This confidence, according to industry experts, is rooted in the nearly 4.23 million units of passenger vehicle (PV) sales achieved during FY 24, with sustained growth projected for the coming years.
According to industry body CEAMA (Consumer Electronics and Appliances Manufacturers Association), the water heater market size this year is expected to be 4.25 million units with a growth of approximately 10 per cent over last year.
Lack of brand differentiation means companies will have to compete on price and domestic producers can be at disadvantage in certain situations
A massive expansion in China’s production capacity is expected to improve the country’s cost competitiveness in solar and wind energy projects
Feels its ramp up in power and aluminium capacity and merger completion to be catalysts for the stock. It upgraded its target price to Rs 340 from Rs 300.
Beverage maker plans to set up plants at Andhra Pradesh, Uttar Pradesh and Gujarat in a bid to expand this output capacity in the next 12-18 months.
Even as auto sales have been flat for two years, market leader Maruti Suzuki has seen its market share grow.
The company is in the process of setting up two major facilities, which would redesign and augment its manufacturing footprint, Blue Star said in a statement.
The new generation KTM bikes, which are proposed to be developed on new platforms and engines will be manufactured at Bajaj‘s manufacturing facility at Chakan in Pune.
In an interview with CNBC-TV18, C Rajendra Prasad, Chairman & Managing Director of CCL Products said the company plans to expand production capacity and add new products this year.
The Rs 3,520-crore plant, which has a total production capacity of 1.2 lakh cars per annum, effectively doubles the company's total manufacturing capacity to 2.4 lakh cars per annum.
The company announced in a press release the ceremonial inauguration of its bottling plant in Hmawbi Township, a suburb of Yangon, the country's biggest city, with local partner Pinya Manufacturing Co.
Mahindra & Mahindra today said it will increase the production capacity of its compact sports utility vehicle Quanto by 40 per cent to 3,500 units per month from January next year. The company has so far received booking orders for over 10,000 units of the vehicle, which was launched in September.
Tata Steel today said it will add 3 million tonnes (MT) of production capacity at its Jamshedpur steel plant by 2013-14, thereby taking its total domestic steel making capacity to 10 MT.
Blue Star plans to invest Rs 15 crore this fiscal in a new manufacturing plant in Ahmedabad to make refrigeration products like deep freezers, bottle coolers, milk and water coolers.
Annual production capacity of country's largest car maker Maruti would touch 17.5 lakh units in the next two years, a company official said today.
Tata Chemicals’ unit in North America plans to raise USD 375 million to fund its various expansion projects. The company plans to raise the fund by mid-July, said Tata Chemicals’ chief financial officer, P K Ghose.
Rice miller Usher Agro today said it has expanded its milling capacity by 2,91,600 million metric tonnes per annum (MTPA) taking the company''s total capacity to 5,43,600 MTPA.