Manufacturing
India's Retail Automobile Sales Up 9.1% in 2024, Reaching 2.61 Crore Units
In 2024, retail automobile sales in India...
CCI Approves Tata Electronic's Majority Stake Acquisition in Pegatron India
The Competition Commission of India (CCI)...
India's Metal and Mining Firms Gain Spotlight in Stagnant Global Market
Indian metal and mining firms are becoming a...
Sandvik Acquires FASTech to Strengthen CAM Market Presence
Sandvik has acquired the assets of FASTech, a...
16.15 Lakh Electric Vehicles Benefit from FAME India-II Scheme
The government stated that 16.15 lakh electric...
Rane and ZF Gear Up to Launch Electric Power Steering Systems in India
Auto parts manufacturers Rane and ZF announced...
Coal Output Hits Record 18.4 MT in December From captive and commercial mines
The month of December saw the record monthly...
India Approves $3B Incentive to Boost Electronics Manufacturing
The finance ministry has approved an incentive...
Govt To Unveil PLI Scheme 1.1 to Strengthen Steel industry
The government plans to launch the next stage...
Goodluck India Launches Hydraulic Tube manufacturing at Bulandshahr Facility
Goodluck India has formally commenced the...
Coal Sector Records 7.5% Growth in November 2024, Reaching 199.6 Points
As per the Index of Eight Core Industries (Base Year 2011-12) published by the government, the coal sector has shown a growth of 7.5 percent (provisional) reaching 199.6 points in November 2024, up from 185.7 points in the same month last year...
PLI Scheme Set to Boost India's Advanced Automotive Tech Manufacturing
The Production Linked Incentive (PLI) program seeks to improve India's manufacturing strength in Advanced Automotive Technology (AAT) goods, tackle cost challenges, and create a strong supply chain. Mahindra & Mahindra and Tata Motors have...
India's Manufacturing PMI slips to 56.4, ending 2024 on a Soft Note
India's manufacturing industry concluded 2024 on a weaker note, with the PMI for December decreasing to 56.4, the lowest figure recorded for the year. As per HSBC data, the number, which dipped slightly from November's 56.5 and fell short of the...
Indian Government Looking to Mandate Production of Green Steel
The Indian government is advancing its efforts to decarbonize the steel industry with a ₹15,000 crore "Green Steel Mission." This initiative includes components such as a Production Linked Incentive (PLI) for Green Steel, incentives for renewable...
Indian Electronics Manufacturing Industry Targets to Address $400B Shortage
India's electronics industry is poised for a transformative phase as it targets USD 500 billion in manufacturing output by 2030, according to a report by TeamLease. Achieving this ambitious milestone will require the sector to expand fivefold in t...
Indian Paint Industry Faces Lowered Profits due to Drop in Raw Material Costs
The Indian paint industry, which experienced significant growth during FY'22 and FY'23, is now confronting a more challenging environment characterized by intensifying competition and shrinking profit margins, as highlighted in a recent report by...
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