The Defence Research and Development Organisation (DRDO) successfully conducted a flight trial of the Autonomous Flying Wing Technology Demonstrator, which was an indigenous high-speed flying-wing Unmanned Aerial Vehicle (UAV) from the Aeronautical Test Range in Chitradurga, Karnataka. The demonstration of this autonomous stealth UAV was a testament to the maturity of the technology readiness levels in the country. With this[Read More…]
Last month, the Union Ministry of Micro, Small, and Medium Enterprises (MSME) launched three sub-schemes under the RAMP programme. These sub-schemes were designed to support MSMEs in adopting green technology, promoting circular economy projects and addressing the problem of delayed payments. The first sub-scheme, MSME Green Investment and Financing for Transformation Scheme (MSE GIFT Scheme), provided interest subvention and credit[Read More…]
Indian Space Economy is expected to reach USD 44 billion with the implementation of Indian Space Policy in 2023, as per a written reply by Union Minister of State, Dr Jitendra Singh in Lok Sabha. Currently, the Indian Space Economy stands at around USD 8.4 billion which is roughly 2-3% of the Global Space Economy. In the last decade, from[Read More…]
Export prospects for CV suppliers were limited, but opportunities existed amidst headwinds. Ashish Bhatia explored in this multipart series. Export aspirations have faced significant challenges due to unprecedented and peculiar circumstances. These include geopolitical trade uncertainties, supply chain bottlenecks, recessionary trends, and a demand slump that threatens consumption. The Russia-Ukraine crisis has already impacted trade, and the Israel-Gaza crisis has[Read More…]
ACMA reassures continuity in robust growth backed by strategic investments in the auto components sector, writes Richa Tyagi. In its findings shared at the Industry Performance Review for the first half of fiscal 2023-24 (H1-FY24), the turnover of India’s automotive component industry during the period April-September 2023 stood at an impressive Rs.2.98 lakh crore (USD 36.1 bn). This translates to[Read More…]
Tesla has signed a deal with Tata Electronics to get semiconductor chips for their global operations the deal was officially signed a few months ago. This is a big step for Tesla as it shows their eagerness to enter the Indian automotive market, which is said to be the fastest-expanding market in the world. The agreement will position Tata Electronics[Read More…]
Tata Passenger Electric Mobility Ltd. (TPEM) and Shell India Markets Private Limited (SIMPL) have joined forces to advance India’s electric vehicle (EV) ecosystem. This collaboration, marked by a non-binding Memorandum of Understanding, aims to establish public charging stations across India by leveraging Shell’s extensive fuel station network and TPEM’s expertise gleaned from over 1.4 lakh Tata EVs on Indian roads.[Read More…]
Volvo Car India has inaugurated a cutting-edge Bodyshop in Mumbai, in collaboration with KIFS Volvo Cars, aiming to set new industry standards in automotive repair. The facility boasts advanced technology for crash repair, body measurement, and leather restoration, ensuring precise evaluations and flawless repairs for various Volvo models. Utilizing 3D measurement systems and advanced leather repair applications, the Bodyshop guarantees[Read More…]
CNH, a global leader in agricultural and construction solutions, announced the addition of a Multi-Vehicle Simulator (MVS) at the company’s India Technology Center (ITC). The first-of-its-kind MVS in the Indian off-highway segment will play a pivotal role in CNH’s global operations. This will serve as a key platform for various functions, including ergonomics simulation, user experience testing of controls, customer[Read More…]
National Investment and Infrastructure Fund Limited (NIIF), and iBUS NETWORK AND INFRASTRUCTURE PRIVATE LIMITED (iBUS), a leading digital infrastructure solutions company in India, announced an investment of around USD200 million in iBUS through NIIF’s Master Fund to support the growth of India’s digital infrastructure. The funds raised will be deployed towards scaling iBUS’ operations through organic and inorganic growth initiatives.[Read More…]
