Jaipur, March 21 (IANS) With the launch of the Rajasthan Aerospace and Defence Policy – 2026 by Rajasthan Chief Minister Bhajan Lal Sharma, the state is set to emerge as a key contributor to India’s strategic self-reliance.The policy envisions Rajasthan as a major hub for the manufacturing of aircraft, helicopters, drones, missiles, avionics, satellite buses, armoured vehicles, radars, navigation, communication and control systems, robotics, and defence electronics — providing a strong boost …
Latest OEMs News & Updates
New Delhi, March 6 (IANS) Society for Innovation and Entrepreneurship (SINE) — the IIT Bombay-backed broad-spectrum technology business incubator — is selling about 4 lakh shares in the SEDEMAC Mechatronics initial public offering (IPO), according to the filings.The company’s red herring prospectus (RHP) has highlighted that SINE will offload 4,08,000 equity shares.On a pre-offer paid-up equity share capital basis, this represents 0.92 per cent, indicating that the incubator is expected to e…
New Delhi, March 5 (IANS) Shares of Omnitech Engineering made a weak debut on the Indian stock exchanges on Thursday, listing at Rs 205 on the Bombay Stock Exchange (BSE), nearly 10 per cent below the company’s IPO price of Rs 227 per share.The precision-engineered components maker also listed at a discount on the National Stock Exchange of India, where the stock opened at Rs 202 apiece, about 11 per cent lower than its issue price.Despite the weak start, the stock witnessed buying interest so…
New Delhi, Feb 20 (IANS) Passenger vehicle retail sales rose 7 per cent in January (year-on-year) in India, while wholesale volumes rose 12 per cent to 4.5 lakh units, a report said on Friday.The report from ICRA said wholesale dispatches grew 14 per cent sequentially over December 2025, even as original equipment manufacturers (OEMs) ramped up production to cater to robust domestic demand.ICRA forecasts passenger vehicle wholesale volumes to expand 5–7 per cent in FY26, supported by sustained…
Mumbai, Feb 6 (IANS) Indian auto component manufacturers are likely to enjoy more access to European markets with improved price competitiveness under the proposed India-EU Free Trade Agreement (FTA), a report said on Friday.The report from ICRA said that “tariff rationalisation and preferential access are expected to enhance pricing competitiveness and sourcing opportunities with European original equipment manufacturers (OEMs)”.The EU is a major automotive production hub and better trade terms…
New Delhi, Jan 17 (IANS) The government is set to launch ‘Wings India 2026’, Asia’s largest civil aviation event, at Begumpet Airport in Hyderabad from January 28-31, that will showcase the future of global aviation, it was announced on Saturday.The event will be formally launched with a grand inaugural ceremony, led by Civil Aviation Minister, Rammohan Naidu, in the presence of high-level dignitaries from India and abroad.The four-day event will witness ministerial-level foreign delegatio…
New Delhi, Jan 9 (IANS) India’s automobile industry delivered a strong performance with passenger volumes up 20 per cent YoY in the October–December 2025 quarter, driven by GST reforms, a pickup in rural demand, and sustained festive momentum, a report said on Friday.Financial services firm PL Capital said in a report that improved affordability, easier financing, and recovering consumer sentiment supported broad‑based volume growth across passenger vehicles, two‑wheelers, and commercial…
New Delhi, Jan 2 (IANS) The government on Friday approved 22 new proposals under the Electronics Components Manufacturing Scheme (ECMS), which are likely to receive Rs 41,863 crore worth investments and generate nearly 37,000 direct and indirect jobs — a move which is aimed at strengthening domestic supply chains and reducing import dependence for critical electronic components.The output from the 22 approved projects is projected at Rs 2.58 lakh crore. The approved proposals include applicatio…
New Delhi, Dec 29 (IANS) Union Communications Minister Jyotiraditya Scindia on Monday said that the Department of Telecommunications (DoT), through the National Centre for Communication Security (NCCS), is rolling out transformative reforms to strengthen telecom security, reduce compliance burdens, enable sustainable industry growth and reinforce Prime Minister Narendra Modi’s vision of ‘Make in India, Make for the World’.In a post on X, the minister said that as our digital networks expan…