Daikin Airconditioning India Pvt Ltd on Thursday said it is set to accelerate supplies of products manufactured in the country for both domestic and international markets with the commercialisation of its third plant. The company, a wholly-owned arm of Japan's Daikin Industries Ltd said its third integrated air-conditioning and compressor manufacturing facility at Sri City, Andhra Pradesh, has been set up with an investment of Rs 1,000 crore. The new plant spread across 75.5 acres has been set up as part of a PLI scheme and it helps the company leverage on India's manufacturing potential to produce for the world. "We have about 100 production units globally and a customer base in over 170 countries but India holds a special significance. As we expand our manufacturing footprint in India, we re-emphasise the importance of India in Daikin's global vision," Daikin Industries President & CEO Masanori Togawa said in a statement. "The country's dynamic market and skilled workforce align
Japanese auto major Honda is all set to introduce its India-made mid-sized SUV Elevate in the Japanese market next year. It would be the first instance that a product manufactured by Honda Cars India Ltd (HCIL), a wholly-owned unit of the Japanese firm, will be exported to the highly regulated Japanese market. HCIL is rolling out Elevate from its Tapukara (Rajasthan-based) production facility. "After its successful debut in India earlier this year, Elevate is scheduled for Spring 2024 launch in the Japanese market under the brand name WR-V," an HCIL spokesperson said in a statement. In a first for HCIL, the model will be manufactured in India and exported to Japan, it added. "This strategic move is a strong reflection of manufacturing capabilities of India operations and also solidifies our vision of making the country a key export hub in Honda business," the spokesperson said. The company's Tapukara-based plant is fully equipped to take care of the domestic as well as export ...
PhonePe on Saturday announced the launch of Indus Appstore developer platform, wooing Android app developers with the promise of zero platform fee or commission for in-app payments, as the digital payments firm made a bold and decisive move to confront the might of Google in the app marketplace with the Made-in-India app store. Akash Dongre, Co-Founder of Indus Appstore rued that app developers are forced to work with only one app store - Google Play Store - for distributing their apps, and vowed that the new offering will be a credible alternative, more localised, with better app discovery and consumer engagement. The Indus Appstore Developer platform comes with sweeteners - app listings on it will be free for the first year, after which a nominal annual fee will apply. Moreover, the Indus Appstore will not charge developers any platform fee or commission for In-App Payments. Developers will be free to integrate any payment gateway of their choice inside their own apps. These apps
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