News

ACMA: Indian Auto Component Industry Reaches INR 7.6 Lakh Cr in FY2025-26

Automotive Component Manufacturers Association of India (ACMA), the apex body representing India’s auto component industry, released the findings of its Industry Performance Review for FY2025-26. The industry recorded a turnover of INR 7.60 lakh crore (US$ 85.9 billion), registering a growth of 12.7 percent in rupee terms over the previous fiscal.

Carborundum Universal to Provide Ceramic Armor for DRDO’s Vikram VT21 Platform

DRDO’s Vehicles Research and Development Establishment at Ahilyanagar has officially recognized Carborundum Universal Ltd (CUMI) as a partner of choice to armor the Vikram VT21 indigenously developed infantry combat vehicles.

Gleason Corporation Appoints Bijal Thakkar President and COO

Gleason Corporation announced the appointment of Bijal Thakkar as President and Chief Operating Officer. With this appointment, Gleason reinforces its commitment to long-term growth while remaining focused on delivering innovative solutions that help customers succeed in an increasingly dynamic global marketplace.

Cosmoserve Space’s ‘Mission Embrace’ to Demonstrate World’s First In-Orbit Soft Robotic Capture

Cosmoserve Space, an Indian startup developing Active Debris Removal (ADR) technologies, announced Mission Embrace, its first orbital technology demonstration, which will fly aboard Skyroot Aerospace’s Vikram-1 maiden orbital launch, Mission Aagaman, during the approved launch window between July 12 and August 4, 2026.

ACE India, KATO Japan Form JV to Manufacture High-Capacity Cranes in India

Action Construction Equipment Ltd, India’s leading construction equipment manufacturer and the world’s largest Pick-and-Carry crane manufacturer, and KATO Works Co, Ltd, Japan’s globally recognized manufacturer of mobile cranes and construction machinery, announced ACE KATO Pvt Ltd, their 50:50 joint venture company that will manufacture high-capacity cranes in India for domestic and global markets.

Garuda Aerospace Strengthens Defence Portfolio with Micron Instruments Partnership

IPO-bound drone startup Garuda Aerospace has signed a Memorandum of Understanding (MoU) with Micron Instruments Pvt Ltd, a leading Indian manufacturer of precision fuzes, defence ammunition systems, and critical military components.

CG Semi Commences Commercial Production at G1 OSAT Facility in Gujarat

CG Semi Pvt Ltd established as a joint venture between CG Power and Industrial Solutions Ltd of the Murugappa Group, Renesas Electronics Corporation, and Stars Microelectronics. Headquartered in Gujarat, CG Semi announced the commencement of commercial production at its G1 Outsourced Semiconductor Assembly and Test facility in Sanand.

Formnext Expands Focus on Security and Defence; Formnext Defence Summit to Launch in 2026

Formnext, the leading international exhibition for Additive Manufacturing (AM) and modern production technologies, is expanding its range of content to address the growing importance of additive technologies in the security and defence sector.

Taiwan Connects Indian Manufacturers with Smart Manufacturing Solutions at AMTEX 2026

Organized by the International Trade Administration (TITA), Ministry of Economic Affairs, Taiwan, and implemented by the Precision Machinery Research & Development Center (PMC), the Taiwan Smart Machinery Promotion Program will take place at AMTEX 2026, at India Expo Mart, Greater Noida, from July 24–27, 2026

Merlinhawk Aerospace, Vega Composites Launch Advanced Composites Manufacturing Facility in Tamil Nadu

Merlinhawk Aerospace Pvt Ltd, in partnership with Italy-based Vega Composites, inaugurated its advanced composites manufacturing facility – Merlinhawk Composites & Engineering Pvt Ltd at Shoolagiri in the Tamil Nadu Defence Industrial Corridor, marking a significant step in India’s evolution as a globally competitive aerospace manufacturing hub.

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