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Foxconn mulling battery energy storage unit in India
Manufacturing - Aug 21,2024
Foxconn plans to establish a battery energy storage system (BESS) manufacturing unit in India and is considering an electric vehicle unit. The company's "3+3" strategy targets electric vehicles, .

Taiwan's Bestec plans Rs 200-crore investment in new facility in Karnataka
Manufacturing - Aug 20,2024
Taiwan's Bestec Group plans to invest Rs 200 crore in a new manufacturing facility near Bengaluru, Karnataka, creating 5,000 jobs over three years. The project, announced by State Industries Mini .

Kaynes Technology acquires land in Gujarat for Rs 5,000 crore semiconductor project
Manufacturing - Aug 20,2024
Kaynes Technology is investing Rs 5,000 crore to establish a semiconductor assembly and test unit in Sanand, Gujarat, shifting from its earlier plan in Telangana. The Gujarat facility will focus on ad .

Euler Motors unveils Rs 100 crore manufacturing and R&D facility in Haryana
Manufacturing - Aug 19,2024
Euler Motors has unveiled a Rs 100 crore manufacturing and R&D facility in Palwal, Haryana, with a capacity of 36,000 vehicles per year. This 5 lakh square feet plant will be the company's nation .

Kothari Industrial Corporation joins hands with OTB to set up JV company
Manufacturing - Aug 19,2024
Kothari Industrial Corporation and Brazil's OTB Industria e Comercio de Componentes e Technologia Ltda have formed a joint venture, Kothari OTB, to manufacture and market invisible pens and shoe .

Aptiv invests $45 million for Oragadam plant expansion
Manufacturing - Aug 19,2024
Aptiv will invest over $45 million (Rs 378 crore) to expand its Oragadam facility, enhancing its production of software-defined cockpit solutions. The expanded plant, spanning 2.2 lakh sq.ft, will foc .

Gensol, Matrix Gas win Rs 450 crore PLI scheme for hydrogen electrolyser manufacturing
Manufacturing - Aug 16,2024
The Gensol Engineering Ltd and Matrix Gas & Renewables Ltd consortium won a 237 MW hydrogen electrolyser manufacturing bid under India's PLI scheme, bringing their total secured capacity to 300 M .

Tamil Nadu government clears Rs 44,125-crore investment proposals
Manufacturing - Aug 14,2024
Tamil Nadu’s State Cabinet approved 15 new private investments totaling Rs.44,125 crore, expected to create 24,700 jobs. Key projects include Sembcorp’s Rs.21,340 crore investment in Thoothukudi a .