo ...Read More >
Hyderabad (Telangana) [India], September 26 (ANI): The Telangana government is working with a clear vision to position the State as the Aerospace Capital of India, said IT and Industries Minister Duddilla Sridhar Babu on Friday. According to a release, the Minister chaired a brainstorming session with leading aerospace entrepreneurs and experts at the Dr B.R. Ambedkar Telangana Secretariat, organised in collaboration with the FICCI Telangana Aerospace and Defence Committee. The discussions focu ...Read More >
India's auto industry is suddenly having a blast. After months of lacklustre sales, the world's third-largest car market is experiencing a revival, thanks to the government's decision to reduce GST. To add to that, the cuts also came ahead of the festive season, which typically contributes to about 40 percent of the annual sales. "The GST cut has created a genuine affordability kicker just ahead of the festive window. Passenger cars, two-wheelers, and parts moving from 28 percent to 18 percent ...Read More >
Wheels India Ltd. (currently trading at ₹870) is a leading manufacturer of steel wheels, suspension systems, and air suspension products for commercial vehicles, tractors, and off-road equipment. A part of the TVS Group, the company operates manufacturing facilities in Tamil Nadu and Uttar Pradesh, with exports to over 25 countries. Its product portfolio spans forged wheels, aluminum wheels, bogie suspensions, and fabricated components for railways and wind energy. Wheels India is a critical sup ...Read More >
In August 2025, wholesale volumes grew 7.2 per cent YoY to 1.8 million units, with original equipment manufacturers maintaining strong dispatches ahead of the festive season. India's two-wheeler industry is expected to record a 6-9 per cent year-on-year (YoY) growth in wholesale volumes in FY26, supported by steady replacement demand, a recovery in rural incomes and festive-season momentum, according to ratings agency ICRA. A recent reduction in GST rates is also expected to improve affordabilit ...Read More >
New Delhi: Ola Electric has filed a claim of around Rs 400 crore incentive under the government's production-linked incentive (PLI) scheme, reinforcing its compliance with rigorous localisation and regulatory requirements, according to sources. As per industry sources, Ola has filed the claim with eligible sales of about Rs 3,000 crore for FY25, translating into an expected incentive of nearly Rs 400 crore. The incentive, calculated at a rate of 13 to 14 per cent, is expected to significantly s ...Read More >
Bengaluru : Godrej Enterprises Group's Aerospace business today announced that it has entered a contract with Safran Aircraft Engines, a world-class commercial and military engine manufacturer. Under the five-year agreement, Godrej will develop Titanium material-based complex ventilation assemblies for LEAP engines, one of the best-selling commercial aircraft engines in the world. The LEAP engines, developed by CFM International , are powering next-generation narrow-body aircraft. This mileston ...Read More >
New Delhi, Sep 15 (PTI) Creador-backed iValue Infosolutions on Monday fixed a price band of Rs 284 to Rs 299 per share for its upcoming Rs 560-crore initial public offering (IPO). At the upper end, the company is valued at around Rs 1,600 crore. The Bengaluru-based company's maiden public offering will open on September 18 and close on September 22, according to a public announcement. The IPO is a complete offer-for-sale (OFS) of 1.87 crore equity shares by promoters, an investor and individu ...Read More >
Mumbai: The global automobile industry is starting to regain confidence after pausing product and investment decisions initially due to the upheaval caused by Trump's tariffs, said a senior executive at Tata Technologies. The Tata Group engineering firm is also pressing ahead with expansion, acquiring Germany's ESTEC for ₹75 million (₹750 crore) to strengthen its software-defined vehicle capabilities and also establish a base in Europe's auto hub. "Tariffs initially prompted many of our custom ...Read More >
New Delhi: Delhi Metro Rail Corporation has signed a contract with Alstom Transport India Ltd (ATIL) to improve the reliability and performance of its oldest and busiest corridors -- the Red and Yellow Lines. The collaboration will provide continuous technical support from Original Equipment Manufacturer (OEM) experts. These lines, operational since 2002 and 2004 respectively, currently use Distance To Go (DTG) technology for signalling. The contract between DMRC and ATIL is valid for six years, ...Read More >
Auto companies have urged the government to allow either an adjustment of accumulated cess with tax liabilities or a refund, warning that otherwise the credits will have to be reversed in their accounting books. Automobile manufacturers are staring at a potential write-off of around ₹2,500 crore in accumulated compensation cess credits, which will lapse on September 22 when the new GST 2.0 rates take effect, as per PTI. Currently, automobiles attract GST at 28 per cent -- the highest slab -- p ...Read More >
They also raised concerns over rare earth shortages and delays in product development cycles, during the Automotive Component Manufacturers Association of India's annual event. Auto component industry leaders on Friday voiced optimism over the recent GST rationalisation and the free trade agreements (FTAs) the government is working on. At the same time, they also raised concerns over rare earth shortages and delays in product development cycles, during the Automotive Component Manufacturers Ass ...Read More >
Mumbai, Sep 12 (PTI) Godrej Enterprises Group's aerospace business on Friday said it has secured a mandate to manufacture critical LEAP engine components for Safran Aircraft Engines as part of a five-year contract. LEAP engines are manufactured by CFM International, a joint venture between GE Aerospace and Safran Aircraft Engines. These engines largely power next-generation narrow-body aircraft. Under the contract, GEG will develop titanium material-based complex ventilation assemblies for LEA ...Read More >
The Delhi Metro Rail Corporation has partnered with Alstom Transport India Limited to enhance the operational efficiency of the Red and Yellow Lines. The six-year contract aims to improve reliability through better onboard spares and fault analysis using advanced data logging. The Delhi Metro Rail Corporation (DMRC) is set to elevate its service standards for its Red and Yellow Lines through a newly signed agreement with Alstom Transport India Limited. The deal aims to ensure the reliability an ...Read More >
New Delhi, Sept 12 (PTI) Delhi Metro Rail Corporation (DMRC) has signed a contract with Alstom Transport India Limited to enhance the reliability and performance of its oldest and busiest corridors, the Red Line and Yellow Line. The agreement was signed by DMRC's Director Infrastructure Manuj Singhal and Alstom Transport India Limited's Director Commercial Sachin Deora at Metro Bhawan. DMRC Managing Director Vikas Kumar and senior officials from both organisations were also present at yhe even ...Read More >
New Delhi, Aug 29 (SocialNews.XYZ) The proposed rationalisation of Goods and Service Tax (GST) Slab before Diwali this year can pull up first-time buyers in the two-wheeler (2Ws) segment, a report said on Friday. "The imminent GST cut by 10 per cent (from 28 per cent to 18 per cent) can make the 2Ws a lot more affordable and help revive demand, both for first-time buyers and even replacement cycles," HSBC Global Investment Research said in a report. The Eighth Pay Commission will also provide ...Read More >
New Delhi: Maruti Suzuki India Ltd on Tuesday started the production of its electric sports utility vehicle (SUV) e-Vitara for exports to 100 countries from its Gujarat factory, marking the beginning of its EV push that contrasts with strategies of its domestic rivals. While Tata and Mahindra began their EV journey by first boosting sales in the domestic market, Maruti Suzuki is producing these cars majorly for exports, with its Japanese parent looking to test its mettle in the global EV market ...Read More >
VISAKHAPATNAM: The depression over northwest and adjoining west-central Bay of Bengal and north Andhra Pradesh - south Odisha coasts moved north-north-westwards and crossed South Odisha coast close to Gopalpur during early morning of Tuesday and lay cantered over south coastal Odisha. Weatherman said it was likely to move north-westwards across south Odisha and south Chhattisgarh and weaken into a well-marked low-pressure area during next few hours. Under its influence, thunderstorms accompani ...Read More >
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