Manufacturing

Union Budget 2024 | Reaction from Mahesh Viswanathan, Deputy CEO and CFO, Finolex Cables Ltd. We welcome the employment and manufacturing generation initiatives outlined in the budget. The introduction of a credit guarantee scheme for term loans on machinery and equipment purchases, without collateral or third-party guarantees, is a progressive step that will empower MSMEs to innovate and expand, driving growth and job creation across the nation. Additionally, the exemption of...

Union Budget 2024 | Reaction from Bantwal Baliga, Group CEO, Acquaviva The Union Budget 2024 introduces a pivotal scheme aimed at incentivizing the hiring of first-time employees, a move set to transform the manufacturing sector. This initiative, benefiting 3 million youths and their employers through direct incentives based on Employees' Provident Fund (EPF) contributions over four years, underscores the government's commitment to fostering job creation and nurturing a skilled workforce....

Buy Hybrid Cars in UP; Pay Zero Registration Fees In a landmark decision aimed at fostering eco-friendly transportation, the Uttar Pradesh government has introduced a 100% waiver on registration fees for hybrid vehicles. This initiative is part of the state's broader efforts to promote sustainable mobility and reduce carbon emissions. The waiver will be applicable until October 2025, offering a significant incentive for those considering the purchase of hybrid vehicles.Impact...

Malaysia Emerges as Strategic Hub for German Machine Tool Industry Amidst the challenges of delivery difficulties, market lockdowns, and logistics bottlenecks faced during the pandemic, the German machine tool industry is strategically expanding its global footprint. A significant move in this direction was marked by the "Innovations in Production Technology – German Machine Tools Symposium," held on July 10, 2024, in Kuala Lumpur. Organized by the VDW (German Machine Tool...

Bajaj Auto Reports Double-Digit Growth in Q1 FY25 Bajaj Auto Limited has reported a strong performance in the first quarter of FY25, showcasing double-digit growth across all key financial metrics, including domestic and export revenue, EBITDA, and PAT.Quarter Highlights are as follows: Revenue from Operations: ₹11,928 crores, marking a 16% year-on-year (YoY) increase driven by robust vehicle sales and record spares revenue. This growth was supported by volume expansion in both...

Cummins India Expands IT Global Competency Center in Pune Cummins India has inaugurated its first IT Global Competency Center (GCC) at its India Office Campus in Balewadi, Pune, Maharashtra. The center was officially opened by Earl Newsome, Vice President and Chief Information Officer of Cummins Inc., Annapurna Vishwanathan, Chief Information Officer of Cummins India, and other senior officials.The establishment of this center is a cornerstone of Cummins’ multi-year IT transformational...

India Poised to Lead Global Circular Economy Transition: Highlights from ICEF2024 The New Delhi Leaders’ Declaration at the G20 highlighted India's increasing influence and aspirations to contribute positively to global governance and stability. India's role in the evolving geopolitical landscape is underscored by its efforts to balance national interests with global responsibilities. This declaration marked a significant milestone in showcasing India's leadership on the global stage, emphasizing the importance of...

Beckhoff Automation India Wraps Up Successful Automation Update 2024 Seminars Beckhoff Automation India has successfully wrapped up its "Automation Update 2024" seminar series. Held in four major cities, these events brought together Beckhoff customers, potential clients, and industry professionals from machine building, automation system integration, IT & OT programming, and end-user businesses.The seminars provided a platform for control system and machine experts to connect with Beckhoff technology experts. Participants engaged...

ABB India supports educational programs in 148 govt schools in Karnataka ABB India today announced the expansion of two educational programs as part of its CSR initiatives to support inclusive and equitable education. These programs, which were being run in 98 schools in Nelamangala, will now also expand to 50 schools in Peenya starting this academic year reaching a total of 148 schools and around 10,000 students from Peenya and...

Why quality electrical equipment is key to fire safety Tune in to this exclusive interview with S.S. Warick, Director of Maharashtra Fire & Emergency Services, as he discusses the impact of electrical equipment on fire incidents and the importance of adhering to quality standards in electrical installations. He also provides recommendations for the developer community to prevent electrical fire accidents.When it comes to fire accidents, how do you see the...

Triton EV launches “Made in India” Hydrogen Internal Combustion Engine Triton Electric Vehicle LLC, the electric vehicle company headquartered in Cherry Hill, New Jersey-USA, announces the launch of its cutting-edge hydrogen internal combustion engine. “This state-of-the-art technology is developed in India and is poised to transform the automotive industry by providing an eco-friendly zero-carbon emission alternative to traditional gasoline engines, emphasizing performance, efficiency, and environmental sustainability,” the company said.Triton EV's...

Industrial AI Conference enters its second round In the run-up to HANNOVER MESSE 2025, Deutsche Messe AG will be organizing the Industrial AI Conference on 22 January 2025 in Frankfurt, following on from the successful event in 2024. Next year, the AI Conference will be divided into three tracks: Business, Engineering and Deep Tech.“The Industrial Conference will be the ideal platform for exchanging information on the current state of knowledge...

IEEMA organizes 1st edition of Maharashtra Power Conclave in Mumbai The Indian Electrical and Electronics Manufacturers' Association (IEEMA) hosted the maiden Maharashtra Power Conclave on Friday in Mumbai. This exclusive event brings together key stakeholders, policymakers, and industry leaders to chart a course towards sustainable energy solutions in Maharashtra.Speaking at the inauguration, Vishwas Pathak, Director, Maharashtra State Electricity Board (MSEB) Holding highlighted that, “Maharashtra is on a trajectory to achieve...

Mahindra deploys ABB’s PixelPaint at its new electric vehicle paint facility Mahindra & Mahindra (M&M) will deploy ABB Robotics' PixelPaint to deliver personalisation options for its new electric vehicle paint facility. The technology, which uses an award-winning paint head similar to an inkjet printer, will begin serial production in 2025, a statement issued by ABB said.“Our revolutionary PixelPaint technology can apply large areas of uniform color as well as the...

Rise of Delta Automation India Hello Readers, welcome to another exciting episode of "Movers & Makers," where we dive into the stories behind the most successful brands and the visionary leaders who drive them.Delta Automation India has emerged as a significant player in the industrial automation sector, capturing the attention of industry professionals and enthusiasts alike. With a journey of rapid growth and relentless innovation, Delta Automation India stands out...