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).

Omega Seiki Mobility (OSM) and Log9 Materials have formed a strategic partnership to deploy 10,000 3-Wheeler Rage+ Rapid EV’s in Tier II and III markets of India by FY24.

The Adani Group said that it has signed a non-binding Memorandum of Understanding with Nasdaq-listed Ballard Power Systems.

The domestic forging industry said the Union Budget 2022-23 is focusing on investing more in infrastructure and renewable energy, that will indirectly support employment generation.

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.

The machine tool industry has a historic chance of growth due to the shift to electric vehicles and demand for localised manufacturing, as per the head of the biggest Taiwanese machine tool company.

Disruption in the global supply chain has opened up opportunities for large-scale manufacturing in India, aided by significant policy initiatives.

Automotive Component Manufacturers Association of India (ACMA), the apex body representing India’s Auto Component manufacturing industry announced a growth of 65 per cent over the first half of the previous year.

Manav Kapur, Executive Director, Steelbird International, shares four critical business abilities that automotive enterprises should acknowledge and execute to manage supply chain issues in future.