Manufacturing

Kinetic earmarks INR 57 crore from warrant conversion for driveline and EV expansion

Kinetic Engineering plans to direct approximately INR 17 crore to driveline capacity and INR 40 crore to its electric scooter business. The funding relates to the final tranche of promoter warrants issued in 2025, rather than a new public capital raise.

JSW launches AMPSTAR for electric buses and trucks at planned 15,000-unit plant

JSW Greentech has unveiled AMPSTAR for electric buses and trucks, backed by a 90-acre Maharashtra manufacturing project. An ICRA assessment provides financing context, while the launch release leaves vehicle prices, external orders and delivery schedules undisclosed.

Delvitech plans USD 10 million first phase for Bengaluru manufacturing expansion

Delvitech plans a 65,000 sq ft Bengaluru facility, initially investing USD 10 million and targeting operations in early 2027. The company previously announced Indian production, making the relationship between its existing and proposed plants a key follow-up.

Prime Industries board approves INR 11.47 crore preferential issue

Prime Industries’ board has approved a preferential issue of 2.73 million shares at INR 42 each, with Uday Narang proposed 2.49 million shares and an 11.32% post-issue holding, subject to approvals.

Mazagon Dock envisages INR 15,000 crore Dugarajapatnam shipyard

Mazagon Dock Shipbuilders has signed an MoU to anchor a proposed greenfield shipyard at Dugarajapatnam, envisaging INR 15,000 crore over five to seven years for a facility designed for 1.2 million gross tonnes a year.

ATS India announces exclusive distribution agreement for Hirata semiconductor equipment

ATS India says it will distribute Hirata’s semiconductor automation and handling equipment in India, initially focusing on standard products. The announcement does not identify customers, order volumes, investment commitments or the duration of exclusivity.

Musashi signs LOI for Bhago three-wheeler e-axles

Musashi says it plans to supply locally manufactured e-axles for the fixed-battery version of Bhago Mobility’s passenger three-wheeler. Production is targeted for 2027, but the announcement gives no order value or committed supply volume.

BMW prices its electric and petrol flagships identically at INR 1.95 crore

The BMW 740 M Sport and the i7 eDrive50 both cost INR 1.95 crore ex-showroom. India is now the only country besides Germany where the i7 is built.

Vedanta puts INR 21,000 crore of FY26 metals spending under an EV heading

Vedanta has framed more than INR 21,000 crore of FY26 metals spending as support for India's electric vehicle chain. The figure aggregates existing projects, and two metals cited saw output fall.

Gestamp invests INR 523.7 crore in a Gujarat plant as global vehicle output slows

The Spanish auto components maker has inaugurated its fifth Indian plant at Bhagapura in Gujarat, with two hot-stamping lines and about 240 employees, while cutting capital spending elsewhere.

Shivtek Spechemi to add 14,000 tonnes of chlorinated paraffins capacity at Kurnool

Specialty chemicals maker Shivtek Spechemi Industries will invest INR 15 crore adding 14,000 tonnes of chlorinated paraffins capacity at its Kurnool plant in Andhra Pradesh

Indian manufacturing on track for USD 2.7 trillion by 2047

A report based on research across more than 130 manufacturers finds India will fall well short of its 2047 manufacturing goal, with workforce productivity the biggest available lever.

Wadi Surgicals begins domestic production of black nitrile gloves for foodservice

Production has started at about 60 lakh gloves a month, with plans to double, for a category served largely by imports. Pricing and investment were not disclosed.

Mahindra moves on first 800 acres for its largest plant

The 1,500-acre Nagpur facility will have capacity for over 5 lakh vehicles and 1 lakh tractors a year. Mahindra has not disclosed the investment, the commissioning timeline or direct employment.

Gradiant to double Coimbatore engineering headcount to over 200

The water treatment company is expanding its Coimbatore engineering centre to more than 200 staff, taking on design work for international projects. Investment was not disclosed.

Rane (Madras) closes INR 370 crore friction deal

The acquired business generated INR 315.04 crore of revenue and 84 percent of Hindustan Composites’ turnover in FY2026. Rane paid about 1.2 times sales and expects the deal to add to earnings immediately.

Vedanta Aluminium launches IIT Delhi-developed alloy for carmaker’s

Automotive-grade alloys launched by Vedanta Aluminium at AutoEdge 2026 conclave.