India Economy Thread

[NeptunesVortex]

The electric motor has achieved nearly 98 per cent localisation by component count and around 70 per cent localisation by cost.

L&T bets ₹5,000 crore to become Tier-1 supplier in auto electronics market

https://www.business-standard.com/companies/news/l-t-bets-5-000-crore-to-become-tier-1-supplier-in-auto-electronics-market-126072901540_1.html

 

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[NeptunesVortex]

Commercial production of forged railway wheels begins in August 2026 at the ₹2,000 crore Gummidipoondi plant. Initial capacity is 40,000 wheels a year, with room to expand to 2.28 lakh annually.

Titagarh-Ramkrishna forged railway wheel plant to begin production in August

Titagarh Rail Systems and Ramkrishna Forgings will begin forged railway wheel production in August, reducing imports and boosting exports from India.

www.thehindubusinessline.com

 

[NeptunesVortex]

For now, Bharat Forge holds the record with two 16,000-ton forging presses at its Pune plants. But not for long. MM Forgings is importing a 16,500-ton forging press from Russia and once it's commissioned, it'll be the largest forging press in India.

 

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[NeptunesVortex]

India's Reliance ramps up diesel exports to Europe, Brazil in July, sources say

https://www.reuters.com/business/energy/indias-reliance-ramps-up-diesel-exports-europe-brazil-july-sources-say-2026-07-30/

Russia forced to import fuel from India as Ukrainian strikes damage refineries

https://www.ft.com/content/fda9e7c8-87cd-49f8-bdf1-01adf293670f?syn-25a6b1a6=1

 

[NeptunesVortex]

Craftsman Automation to invest ₹250 crore in new Hosur manufacturing facility

Craftsman Automation to invest ₹250 crore in new Hosur manufacturing facility

Craftsman Automation plans to invest ₹250 crore in a new manufacturing facility in Hosur to meet growing automotive demand.

www.thehindubusinessline.com

 

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[CallSignMaverick]

 

[CallSignMaverick]

 

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[Thinking_Hard]

 

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[indo17787]

Royal Enfield Shotgun 650 X Rough Crafts sold out in 3 minutes in India​

Royal Enfield Shotgun 650 x Rough Crafts sold out globally, India allocation gone in 3 minutes

Royal Enfield has sold all 100 units of the Shotgun 650 x Rough Crafts edition worldwide, with India’s 25 motorcycles claimed rapidly.

auto.hindustantimes.com

 

[NeptunesVortex]

One more import dependency is starting to disappear.
Indian satellite companies have long relied on expensive imported batteries with long delivery times. Now, TakeMe2Space's PowerBank-50 has become the first satellite battery developed and built in India.

https://www.business-standard.com/companies/start-ups/takeme2space-powerbank-50-satellite-battery-space-proven-vikram-1-126073000721_1.html