At present MSMEs having an investment up to Rs 50 crore in land, plant and machinery have been included in the state’s PSI. Even as the central government has further revised the criterion for defining micro, small and medium enterprises (MSMEs), a disparity in the cabinet note and the gazette notification has left indu
The car has been designed on the feedback received from the Toyota Gazoo Racing World Rally Team that competes in World Rally Championship (WRC) and other non- Toyota professional drivers. Japanese car manufacturer Toyota on Tuesday announced its full line-up for the new GR Yaris to go on sales in Japan. <
Many units in Bidadi are working at or below half their installed capacity, not entirely because of prohibitory orders. Normalcy is slowly returning to Karnataka's Bidadi industrial area, which houses the plants of some big companies, including Toyota Kirloskar, Coca-Cola and Bosch. Home to 165 manufacturing units,
For the manufacturing industry, “We’re all in this together” means rebuilding fragile supply chains and rethinking parts sourcing and production. To support these efforts, IMTS – The International Manufacturing Technology Show has launched IMTS.com/supplychain, an educational section of IMTS.com. Content includes storie
Nissan announced the decision to leave Barcelona last week as part of a turnaround plan. Nissan Motor Co has estimated the closure of its plants in Barcelona could cost up to around 1.5 billion euros ($1.7 billion), a union source told Reuters on Monday. The cost of the closure is at the heart of a d
Unlike sales of cars through dealers that most traditional automakers rely on, Polestar will sell directly to customers. Polestar, the premium electric vehicle maker owned by China's Geely [GEELY.UL], plans a big expansion of its showroom network in the mainland, sources said, as it prepare
Bajaj Auto is the No. 1 or 2 in more than a dozen African markets, with a cumulative market share of 40% of the 2.4-2.7 million two-wheelers sold there. Amid the border tensions between India and China in Ladakh, a pitched battle is being waged between two Indian companies and their Chinese rivals in faraway A
Beacon is a supply chain finance firm that provides real-time data of cargo delivery and a marketplace view of global shipping costs and prices. Amazon.com Inc chief executive Jeff Bezos has picked British startup Beacon, a digital freight forwarder, for his latest investment. Beacon s
3D printing is a powerful tool for generating custom parts, often with complex geometries, and serves industries from aerospace and defense, to automotive, to medical and dental, and beyond. The Xometry Ultimate Guide to 3D printing outlines 3D printing basics, getting started, and the top commercial 3D printing processes and materials u
"The latest PMI data suggested that Indian manufacturing output fell further in May," noted Eliot Kerr, an economist at IHS Markit. "This result is particularly poignant given the record contraction in April which was driven by widespread business closures." India's factory activity co
Maruti Suzuki resumed its manufacturing operations post lockdown strictly in accordance with the Government regulations and guidelines, from May 12th at its Manesar facility and from May 18th at its Gurugram facility. India’s largest carmaker, Maruti Suzuki on Monday reported a decline of 89% at 13865
Mach 1 has a special place in Mustang history. Ford has announced to bring in the iconic Mustang Mach 1 in 2021 in a limited edition avatar with a 5-litre, V8 performance engine. The iconic fastback coupe debuted during the first golden era of muscle cars in the late-1960s. “Mach 1 has a specia
At SKF AI, we want to make AI-Driven Industrial Analytics and its benefits to process accessible to all manufacturers, no matter how many data scientists they have on staff. To that end, our SKF Enlight AI maintenance 4.0 solution is built on Automated Machine Learning (AutoML). Freddy Hernandez, Director Connected Technologi
Punch Powertrain, an independent supplier of innovative and clean powertrains for leading automotive manufacturers worldwide, has named Gaspar Gascon to the role of chief technology officer (CTO). Gascon will develop and execute the company’s technology roadmap in line with the differentiating powertrain technology solutions required by
With the innovative Subsea Clamping Cylinder for fully automatic Bend Stiffener Connectors (BSCs), Bosch Rexroth is setting new standards in term of safety, reliability and economy. The system is designed for use for up to 25 years and offers high clamping forces, powerless holding operation, and easy installation with no need for manual
Volkswagen's planned $3.1 billion investment in Argo remains on track and is expected to close soon. Volkswagen said on Thursday its supervisory board had approved several projects in a multibillion-dollar alliance with Ford Motor that was first announced last July. The German carmaker
Hyundai is offering 50% discount on depreciation amount of insurance claims for cyclone-affected vehicles. Hyundai Motor India on Thursday said it has formed a relief task force to support its customers impacted by cyclone Amphan in West Bengal. As part of the initiative, the company has positioned dedicated em
