Scientists at state-owned National Chemical Laboratory in Pune, a city 90 miles east of Mumbai, India, have developed an artificial leaf that generates hydrogen. The device consists of semiconductors stacked in a manner to simulate the natural leaf system. When light strikes the semiconductors, electrons move in one direction, and...
Jeep Compass Sales in India Exceed Expectations
Fiat Chrysler Automobiles is close to making more revenue in India than it invested in a factory at Pune, 90 miles from Mumbai, due to strong customer response to the Jeep Compass SUV it launched in late July. "It is expanding into the world's largest markets such as India that...
Mars Food Acquires Tasty Bite in India
Mars Food, the European arm of Virginia-based Mars Inc, has signed a definitive agreement to acquire Preferred Brands International, based in Connecticut. The deal is expected to close by the fourth quarter of 2017, subject to regulatory approvals. Preferred Brands International, a manufacturer and marketer of ready-to-heat Indian and Asian...
GE Plants Deep Local Roots in India
In a remote eastern corner of the northern state of Bihar in India, 600 miles south-east of Delhi, GE's factory in Marhaura will house its locomotive project - GE's centerpiece of its $200 million investment. Government of India's $2.5 billion order for 1,000 locomotives over 11 years is one of...
GM Commences Export of Sedans from India
General Motors shipped a consignment of 1,200 Chevrolet Beat sedans to markets in Latin America from its plant located in Talegaon, near the city of Pune, in India. Production of these autos started a year ago. Earlier this year, GM had exported Chevrolet Beat hatchbacks to the same markets. GM...
Warburg Pincus to Invest in India's Tata Technologies
New York-based private equity firm Warburg Pincus will invest $360 million in Tata Technologies for a 43 percent stake, of which 30 percent will be acquired from Tata Motors, the parent company, and 13 percent from Tata Capital. Tata Technologies provides outsourced design, research and development services to the automotive, aerospace,...