Page 2 - Manufacturing Sector

Renault Group gets CCI nod to acquire remaining 51% stake in Indian JV

Fair trade regulator CCI on Monday approved French auto major Renault group's proposal to buy out its Japanese partner Nissan's remaining 51 per cent stake in their Indian manufacturing joint venture -- Renault Nissan Automotive India Pvt Ltd. Renault Group B V and its nominee Renault SAS are acquiring the entire shareholding of the Nissan entities in Renault Nissan Automotive India Pvt Ltd (RNAIPL). "The proposed combination involves the acquisition of equity shares and fully paid-up zero coupon non-convertible redeemable preference shares held by Nissan Motor Company Ltd," the Competition Commission of India (CCI) said in a release. Japan (Nissan) and Nissan Overseas Investments B V (Nissan Overseas) are collectively divesting their stakes in the joint venture. Renault Group B V is engaged in the designing and manufacturing of passenger cars and light commercial vehicles worldwide and Renault SAS is engaged in the construction, maintenance and manufacturing of parts and ...

Manufacturing dominated new projects in Q1, share at 10-quarter high

The government has been driving much of the capital expenditure (capex) in recent years through its announced investments in roads, railways, and other infrastructure projects

Mahindra, Uno Minda eye making rare earth magnets in India as China curbs bite

Mahindra and Uno Minda are exploring rare earth magnet manufacturing in India as the government considers incentives and stockpiling amid Chinese export curbs

Is China using 'silent sanction' on talent to target India's mfg sector?

Over 300 Chinese technicians exit Apple supply chain; experts believe that the move may slow down skilling and affect efficiency but not production quality in Indian manufacturing sites

Datanomics: Half the manufacturing segments still far from pre-Covid level

Wood and its products recorded a higher production level by 3.7 per cent in the first two months of FY 26 over the corresponding period of 2011-12 but it was below the 2019-20 level

Fastest growth in years: Corporate manufacturing trumps household units

The gross value added by household manufacturing units has grown 13.5 per cent in absolute terms between FY19 and FY24 after adjusting for inflation

Manufacturing investment gestation rate rises to 5-year peak: CMIE

Global companies push for diversification may play a role

Why manufacturing-led export still matters for the poor countries

What made the traditional development model so successful was its reliance on exports, which enabled countries like South Korea to tap into virtually unlimited global demand

Manufacturing mission: The sector needs the right policy intervention

One of the core challenges lies in the structural composition of Indian manufacturing

DPIIT inks pact with Hafele India to help startups in manufacturing sector

The Department for Promotion of Industry and Internal Trade (DPIIT) on Thursday said it has inked a pact with furniture sector firm Hafele India to help startups in the manufacturing sector. Under the Memorandum of Understanding (MoU), Hafele will drive initiatives that support product innovation, local sourcing, and entrepreneurship through targeted investments, mentorship, and integration into global value chains. It will expand its support to startups and MSMEs by offering access to infrastructure, supplier development opportunities, technical collaboration, and market access, the department said. The DPIIT will facilitate ecosystem access through Startup India, enabling startup connections, program participation, and co-branding. Sumeet Kumar Jarangal, Director, DPIIT, said, "Through investments, mentorship, and ecosystem partnerships, we aim to empower startups that are building the next generation of globally competitive manufacturing capabilities." Sanjiv, Joint ..

Manufacturing reality: Domestic vs foreign consumption gets more complex

The degree of domestic versus foreign contribution to the consumption of a nation's economy

Manufacturing funds: Bet on potential gains from global trade shifts

There are 12 actively managed manufacturing funds, which have total assets under management (AUM) of ₹32,999 crore. Four passive funds also exist; they together have an AUM of ₹473 crore

Wendt India Q4 results: Profit slips 3.7 % to ₹12.9 cr; revenue up 8%

Wendt (India) Ltd, an abrasive and precision component manufacturer, reported a consolidated net profit of Rs 12.89 crore for the January-March 2025 quarter, the company said. The city-based company, part of the diversified Murugappa Group, had registered a profit of Rs 13.38 crore during the corresponding quarter of the previous financial year. For the year ending March 31, 2025, the consolidated net profit stood at Rs 39.48 crore, as against Rs 40.95 crore recorded during the same period last year. The consolidated total income for the January-March 2025 quarter rose to Rs 77.71 crore, from Rs 71.89 crore in the corresponding quarter of the previous financial year. For the full year ending March 31, 2025, the consolidated total income increased to Rs 242.48 crore, compared to Rs 233.95 crore in the year-ago period. The Board of Directors has recommended a final dividend of Rs 20 per share (200 per cent on the face value of equity shares of Rs 10 each). The payment of the final .

Magma raises $5 million Series A led by Capria to scale B2B solutions

The company has been operationally profitable since inception and is currently growing at a Rs 250 crore revenue run rate

BC Jindal Group enters RE component space, to invest ₹15K cr by 2030

BC Jindal Group on Tuesday announced its foray into renewable energy component manufacturing space with a plan to invest Rs 15,000 crore by 2030. In a move to expand its business portfolio, the group will diversify and commence manufacturing of key components, including solar cells and modules, storage battery cells, and assembly and solar glass, the company said in a statement. BC Jindal Group, India's leading conglomerate with over Rs 18,000 crore annual turnover, has announced its strategic entry into component manufacturing for renewable energy power generation, the statement said. The group aims to achieve capacity additions with investments to the tune of Rs 15,000 crore by 2030, it stated. In the first phase of the project, the group aims to deploy an investment of Rs 4,000 crore to kickstart its renewable energy component manufacturing venture. This phase will include setting up 2 GW of solar cell manufacturing/ solar module production, 4 GWh of battery storage capacity, a

Fans, motors company ebm-papst to invest Rs 340 crore in Chennai factory

Fully operational plant will employ around 700 people and boost local production, says German firm

India's March factory activity expands at its fastest pace in 8 months

'Buoyant demand' helps sales by companies that report fastest drop in finished goods stocks: PMI survey

Manufacturing PMI rises to 8-month high in March driven by new orders

The rise was driven by stronger new orders growth, as the New Orders Index reached its highest level in eight months, supported by increased customer interest

BYD to set up first India EV factory near Hyderabad, eyes 600K cars yearly

The Telangana government has suggested three potential sites for the facility, all located near Hyderabad for the proposed BYD plant

Govt mandates quality norms for hinges to curb substandard imports

The government has issued mandatory quality norms for hinges to curb the import of sub-standard goods and boost domestic manufacturing of these goods, according to a notification. The Hinges (Quality Control) Order, 2025 was issued in this regard by the Department for Promotion of Industry and Internal Trade (DPIIT) on March 21, this year. Under these orders, items cannot be produced, sold, traded, imported and stocked unless they bear the Bureau of Indian Standards (BIS) mark. The notification said this order would not apply on these goods manufactured domestically for exports; and up to 200 articles imported for the purpose of research and development by manufacturers of hinges per year with the condition that such items would not be sold commercially. "Any person who contravenes the provisions of this order shall be punishable under the provisions of the Bureau of Indian Standards Act, 2016," it said, adding the order will be implemented from July 1, 2025. Violation of the ...