Manufacturing

Kia and suppliers plan USD 2 billion investment in second Andhra Pradesh plant

The proposed Anantapur facility would add 2 lakh vehicles a year to Kia's installed capacity. The automaker is targeting production from early 2030.

Cosmo First reports Q2 net revenue of INR 1,388 crore and PAT of INR 99 crore

Earnings benefited from a US customs-duty write-back and a tax-regime change. The company also outlined film and rigid-packaging capacity additions for the second half.

Hyundai formally inaugurates Pune plant, reiterates 2030 expansion plan

Hyundai says its Pune plant has annual installed capacity of 1.7 lakh vehicles, with phased expansion planned to 3.2 lakh by 2030. The company lists investment of up to INR 11,000 crore at the facility.

Sensorise targets Q1 2027 market introduction for Wega M1 IoT module

Sensorise says the India-designed and manufactured 4G module is based on Qualcomm's 216 LTE IoT modem. Initial customer deployments are planned for Q1 2027.

South India’s steel gap is about product mix, not just capacity: BigMint-backed report

BigMint estimates South India produced 31.1 million tonnes of crude steel against 46.2 million tonnes of capacity in FY26. The figures imply roughly 67% utilisation.

AM/NS India and governments sign agreement for INR 200 crore ITI upgrade project

AM/NS India and the central and Andhra Pradesh governments say they have signed an agreement to upgrade four ITIs in the Visakhapatnam cluster. The approved project investment is INR 200 crore; individual funding contributions remain undisclosed.

Stellantis signs agreement to use Tata vehicle technology for global markets

Stellantis and Tata Motors Passenger Vehicles say a definitive agreement will give Stellantis access to Tata technology and vehicle architecture for products addressing more than 50 markets. Manufacturing is planned at their existing Indian joint venture.

Yokohama says 15-inch GEOLANDAR A/T is now made at Visakhapatnam

Yokohama says two 15-inch GEOLANDAR A/T sizes are now manufactured in Visakhapatnam, replacing imports, with 16–18-inch local production planned for 2027. The release does not disclose prices, output or a production-start date.

HD Fire Protect sets INR 258–271 IPO band for an entirely promoter-sale offer

HD Fire Protect’s IPO opens October 13 at INR 258-271 a share. The offer could total INR 712.31 crore at the upper band, with all shares sold by promoters and no proceeds going to the company.

Euler reports monthly electric cargo sales approaching 1,000

Euler Motors says it sold about 6,500 electric four-wheeler cargo vehicles over the past year, with monthly sales approaching 1,000 in September. Its Palwal facility has stated annual capacity of up to 24,000 vehicles.

KP Group sets FY32 targets for owned power, EPC and battery manufacturing

KP Group’s new strategy targets 10 GW of owned renewable generation, 10 GW of third-party EPC and 10 GWh of battery manufacturing by FY32. These are separate future business targets, not current operating capacity.

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.