Manufacturing

Ola partners Siemens for EV manufacturing facility in Tamil Nadu Ola announced that it has partnered with Siemens to build its upcoming electric vehicle manufacturing facility in Tamil Nadu. In December, Ola had signed an agreement with the State government to invest Rs 2,400 crore for setting up its first electric scooter factory in the state. “Ola’s factory will be built on Industry 4.0 principles and will be the most advanced...

Tata Motors increases passenger vehicle prices Tata Motors has announced that it will hike prices of its passenger vehicle range, effective today. Rising input costs and material costs of steel, precious metals and semiconductors have compelled the company to pass on a part of the cost to customers. “Tata Motors has marginally increased prices from 0 to INR 26,000, depending on the variant. Continuing its commitment towards customers, the Company will...

Japanese company Daicel to set up airbag inflator manufacturing unit in Chennai Osaka headquartered Japanese company Daicel Corporation plans to establish a production site at the OneHub Chennai Industrial Park in Tamil Nadu. The plant is scheduled to start operations in December 2023. Earlier in October 2018, Daicel established a sales base – Daicel Safety Systems India Pvt. Ltd.in Gurugram – to conduct marketing and local research. “Until now, we have been...

AutoFlipz starts operations in Delhi NCR AutoFlipz, automobile startup in the Aftermarket Repair Shops (ARS) launches its operations in Delhi NCR. Founded by two investment bankers, Autoflipz will provide the much needed standardization and transparency in the ARS with first of a kind tech-enabled platform. The services segment in the auto sector is the fastest growing segment expanding at a CAGR of 9%. According to recent market data, only 35% of...

IMTEX Connect 2021: Manufacturing and Machine Tool Show on the Digital Platform Business is bouncing back sharply following the coronavirus induced lockdowns and the prolonged economic slowdown. Buying sentiments have been strengthened with encouraging orders and sales in recent months. Industries are transforming and becoming agile with optimization of resources and strategizing their business plans to become resilient. Aided by Government policies, industries are actively scouting for opportunities in newer...

Bridgestone India launches new tyre for commercial vehicles Bridgestone India announced the launch of its new generation Drive position tyre for the Commercial Vehicle segment, which is meant specifically for the general cargo, long haul, highway application. This tyre addresses issues of Tyre mileage, Fuel mileage and Cut-Chip resistance, thereby increasing tyre life and better retreadability. The tyre will be marketed under the name V-STEEL Mix M721. “Our global mission is...

OMRON releases 1S Series AC Servo System with PLe/SIL3 Safety Functions OMRON Asia Pacific, a global leader in industrial automation solutions, announces the launch of its new 1S Series AC Servo System with Safety Functionality. The new model joining the 1S Series, helps achieve safer manufacturing environments and higher productivity in the digital, food, pharmaceutical, cosmetics, and other industries. While harmonization between people and machines is being accelerated, and there is...

Imaginarium joins GE Additive Sales Partner Network to accelerate adoption of metal 3D printing technology in India GE Additive has selected Imaginarium to join its global sales partner network as an official sales partner in India. Imaginarium will resell GE Additive’s portfolio of metal additive manufacturing machines and metal powders which includes Direct Metal Laser Melting (DMLM) and Electron Beam Melting (EBM) technologies. The products are aimed at manufacturers across...

India’s manufacturing sector activity strengthens in December: PMI India’s manufacturing sector continued to strengthen in December with companies stepping up production and input buying amid efforts to rebuild their inventories following pandemic-driven business closures earlier in 2020, according to a private survey. Data released by analytics firm IHS Markit on Monday showed Purchasing Managers’ Index (PMI) for manufacturing sector picked up marginally in December to 56.4 from 56.3 a month ago....

Infosys, Daimler partner for IT infra transformation in auto sector Daimler AG and Infosys recently announced a long-term strategic partnership for a technology-driven IT infrastructure transformation. After the receipt of all regulatory approvals, Daimler AG will transform its IT operating model and infrastructure landscape across workplace services, service desk, data center, networks and SAP Basis together with Infosys. The partnership will enable the company to deepen its focus on software...

Prime Minister Narendra Modi on Monday interacted with key industries, startups and academia from the space sector and expressed that India will soon become a manufacturing hub of space assets. PM Modi in a video conference underlined the significance of the space sector in communication and navigation and assured the participants that they will be co-passengers with ISRO in this age of space research. He said that the decision to unlock...

Ola, one of the world’s leading mobility platforms, signed the MoU with the Tamil Nadu government for an investment of Rs 2,400 crore in setting up its first factory in the state. Upon completion, the factory will create almost 10,000 jobs and will be the world’s largest scooter manufacturing facility, which will initially have an annual capacity of 2 million units, the company said in a statement. It said, “In...