RANJANGAON PUNE
ET Prime Special Series: Multibagger or IBC – Part 84: Can rising demand for decorative features drive this auto ancillary's growth?
A car can change its engine and still look almost the same. It can also keep the same engine and look so different that buyers happily pay more for it. That is the peculiar corner of the automobile industry this story explores. For one listed supplier, the shift to EVs may be less threatening than it sounds. The bigger question is whether changing consumer preferences can help it build a more valuable business.
Stellantis, Tata Motors ink passenger vehicle manufacturing pact for global markets
Stellantis has formed a partnership with Tata Motors Passenger Vehicles for vehicle production in India. This collaboration will leverage Tata's advanced technology and Stellantis' engineering expertise for competitive vehicle development. A new Jeep SUV will be produced based on Tata's Argos platform, further enhancing export potential. The vehicles will be manufactured at the Ranjangaon facility under a joint venture.
Schmersal Inaugurates Global Competence Center (SGCC) at AP4 Tech Park, Pune
The German safety technology group has opened its Global Competence Center and opened a new Product Experience Center at Amar Builders & Pristine Developers' commercial IT development in Wagholi, Pune.
LG Electronics India gets eligibility certificate for ₹705.74 crore Maharashtra incentives
LG Electronics India secured a significant boost from the Maharashtra government. An eligibility certificate confirms incentives totaling ₹705.74 crore for its expansion project. This approval validates past investments and secures future benefits. The company will receive annual incentives for 15 years. These benefits include tax refunds and subsidies. This support will bolster LG's manufacturing and export capabilities in India.
Hong Ju Jeon appointed as LG Electronics MD for India business
LG Electronics India on Wednesday appointed Hong Ju Jeon as the Managing Director, the company said in a press release. The former managing director, Young Lak Kim, has been promoted to the position of Executive Vice President. He will be joining as Korea Sales & Marketing Head.
Govt announces Electronics Manufacturing Cluster in Ranjangaon, Maharashtra with Rs 500 cr outlay
"To make Maharashtra into an electronics hub, we have approved an Electronics Manufacturing Cluster project in Ranjangaon, Pune. The total investment of the government will be about Rs 500 crore," Minister of State for Electronics and Information Technology Chandrasekhar said at a briefing.
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Tata Nexon crosses 1.5 lakh unit production milestone
"As the first car in India to receive a full five star adult safety rating by Global NCAP, an internationally renowned safety accreditation body in 2018, the Nexon has paved the way for other cars from Tata Motors like Altroz, Tiago and Tigor to establish new benchmarks in car safety in each of their respective segments," Tata Motors said.
Competition commission approves PSA-FCA merger
The two European groups had announced a merger in December 2019 to leverage their combined scale for better cost-efficiencies in an increasingly competitive and technologically fast-evolving global automotive landscape. The 50-50 merger will create the world’s 4th largest carmaker.
Fiat India suspends production till March 31 at Ranjangaon plant due to rising coronavirus cases in Maharashtra
The temporary suspension, which will be in effect until 31 March, 2020, is in response to the increasing prevalence of positive COVID-19 cases in the state of Maharashtra and particularly in Pune.
Fiat opens pre-bookings for SUV Jeep Compass
The vehicle, which is being locally manufactured at the company's joint-venture facility in Ranjangaon (near Pune), could be pre-booked at Rs 50,000, FCA India said.
Iconic American brand Jeep triggers price war in premium SUVs
The new models are part of Jeep's aggressive push into high-potential markets like India, Brazil, and China. A part of Fiat-Chrysler Automobiles (FCA) group.
Made-in-India Jeep marks tipping point for Fiat Chrysler's India turnaround: MD Kevin Flynn
Likely to be priced aggressively between Fiat Chrysler is hoping to ride on the SUV wave in the country and make a comeback.
Fiat's Ranjangaon plant near Pune will make the rugged SUVs
The Fiat brand cannot expect to ‘relive’ its history in India, and would instead have to ride on the Jeep brand to make its presence felt in the country.
Haier India eyes trebling revenue to Rs 6,500 crore by 2020
Haier India, which is expecting to close the year with over Rs 2,000 crore revenue, has invested Rs 490 crore to expand capacity at its manufacturing facility at Ranjangaon near Pune.
Former Rajya Sabha MP Bapusaheb Thite dies
Known as a close associate of NCP chief Sharad Pawar, he held key positions at various cooperative organisations and started educational institutes in Pune.
Givaudan to invest Rs 368 crore in new Pune facility
Givaudan, the Swiss manufacturer of flavours and fragrances, is set to invest around Rs 368 crore (55 million Swiss Franc) in a new facility at Ranjangaon near Pune.
Bombay Dyeing to sell Ranjangaon unit on a slump-sale basis for Rs 230 crore
The sale of the unit may not have any impact on the company’s existing retail business and its brand — Home & You — Bombay Dyeing.
Tata AutoComp Systems launches VRLA batteries
Tata AutoComp, along with its partners, has always tried to be at the forefront in offering cutting edge technologies to our esteemed customers.
3M Healthcare to operationalise second facility by end of year
3M Healthcare, part of US-based 3M, today said it will operationalise its new manufacturing facility in Pune by the end of this year.
Superfast special trains between Bilaspur and Pune
The Railways have decided to run 24 services of superfast special train Pune-Bilaspur-Pune via Nagpur to clear the extra rush of passengers from October 15 till year end.
Schmersal invests Rs 54 cr to set up facility in Pune
Schmersal India today said it has set up its first manufacturing plant in the country in Pune with an investment of around Rs 54.4 crore.
Dow Corning India's challenge is to prioritise opportunities: Diane Kelly
Dow Corning India's newly appted president, Diane Kelly, says challenge is to prioritise opportunities in India.
Samson Controls Pvt Ltd starts manufacturing plant in Ranjangaon
Samson Controls Pvt Ltd, a company that manufactures engineered control-valves, has started a manufacturing plant in Ranjangaon near Pune.
LG lines up Rs 450 cr capex plan for Pune operations
LG Electronics India (LGEIL), the Indian arm of the South Korean consumer electronics company, is expanding its manufacturing plant at Ranjangaon near Pune.
Pepsico to enter carbon trading business
PepsiCo India, the wholly-owned subsidiary of the US beverages and snack food major, is looking at monitoring its carbon footprint and entering the carbon trading business.
Saudi’s Zamil Steel sets up facility in Pune
Zamil Steel, a Saudi Arabia-based manufacturer of pre-engineered buildings (PEBs) has launched its operations in India. The company opened its first manufacturing facility at Ranjangaon near Pune and is currently conducting feasibility studies to open another factory in India.
30 peacocks found dead in 5 days near Pune; probe on
Clueless forest officials probing the deaths of as many as 28 peacocks in Ranjangaon near here were confronted by fresh finding of the bird plumage, suggestive of two more deaths, taking the toll in the last five days to 30.
Haier buys Anchor Daewoo's appliance biz
The brand rights for the South Korean electronics brand Daewoo in India would, however, continue to be held by the Anchor Group and would not be part of this deal.
LGEIL sets up optical drive plant at Pune
LG Electronics India (LGEIL) on Friday announced that it has set up the country’s first and Asia’s second largest optical disk drive (ODD) manufacturing unit at Ranjangaon.
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