Olectra Greentech, India penalized over delay in completing Seetharampur EV plant On December 18, 2025, Olectra Greentech Limited reported a delay in completing the full factory construction of its Greenfield EV Manufacturing Facility at the Industrial Park, Seetharampur, Hyderabad, Telangana, following which Telangana Industrial Infrastructure Corporation Limited (TSIIC) levied a penalty of about INR 25.8 million for the period from November 12,...

News  Updated at: 2025/12/19

Keto Motors, India signs MoU Telangana government for greenfield electric bus factory On December 11, 2025, Keto Motors signed a memorandum of understanding (MoU) with the Government of Telangana to set up a greenfield electric bus manufacturing facility at Jadcherla with a proposed investment of around INR 3 billion. The plant is planned with an initial annual capacity of over 1,000 electric buses, scalable in line with market demand.  The prop...

News  Updated at: 2025/12/15

tal of INR 1.5 million and will focus on mobility ancillaries, including radars, sensors, and software.​ NOVELIC d.o.o. holds 100% of Novelic India’s share capital, and the incorporation does not involve any related‑party acquisition, government approvals, or consideration details, as it is a greenfield setup rather than a purchase.  Based on the Sona Comstar stock exchange notification ...

News  Updated at: 2025/12/01

Exide Industries, India further invests in Exide Energy Solutions On November 25, Exide Industries Limited (EIL) invested an additional INR 750 million in its wholly owned subsidiary, Exide Energy Solutions Limited (EESL), increasing its total investment in EESL to INR 40.22 billion. EESL is currently developing a greenfield plant in Bengaluru for the manufacture and sale of lithium-ion battery cells, modules, and packs, targeting both electric ...

News  Updated at: 2025/11/26

Olectra Greentech, India focuses on greenfield expansion and blade battery tech In an investor update, Olectra Greentech Limited updated that its new Greenfield plant is now partially operational, currently operating at a single-shift capacity of 2,500 electric vehicles per year. This output can be scaled up to 5,000 units with the implementation of a second shift. On the technology front, Olectra has achieved homologation approval for its advan...

News  Updated at: 2025/11/20

e capacity and ensure optimal asset utilization. The first phase of Uno Minda’s new 4-wheeler alloy wheel facility at Kharkhoda, which will add 60,000 units per month, is now under commissioning. In the electric vehicles segment, Uno Minda’s joint venture with Inovance Automotive is advancing a greenfield plant to manufacture high-voltage EV powertrain components. Phase 1 of this project is expected by Q2 FY27, with initial customer deliverie...

News  Updated at: 2025/11/14

reciation and amortization over that period. The financial impact of the fire was revealed as Novelis posted second-quarter net income of USD 163 million, up 27% year over year, though adjusted EBITDA declined 9% to USD 422 million. Other than the New York plant, Novelis is heavily investing in its greenfield plant in Bay Minette, Alabama, to expand rolling and recycling capacity there. The company expects to begin commissioning its cold mill in ...

News  Updated at: 2025/11/05

ent robotics, and real-time process optimization to achieve manufacturing optimization. These innovations are planned to enable reconfigurable production lines, enhanced quality control, and help support scaling operations, to both reduce costs and accelerate delivery. Through digital twins of both greenfield and brownfield factories, teams can collaboratively plan, simulate, and validate layouts faster.  (Lucid release on October 28, 2025)...

News  Updated at: 2025/10/31

ed (EIL) announced an additional INR 650 million investment in its wholly owned subsidiary, Exide Energy Solutions Limited (EESL). This brings Exide Industries' total investment in EESL to INR 39.47 billion, with no change in the 100% shareholding structure. EESL is in the process of setting up a greenfield plant in Bengaluru for manufacturing and selling lithium-ion battery cells, modules, and packs. Based on Exide Industries' stock exchange n...

News  Updated at: 2025/10/29

TACC Limited, India, secures credit facility for lithium-ion battery grade graphite anode plant On October 15, 2025, TACC Limited, a wholly owned subsidiary of HEG Limited and part of the LNJ Bhilwara Group, secured a INR 12.3 billion credit facility from State Bank of India to fund a greenfield manufacturing facility in Dewas, Madhya Pradesh. The facility will have an annual capacity of 20,000 MTPA of lithium-ion battery grade graphite anode mat...

News  Updated at: 2025/10/17

VECV to manufacture Volvo Group’s automated manual transmissions for India and other markets On October 8, VE Commercial Vehicles (VECV), a Joint Venture between Volvo Group and Eicher Motors, announced an investment of INR 5.44 billion for the production and final assembly of the Volvo Group’s globally state-of-the-art 12-speed automated manual transmission (AMT).  The greenfield factory will be established at Vikram Udyogpuri Integrated In...

News  Updated at: 2025/10/09

Meleghy Automotive opens new plant in Hungary On September 18, Meleghy Automotive opened a new plant in Miskolc, Hungary. Meleghy Automotive will manufacture components and welded assemblies for customers, including BMW and Mercedes. The new greenfield plant has an area of 6,500 square meters.  Built with an investment of EUR 20 million, the plant has a wide range of innovative joining technologies and highly automated processes. At present, it ...

News  Updated at: 2025/09/19

vernment has also invited JFE Shoji to consider participating in the revival of the NGEF plant in Hubballi. Yaskawa will expand its motion control and variable frequency drives operations in Bangalore. The government has committed to facilitating this development. Shinko Nameplate Co. will build a greenfield manufacturing facility near Bangalore at an investment of INR 1.0 billion. The plant will cover 2.3 acres and manufacture automotive plasti...

News  Updated at: 2025/09/11

Mukand Sumi plans greenfield integrated steelmaking facility in India On September 1, Mukand Sumi Special Steel Limited (MSSSL) announced it is constructing a greenfield integrated steelmaking facility at Kanakapura, Koppal, Karnataka. A joint venture between India’s Bajaj Group and Sumitomo Corporation, MSSSL continues to strengthen its position as a leading special steel manufacturer in India.  With this collaboration, the MSSSL’s producti...

News  Updated at: 2025/09/05

Motherson Sumi Wiring India updates about capacity expansion In its annual report for FY 2024-25 (ending March 31, 2025), Motherson Sumi Wiring India Limited (MSWIL) announced that in the past three years, it has launched seven new Greenfield projects and now operates 30 facilities across India. In FY2024-25, the new facility in Marunji, Pune, commenced operations, supporting both ICE and EV programs.  Greenfield plants in Navagam in Gujarat and...

News  Updated at: 2025/08/29

Rico Auto, India updates about its Hosur greenfield plant In an investor update, Rico Auto Industries Limited confirmed that its new greenfield manufacturing facility in Hosur is progressing on schedule, with first production slated for Q1 FY27. The Hosur plant will expand the company’s capacity for both ferrous and non-ferrous components, supporting growth from domestic and export orders. Separately, it continues discussions on monetizing its ...

News  Updated at: 2025/08/22

at its Integrated Assemblies division has expanded its footprint across several key regions. The Integrated Assemblies division provides integrated module solutions for the automotive industry, specializing in assembly, logistics, testing, and engineering. In North America, it has established a new Greenfield facility in Mexico and enhanced capabilities at its Newark site in the US. It has added a cross-car beam (CCB) injection facility at the Ne...

News  Updated at: 2025/08/22

nched over 80 programs, focusing on essential components such as bumpers, instrument panels, door panels, pillar trims, and chrome-finished elements for both electric and conventional vehicles. It won a major interior program for a global luxury OEM. To support this initiative, it established a new Greenfield facility in Żagań, Poland, through its joint venture with CEFA. The division has secured new orders for heavy commercial vehicles, includ...

News  Updated at: 2025/08/13

tors and represents the most significant strategic realignment of the European Truck industry since the merger of Scania and MAN under the TRATON umbrella in 2021: the first takeover of a major European Truck OEM by an Asian group. While Asian manufacturers have, thus far, expanded globally through greenfield ventures or partnerships, none have previously acquired a top-tier European Commercial Vehicle brand outright. IVECO, with its deep enginee...

News  Updated at: 2025/08/08

urth consecutive year According to the Japan External Trade Organization’s (JETRO) Global Trade and Investment Report, 2024 global trade increased by 1.6% year-over-year (y/y) to USD 23.5547 trillion (JPY 3,400 trillion), exceeding USD 20 trillion for the fourth consecutive year. The number of “greenfield investments” involving the establishment of a local company and creation of new employment was at a record-high, and the number of invest...

News  Updated at: 2025/07/29