Latest Project Updates
New Electric Motor Mfg. Project in Pune, Maharashtra
Executive Summary: A novel electric motor manufacturing project is being planned in Pune, Maharashtra, focusing on electric car motors with a projected capacity of 160,886 units annually. The filing of an Industrial Entrepreneurs' Memorandum in March 2023 signals the company's proactive approach. As of August 2023, the project is in the planning stage, poised to drive innovation in the automotive sector.
New Saleable Aluminium Castings Project in Tiruppur, Tami Nadu
Executive Summary: A company is initiating a machined castings project in Uthukkuli, Tamil Nadu, with a capacity of 2 million units per month. Their commitment to high-quality castings aligns with increasing industry demand. Obtaining consent from state pollution control authorities in May 2020 reflects environmental responsibility. This project integrates advanced technology, skilled labor, and sustainable practices, contributing to economic growth and job opportunities. By August 2023, the project encompasses an induction furnace, melting capacity, and saleable aluminum castings.
New Lead Acid Batteries Assembling Plant in Pumea, Bihar
Executive Summary: A company plans to set up a lead-acid battery assembling unit in Bihar with a capacity of 600,000 batteries per year and a plate processing capacity of 8,400,000 per year. They have obtained consent from the state pollution control authorities to establish the project as of May 2023.
Rs.480 Million New Commercial Electric Vehicle Mfg. Project in Dhar, Madhya Pradesh
Executive Summary: A commercial electric vehicle manufacturing project is underway in Gram Sulawad, Pithampur, MP. The initiative involves assembling 500 four-wheeler commercial electric vehicles, with an estimated cost of Rs. 480 million. Approval from state pollution control authorities has been secured by August 2023.
Rs.2207 Million New Automobile Parts Project in Ahmednagar, Maharashtra
Executive Summary: A company plans to establish an automobile parts manufacturing project in Parner, Maharashtra, with a capacity of 4,700,000 units per year. The estimated cost is Rs. 2,207.019 million. As of August 2023, the company has received consent from state pollution control authorities for the project's establishment, reflecting its commitment to environmental compliance.
Rs.997 Million EV Traction Motors Mfg. Expansion Project in Chennai, Tamil Nadu
Executive Summary: A company plans to expand EV traction motors manufacturing in Chennai, Tamil Nadu, increasing capacity to 600,000 units and adding 500,000 units of PCB Assembly by FY 2025, at an estimated cost of Rs. 997 million. Pre-project activities are underway as of July 2023.
Rs.160 Million New Engineering Project in Chikkaballapura, Karnataka
Executive Summary: An engineering project in Mastenahalli Industrial Area, Karnataka, with 1 acre of land and an estimated cost of Rs.160 million has been approved by Karnataka's State Level Single Window Clearance Committee.
New Gear Shifters and Clutch Release Forks Mfg. Project in Solan, Himachal Pradesh
Executive Summary: A new manufacturing project for gear shifters and clutch release forks is planned by a company in Village Damovala, Himachal Pradesh. The project aims to produce 720,000 units annually with an estimated cost of Rs. 73.5 million. The proposal received approval from the State Single Window Clearance & Monitoring Authority in June 2023, and the project work has begun as of July 2023.
Rs.8650 Million New Electric Scooter Mfg. Unit in Aurangabad, Maharashtra
Executive Summary: A company plans to establish an electric scooter manufacturing unit in Aurangabad Industrial City, Maharashtra. The project includes the production of electric scooters and ancillary components, with an estimated cost of Rs. 8,650 million. Investment approval has been obtained from the state government as of July 2023.
Rs.5300 Million Passenger Car Radials Mfg. Expansion Project in Gwalior, Madhya Pradesh
Executive Summary: A leading tire manufacturer plans to expand its passenger car radial production capacity by 17% at its plant in Gwalior, Madhya Pradesh. The project, costing Rs. 5300 million, aims to meet the growing demand and enhance its market position. Phase one of the expansion has been completed, increasing the annual output capacity by 31%.