Maruti Suzuki India has significantly increased its capital expenditure (capex) outlay to Rs 77,500 crore for the five-year period ending FY31, aiming to boost capacity, develop new models, and enhance R&D, as announced by MD and CEO Hisashi Takeuchi.
Prime Minister Narendra Modi inaugurated Micron Technology's semiconductor plant in Sanand, Gujarat, highlighting India's growing presence in the hardware sector and its strong partnership with the United States in AI and chip technologies.
Prime Minister Narendra Modi announced a new target of creating six crore 'Lakhpati Didis' to empower women and transform the rural economy. He highlighted the success of the existing initiative and the growing contribution of women in various sectors, from defence to technology.
Tata Sons has the balance sheet to support them, for now.
'All these reports and announcements by the US seem like attempts to gain a lever in trade deal negotiations with India.'
Jamshedpur FC secured a 2-0 victory against FC Goa in the Indian Super League, with late goals from Mohammed Sanand and Madih Talal propelling them to the top of the standings.
A man has been arrested in Gujarat for allegedly issuing death threats to Samrat Choudhary, the Chief Minister of Bihar, prior to his swearing-in ceremony.
Prime Minister Narendra Modi is set to inaugurate a semiconductor plant in Sanand, Gujarat, and launch multiple development projects worth over Rs 20,000 crore, marking a significant boost to India's semiconductor industry and infrastructure.
The Enforcement Directorate has attached fresh assets worth Rs 3,034 crore as part of its ongoing money laundering probe against the Reliance Anil Ambani Group (RAAG) companies.
French automotive component maker Valeo on Wednesday said it will invest over Rs 2,150 crore in India and treble its annual sales in the country to around Rs 7,510 crore by 2028.
Tata Projects on Tuesday said the construction of the US-based chip company Micron Technology's semiconductor assembly and test facility at Sanand near Ahmedabad is going on in full swing. The facility is coming up in nearly 50 acres of area at Sanand industrial area and the construction began in July last year.
Tata Passenger Electric Mobility (TPEM), a subsidiary of Tata Motors, on Friday announced that it has commenced production at its second factory in Sanand, Gujarat, which it had acquired from Ford India last year. This new facility will unlock an additional manufacturing capacity of 300,000 units per annum, which is scalable to 420,000 units. The new facility is spread over 460 acres and is adjacent to Tata Motors' existing passenger vehicle facility in Sanand.
Modi inaugurated the Semicon India 2025 in Delhi, in the presence of Chief Minister Rekha Gupta, and Union Minister of Commerce and Industry Jitin Prasada.
Tata Motors has inked a pact to acquire Ford India's Sanand-based manufacturing plant for Rs 725.7 crore, as it aims to bolster its passenger vehicle production capacity. As part of the deal, Tata Motors will get the entire land and buildings, vehicle manufacturing plant along with machinery and equipment situated therein, the Mumbai-based auto major said in a statement. The deal also includes the transfer of all eligible employees, it added.
Tata Motors on Monday said its subsidiary and Ford India have inked a pact with the Gujarat government to acquire FIPL's Sanand vehicle manufacturing plant. Tata Passenger Electric Mobility Ltd (TPEML) -- a subsidiary of Tata Motors -- and Ford India Pvt Ltd (FIPL) have today signed a memorandum of understanding (MOU) with the Gujarat government for the potential acquisition of FIPL's Sanand vehicle manufacturing facility, including land, buildings, vehicle manufacturing plant, machinery and equipment, Tata Motors said in a regulatory filing. The MoU also includes the transfer of all eligible employees of FIPL Sanand's vehicle manufacturing operations, subject to the signing of definitive agreements and receipt of relevant approvals, it added.
Maxxis Group of Taiwan, Singapore-based TongGarden decide to set up their facilities in Sanand.
Sanand has catapulted into the big league of automobile industry hubs.
The turnover of FMCG major Nestle India's has grown 2.5 folds to Rs 20,100 crore in last one decade, post the Maggi crisis in 2015, according to the company's latest annual report. At the time of crisis, Nestle India's turnover was at Rs 8,100 crore.
South Korean steel giant Posco has narrowed down on Sanand (Gujarat) for setting up its steel coil unit at an investment of $20 million.
Though the workers have not gone on strike, they moved the labour department for not receiving any wage hike since 2015.
Rediff.com's Prasanna D Zore and Photographer Reuben N V visit Gujarat's Sanand taluka, the recent hotspot for many high-profile investments: A fascinating story of unassuming crorepatis.
The conflict began around Diwali when a group of workers demanded pay hike.
Many vendors who had lost their investment in Singur, West Bengal, after being forced to abort production there, are yet to decide on relocating to Sanand. Most of these suppliers will address the demand for components from their existing plant locations to meet this year's Nano production needs.
We find out how the Nano factory has changed Sanand, from a sleepy village to a town bustling with activity and development.
The 125-km stretch covering Sanand, Hansalpur and Vithalapur, with connected nodes at Kadi and Halol, is set to emerge as the next major automobile hub in India.
At the rate of around Rs 40 lakh (Rs 4 million) for a bigha (0.62 acre), selling a couple of bighas can fetch one Rs 1 crore (Rs 10 million).
Big vendors left with smaller amounts as formula for compensation based on despatches.
Company says that this is a long-term plan as it continues to evaluate options.
Unlikely to follow Pune model where a bifurcated package had a portion of pay linked to performance
Tata Motors on Tuesday said it will ramp-up capacity at its Sanand (in Gujarat) facility that manufactures its low-cost car, Nano, to over 20,000 units per month and 2.5-lakh units annually by this fiscal.
The chances of former workers getting jobs depends on the model under which Ford would restart its Chennai plant operations -- under Ford India or as a joint venture or under any other model.
Nearly 60 vendors will move to the vendor park at Tata Nano's Sanand plant by March next year. The rollout of the car is set for the January to March quarter, and vendors will feed the plant at existing locations till they shift.
Bosch Rexroth (India) Ltd, a subsidiary of German automation giant Bosch Group, a drive and control solutions for industrial applications, has bought private land near the Tata Nano site in Sanand recently with plans to set up its second manufacturing unit in the state.
Tata Motors on Wednesday inaugurated the world's cheapest car, the Nano's, manufacturing facility here, nearly two years after it was forced to shift the plant out of West Bengal over a land row.
The car so far known by the code name 'Kite' will be a hatchback.
Ashrafbhai Pathan of Sanand, Gujarat, is an ardent Narendra Modi fan. "Ask any Gujarati today what Narendra Modi means to them and the future of the next generation and hear them articulate about Modi's achievements and vision," he tells anyone who cares to listen. Prasanna D Zore and Reuben NV report
Following the re-entry of French car maker PSA Peugeot Citroen, the erstwhile sleepy town -- already home to Tata Motors' manufacturing plant for small car Nano -- finds itself along the country's prominent auto hubs like Pune in Maharashtra and Sriperumbudur in Tamil Nadu.
Tatas' drive into Sanand area for their Nano project has given a major fillip to Mumbai-based real estate major K Raheja Corp to set up its support infrastructure projects in the area.
Inaugurating the facility, spread over about 1,100 acres, Narendra Modi said it cost him Re 1 to have the plant in the state.
Micron Technology, a global leader in memory and storage, is considering supplying Made-in-India chips from its Gujarat plant to one of its key global clients, Apple, whose vendors assemble iPhones in the country. Micron is setting up an assembly test marking and packaging (ATMP) plant in Sanand, Gujarat. Currently, Apple vendors import chips for manufacturing iPhones. Sources in the know say the aim is to use part of the production to supply to Micron's clients in India directly.
