Applied Materials, the semiconductor equipment maker in Santa Clara, California, wants its India team to take ownership of some of its global product lines, Fortune India reported on October 20. The company supplies the equipment, services and software that chipmakers use to manufacture semiconductors. The company plans to give its...
Renault Bets on Hybrids and CNG to Rebuild Its India Sales
Renault, the French automaker, launched a strong-hybrid version of its Duster sport utility vehicle in India on October 17. Its India chief says hybrids and compressed natural gas models could make up half of the company's India sales within two to three years. Entrance to Renault's Usine du Mans plant...
Bonfiglioli Plans a Stock Market Listing for Its India Unit
Bonfiglioli, the Italian maker of gearboxes and drive systems, plans to list its India subsidiary on the stock market, BusinessLine reported on Friday. The offer would be worth $258 million, and it would be a sale of shares by the parent company. The parent, which has its headquarters in Calderara...
BNP Paribas Takes Half a Million Square Feet of Office Space in Chennai
BNP Paribas, the French bank, has leased 500,000 square feet of office space in Chennai, in southern India, according to The Economic Times. The ten-year lease covers four floors at One Radial and is one of the largest office leases in the city this year. Mindspace Business Parks REIT, a...
KONE Chief Says India Is a Manufacturing Center for the World
KONE, the Finland-headquartered elevator and escalator maker, plans to raise exports from its factory near Chennai, in southern India, and sees the country's aging elevators as its next source of growth, its chief executive said in an interview. Philippe Delorme, president and chief executive of KONE Corporation, told The Hindu...
Logitech Starts Making Products in India for the First Time
Logitech, which makes workspace products such as webcams, has started manufacturing in India for the first time, at a facility in Manesar, not far from Delhi, run by a local manufacturing partner. Production starts with webcams, and Logitech said more product categories will follow as processes mature and each product...