Gujarat Fluorochemicals (GFL), a fluorochemicals company, announced a partnership with the International Finance Corporation (IFC), a member of the World Bank Group. The IFC is investing approximately USD 50 million in GFL’s subsidiary, GFCL EV Products (GFCL EV), through the subscription of compulsorily convertible instruments.

The investment will be utilised towards what is claimed to be India’s first integrated battery materials facility. The project is intended to drive high-value manufacturing, create jobs, strengthen India’s position in global supply chains and advance national priorities of energy security, transport electrification and local value creation.

GFCL EV aims to reinforce India’s emergence as a competitive player in the global battery-materials value chain. The company has integrated manufacturing capabilities for battery chemicals with backward integration into key raw materials.

GFCL EV’s current product portfolio, catering to both electric vehicle and energy storage sectors, includes:

• Battery chemicals – electrolyte salt LiPF6, electrolyte formulations, additives for enhanced performance.
• Cathode active materials (LFP).
• Binders (both PVDF and PTFE).

Vivek Jain, Chairman, INOXGFL Group, said, “We are delighted to welcome IFC as a partner in GFCL EV. This milestone reinforces our vision for a greener future supported by IFC’s global expertise and commitment to sustainable development, aiding in accelerating India’s energy transition. IFC has a history of investing in sustainable businesses demonstrating long-term value creation. Their investment in GFCL EV is an endorsement of our differentiated model and growth trajectory. This partnership underlines our global leadership in battery materials and shall create long-term sustainable value for existing shareholders.”

Dr. Bir Kapoor, DMD and CEO, Gujarat Fluorochemicals, added, “This is IFC’s first investment in a battery materials company in India, marking a major milestone for India’s battery materials ecosystem. This capital raise enables us to scale up our manufacturing capacity for advanced battery materials strengthening India’s position in the global supply chain. GFCL EV stands among the few large-scale integrated battery materials manufacturers worldwide, with a portfolio that covers more than 50 percent of the LFP battery cell bill of materials”.

Imad N Fakhoury, IFC Regional Division Director for South Asia, said, “We are happy to partner with GFCL EV on this milestone initiative to advance value‑added manufacturing in India. As the country scales its electric vehicle and energy‑storage sectors, India has a clear opportunity to strengthen domestic capacity in key battery materials, set new benchmarks for high‑performance supply chains, and secure its place in the global market for advanced energy technologies. This investment forms part of IFC’s programmatic efforts to strengthen India’s e‑mobility value chain, and is enabled by a One WBG approach that builds the market and localizes global value chains, advancing the Make in India initiative. It will enable first‑of‑its‑kind greenfield battery manufacturing and build the capabilities India needs to play a larger role in high‑value components worldwide.”

Comments (0)

ADD COMMENT

Link Copied!

Automotive tier 1 supplier MAHLE has fully commissioned a photovoltaic-thermal (PVT) system at its manufacturing site in Vaihingen an der Enz, Germany, marking the largest installation of its kind in the country.

The 2,000-square-metre facility comprises over 1,000 PVT hybrid modules supplied by Dresden-based startup Sunmaxx, integrated with a geothermal borehole field and a heat pump system. The installation delivers over 430 kWp of electrical capacity and a projected annual output of 1,086 megawatt-hours of thermal energy, meeting almost the entire heating demand of the site previously supplied by fossil fuels.

The geothermal borehole field acts as a seasonal thermal storage unit, storing excess heat generated during summer months for winter use by the heat pump.

The modules utilise cooling plates developed by MAHLE, based on its automotive thermal management technology used in electric vehicles. Positioned at the rear of the PVT modules in full-surface thermal contact, the cooling plates absorb heat from the solar cells to reduce temperature-related power losses and transfer thermal energy to the heat transfer fluid.

Established in 1979, the Vaihingen facility employs 200 workers and serves as MAHLE's sole European plant manufacturing Visco fans and pumps for engine cooling systems.

Martin Wellhoeffer, Member of the MAHLE Group Management Board, responsible for the business unit Thermal and Fluid Systems, said, “With our PVT system in Vaihingen, we are creating a unique bridge from proven automotive technology to pioneering energy technology, underscoring the consistent implementation of our sustainability strategy.”

Joachim Wulff, Plant Manager, MAHLE, said, “We are particularly proud to have installed this forward-looking technology here at the site, using existing structures and without interrupting ongoing operations.”

Comments (0)

ADD COMMENT

Link Copied!

Maruti Suzuki India has partnered with Adobe to modernise its digital ecosystem across marketing, sales, service and vehicle ownership lifecycle touchpoints.

The initiative integrates legacy systems to unify customer profiles and content delivery platforms. The automaker utilises Adobe Experience Manager Sites as a Cloud Service alongside Edge Delivery Services to manage brand web portals, including NEXA and ARENA, achieving reduced page load times and incorporating 3D showroom interfaces.

Additionally, Adobe Experience Platform consolidates customer data to support campaign orchestration, loyalty initiatives and service workflows. The manufacturer is also integrating artificial intelligence capabilities through journey orchestration tools and content optimisation solutions.

Sunil Kakkar, Director of Corporate Planning and Executive Committee Member at Maruti Suzuki India, said, "This collaboration has enabled us to respond to the market shifts very effectively, innovate faster and create a meaningful experience that strengthens our leadership in the quickly evolving digital landscape, so we can deliver superior products with high value while shaping the future of the automotive ecosystem."

Shobhit Mittal, Executive Vice-President of Digital Enterprise, Maruti Suzuki India, said, "One of the biggest challenges during Maruti Suzuki’s website revamp was integrating multiple legacy systems. We had to ensure data consistency and smooth connectivity across platforms while delivering a modern, intuitive interface. Adobe's live “See-to-Believe” proof of concept was a game changer. It allowed us to experience the platform's capabilities in real time, demonstrating how their solutions could handle complex integrations and deliver personalized experience at scale. Adobe's consultative approach, involving global experts, showcased strong commitment for us and assured us that they were the right partner to deliver a seamless, future-ready digital experience."

Tapan Sahoo, Senior Executive Officer of Digital Enterprise, Maruti Suzuki India, said, "Transformation is about people coming together with a shared vision, collaborating across teams and co-creating value for customers."

Comments (0)

ADD COMMENT

Link Copied!

KUKA Mexico has opened its Innovation and Technology Development Centre in Monterrey, expanding operations in Northern Mexico.

The R&D setup is located within the Centre for Innovation, Research and Technology Development at the Universidad Autonoma de Nuevo Leon within the Technological Research and Innovation Park.

Spread across the 500-square-meter facility, it provides automation technologies, training programmes, technical support and product demonstrations for sectors including automotive, intralogistics, electronics and metalworking.

The facility houses educational cells from the KUKA College training initiative, autonomous mobile robots for intralogistics and industrial robots for welding applications.

Through a collaboration with the university, the centre aims to double KUKA Mexico's annual training capacity from approximately 550 engineers to support technicians, students and partners in robotics and automation deployment. The opening coincides with KUKA marking 30 years of operations in Mexico since its establishment in 1996.

Christopher Hernandez Moya, MD, KUKA Mexico, said, "Opening this new facility marks an important step in KUKA Mexico’s continued growth. By establishing a stronger presence in Northern Mexico, we are working more closely with our customers, partners and educational institutions to expand robotic automation training. At the same time, we are providing greater access to KUKA technologies, services and technical expertise. We are excited to continue supporting the development of automation and manufacturing talent in the region."

Comments (0)

ADD COMMENT

Link Copied!

Hyundai Motor India, one of the leading passenger vehicle manufacturers, has formally inaugurated its manufacturing plant in Talegaon, Pune.

The Chief Minister of Maharashtra Devendra Fadnavis, accompanied by Hyundai Motor Group Executive Chair Euisun Chung and Hyundai Motor India Managing Director and Chief Executive Officer Tarun Garg inaugurated the new facility.

The plant operates with an installed annual production capacity of 170,000 units, which the company plans to scale to 320,000 units by 2030 through a phased investment of up to INR 110 billion.

Combined with Hyundai's Chennai facility, total manufacturing capacity in India for the company will reach approximately 1.14 million units annually by 2030. The Talegaon facility incorporates artificial intelligence (AI) quality control systems, automated assembly platforms and an engine plant producing 150,000 units per year. To support plant operations, 55 supplier partners have invested nearly INR 46 billion in the state.

"The inauguration of Hyundai Motor India's Pune plant and the company's achievement of 4 million cumulative passenger vehicle exports reflect India's growing strength as a global automotive manufacturing hub. Hyundai's continued investments in advanced manufacturing technologies, innovation, localization and skill development will contribute significantly to economic growth, employment generation and development of a robust automotive ecosystem in Maharashtra. We welcome Hyundai's long-term commitment to the state and the nation. The Government of Maharashtra shall extend our full support to Hyundai's future growth journey," said Devendra Fadnavis.

Euisun Chung said, "India remains one of Hyundai's most important and strategic markets globally. The inauguration of the Pune plant reflects our long-term commitment to India's growth and our confidence in its bright future. HMIL’s milestone of 4 million cumulative vehicle exports demonstrates the global competitiveness of Indian manufacturing and highlights India's growing role within Hyundai Motor Group's worldwide operations."

Tarun Garg, MD and CEO, Hyundai Motor India, said, "The inauguration of our Pune plant marks the beginning of HMIL’s next chapter of growth in India. We will invest INR 110 billion in phases at this facility. Beyond expanding manufacturing capacity, the facility will drive industrial development, innovation and employment generation in the region. Supporting this vision is a strong regional supplier ecosystem, with 55 supplier partners having already invested nearly INR 46 billion in the state. Together with tier-II vendors, the ecosystem has created more than 18,000 employment opportunities in Maharashtra, reinforcing the region’s emergence as a key automotive manufacturing hub. As we celebrate 30 years in India, we remain committed to creating long-term value for our customers, partners and communities. We sincerely thank the Government of Maharashtra, under the leadership of Chief Minister Devendra Fadnavis and the Government of India, for fostering a progressive ecosystem that continues to strengthen manufacturing, investment and economic growth in India."

The ceremony also marked Hyundai Motor India's milestone of 4 million cumulative passenger vehicle exports from India since 1999, alongside domestic sales approaching 10 million units. The Venue model produced at the Pune facility will be exported to more than 35 countries as part of the company's global supply chain strategy.

Comments (0)

ADD COMMENT

Link Copied!