AGP Executive Report
Last update: 11 hours agoAuto Manufacturing: Tata Motors Passenger Vehicles and Stellantis will develop vehicles for more than 50 markets and build them in India, deepening a partnership that puts Indian engineering and factories at the centre of global exports. Aerospace Supply Chain: GE Aerospace plans to nearly double its India supplier spending to $400 million by 2030, supporting 17 major partners, including SMEs. Energy Storage: India’s battery storage capacity could rise from 6.3 GWh to 302 GWh by FY32; with 89% of current needs met by imports, the growth points to a major opening for local manufacturers. Semiconductors: Chip-engineering firm Tessolve raised $75 million to fund acquisitions and expand its global services. Foreign Investment: Japan was India’s largest FDI source in April–June, with $5.71 billion in equity inflows, though financial deals—not greenfield manufacturing—drove much of the surge. Industrial Costs: September inflation climbed to 5.54%, led by food prices, adding pressure to costs and the policy outlook. Space Technology: Chennai-based Space Zone India demonstrated an in-flight restart of its hybrid rocket engine, a step toward reusable launch systems.
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