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Taiwan Excellence bringS key automation solutions at Automation Expo 2022 To celebrate the application of ‘Automation’ and present the most innovative technologies from Taiwan, for the first time, Taiwan Excellence will set up a physical pavilion in “Automation Expo 2022”, which is India’s biggest and Asia’s 2nd largest exhibition for the automation industry. Automation Expo offers a podium to showcase the latest innovations in the field of smart manufacturing, such as...

Tata Motors buys Ford's Sanand plant for Rs 725 Cr Tata Passenger Electric Mobility Limited (TPEML), a subsidiary of Tata Motors and Ford India Private Limited (FIPL), have signed a unit transfer agreement (UTA) for the acquisition of FIPL’s manufacturing plant situated at Sanand, Gujarat including entire land and buildings, vehicle manufacturing plant along with machinery and equipment for a consideration of Rs 725.7 crore. Ford will continue to operate its...

Aequs bags Raytheon Technologies Premier Award Raytheon Technologies has recognized Aequs Aero Machine with a Premier Award for performance in 2021 and overall excellence in Collaboration.  This award is an annual recognition platform under Raytheon Technologies’ Performance+ Program to recognize suppliers with superior performance. Headquartered in Belagavi, Karnataka, Aequs specializes in precision machining, forging, sheet metal fabrication, aero-structure assemblies, and special processing for the aerospace and allied industries. It operates India’s first...

Hyderabad’s Quantum Energy forays into electric two-wheelers Hyderabad based Quantum Energy showcases its upcoming EV high-speed scooters and signed an MOU with MBI Korea to bring advanced technology into India in high-speed scooters. Quantum Energy is an electric mobility company in the design, development, and manufacturing of electric scooters. It is backed by Kusalava group which has been in the automotive industry for the past 50 years. It has its...

Robot technology for concrete structures without formwork PERI SE and Sika AG are taking a stake in the Swiss startup Mesh AG that has developed the world's first robot-assisted technology for the efficient and cost-effective production of complex reinforced concrete structures without formwork. MESH Technology developed by Mesh AG makes it possible to produce complex or curved reinforcement cages, previously manufactured by laborious manual work, through an automated prefabrication process. The...

KL EV India plans to sell over 10,000 vehicles in 2022 eRise-Drive Electric, the automotive arm of KL Group, plans to sell over 10,000 electric vehicles this year. The company intends to launch three low speed electric scooters immediately and two high speed vehicles in the coming 3 months. “The Made in India, Made for India electric scooters shall be manufactured in the 95,000 sq ft. state-of-the-art manufacturing facilities in Rohtak,...

HAL inks over $100 Mn contract with Honeywell for HTT-40 Engines Hindustan Aeronautics Limited (HAL) signed a contract worth over US$100 million with Honeywell for supply and manufacture of 88 TPE331-12B engines/kits along with maintenance and support services to power the Hindustan Trainer Aircraft (HTT-40).  The contract was exchanged by Eric Walters, Sr. Director OE Sales, Honeywell and B Krishna Kumar, Executive Director (E & IMGT) in the presence of...

ABB opens campus for machine automation at B&R in Austria ABB opened its new global innovation and training campus at the headquarters of B&R in Eggelsberg, Austria, its global center for machine and factory automation. The new campus will create up to 1,000 additional high-tech jobs and includes world-class research and development laboratories, as well as global training facilities for up to 4,000 people per year in collaboration with universities. ABB...

Manjushree Technopack acquires Hitesh Plastics Manjushree Technopack Limited (MTL), a rigid plastics packaging player, backed by Advent International, entered into an agreement to acquire the business operations and manufacturing facilities of Hitesh Plastics Pvt. Ltd. (Hitesh Plastics; HPPL) – a manufacturer of plastic caps and closures. The transaction is subject to customary closing conditions and regulatory approvals. The acquisition will allow MTL to enter the highly specialised caps and closures market...

Schneider Electric to expand its presence to 2,000 retail stores by FY23 end Schneider Electric announced its omni-channel retail outreach: ‘Schneider Electric (SE) Retail Pavilion’, targeted at retailers across the country. Through this concept, the company plans to enroll, scale, and upskill retailers and be a partner in their journey of digital transformation. The company has partnered with over 500 retail stores as SE Retail Pavilions, for its B2C business, and...

ONGC to make green hydrogen; inks MoU with Greenko Energy major Oil and Natural Gas Corporation Limited (ONGC) has signed a Memorandum of Understanding (MoU) with renewable energy company Greenko ZeroC (Greenko) to jointly pursue opportunities in renewables, green hydrogen, green ammonia and other derivatives of green hydrogen. “This MoU is in line with the National Hydrogen Mission launched by Prime Minister in making India a global green hydrogen hub. The...

Mumbai to get 1000 MW more electricity with Hitachi Energy’s HVDC link Hitachi Energy announced it has won a major order from Adani Electricity Mumbai Infra Ltd, part of Adani, to provide a high-voltage direct current (HVDC) transmission system which will link Kudus to Mumbai, on India’s west coast. Mumbai is experiencing a rapid increase in electricity consumption, seeing peak demand increasing to 3,850 megawatts (MW) in 2022, of which around...

Maharashtra makes Fire Evacuation Lift Mandatory in High-Rise Buildings Maharashtra has become the first State in India to make Fire Evacuation Lifts mandatory for buildings 70 meters and above since January 2018 in what is termed as the solution to mounting emergencies during fire-fighting and provide a safe evacuation mechanism for people and assist Fire Officers to save lives and assets. A circular issued by Maharashtra's Energy Department in conjunction with...

Hindustan Power Exchange crosses 100 MUs of power trading Hindustan Power Exchange Ltd., promoted by PTC India Ltd, Bombay Stock Exchange, and ICICI Bank, yesterday crossed 100 MUs mark of traded power since its launch. The newly formed power trading exchange achieved the milestone in just two weeks of its operations. HPX is now the number two exchange in the country in the segment it launched (Contingency). The peak volume achieved...

WIKA India drives Mobile Calibration Van to Bangalore WIKA Instruments India Pvt Ltd, a wholly-owned subsidiary of WIKA Alexander Wiegand SE & Co. KG, Germany, a global market leader in pressure and temperature measurement technology has recently launched Mobile Calibration Van for maintenance and repair at the doorstep of clients. An initiative, born out of need to maintain equipments during COVID lockdown has been transformed into a value-added service by...