Latest Project Updates
Rs.2830 Million New Electric Tractor Mfg. Unit in Chennai, Tamil Nadu
Executive Summary: A new electric tractor manufacturing unit is proposed in Chennai, Tamil Nadu, with an estimated cost of Rs.2830 million. The project aims to produce eco-friendly and efficient tractors using advanced technology and machinery. The MoU signed in July 2022 indicates the company's commitment to supporting sustainable development, creating job opportunities, and contributing to the growth of the electric vehicle industry in India.
Rs.2500 Million New Electric Vehicles Mfg. Unit in Krishnagiri, Tamil Nadu
Executive Summary: A new electric vehicle, battery and motor manufacturing unit is under pre-project activities in Krishnagiri, Tamil Nadu. The greenfield unit will spread over 40,000 sq. m and expected to begin production in 2H23. The project is estimated to cost Rs. 2500 million.
Rs.2208 Million New Gears, Shafts, Ring Gears, Bevel Gears Mfg. Project in Solan, Himachal Pradesh
Executive Summary: A company is planning to establish a new gears and shafts manufacturing project in Manjholi Village, Nalagarh, Solan, Himachal Pradesh. The project involves manufacturing of gears, shafts, ring gears, bevel gears with a total capacity of over 2 million units. The estimated cost of the project is Rs 2208.6 million. The project has been approved by the State Single Window Clearance & Monitoring Authority in May 2022 and the project work has commenced as of July 2022.
Rs.8080 Million New automotive electronic devices Project in Bangalore
Executive Summary: A company is setting up a new unit in Bangalore for manufacturing automotive electronic devices such as ECU engine system, ECU Brake system, Body Computer Module. The project has an investment of Rs.8080 million and commenced in June 2022 after approval under the Modified Special Incentive Package Scheme in November 2021.
Rs.500 Million New EV Motors Mfg. Plant in Bangalore, Karnataka
Executive Summary: A company plans to establish an EV motors manufacturing plant in Bangalore, Karnataka with an estimated cost of Rs. 500 million. The plant is expected to have an initial manufacturing capacity of 2,000 units per day and will become operational by the end of 2022, creating job opportunities and supporting the government's goal of promoting electric mobility.
Rs.5000 Million New Electronic Vehicle Mfg. Plant in Karoli, Rajasthan
Executive Summary: A new electronic vehicle manufacturing plant is set to be established in Karoli, Rajasthan with an estimated project cost of Rs. 5000 million. The project has been approved by SIPB as of June 2022 and is expected to create employment opportunities in the region while manufacturing eco-friendly vehicles with cutting-edge technology.
Rs.5300 Million Passenger Car Radial Mfg. Expansion Project in Madhya Pradesh
Executive Summary: A PCR tire manufacturing capacity expansion project is underway in Banmore, Madhya Pradesh with an estimated cost of Rs. 5300 million. The project received board approval and is expected to be operational by December 2023, creating job opportunities and contributing to local development. The expansion will increase the production of high-quality PCR tires to meet the growing demand in domestic and international markets.
Rs.20000 Million New Tyres Manufacturing Unit in Chennai, Tamil Nadu
Executive Summary: A greenfield passenger car radial tyre plant is expected to be commissioned in FY20 in Tamil Nadu, with a capacity to produce 96 lakh tyres per annum. The project involves an estimated investment of approximately Rs. 20000 million to be spent over three to five years. As of May 2022, the project aims to expand the manufacturing capacity of tyres by around 30,000 tyres per day, with an investment of Rs.8000 Million.
Rs.10000 Million New Rail Coach Manufacturing Unit in Telangana
Executive Summary: An Indian company that designs and manufactures electronic solutions for locomotives plans to set up a rail coach manufacturing unit in Telangana in a joint venture with Stadler Rail. The project is estimated to cost Rs. 10,000 million, and pre-project activities were reported to be underway as of May 2022. Stadler Rail is a Swiss rolling stock manufacturer that will bring advanced technology and innovation to India's rail coach manufacturing. The investment will boost the "Make in India" initiative, increase domestic manufacturing, and create employment opportunities. The new unit will produce world-class rail coaches for both domestic and international markets once operational.
New Commercial EV Mfg. Plant in MIDC Chakan, Maharashtra
Executive Summary: A new commercial electric vehicle (EV) manufacturing plant is planned to be set up in MIDC Chakan, Maharashtra, India, with an annual production capacity of 2,500 vehicles. The plant will produce electric buses, trucks, and other commercial EVs to meet the growing demand for sustainable transport solutions in the country. The announcement was made in May 2022, and the project will contribute to the local economy and promote clean energy.