Manufacturing Financial News

China’s exports slowed sharply in September as global demand weakened, adding to worries over how to recharge growth in the world's second-largest economy

Mexico's top economic official is suggesting that his country will actively take the U.S. side in looming trade battles with China

The National Highway Traffic Safety Administration is investigating complaints about some JuiceBox residential electric vehicle chargers after reports of fires and other electrical malfunctions

Boeing has withdrawn a contract offer that would have given striking workers 30% raises over four years after talks broke down

Honda Motor Co. is recalling close to 1.7 million vehicles due to a manufacturing issue that could make it difficult to steer the vehicles and lead to crashes

At a time of growing concern about the safety of self-driving vehicles, a leading expert is calling on the federal government to develop a national driver’s test that such vehicles would have to pass before they could travel on public roads

A court in Switzerland has ruled that a dial manufacturer was justified in telling workers: If you need a bathroom break, clock out and take it on your own time

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Tata Electronics on Wednesday said it has appointed Bobby Mitra as Chief Information Officer (CIO) and President of AI and Digital Transformation. In this role, Mitra will drive enterprise-wide initiatives in AI and digital transformation for electronic manufacturing services, semiconductor assembly and test, semiconductor foundry, and design services businesses, it said in a statement. Mitra and his team will be instrumental in advancing Tata Electronics' commitment to AI-led manufacturing excellence, particularly in establishing India's first semiconductor Fab in Dholera, Gujarat and the first indigenous semiconductor assembly and test facility in Jagiroad, Assam. Tata Electronics MD and CEO Randhir Thakur said Mitra's deep knowledge of smart manufacturing and the digital ecosystem will be key to delivering value to the customers.

Amneal Pharmaceuticals, the third largest generic drugmaker in the US, plans to invest $150-200 million over the next four to five years to build a manufacturing facility in Ahmedabad housing two greenfield plants for producing weight loss drugs.

Subscribe to enjoy similar stories. New Delhi: The Drugs Controller General of India (DCGI) is planning to list the qualification criteria for medical device testing officers. At present, no qualification is needed, with mostly drugs inspectors deputed to do the job.

Tata Motors, even as e-two wheelers continued on the growth path advancing by a brisk 40.45% as the ‘legacy’ manufacturers saw a steep climb in volumes at a fast pace, shows retail sales data based on the vehicle registration numbers released by Federation of Automobile Dealers Associations (Fada) on Tuesday. The robust growth in e-two-wheelers improved their penetration to 7.5% during the month, up 2.6% year-on-year.

Hyundai has begun producing electric SUVs in Georgia less than two years after breaking ground on its sprawling manufacturing plant west of Savannah

Subscribe to enjoy similar stories. SEOUL : For a major maker of semiconductors such as Samsung Electronics, the artificial-intelligence boom should be a time of great promise. Instead, the South Korean technology giant is whiffing on opportunities and falling behind the early winners of the AI era such as Taiwan Semiconductor Manufacturing, known as TSMC, and local rival SK Hynix.

Jubilant Ingrevia on Tuesday became the latest Indian firm to join the World Economic Forum's Global Lighthouse Network, a cohort of industry leaders transforming manufacturing with AI innovation.

steel prices may give some relief to Indian steel makers. A report by Axis Securities highlights that Chinese hot-rolled coil (HRC) steel prices have gone up in September 2024, giving an edge to Indian steel companies.

Experts say the fallout from storm damage to a North Carolina factory that makes critical hospital supplies will be felt broadly and could linger

Subscribe to enjoy similar stories. India’s transportation sector is racing toward an electric revolution. Electric vehicles (EVs) are gaining momentum, fuelled by soaring fuel prices, government support, and aggressive green targets.

GTRI has suggested. It also said that to reduce industrial strikes, India must prioritize protecting workers' rights while maintaining industrial stability and there is an urgent need to take steps to help address labour disputes before they escalate into strikes. «Industrial strikes have led to factory closures and job losses in India for decades,» GTRI founder Ajay Srivastava said, adding that the strike by over 1,000 workers at Samsung's Sriperumbudur factory in Tamil Nadu since September 9 is not an isolated event. He suggested seven steps that includes enforcement of labour laws, setting up mediation systems, union-management dialogue, legal framework for labour compliance, collaboration between centre and states on the subject, and intelligence to detect disruptions.

Subscribe to enjoy similar stories. A major explanation for India’s manufacturing sector remaining stagnant despite policy efforts to stimulate its growth lies in the changing traits of industrialization, with India being a latecomer only making it more challenging. In China and the US, industrialization and urbanization took place together.

car sunroofs is pushing the world’s leading makers of the feature to join local partners in ramping up investments to tap this burgeoning market. Netherlands-based Inalfa Roof Systems along with its partner Gabriel India is looking to double capacity for manufacturing sunroofs in the next one year. The duo, which opened their first plant in Chennai in the first quarter of 2024, can currently produce up to 200,000 sunroofs annually. Germany’s Webasto—a global leader in openable sunroofs—has started work to nearly double production capacity in the Indian market to 950,000 units per year by 2027, from the current 500,000 units. Auto parts maker Uno Minda inked a technical licence agreement this August with Japan’s Aisin Corp., among the world’s top 10 Tier I component suppliers, to locally manufacture and sell vehicle sunroofs. “The Indian automotive market is witnessing a remarkable shift, with sunroofs rapidly becoming a sought-after feature,” said NK Minda, chairman and managing director, Uno Minda. “Sunroofs have seen multifold growth in recent years. This trend is only set to accelerate as sunroofs, once limited to larger SUVs and MUVs, are now increasingly finding their way into hatchbacks.”