Nidec India’s Post

Exciting Insights into #India's #Power #Tool #Market India's Power Tool Market is set to surge, projected to hit nearly US$ 6.52 Bn. by 2029, with an impressive CAGR of 8.42%. The latest report examines COVID-19's impact across market leaders, followers, and disruptors, offering insights crucial for strategic decision-making. ACCESS FULL REPORT: https://lnkd.in/di--JQ-R Key Dynamics: The market is buoyed by macroeconomic factors, robust industrial growth, rising automotive sales, and a shift towards DIY culture. Electric power tools, particularly cordless variants, are gaining traction. Sector Analysis: Rapid urbanization and industrialization position the construction sector as a dominant force in the market. Electric power tools are expected to capture a significant 56.6% share by 2029, driven by technological advancements and demand for efficient tools. Regional Insights: India's import-heavy market sees major products sourced from Germany, China, and other global players. Strategic initiatives like Bosch Power Tools India's diverse range underline ongoing market developments. Stay ahead with comprehensive market analysis, strategic insights, and competitive landscapes shaping India's Power Tool Market's future growth. Explore more with our detailed research methodology. #PowerTools #MarketAnalysis #IndiaGrowth

Hello, Connections! We trust this message finds you well. Since completing our MBAs, my colleague Kushal Mosahary and I have been fortunate to immerse ourselves in the dynamic Electric Mobility industry, courtesy of Amara Raja Group's strong presence in the sector. During our exploration of the Indian consumer's perception towards E.V.s, we observed intriguing differences from their international counterparts' expectations. In pursuit of strategic insights into consumer mindset, we've launched a brief survey and would greatly appreciate your participation. Your input will greatly contribute to our research. Survey link: https://lnkd.in/gVzhWUxk The survey will require less than 3 minutes of your valuable time & consists of 9-14 multiple-choice questions. All responses are being collected anonymously. Kindly note, this initiative is a personal endeavor. Thank you for your support and best regards, Aditya & Kushal P.S.: Given our shared interests in related industries, please feel free to tag others within your network or share this message for broader engagement. #ElectricMobility #EVResearch #ConsumerInsights #Strategy #MarketResearch #IndustryAnalysis #Survey #MBALife #AmaraRaja #NewEnergy #ARACT #IndiaEV #ElectricVehicles #Sustainability #Innovation #FutureMobility #Networking #LinkedInConnections #AREML

PMI Electro Mobility Solutions Private Limited is working to reduce the cost of its vehicles by 25-30% by leveraging its core ability of #data and #technology. It is also aiming to double its turnover to ₹1,200 crore by 2025 from ₹600 crore expected in FY23. The company has made significant investments in research and development (R&D) and plans to use this to increase its indigenous raw material production. This will help to reduce costs and increase revenue. PMI Electro Mobility currently has an order book of 2,500 e-buses, which will help it to achieve its target of doubling turnover. The company is also working on developing new models of e-buses and strengthening its battery production unit. The #battery is a major cost component of an e-bus, and PMI Electro Mobility plans to make battery production as indigenous as possible at its in-house assembly factory in Dharuhera (Haryana). The company believes that with several companies announcing cell manufacturing indigenously, the cost of batteries can be reduced further. The Indian government's plan to deploy 50,000 e-buses under the National Electric Bus Program will also help to grow the market for e-buses. PMI Electro Mobility's share stands at 24% of the 4,933 e-buses sold in the country since 2017. To meet its expansion and operations targets, PMI Electro #Mobility is planning to raise ₹500 crore in about two years. Aanchal Jain

At the recently held symposium on '#ElectricMobility - Disrupting technologies for the #Transportation industry” at The Lalit Ashok Hotel (Bangalore), Rajesh Nath Managing Director, VDMA India Services Pvt Ltd, German Engineering Federation (VDMA), delivered an insightful talk on #greenmobility and #sustainabletransportation. He spoke on the #transformative impact of India’s #electricvehicle (#EV) policy on the #automotive sector and stressed on the need for #selfreliance in #automotivecomponents. Projecting an #exportgrowth of up to US$ 5 billion through #EVs, he highlighted that encouraging measures like Production-Linked Incentives (#PLI) and increased #investments are slated to create #jobopportunities in India. He pointed out the government’s recent #EVpolicy aimed to attract global players by #reducingimportduties on #electriccars for 15 years which is contingent on #substantialinvestment in the #manufacturingsector. This policy shift aligns with the ‘#MakeinIndia’ initiative and mandates manufacturing facilities in the country with minimum investments, creating domestic value addition, and local #production capabilities. On a concluding note he highlighted the #EVpolicy’s benefits, including #technologicaladvancements, #reducedimportdependency on crude oil, and a positive #environmental impact. In picture are seen - L-R: Ketan Jadhav, Director, EAC - EURO ASIA CONSULTING PRIVATE LIMITED, @Alexander Roßmann, Project Manager, FVA | Forschungsvereinigung Antriebstechnik e.V., Rajesh Nath, Managing Director, VDMA India Services Pvt Ltd - German Engineering Federation (VDMA), Achim Burkart, Consulate General, Consulate General of the Federal Republic of Germany, Bangalore and Dattatri Salagame, CEO & Executive Vice President, Bosch Global Software Technologies Pvt Ltd. VDMA India VDMA Rajesh Nath Manohar S Sandip Roy Rupashri Das Savio Andrews amen firoz #greenmobility #sustainabletransport #EV

As corporate citizens, it's our responsibility to rethink the way we manufacture and consume resources. At HRI India, we believe in the power of sustainable manufacturing as a catalyst for positive change, both environmentally and economically. 🔄 A Shift in Perspective: Sustainable manufacturing isn't just about reducing costs or meeting regulatory requirements; it's about embracing a mindset shift towards long-term resilience and responsibility. By prioritizing sustainability, we're not only safeguarding our planet but also future-proofing our business against risks associated with resource scarcity and environmental degradation. ☀ Driving Innovation: Our journey towards sustainable manufacturing is fuelled by innovation. From harnessing renewable energy sources like solar power to implementing water conservation measures and optimizing energy usage, every initiative is driven by our commitment to innovation and continuous improvement. 🌍 Global Impact: The ripple effects of our sustainability efforts extend far beyond our factory walls. By reducing our carbon footprint, conserving resources, and embracing circular economy principles, we're contributing to a healthier planet for current and future generations. At HRI India, sustainability isn't just a corporate initiative; it's our collective vision for a better, more sustainable world. Together, let's lead the way towards a brighter, greener future. #Sustainability #GreenManufacturing #SustainableManufacturing #FutureForward #HRIIndia

Exciting times for India's Economy! Recent foreign direct investments are propelling India's global competitiveness and innovation. Check out some game-changing deals of 2024 below: 🔹 Karnataka's Economic Stride: Karnataka seals eight MoUs worth US$ 2.76 Billion with global giants like Web Werks, Microsoft, Hitachi, Lulu Group, and BL Agro. These agreements drive investments in hyper-scale data centers, digital skilling initiatives, and rural economic growth, exemplifying Karnataka's prowess in attracting diverse industries. 🔹 DP World's Gujarat Venture: DP World partners with the Gujarat government in agreements worth US$ 3.0 Billion, focusing on developing deep-draft ports, economic zones, and Special Economic Zones, enhancing infrastructure and fostering economic activities along the western coast. 🔹 Boeing's Aerospace Centre: Boeing inaugurates a cutting-edge US$ 192.51 Million Engineering and Technology Centre near Bengaluru, fostering collaborations for next-gen aerospace and defence solutions globally, aligning with India's push for aerospace innovation. 🔹 Hyundai's Maharashtra Expansion: Hyundai Motors acquires General Motors India's Talegaon plant with a US$ 721.94 Million investment, aiming to expand manufacturing capacity, solidifying its presence in India's automotive market. 🔹 Vibrant Gujarat Global Summit: The 10th Vibrant Gujarat Global Summit sees MoUs signed for 41,299 projects with proposed investments totalling US$ 31.66 Billion, highlighting Gujarat's role as a foreign investment magnet and a vital catalyst for sustaining economic momentum. 🔹 Mercedes-Benz's Investment: Mercedes-Benz plans a US$ 24.03 million investment in India, unveiling over 12 vehicles, including three electric models, reflecting its commitment to expanding presence and embracing the growing electric vehicle market. 🔹 Corning Inc.'s Tamil Nadu Facility: Corning Inc. invests US$ 120.13 million in establishing a new manufacturing facility in Tamil Nadu, furthering India's manufacturing ecosystem and collaboration with key partners like Apple. #FDI #Investment #IndiaGrowth #MMWealthVridhi

According to recent forecasts, India is to become the fastest growing large economy in the world this year. The country’s drive to establish itself as a central supply chain hub will have a significant role in shaping the future of Asian logistics, which is why the region is gaining increasing attention. The latest Power Hour event organised by Business Sweden, Time for India, delved into insights and trends currently affecting the Indian market. Per-Ove Nordström from AFRY Management Consulting attended the gathering, keeping our finger on the pulse of current market developments. Three prominent trends emerge from India’s economic landscape: 📈 India is expected to remain among the fastest growing global economies in 2024 🏗️ The country’s long-term growth is supported by favourable trends such as its demography, infrastructure investments and high level of education 📦 Packaging is among the government’s prioritised sectors in the future, with potential benefits to fibre-based packaging   To discuss these trends and how we could best support our clients in benefitting from them, Amit Puri, in addition to David Powlson, Megha Talwekar, Somnath Ray and Tomi Amberla from AFRY Management Consulting and AFRY colleagues Antonio Bernucci and Visa Moilanen will participate in the internationally renowned pulp & paper exhibition Paperex in India early December. Reach out to Amit to start your journey towards optimised, efficient and sustainable activities in the local market. #makingfuture #managementconsulting #bioindustry #pulpandpaper #india

India's potential knows no bounds! 🌐💡 With Siemens' executive Neike envisioning India as not just the IT hub but also a manufacturing powerhouse, the possibilities are limitless. Let's harness this potential and shape a brighter future together. Contact us for Market research services  https://irsindia.com #IndiaInnovation #ManufacturingHub #SiemensVision #MarketResearchDriven   #MarketResearch #BeyondCustomers #UnlockInsights  #DreamBig  #FuelYourGrowth  #TechIndustry #MarketInsights  #BusinessTransformation #MarketResearch #MarketInsights #MarketResearch #manufacturinghub #fmcg

The Tamil Nadu government successfully organized a Global Investor Summit, garnering a remarkable investment of Rs 6.64 lakh crore. Notably, these investments were strategically distributed across the state, indicating a commitment to comprehensive and inclusive development. The state has further demonstrated its forward-looking approach by unveiling the first AI Policy in the country. With an ambitious target to transform Tamil Nadu into a trillion-dollar economy by 2030, showcasing an 18% Year-On-Year growth projection, the government remains optimistic given the current growth rate of 15% Year-On-Year in the region. The companies that invested include 1. Tata Electronics - 12,082 crore in Krishnagiri, Tamil Nadu. 2. Vietnamese VinFast - $2 billion at Tuticorin. 3. JSW Renewable Energy - 15,000 crore in Thoothukudi and Tirunveli, Tamil Nadu 4. TVS Group - 5,000 crore in Automobile, IT and Realty sectors across the state 5. iPhone manufacturer Pegatron - 1,000 crore at its Mahindra city manufacturing plant near Chennai. 6. Hyundai - 6,000 crore for Hydrogen resource centre in association with IIT Madras. 7. US's First Solar manufacturing facility in Sriperumbudur inaugurated. 8. Qualcomm inaugurated a new design centre in Chennai. 9. Tamil Nadu CM laid the foundation stone for an integrated manufacturing unit of Godrej. 10. Mitsubishi Electric to further invest 250 crore for expansion of its AC and compressor plant. 11. UK's Shell Energy to invest 1,070 crore in RE projects in Chennai. 12. Germany based ZF Group to invest 750 crore to expand its Coimbatore plant. 13. Royal Enfield signs MoU worth 3,000 crore for expansion of its Kanchipuram plant, employing 2,000 more. 14. French's Stellantis group to further invest 2,000 crore in its Tiruvallur automobile plant. 15. Indonesia based TKG Taekwang to invest 1,250 crore to set up a greenfield non-leather manufacturing plant, employing 9,000 people. Guidance Tamil Nadu #TNInvestorSummit2024 #