Author: Dipalee Singh
| Damson Technologies has announced the launch of a new advanced manufacturing facility in Ahmedabad, Gujarat, with a total investment of ₹200 crore, spread across three phases. The state-of-the-art facility is set to not only produce Damson’s flagship brand *JUST CORSECA* but also continue to tap into the growing market for smart accessories and lifestyle products by manufacturing for other major brands in India. Investment Breakup: The investment is split into three areas: ₹110 crore towards establishing the factory, ₹60 crore in advanced machinery acquisition, and ₹30 crore in enhancing the manufacturing process. This facility is going to be the central…
| India’s Manufacturing and Electric Vehicle Sectors May Soon Take Giant Leap Forwards The much-needed kickstart the government’s Production Linked Incentive (PLI) schemes and a ₹1 lakh crore innovation fund announced in the Union Budget are expected to give to India’s manufacturing and electric vehicle (EV) sectors which have been inching closer towards rapid expansion. The initiatives aim at boosting domestic manufacturing, innovation, and industrial infrastructure development. The mantra even had an echo in the FICCI AGM 2024. Electrification is changing the face of the industry, and the ministry has zeroed down on cost-effective manufacturing and enhancing the value addition in…
Odysse Electric, an electric two-wheeler manufacturer that has its origins in the city, has announced securing 40,000 units to be purchased by Zypp Electric, an EV-as-a-Service platform. This deal is going to push Odysse’s presence in the B2B market and enhance its dealership network across India as Zypp Electric decides to invest in the firm. As a part of the tie-up, Odysse Electric will cater to 40,000 vehicles in the next three years. This will cater to the increasing demand for eco-friendly mobility solutions. This will increase Odysse’s production capacity and enhance its distribution capabilities in order to meet the…
The previous statement is that JSW Defense Pvt. Ltd has announced a strategic partnership with the U.S.-based Shield AI Inc., marking a major advancement in India’s defense manufacturing capabilities. It is working on the indigenization and local production of Shield AI’s V-BAT unmanned aerial systems UAS. This will further increase India’s self-reliance on defense technologies.This new partnership is perfectly aligned with India’s “Aatmanirbhar Bharat” vision to form a robust defense ecosystem within the country. Key Investment and Strategic Focus JSW has planned an investment worth $90 million in two years, out of which $65 million will be utilized in the…
Tata Electronics has reached an agreement to acquire a majority stake in Pegatron’s sole iPhone manufacturing facility in India, establishing a new joint venture that bolsters Tata’s role as an Apple supplier. Under the terms of the deal, Tata will own 60% of the joint venture and will oversee day-to-day operations, according to a Reuters report. Pegatron will retain the remaining stake and continue to provide technical support. The details of the agreement have not been publicly disclosed, the report added.
The second-gen Mahindra Thar made history with a 4-star Global NCAP safety rating, and Mahindra continues this legacy with the Thar ROXX, which earned a 5-star safety rating in Bharat NCAP. It is the first body-on-frame vehicle to achieve this milestone, with the highest score in Bharat NCAP history—31.09/32 in adult occupant protection (AOP) and 45/49 in child occupant protection (COP). Mahindra’s monocoque models, like the XUV 3XO and XUV400 EV, also scored 5 stars, with impressive ratings in both AOP and COP categories.
AstraZeneca is investing $3.5 billion to expand biopharmaceutical research and manufacturing in the US by 2026, with $2 billion focused on creating over 1,000 skilled jobs. This includes growing its cell therapy manufacturing on the East and West coasts, with plans for California, Maryland, and Texas.
Moving ahead in the year 2025, India will witness a new age of connected vehicles, as cars with the advent of 5G M2M connectivity, AI, and cloud-based technologies start entering the market. According to Techarc’s recently published India Connected Consumer Report 2025, the automotive sector will bypass this generation of 4G technology and adopt 5G to boost the in-vehicle experience across all price points. The report further says that Indian consumers are likely to enhance the quality and features of their vehicles rather than the number of smart devices they are carrying. 55% of respondents reported recent exposure to news…
| Technological advancements in equipment increases safety factor of operations. The Material Handling business of Godrej & Boyce, a part of the Godrej Enterprises Group, is taking significant strides in enhancing workplace safety and operational efficiency through indigenous innovation and comprehensive skill development. With material handling accounting for two-thirds of the manufacturing cycle and 40% of accidents attributed to unsafe material handling practices – of which 80% are due to human error or unsafe acts – the business has introduced a range of cutting-edge safety features in its equipment. These include the Seat Belt Interlock System, Safety Lights for pedestrians and…
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