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Foxconn looks for land parcel, Gujarat on radar

According to top sources in govt, Foxconn executives have surveyed the plot of land near Sanand and the company will take a call on finalising the location in the coming weeks. “The company intends to set up a mobile phone and other high-end electronics manufacturing plant,” a senior state govt official said, clarifying that Gujarat...

Are IT cos simply raising capacity or adding value?

But the trend has also revived an old debate: are these deals about acquiring capabilities or simply adding to their capacity? The strategy is driven partly by the need to grow contract values as organic revenue expansion slows for Indian IT companies and artificial intelligence reshapes traditional technology spending. The strategy is not entirely new.

JSW and SAIC discuss capital infusion to scale MG capacity

Tomahawk, the first MG SUV on the multi-powertrain ADAPT platform, will anchor the C-SUV strategy for seven-eight years, while Windsor anchors SUV-B. Both models are targeted to reach 70% localisation by 2027, with localisation rising 2-3 percentage points monthly. Jindal declined to say whether the additional funding by shareholders in MG Motor would alter the...
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