The company showcased products like JEET 4x4 (a proven vehicle platform, equipped to perform in hills, high altitude, cross country, plains & desert terrain), LBPV 4x4 (light bullet proof vehicle 4x4) and Tank T72 GB Assembly aggregates (gear boxes).

In defence sector, 68% of the capital procurement budget will be earmarked for domestic industry in 2022-23, up from 58% in 2021-22. Defence R&D will be opened up for industry, start-ups and academia with 25% of defence R&D budget earmarked.

It is estimated that over a period of five years, the PLI Scheme for automobile and auto components industry will lead to fresh investment of over Rs 42,500 crore, incremental production of over Rs 2.3 lakh crore

GWM is planning to shift its $1 billion investment in India to Brazil. Sources revealed that James Yang, the head of GWM’s operations in India, has been transferred to focus on the Brazilian market.

Tata Motors, launched an all-new variant of its most popular small commercial vehicle (SCV), the Ace Gold Petrol CX starting from Rs. 3.99 lakh.

Due to favourable market conditions and increasing demand from the US, Europe, India’s exported Plastics Goods amount to $9 billion during the financial year 2020.

Toyota Kirloskar signed a Memorandum of Understanding (MoU) with the Government of Karnataka, for imparting industry-specific skill, culture and knowledge in Industrial Training Institutes (ITIs).

These platforms are expected to facilitate the development of the key ‘mother’ manufacturing technologies' indigenously.

The government is planning to soon notify the production-linked incentive (PLI) scheme, announced as part of Aatmanirbhar Bharat initiative to boost domestic manufacturing, for sectors like auto components, steel, and textiles.