Kongsberg Automotive, Pune plant in India has been awarded a contract for cable gear shift systems for manual transmissions from an unnamed Indian commercial vehicle manufacturer. The $30million contract is for four years for the New Generation Truck platform - multiple models -which the supplier says is a "breakthrough for...
Medical Device company expands product development and sales in India
Frans van Houten is the CEO of the $31 billion Dutch giant Philips. During a visit to India recently, he said healthcare is growing rapidly in India for Philips. In fact, the company has become the number one healthcare technology provider in India. The company designs and makes its own...
India's share of global exports doubles since 2000
According to an article in the Economist, Pune in west India, has won the steely hearts of Germany’s car firms. Inside a $700m Volkswagen plant on the city’s outskirts, laser-wielding robots test car frames’ dimensions and a giant conveyor belt slips by, with sprung-wood surfaces to protect workers’ knees. It...
Hyatt Hotels expands in India
Hyatt Hotels Corp. signed two new management agreements in India, bringing its total to 56 properties in the country. Opening at the end of 2014, the 275-room Andaz Gurgaon (in the New Delhi National Capital Region) will feature a spa and fitness center and 11,500 square feet of meeting space....
Paccar to source truck components from India
Nasdaq-listed Truck maker Paccar is tapping India for component sourcing and developing technology for its global operations, but has no plans now to sell or assemble products in the country. The work at the technical centre has already begun and the company will hire 200 employees by the end of...
Sandvik to open Pune facility to serve medical device companies
Sandvik AB of Sweden will open a medical technology division in the city of Pune (100 miles inland from Mumbai) via its Indian subsidiary to provide manufacturing services for medical device customers. Sandvik is a supplier of materials and manufacturing services to medical device OEMs globally. The Sandvik Bioline medical...