Ashok Leyland to invest $565M to make next-gen batteries in India September 02, 2025 Indian commercial vehicle manufacturer Ashok Leyland has entered into a long-term exclusive partnership with China’s CALB for the development and manufacturing of next-generation batteries for both automotive and non-automotive applications.
Tessolve raises $150M from TPG to expand global delivery centres September 01, 2025 Bengaluru-based semiconductor engineering services firm Tessolve plans to use the funds to expand global delivery centres, scale advanced test labs and pursue strategic acquisitions to consolidate its position in the domestic and global semiconductor market.
CG Semi unveils one of India’s first end-to-end OSAT facilities August 29, 2025 CG Semi, a subsidiary of CG Power and Industrial Solutions and part of the Murugappa Group, has launched its first Outsourced Semiconductor Assembly and Test (OSAT) facility in Sanand, Gujarat.
Wardwizard, Battery Smart boost battery swapping network in India August 28, 2025 The “battery-as-a-service” model allows customers to purchase Joy e-bike vehicles without the battery, reducing the upfront cost of the vehicle by an estimated 20% to 30%.
Suzuki to invest $8 billion in India, starts EV production August 27, 2025 Suzuki’s Hansalpur plant in Gujarat, from where the company will be making its first e VITARA SUVs, is expected to become one of the world’s largest automobile manufacturing hubs with a planned capacity of 1 million units.
Iveco sells vehicle unit to Tata, defence business to Leonardo August 25, 2025 Leonardo, an Italy-based provider of security and advanced technology systems, has signed an agreement to acquire Iveco Defence for 1.7 billion euros. India’s Tata Motors is set to acquire Iveco's commercial vehicles unit for 3.8 billion euros.
izmomicro ‘achieves breakthrough’ in silicon photonics packaging August 25, 2025 The Bengaluru-based company has developed a high-density silicon photonics packaging platform capable of supporting 32-channel fiber input and output with an insertion loss of less than 2 dB.
Siemens Xcelerator empowers Skyroot in its digital transformation August 22, 2025 By adopting Polarion software from the Siemens Xcelerator portfolio, Indian space tech firm Skyroot Aerospace is able to unify its software and systems development processes, improve traceability and compliance, enhance collaboration, and streamline lifecycle management.
TI semiconductors boost capabilities of ISRO’s NISAR mission August 22, 2025 The launch of the satellite culminates a decade-long partnership between Texas Instruments (TI) and the Indian Space Research Organization (ISRO) to optimize the performance of the electronic systems responsible for this Earth-observation mission.
Amber Group acquires controlling stake in Unitronics August 20, 2025 The Electronic Division of Indian Amber Group, IL JIN Electronics, has entered into definitive agreements to acquire a controlling stake in Israel-based Unitronics.
INDIC expands into Europe with new office in Stockholm August 20, 2025 Indic Electronics Pvt. Ltd. (INDIC), an Indian EMS provider, is expanding into Europe with the opening of a new sales office in Stockholm. This marks the company's first physical presence on the continent as it looks to strengthen ties with regional clients and partners.
India approves 4 projects in $530 million boost to chip making August 20, 2025 The four new proposals approved are from SiCSem, CDIL, 3D Glass Solutions and ASIP Technologies. The SiCSem and 3D Glass units will be set up in Odisha, CDIL will expand its facility in Punjab, and ASIP will establish a plant in Andhra Pradesh.
Wipro looks to strengthen India’s PCB Ecosystem August 19, 2025 Wipro Infrastructure Engineering (WIN) has set up a new business division, Wipro Electronic Materials, as the company looks to manufacture high-performance base materials for PCBs.
Indian startup Olee Space secures $3 million in seed funding August 19, 2025 Olee is a photonics and defense tech startup that builds next-generation systems in Free-Space Optical Communication (FSOC), quantum-encrypted networking, and directed energy weapons.
iGo partners with Sun Electro Devices to scale up EV production August 18, 2025 Indian startup iGo, which operates under iGowise Mobility, focuses on electric platforms for urban and rural markets. The company’s strategy emphasizes collaboration with existing manufacturing infrastructure instead of building new facilities from the ground up.
PTC, Kineco to co-develop aerospace components and structures August 15, 2025 The collaboration between the two Indian companies brings together PTC’s expertise in high-integrity castings and materials like titanium and superalloys and Kineco’s capabilities in lightweight composite structures for aerospace and defence applications.
Ultraviolette raises $21M to accelerate electrification of motorcycles August 14, 2025 The funding round was led by the corporate venture arm of Japan’s TDK Corporation. Bengaluru-based Ultraviolette is expanding its distribution network with a presence in 20 Indian cities and a target of reaching 100 cities by year-end.
Eutelsat, Tata’s Nelco to offer LEO connectivity across India August 14, 2025 Under the agreement, OneWeb India Communications, Eutelsat’s local operating entity, will partner with Nelco to deliver secure, low-latency Low Earth Orbit (LEO) connectivity for customers on land, at sea, and in the air.
Indian startup Xovian raises $2.5 million to build RF satellites August 13, 2025 With this funding, the Bengaluru-based spacetech company plans to launch its first indigenous multi-frequency RF sensor in space, expand its engineering capacity, and scale towards delivering sovereign RF intelligence.
EnSilica opens mixed-signal design centre in Budapest August 12, 2025 UK-based chipmaker EnSilica has opened a new mixed-signal ASIC design centre in Budapest, Hungary, expanding its presence in the EU.
Artifex Interior Systems to acquire IAC Slovakia August 12, 2025 Artifex Interior Systems is the British subsidiary of India’s Tata AutoComp. This acquisition enhances Artifex’s existing offerings, marks the beginning of its European expansion, and supports its ambitious growth plans to become the valued partner of choice.
Jeh raises $11M to advance next-gen aerospace manufacturing August 11, 2025 Jeh Aerospace, a startup with operations in the US and India, is building precision manufacturing powered by software-defined manufacturing. It leverages friend-shoring to combine access to the US market with India’s talent pool.
Cyient enters into strategic channel agreement with GlobalFoundries August 08, 2025 As a channel partner, India’s Cyient Semiconductors will provide companies with fabrication access, technical consultation, design enablement, assembly, testing, and other value-added services to accelerate innovation and reduce time-to-market.
SAP Labs India unveils $225 million campus in Bengaluru August 07, 2025 The SAP Labs India Innovation Park will play a key role in enabling SAP’s global customers to unlock business value through enterprise-grade AI, data and application development, driven from India.
Tata AutoComp, Ichikoh form JV to acquire Valeo’s lighting business August 06, 2025 Tata and Ichikoh are in talks to finalise an agreement to acquire Valeo Lighting Systems (VLS), a business unit of Valeo India Private Limited.
Report: Kaynes planning to set up $570M facility in Tamil Nadu August 04, 2025 The upcoming plant at Thoothukudi in Tamil Nadu will manufacture advanced components such as 74-layer PCBs, high-density interconnect (HDI) PCBs, flexible PCBs, high-performance laminates, camera module assemblies, and wire harness assemblies, the report said.
India’s Amber Group acquires ‘controlling stake’ in Unitronics August 04, 2025 Amber Group's subsidiary ILJIN Electronics India has entered into a definitive agreement to acquire approximately 40.24% of the issued and outstanding share capital of Unitronics.
Trump’s new tariffs trigger confusion across the globe August 01, 2025 Economists estimate the overall tariff rate on US imports at around 15% compared to the roughly 2% at the start of the year. This makes it the highest level since the 1930s. However, in a hint that Trump was open to further negotiations, the White House said that the new measures will take effect in a week.
India’s Bharat Forge to set up ring mill for aerospace applications August 01, 2025 Bharat Forge has signed contracts with aircraft engine manufacturer Pratt & Whitney Canada for the supply of aerospace components.
Schneider Electric to take full ownership of India unit for €5.5 billion July 31, 2025 Schneider Electric will acquire the remaining 35% of Schneider Electric India Private Limited (SEIPL) from Temasek for an all-cash consideration of €5.5 billion. This transaction represents the next step in Schneider’s strategic investment focus on India.
Musashi’s new India hub to focus on energy storage, e-mobility July 31, 2025 Musashi will conduct research and development and prototyping activities in the Bengaluru centre, with a focus on developing next-generation energy storage systems and accelerating localisation in e-mobility technologies.
Tata Power signs 120 MWh BESS agreement with NHPC July 30, 2025 The project will help address peak power demand, enhance grid flexibility and enable seamless integration of renewable energy in the southern Indian state of Kerala.