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Volume: XXIX / No.04 (Private Circulation For Members Only) December - 2022
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In Focus
Electric Vehicles Industry: Charging Ahead
The electric vehicle industry’s significance and imminent growth are attracting prestigious investments. The EV industry has attracted around $6 billion (overall) in 2021 and is expected to gain $20 billion by 2030, according to the Indian Private Equity & Venture Capital Association, EY and IndusLaw report titled ‘Electrifying Indian Mobility’ released in July 2022....

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Tech Focus
How 3D printing makes prototyping easier?
3D printing is “the thing” now. It has not just taken the manufacturing industry by storm but is also going to make an impact on the future that we envision. The most impact that it has had is on the amazing prototyping industry....

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Rewinding 2022
A look at the year 2022
After a couple of tough years, 2022 felt like a step back from the brink. The year 2022 had lots of positive moments such as PV sales getting back to the pre-covid era, FDIs increasing in the country, the purchasing power of Indians getting better and many investment plans made by large entities...

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Bain & Company Report
‘India’s electric vehicles industry revenue pool expected to hit $100 billion by 2030
EV penetration to reach 35%–40%, in 2030 up from 2% in 2022 with two- and three-wheel leading the pack, stated a recently released report by Bain & Company....

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Factory Insight
Ingersoll Rand’s new factory extension is all about intelligent and flexible automation
Fastems is deeply involved in planning and delivering CNC automation for Ingersoll Rand’s factory extension in Tampere....

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Industry Updates
  • Aequs, KLE Technological University to set up Aequs Innovation Centre
  • GODI India manufactures India’s first ever 5.2 Ah 21700 Cylindrical lithium-ion Cells
  • Collins Aerospace opens new engineering and global operations centers in India
  • Vedanta inks pacts with 30 Japanese firms to develop Indian semiconductor manufacturing ecosystem
  • Foxconn unit invests $500 million in India affiliate
  • Renishaw expands its reach with new Technology Centre in India
  • HYM Drive Systems commissions manufacturing facility for electric drive units in Ludhiana
  • Zen Mobility set to launch a range of purpose-built ‘Light Electric Vehicles (LEV)’
  • ARTPARK-IISc sets up accelerator for advanced manufacturing of robotic systems
  • Tata Group to soon begin semiconductor chip manufacturing in India: Report
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