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PURE EV plans Rs 400 crore fundraise for new factory expansion
Automotive Industries - Jan 28,2025
PURE EV plans to raise Rs 400 crore through 70% equity and 30% debt to fund expansion. The funds will support a new greenfield factory and expand its dealership network. The company, currently produci .

Emcure Pharmaceuticals unveils advanced R&D centre in Gujarat
Automotive Industries - Jan 27,2025
Emcure Pharmaceuticals has inaugurated its Formulation Research and Development Centre (ERC) in Ahmedabad, aiming to advance complex drug delivery systems like sustained-release formulations and lip .

People Tech Enterprises to invest Rs 1,800 crore for EV park in Andhra Pradesh
Automotive Industries - Jan 21,2025
People Tech Enterprises Pvt Ltd has signed an agreement with the Andhra Pradesh government to establish a 1,200-acre electric vehicle (EV) park, Orvakal Mobility Valley, in Kurnool. The Rs 1,800 cro .

AM/NS India to launch two advanced production lines in Gujarat
Automotive Industries - Jan 20,2025
ArcelorMittal Nippon Steel India will launch two new production lines at its Hazira facility in Gujarat to manufacture advanced automotive steel, reducing reliance on imports. The Continuous Galvani .

CEAT's Board approves Rs 400 crore capacity expansion at plant in Nagpur
Automotive Industries - Jan 17,2025
CEAT’s Board of Directors has approved a Rs 400 crore capital expenditure to boost production capacity at its Butibori plant in Nagpur, Maharashtra, by approximately 30%. The expansion, expected t .

Land acquisition process for Ballari jeans textile park completed
Automotive Industries - Jan 10,2025
The Karnataka government plans to develop a Jeans Park at Sajanjeerayanakote near Ballari to attract global investors, with Ballari positioned as an alternative to Bangladesh for textile exports. Indi .

Tata Motors to invest Rs 914 crore in new plant at Panapakkam, Tamil Nadu
Automotive Industries - Dec 24,2024
Tata Motors plans to invest Rs 914 crore in a new vehicle manufacturing plant in Tamil Nadu, with an annual capacity of 2.5 lakh units. The facility, focused on high-end cars, SUVs, electric, and luxu .

Uno Minda starts commercial production at lighting plant in Pune
Automotive Industries - Dec 10,2024
Uno Minda has begun commercial production at its 4W lighting plant in Khed, Pune, Maharashtra, with plans to gradually increase output. The plant supports the company’s strategy to meet rising deman .