In a report titled The Trillion-Dollar Manufacturing Exports Opportunity for India, Boston, MA-headquartered Bain & Company posits that India's manufacturing exports are set to touch the $1 trillion mark by 2028. Over the last two years India’s manufacturing exports stood at $418 billion in FY22, rising at a CAGR of...
Indian company to acquire Bombardier’s electrical wiring business in Mexico
Automotive parts manufacturer Motherson Sumi Systems Ltd (MSSL) based in the New Delhi area has signed a strategic agreement to acquire the electrical wiring interconnection systems (EWIS) business of Bombardier Transportation, the rail equipment division of Bombardier Inc. In a statement, Noida-based MSSL said it will acquire the Huehuetoca, Mexico-based...
BMW starts production of 5 Series luxury cars in India
There is a market for any product at any price in India. Most stories in the West have focused on the Tata Nano, the lowest cost car in the world, and while other low cost cars such as the Suzuki's Maruti line, entries from Hyundai, Renault, and even GM/Ford are...