Mahindra Logistics (MLL) has revealed that the construction of a warehousing facility in Phaltan, Maharashtra, with an investment of Rs 170 crore. The strategic move aims to cater to the rising demand in the region, particularly within the automotive and manufacturing sectors. Spanning 6.5 lakh square feet, the facility will be built in two phases. […]
The manufacturing sector in India has been witnessing proliferating growth in investment, depicting a crucial phase in the country’s economic arena. As per the published dossiers by the Department for Promotion of Industry and Internal Trade (DPIIT), the manufacturing sector engrossed substantial Foreign Direct Investment (FDI), with FDI equity inflows tallying around USD 17.51 billion […]
Global automakers are looking to turn India into an export hub, as people are shifting from local demand to pricier vehicles and that may spur more ‘India-first’ models, Nikkei Asia reported. India had already surpassed Japan and become the world’s third-largest car market and now it seems that they are turning the global manufacturers towards […]
Kansai Nerolac Paints (KNPL), the paint company in India, on Friday at the Board meeting announced its unaudited results for the first quarter of financial year 2023-24. For the quarter, the company declared Net revenue of Rs. 2071.2 crore, a growth of 6.5 per cent over the corresponding quarter of the previous year. The earnings […]
In a major development, Tata Group has announced that it will establish a battery cell gigafactory in the UK. “Today, I am delighted to announce the Tata Group will be setting up one of Europe’s largest battery cell manufacturing facilities in the UK,” said N Chandrasekaran, Chairman of Tata Sons, adding that the Group is […]
Pioneer Corporation today announced plans to expand its footprint in India by adding R&D presence. “By establishing R&D at Pioneer India in Gurugram and Bengaluru office, we will accelerate creating of innovation and develop innovative products and services in the mobility field as well as focusing on recruiting and training engineers with the aim of […]
