Nine of these 13 firms plan to make key components for air-conditioners, including compressors, motors, copper tubes, and control assemblies, with a combined investment of ₹1,816 crore, the ministry said. Four others will invest ₹98 crore in LED component manufacturing.
1 min read13 Nov 2025Cummins' urea dosing and supply module is meant for diesel engines compliant with India’s BS-VI emissions norms.
2 min read2 Sep 2025Due to China's export curbs on rare earth magnets, Indian automakers are requesting temporary relaxations of localization norms under the PLI-Auto and PM E-DRIVE schemes. Testing agencies will assess the implications of such changes on localisation levels and PLIs for manufacturers.
4 min read18 Jul 2025India's production-linked incentive scheme for electronics manufacturing services, starting 1 May, aims to boost manufacturing amid US-China trade tensions. With a targeted investment of ₹59,300 crore, it incentivizes local production of components, benefiting companies like Dixon and Amber.
3 min read28 Apr 2025The National Manufacturing Mission proposed in the Union Budget 2025-26 and the focus on clean tech manufacturing are expected to bring the sector the required support, says Girish Tanti, vice chairman of Suzlon Energy Ltd.
4 min read6 Feb 2025Out of the targeted 50GWh, the government has already awarded 40GWh of battery storage system manufacturing capacity to Ola Electric Mobility, Rajesh Exports Ltd and Reliance Industries Ltd
2 min read4 Oct 2024So far, the progress of the scheme has been slow in sectors like IT hardware, textile products and specialty steel, medical devices, automobile and auto components, ACC batteries, and white goods.
4 min read4 Apr 2024The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared