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Mitsubishi Electric India performs groundbreaking ceremony for manufacturing plant in Chennai
Economic Times
·
1y ago
Medial
Mitsubishi Electric India, a subsidiary of Mitsubishi Electric Corporation, held a Bhumi Pujan ceremony for its first air conditioner and compressor manufacturing unit in Chennai. The company plans to invest Rs 1,891 crore in this 100% foreign direct investment project. The facility, spread across 52 acres, will manufacture room air conditioners and compressors tailored to the Indian market. Mass production is set to begin in October 2025, with an initial annual capacity of 3,00,000 sets of room air conditioners and 6,50,000 compressors.
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MG Motor to assemble batteries at Halol plant
Thehindubusinessline
·
1y ago
Medial
MG Motor India is considering the assembly of batteries for electric vehicles at its Halol manufacturing plant. The company is also exploring the possibility of battery cell manufacturing with third parties. Additionally, MG Motor India plans to expand its Halol plant in response to increasing demand. Last year, the company announced a ₹5,000 crore investment for plant expansion and hiring. The company aims to establish a second manufacturing unit in Gujarat, increase its overall production output, and further strengthen its position in the electric vehicle market.
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Aptiv to invest over $45 million to expand production at TN facility
Economic Times
·
12m ago
Medial
Mobility technology company Aptiv is investing over $45 million to expand its manufacturing plant near Chennai, India. The expansion will enable production of software-defined cockpit solutions for automotive manufacturers. The company aims to double the number of employees at the plant. Aptiv's investment is driven by the demand for safety and user experience features inside vehicles, as well as the shift towards software-defined vehicles. The expanded plant will produce cockpit control systems, radars, cameras, and electronic control units for India and global markets. Aptiv currently operates three technical centers and seven plants in India.
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Royal Enfield launches electric bike segment
YourStory
·
9m ago
Medial
Royal Enfield has unveiled its first electric bike under a new brand, Flying Flea, which is expected to be available in 2026. The two models introduced are the classic-styled Flying Flea C6 and the scrambler-styled Flying Flea S6. Royal Enfield plans to introduce more electric vehicles in the coming years and will produce battery packs and motors in-house, while sourcing battery cells externally. The company has invested in an EV manufacturing plant in Chennai and has a dedicated team for developing electric motorcycles. Royal Enfield currently dominates the global middle-weight bike segment.
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Mitsubishi Electric India to acquire stake in Gervigreind Data Science
YourStory
·
6m ago
Medial
Mitsubishi Electric India plans to acquire a stake in Gervigreind Data Science Pvt. Ltd. to co-develop no-code data analysis applications, enhancing automation and digital transformation of manufacturing. This collaboration will integrate with Mitsubishi's FA equipment and SCADA software to simplify system development and expand global FA digital solutions. The move supports Mitsubishi’s transition to a "Circular Digital-Engineering" company amidst rising costs and evolving customer demands in the manufacturing sector.
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EX-Tesla Director Led DGI Rides Into India Via EVage Motors JV
Inc42
·
1y ago
Medial
UK-based electric drivetrain systems manufacturer DG Innovate (DGI) has entered the Indian market through a joint venture with electric commercial vehicle startup EVage Motors. The JV, with DGI owning 60% and EVage owning 40%, will establish a manufacturing plant in Chandigarh to produce DGI's proprietary Pareta electric drive system. The partnership aims to penetrate the Indian market and establish a global manufacturing base in India. EVage supplies electric vehicles to Indian logistics companies and plans to leverage the in-house motor manufacturing capabilities for vertical integration of its EV stack.
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Tesla launches Shanghai megapack battery project: Chinese state media
Economic Times
·
1y ago
Medial
Tesla has inaugurated its new megapack battery manufacturing plant in Shanghai, capable of producing 10,000 megapacks annually. The ceremony for the land purchase took place in Shanghai. Construction is slated to commence in Q1 2024, with production starting in Q4. Tesla's gigafactory in Shanghai currently operates at an annual capacity of 1.1 million units. The company hasn't received regulatory approval to expand EV capacity further in Shanghai.
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Gujarat Govt Allots 188 Acres To Tata And CG Power For Chip Plants
Inc42
·
1y ago
Medial
India has received investment proposals of over INR 2.5 lakh crore from global chip makers, according to the Minister of State for Electronics and IT. The Union Cabinet recently approved the setting up of the country's first semiconductor fab by Tata Group in partnership with Taiwan's Powerchip Semiconductor Manufacturing Corp. The Tata Group has been allotted 160 acres of land in Dholera for this purpose, while CG Power has been offered 28 acres in Sanand for its assembly, testing, marking, and packaging plant. The ground-breaking ceremony for both projects is scheduled for 13 March.
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Tata Group To Acquire Majority Stake In Pegatron’s India Ops
Inc42
·
1y ago
Medial
Tata Group is in the final stages of negotiations to acquire a majority stake in Pegatron's India operations, including an iPhone manufacturing plant in Chennai and an under-construction assembly unit. Post-deal, Tata will run Pegatron's operations in India with the Taiwanese company potentially providing manufacturing expertise. This move follows Tata's acquisition of Wistron's manufacturing facility in Karnataka. The deal aligns with Apple's efforts to diversify its production away from China and take advantage of incentives offered by the Indian government under the production-linked incentive scheme.
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Ford may return to Indian market with focus on EVs: Report
Livemint
·
1y ago
Medial
Ford Motor is planning to make a comeback in the Indian market by utilizing its manufacturing unit in Chennai to produce hybrid and electric vehicles. The company aims to focus on this segment as it looks to reestablish its presence in the country. The move comes as Ford aims to tap into the growing demand for electric and eco-friendly vehicles in India.
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Tata Motors’ Jaguar Land Rover manufacturing unit in Tamil Nadu may begin operations late in 2025 | Mint
Livemint
·
1y ago
Medial
Tata Motors is set to begin construction of the first Jaguar Land Rover manufacturing unit in India. The unit, which will solely produce electric vehicles (EVs), is expected to be operational by late 2025 or early 2026. Tata Motors has secured over 400 acres of land in Tamil Nadu for the project, which benefits from its proximity to ports in Chennai and Ennore. The manufacturing unit will form part of the Chennai-Bengaluru Industrial Corridor and help increase connectivity in the area. Presently, Jaguar Land Rover's manufacturing unit in Pune assembles completely knocked-down (CKD) models.
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