The Association of Indian Forging Industry (AIFI), the apex representative body of the Indian forging sector, has signed a Memorandum of Understanding (MoU) with the Bureau of Energy Efficiency (BEE), Ministry of Power, Government of India.

The agreement was signed in the presence of the Union Minister of Power and Housing & Urban Affairs, Manohar Lal, signifying an important step towards embedding sustainable manufacturing practices within the forging sector. It forms part of the newly launched Assistance for Deployment of Energy Efficient Technologies in Industrial Establishments (ADEETIE) scheme.

The ADEETIE initiative, announced by the Ministry of Power and managed by BEE, is focused on enabling micro, small and medium enterprises (MSMEs) across 14 energy-intensive sectors – including forging – to adopt advanced energy-efficient technologies. The scheme adopts a comprehensive approach, offering:

• Interest subvention on loans for technology adoption (5 percent for micro and small enterprises, 3 percent for medium enterprises).
• End-to-end support, including investment-grade energy audits, guidance with project execution and robust post-deployment monitoring.
• Establishment of a dedicated project management unit and a nodal banking partner to streamline the process.

With a total budget of INR 10 billion, the scheme aims to unlock more than INR 90 billion in overall investments, including INR 67.5 billion specifically set aside for MSME lending. This allocation is expected to reduce the financial burden for forging units seeking to embrace energy-efficient solutions.

Yash Munot, President, AIFI, said, “This collaboration with the Bureau of Energy Efficiency marks a significant step forward for the Indian forging industry. As one of the most energy-intensive sectors, forging stands to benefit immensely from the structured support offered under the ADEETIE scheme. By enabling access to financial incentives and technical guidance, this initiative will empower MSMEs to adopt cutting-edge, energy-efficient technologies. It aligns perfectly with our vision of building a globally competitive, environmentally responsible and innovation-driven forging ecosystem. AIFI is committed to mobilising our members across clusters to take full advantage of this opportunity and contribute meaningfully to India’s broader sustainability and industrial growth goals”.

Deven Doshi, Chairman – Government Interface, AIFI, added, “Energy efficiency is very essential for forging companies, but the MSME sector often faces structural barriers in adopting cleaner and more efficient technologies. The ADEETIE scheme provides a structured framework of support, including technical, operational and financial aspects, that directly addresses these challenges. AIFI is proud to be a partner in this transformative journey. This collaboration not only ensures sectoral compliance with energy norms but also paves the way for long-term industrial modernisation.”

The Indian forging industry, particularly its MSME segment, has been a foundation for the country’s manufacturing and export sectors, supporting diverse areas such as automotive, defence and capital goods. Despite this, the sector has historically faced high energy costs and sustainability challenges. The ADEETIE scheme is set to address these issues directly, equipping forging enterprises with fiscal support and technical know-how to achieve sustainable growth.

Through this MoU, AIFI will actively promote and facilitate the implementation of the ADEETIE scheme across forging clusters nationwide, ensuring that members gain timely access to tools, knowledge, and incentives needed to strengthen both competitiveness and environmental responsibility.

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Mukand Sumi Special Steel (MSSSL), a joint venture between India’s Bajaj Group and Japan’s Sumitomo Corporation, has announced a major expansion with the construction of a new integrated steelmaking facility in Kanakapura, Koppal, Karnataka.

The new greenfield plant will boost MSSSL's production capacity to 700,000 tonnes per annum, making it one of India's leading special steel manufacturers. The project, which is currently awaiting environmental clearances, involves a capital investment of INR 23.45 billion, or around EUR 234 million.

The expansion is driven by the increasing demand for high-quality special steel in India's industrial, energy, and automotive sectors, supported by government initiatives like Atmanirbhar Bharat and strong economic growth. Since its inception in 2018, MSSSL has produced approximately 350,000 tonnes of special steel products annually, primarily for the automobile and engineering markets.

The new facility is designed with sustainability as a priority, adopting a Zero Liquid, Solid and Gaseous Discharge Model. It aims to source over 95 percent of its energy from renewables and is a crucial step towards the company's goal of achieving net-zero steel manufacturing by 2050. Future phases will incorporate hydrogen-ready infrastructure and carbon capture technologies.

Vipul Mashruwala, President, MSSSL, said, "This expansion marks a significant milestone in our long-term growth roadmap. Guided by the forward-looking vision of our Chairman, Niraj Bajaj, we are investing in sustainable and future-ready technologies that will strengthen our position in the global special steel market."

He added that the new facility will allow them to ‘serve growing demand with greater efficiency, quality, and environmental responsibility.’

The new plant is expected to begin operations by early 2028 and will include iron making, steel making, and blooming mill facilities with an initial capacity of 0.35 million tonnes per annum. The investment will also focus on integrating automation and digital technologies to ensure consistent product quality and optimised energy use.

The expansion will enable MSSSL to focus on critical applications in the automotive, railway, oil and gas, energy and bearing steel sectors, aligning with India’s ‘Industry 4.0’ initiative.

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The Prime Minister of India Narendra Modi commemorated the start of production of Maruti Suzuki India’s first battery electric vehicle (BEV), the e Vitara, at Suzuki Motor Gujarat.

The model is being manufactured for both domestic sales and exports to over 100 countries, including markets in Europe and Japan. Maruti Suzuki India aims to produce 67,000 electric vehicles during FY2026. 

At the same event, PM Modi also marked the start of local manufacturing of lithium-ion battery cells and electrodes for strong hybrid vehicles at TDS Lithium-Ion Battery Gujarat, a fellow subsidiary of Maruti Suzuki India. This makes TDSG the first company in India to achieve electrode-level localisation of lithium-ion battery cells, used in hybrid systems of models such as the Grand Vitara.

Maruti Suzuki said the e Vitara, built on a dedicated EV platform, will be India’s largest mass-produced and exported electric vehicle. The first export batch will be shipped via Pipavav port to European countries including the UK, Germany, France, Italy and the Nordics.

Toshihiro Suzuki, Representative Director and President, Suzuki Motor Corporation, said, “We are deeply honoured that Hon’ble Prime Minister graced the occasion of commemoration of two historic events for the Indian automobile industry. His inspiration and visionary leadership have made this possible. His vision of Make in India and Aatmanirbhar Bharat have been inspiring Suzuki to invest in India. These milestones are also a testimony to the enduring Indo-Japanese partnership, built on mutual trust and a shared vision for progress and a carbon neutral future. We will provide all products and technologies that will reduce oil consumption and imports and carbon emissions like battery electric vehicles, strong hybrid electric vehicles and vehicles powered by natural gas and biofuels.” 

Suzuki has further announced that the automaker will invest over INR 700 billion in India over the next five to six years.

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JSW Sarbloh Motors, a subsidiary of JSW Defence, a JSW Group company, has formed a strategic joint venture with Tomcar USA, a leading manufacturer of all-terrain vehicles (ATVs), for the local production of the TX range ATVs in India.

This partnership marks the expansion for JSW Group in the mobility space, especially for indigenous manufacturing of tactical mobility platforms for Indian Armed Forces, Central Armed Police Forces (CAPFs), State Police units and strategic industrial sectors requiring ultra-durable extreme mobility off-road platforms.

As part of the understanding, JSW Sarbloh Motors will indigenise, manufacture, assemble and support the Tomcar TX range at its facility in Chandigarh with the first product expected to be rolled out by early-2026, with field trials and demonstrations planned for multiple defence and paramilitary agencies in the coming months.

Parth Jindal of the JSW Group, said, "We are delighted to announce this strategic joint venture between JSW Sarbloh Motors and Tomcar USA, which marks a significant milestone in our commitment to enhance India's defence capabilities. The TX platform is designed to meet the rigorous demands of our armed forces and security agencies whilst ensuring superior durability, flexibility, and safety. At JSW, we believe in combining cutting-edge technology with local production capabilities to foster a robust industrial ecosystem that strengthens our national security and creates job opportunities.”

Jaskirat Vladimir Singh Nagra, CEO and Founder Director, JSW Sarbloh Motors, said, "This joint venture is more than a business partnership, it is a strategic alignment of vision and purpose. We are committed to offering India’s defence and industrial sectors world-class mobility platforms with the ruggedness, modularity, and reliability they demand. We look forward to this exciting collaboration and are confident that our joint efforts will set new standards in tactical mobility within India and beyond."

Ram Zarchi, Founder & Principal, Tomcar USA, said, "We are honoured to announce our strategic joint venture with the JSW Group, marking a pivotal milestone in Tomcar’s entry into India. This partnership will allow us to deliver our proven platforms to the Indian Armed Forces, combining Tomcar’s decades of mission-grade engineering with JSW’s advanced manufacturing expertise and first-class leadership. Together, we will strengthen India’s tactical mobility capabilities while expanding Tomcar’s global footprint, particularly into right-hand-drive markets.”

Mark W. Farage, Interim CEO, Tomcar USA, added, “This joint venture is the culmination of a thoughtful and deliberate process aimed at creating a truly strategic partnership. We are excited to hopefully contribute to India’s adaptation to the demands of modern warfare by providing the proven, battle-tested Tomcar platform to the Indian Army. In addition, we see enormous opportunity to deploy the Tomcar into India’s diverse commercial sectors – from mining and timber, to search and rescue, border patrol, farming, and beyond. This partnership positions us to deliver unmatched performance, durability, and reliability to customers

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Delhi NCR-headquartered electric vehicle maker Omega Seiki Mobility (OSM) has announced its first international electric vehicle assembly plant in Jafza, Dubai, which is set to be operational by the end of 2025.

The company said it will invest USD 25 million over the next five years to accelerate its global expansion and meet rising demand for low-emission transport in the region.

The new facility, spread across 42,000 sqft, is claimed to be the first EV plant in Jafza region, which will assemble two-wheelers and three-wheelers. It will also support the storage and distribution of auto components and spare parts for the company.  

OSM aims to leverage the strategic location to serve export markets across the Middle East and Africa region, along with creating 100 jobs in its initial phase.  

Abdulla Al Hashmi, COO, Parks & Zones, DP World GCC, said, “More manufacturers are turning to Jafza to tap high-growth markets across the Middle East, Africa and beyond. With the MENA EV market projected to reach USD 14.5 billion by 2029, driven by supporting government policies, rising demand and expanding infrastructure, this facility brings innovative mobility solutions closer to the region and underlines Dubai’s role as a global hub for the automotive sector.”

Uday Narang, Founder and Chairman, Omega Seiki Mobility, said, “This launch is a proud moment for us and fitting that it comes on Indian Independence Day. Jafza gives us unmatched connectivity to more than 2 billion consumers and a business environment that enables speed, scale and sustainability. Through Dubai, we aim to make clean mobility accessible and commercially viable for partners across the Middle East and Africa.”

Furthermore, the company also is mulling to introduce CNG models for select African region.

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