Zoho suspends $700 million India chipmaking plan
May 02, 2025
In June 2024, the Indian company had applied for government incentives under the India Semiconductor Mission (ISM) to build a compound semiconductor chip fabrication unit in Karnataka.
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JBM teams up with Hitachi to boost clean public transport in India
May 01, 2025
The partnership between Indian firm JBM Electric Vehicles and Hitachi ZeroCarbon will provide real-world insight into the performance and resilience of electrified transport in a high-demand urban environment.
Havells invests $70 million in Goldi Solar in renewable push
April 29, 2025
Havells India hopes to leverage Goldi’s rapid capacity expansion to 10.7 GW, with another 4 GW expected by July. Goldi also plans to set up domestic cell manufacturing capacity within 18 months.
India’s Indofast, Green Tiger team up to offer EV retrofit kits
April 28, 2025
The approach enables riders to convert their petrol two-wheelers to EVs with Green Tiger Mobility’s conversion kits. Riders can then use Indofast Energy’s battery-swapping network to deal with issues like range and charging times.
Hindalco delivers 10,000 aluminium battery enclosures for Mahindra e-SUVS
April 28, 2025
Indian aluminium company Hindalco also unveiled its EV component manufacturing facility in Maharashtra, built with a capital investment of USD 57 million and spread across 5 acres.
Hyundai opens battery research centre at IIT Delhi
April 25, 2025
This initiative is to establish a joint research system to advance future mobility technologies focused on electrification and battery systems.
Adani could spend $10B on data centre expansion in India
April 24, 2025
The data centres could be located in Andhra Pradesh, Maharashtra, Gujarat and Tamil Nadu and potential sites have been identified, with discussions already underway with landowners, according to a Bloomberg report.
Sify opens AI-ready data centre campus in Chennai
April 23, 2025
The facility will serve as a critical enabler for AI workloads and digital-first enterprises, providing scalable infrastructure and high-performance computing capabilities.
Ericsson sets up antenna manufacturing in India
April 22, 2025
Ericsson Antenna System (EAS) is expanding its local manufacturing footprint in India, positioning the country as a strategic innovation hub within the Swedish telecom company's global network.
ZF bags key order for electric axle from Indian manufacturer
April 22, 2025
The deal will see German firm ZF’s electric axle AxTrax 2 integrated into a new fleet of zero-emissions intercity buses, deepening ZF’s presence in India’s commercial vehicle electrification sector.
Atul Greentech and Amara Raja form EV battery alliance
April 21, 2025
As part of this agreement, the battery packs for Atul Greentech’s three-wheelers will be manufactured at Amara Raja’s Giga Corridor in the Indian state of Telangana.
Indian drone startup Garuda Aerospace raises $11.7 million
April 18, 2025
The funds will be used to scale up the company’s current production facility and fast track the completion of an R&D and testing hub dedicated to advanced defense drone design.
BC Jindal plans to invest $1.7B in making components for RE sector
April 18, 2025
The Indian company will invest the amount by 2030 to manufacture components for the renewable energy (RE) sector. To kickstart the venture, BC Jindal will make an initial investment of USD 465 million.
IIT Delhi partners with Micron to boost semiconductor research
April 17, 2025
The research will focus on electronic materials and AI-powered neural models to predict and mitigate fatigue and fracture propagation in copper-based electronic components, ultimately enhancing the reliability and performance of semiconductor devices.
Daikin inaugurates $58 million R&D centre in India
April 17, 2025
The new hub will employ over 500 engineers dedicated to researching and developing HVACR products that meet evolving energy standards, advanced technologies and refrigerant requirements for Indian and global markets.
Axiro Semiconductor launches chip design centre in Bengaluru
April 16, 2025
The new chip design centre aims to serve the global 5G and 6G markets, defence and satellite communication, IOT among others.
India’s Jitendra EV to invest $14 million in R&D and products
April 15, 2025
The electric vehicle maker is focusing on both high-speed and low speed electric two-wheelers to meet evolving customer requirements, which include last-mile delivery in the e-commerce sector.
GreenLine Mobility to invest $275M to decarbonize heavy truck fleet
April 14, 2025
The Mumbai-based company will also establish a nationwide network of 100 LNG refueling stations, EV charging stations and battery-swapping facilities in India.
Railway battery market to reach $514 million by 2030
April 14, 2025
There is a huge demand for railway batteries in Asia-Pacific in the forecast period, driven by China, India and Japan, which are the rail industry hubs in the region.
JSW completes $1.44B acquisition of O2’s 4.7 GW renewable platform
April 11, 2025
The portfolio is diversified across seven Indian states and includes 1.8 GW of solar, 0.5 GW of wind, 1.6 GW of hybrid, and 0.9 GW of complex solutions like FDRE/RTC.
Polymatech to set up $130M GaN chip plant in Chhattisgarh
April 11, 2025
In September 2024, Indian chipmaker Polymatech Electronics announced an investment of USD 16 million in Bahrain to establish a semiconductor manufacturing plant in the gulf country.
IBM acquires Hakkoda to enhance data platform expertise
April 11, 2025
This acquisition amplifies IBM’s ability to meet the rapidly growing demand for data services and help clients build integrated enterprise data estates optimized for speed, cost and efficiency.
Cyient to invest $100 million in new semiconductor subsidiary
April 09, 2025
Cyient Semiconductors, the new subsidiary of Indian company Cyient, will focus on scaling Application-Specific Integrated Circuit (ASIC) turnkey solutions for customers.
Indian solar startup Aerem secures $11M in Series A funding
April 07, 2025
The round was led by Japan-based venture firm UTEC with participation from British International Investment, SE Ventures, and Riverwalk Holdings. Aerem’s existing investors Blume Ventures and Avaana Capital also participated.
India’s Goat Robotics raises $311K in latest funding round
April 04, 2025
With this funding, the Coimbatore-based robotics and automation start-up aims to accelerate product development, refine AI capabilities, enhance R&D and expand market outreach.
Aerospace battery market to reach $335 million by 2034
April 04, 2025
North America is expected to remain the largest region in the aerospace battery market. Asia-Pacific, particularly China and India, will likely experience the fastest market recovery.
Indian defence tech startup Tonbo raises $20 million
April 04, 2025
The investment will boost the development of next-gen infrared sensors, deployment of high-power microwave tech, and working capital support for Tonbo Imaging’s global expansion ongoing programs.
Chip industry veteran KC Ang to head Tata Electronics’ foundry unit
April 03, 2025
Ang has worked extensively in countries such as Malaysia, Germany, the US and China. Most recently, he was President–Asia and Chairman–China at Global Foundries, where he served for over 15 years.
Wingtech sells key assets to Luxshare, shifts focus to semiconductors
April 03, 2025
Wingtech Technology Co., Ltd. has announced plans to divest major assets in a strategic move to exit the product integration business (its ODM business) and focus on semiconductors. The company disclosed the proposed transaction in a filing with the Shanghai Stock Exchange.
BelGaN’s facility to be repurposed for photonic chip production
April 02, 2025
As previously reported by Evertiq, the production site in Oudenaarde, Belgium — formerly operated by the bankrupt BelGaN — attracted interest from several potential buyers. Now, the site has reportedly found its new owner.
Exicom partners with IONAGE to make EV charging accessible in India
April 01, 2025
The companies seek to build a solid open charger discoverability and management platform for different charging networks to converge on, enabling end EV users to effortlessly charge across networks.
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