Motion plastics manufacturer, Igus India expanded its footprint in the country by inaugurating a new manufacturing plant spanning 92,000 square feet in Bengaluru Thursday. 

The state-of-the-art plant in Mandur near Budigere in Bengaluru comes at a point when the company prepares to focus on new divisions dedicated to the semi-conductor and renewable energy sectors, areas poised for substantial growth. The expansion is part of Igus’s long-term strategy to enhance its operational capabilities and support its extensive customer base in India.

The newly inaugurated facility is a testament to the company’s long-term commitment to India, involving an investment of over INR 1 billion. This financial outlay reflects the company’s dedication to maintaining its competitive edge through innovation and cutting-edge technology. 

Of the total investment, INR 200 million have been allocated for setting up the factory, INR 400 million for advanced injection moulding machines and INR 200 million for enhancing the manufacturing process. The plant’s infrastructure is designed to meet the high standards of motion plastics production, ensuring that Igus India continues to deliver world-class products tailored to the unique demands of the Indian market.

Since its establishment as a wholly-owned subsidiary in 2000, Igus India has become a prominent player in the motion plastics industry, catering to over 19,000 customers across the country. The company’s extensive product catalogue boasts 125,000 parts, which are used in a variety of customer-driven assemblies, many of which are customized and assembled locally. This vast array of products underscores Igus’s commitment to innovation and customer satisfaction, with over 200 new products introduced annually. The company’s ability to adapt to the evolving needs of its customers has been a key driver of its success in the competitive Indian market.

Looking ahead, Igus India has ambitious plans to further strengthen its operational capabilities and market presence. The company is eyeing significant revenue growth, with expectations of reaching INR 3.4 billion in revenue this year. To support this growth and enhance its logistical efficiency, Igus India plans to establish new logistics and assembly centres in Pune, Gurugram and Noida. These new facilities will enable Igus to better serve its customers across India, reducing lead times and improving overall service delivery.

The focus on emerging industries like semi-conductors and renewable energy is a strategic move by Igus India to align itself with sectors that are poised for substantial growth in the coming years. As India continues to invest in its semi-conductor manufacturing capabilities and renewable energy infrastructure, the demand for high-quality motion plastics is expected to rise. Igus India’s expansion positions the company to capitalise on these opportunities, offering innovative solutions that meet the specific needs of these rapidly growing industries.

The opening of the new manufacturing facility in Bengaluru marks a significant milestone for Igus India, reinforcing its position as a leader in the motion plastics industry. With a strong commitment to innovation, customer satisfaction and market expansion, Igus India is well-positioned to achieve its growth objectives and continue delivering value to its customers across the country. 

Emphasising the strategic importance of this expansion, Igus India Managing Director Deepak Paul stated, “The Indian market presents tremendous potential for Igus as demonstrated by our continued growth and investment here. Our objective is to deliver cutting-edge products and solutions not only to our customers in India but also on a global scale. Igus’s global focus on cost-sensitive and sustainable solutions, encapsulated in our motto ‘Tech up, cost down,’ is perfectly aligned with the Indian approach to technology and innovation. This alignment has been a key driver of our significant growth in the country. As we look forward, our plans include expanding beyond Bengaluru, with logistics and assembly centres set to be established in Pune, Gurugram, and Noida.”

 Igus India is currently the 6th largest subsidiary among Igus’s 38 global subsidiaries, a position that reflects its strong performance and growth potential. Over the past two years, Igus India has doubled its market growth, with revenue figures climbing from INR 1.99 billion to INR 3.13 billion. The company expects this upward trajectory to continue. Additionally, Igus India has invested in a clean room testing facility in Germany and plans to establish a similar setup in India, further enhancing its product development and quality assurance capabilities.

Commenting on the occasion, Country Manager and Director Santhosh Jacob said, “Technology and innovation are at the core of everything we do at Igus. With a catalogue of 125,000 parts and 247 new products introduced this year, we are constantly inspired by our customers’ needs to push the boundaries of what is possible. Our ongoing expansion of the motion plastics product world, coupled with the integration of digitalization and AI, is a testament to our long-term corporate strategy. We are making significant progress in embedding digitalization as a key technology at Igus, which will play a crucial role in our future growth and success.”

Comments (0)

ADD COMMENT

Link Copied!

The Union Cabinet, Chaired by Prime Minister Narendra Modi, has approved a Scheme to Promote Manufacturing of Sintered Rare Earth Permanent Magnets with a financial outlay of INR 72.8 billion.

The initiative aims to establish 6,000 Metric Tonnes per Annum (MTPA) of integrated Rare Earth Permanent Magnet (REPM) manufacturing in India. The government states this will enhance self-reliance and position India as a key player in the global REPM market.

REPMs are types of permanent magnets vital for electric vehicles, renewable energy, electronics, aerospace and defence applications. India’s demand for REPMs is met primarily through imports, but consumption is expected to double by 2030 from 2025.

The scheme will support the creation of integrated REPM facilities, covering the conversion of rare earth oxides to metals, metals to alloys and alloys to finished REPMs. This step supports the Atmanirbhar Bharat Abhiyan and India's Net Zero 2070 commitment.

The total financial outlay of INR 72.8 billion consists of INR 64.5 billion towards sales-linked Incentives on REPM for five years. While the remainder INR 7.5 billion towards capital outlay for setting up 6,000 MTPA of manufacturing facilities.

The total capacity will be allocated to five beneficiaries through a global competitive bidding process, with each receiving up to 1,200 MTPA of capacity.

The scheme duration is seven years from the award date, including a two-year gestation period for setting up the integrated facility and five years for incentive disbursement.

The government states this initiative is a step towards strengthening the domestic REPM manufacturing ecosystem and enhancing competitiveness in markets globally.

Shailesh Chandra, President, SIAM, “The Indian automobile industry welcomes the Government of India’s newly announced scheme to promote the domestic manufacturing of Rare Earth permanent magnets, with an allocated outlay of INR 72.8 billion. This initiative is a significant step toward building a resilient and stable supply chain, particularly for components and sub-assemblies essential for the production of electrified vehicles.  
The scheme is expected to accelerate adoption of clean mobility solutions and support India’s broader sustainability goals. By strengthening indigenous manufacturing capabilities, it will contribute to reducing carbon emissions and lowering dependence on crude oil imports, further enhancing the nation’s energy security.”

Vikrampati Singhania, President, ACMA, “ACMA wholeheartedly welcomes the Cabinet’s approval of the REPM Manufacturing Scheme. This is a strategic and forward-looking intervention that addresses one of the most critical gaps in the EV and advanced mobility ecosystem. Rare Earth Permanent Magnets are foundational to electric motors and high-efficiency systems, and the establishment of a domestic, integrated manufacturing base will significantly strengthen India’s technological competitiveness. This initiative will not only reduce import dependence but also provide long-term resilience to the automotive supply chain, encourage investments in advanced materials, and position India strongly in global value chains for EVs and clean energy. We commend the Government’s vision and remain fully committed to supporting the industry in leveraging this opportunity for innovation, value creation, and Atmanirbhar Bharat.”

Stephane Deblaise, CEO, Renault Group India, “The Government’s decision of investing INR 72.8 billion for India’s first integrated Rare Earth Permanent Magnet manufacturing scheme is a pivotal step in strengthening the nation’s self-reliance aspirations. This initiative reflects India’s strategic intent to strengthen its rare-earth refining capabilities and accelerate high-value manufacturing.  For the automobile sector, localizing rare earth magnets will boost growth for both auto OEMs and component manufacturers, support clean energy powertrains, reduce import dependence, deepen the domestic value chain and enhance long-term competitiveness. We welcome this vision and look forward to contributing to a robust, future-ready mobility landscape that supports India’s sustainable growth and its ambition to become a global automotive hub.”  

Comments (0)

ADD COMMENT

Link Copied!

Tesla India is opening its first Tesla Center at Orchid Business Park in Gurugram on 27 November 2025. The centre will provide all services from one centralised location: retail, afterasales service, delivery and charging.

The new centre is designed to serve customer demand in the northern part of India. Customers can learn about technologies, enjoy a test drive with the Model Y, charge vehicles with V4 Superchargers and receive aftersales support. Optimus Gen 2 is also on display in Gurugram, alongside displays in Mumbai and Delhi, showcasing Tesla’s commitment to AI and robotic development.

Sharad Agarwal, General Manager, Tesla India, said, “Tesla’s mission is to accelerate the world’s transition to sustainable energy. We are opening our first all-in-one Tesla Center in Gurugram – combining experience centre, after-sales service, delivery and charging station in one place. By building charging infrastructure that fits people’s daily lives, we are making electric driving convenient for everyone in India. The network will expand rapidly for a seamless EV experience. Our direct business model has sparked huge excitement for electric mobility, driving strong adoption and lasting confidence in sustainable transport across India.”

Since its market launch in July, Tesla India has expanded its presence, including the new Tesla Center, Experience Centers in Mumbai and Delhi and three charging sites in these areas.

With the upcoming commissioning of the One Horizon site in Gurugram, Tesla will operate four charging stations across India, equipped with 16 Superchargers and 10 Destination Chargers.

Tesla Supercharging allows the Model Y to gain up to 275 km of range in just 15 minutes. The charging experience offers 99.95 percent uptime.

The Model Y, the best-selling vehicle in the world for 2023 and 2024, achieved a 5-star rating from safety organisations globally. It is now available starting from INR 5.98 million with home charging support provided for the rear-wheel drive model (500km range) and INR 6.78 million for the long range rear-wheel drive model (661km range).

Comments (0)

ADD COMMENT

Link Copied!

MapmyIndia Mappls, a digital mapping and geospatial technology company, and Zoho, a technology company, have announced a collaboration to integrate two MapmyIndia features directly within Zoho CRM. The features being integrated are Address Capture and Nearby Lead Finder.

The integration allows Zoho CRM users to: capture verified addresses, visualise customer locations, discover potential leads in nearby areas and optimise sales routes. These functions are powered by MapmyIndia’s mapping platform.

Rakesh Verma, Co-Founder, Managing Director & Group Chairman, MapmyIndia Mappls, said, “This partnership between MapmyIndia and Zoho is a true blue Swadeshi celebration – two Indian innovators and leaders in their respective fields - coming together to deliver cutting-edge, homegrown technology that is world-class. MapmyIndia Mappls Address Capture and Nearby Lead Finder capabilities will help Zoho CRM users across India to work smarter and sell better, while keeping all data and innovation safe within India. I am confident that this partnership will boost collaborations amongst Indian tech companies creating a sympathetic ecosystem towards the realisation of an Atmanirbhar, Viksit Bharat.”

Mani Vembu, CEO, Zoho, said, "At Zoho, we believe that true technological progress begins with self-reliance. Building deep-tech R&D from India has always been one of our foundational pursuits, driven by the immense talent and creativity that thrive in the country. Our partnership with MapmyIndia embodies this vision, uniting homegrown expertise in business software and digital mapping to deliver solutions that are powerful, privacy-focused and proudly indigenous. This integration empowers Indian businesses by combining business intelligence with spatial intelligence, giving field teams the location-aware insights they need to better serve their customers."

Comments (0)

ADD COMMENT

Link Copied!

Toyota Kirloskar Motor (TKM) has unveiled the Toyota Experiential Museum (TEM) in Bengaluru, which it said is a new cultural and lifestyle hub for the company. The space combines Indian philosophy with Japanese culture and technology.

Located on the ground floor of the Phoenix Mall of Asia, TEM is spread across 8,200 sq ft and offers a five-senses experience, blending Japanese minimalism with Indian warmth through visuals, sounds, scents, textures and flavours.

Tadashi Asazuma, Deputy Managing Director, Toyota Kirloskar Motor, said, “At Toyota, our vision of creating ‘Happier Paths Together’ goes beyond mobility – it is about inspiring experiences that connect people, cultures, and emotions. With TEM, we hope to offer a truly unique experience that embodies this spirit.

In India, we found inspiration in the practice of Sadhana – the mindful pursuit of inner balance and fulfilment. TEM is where the Japanese culture and values of precision, serenity, and respect for nature beautifully align with the spirit of Sadhana, making TEM a meaningful blend of both. Designed to engage the senses and spark reflection, it brings together art, technology, and craftsmanship to inspire mindfulness, especially amongst the youth.”

The museum features minimalist interiors and distinct aesthetics designed to spark curiosity, inviting guests to explore at their own pace. The journey begins with a mirrored and rhythmic experience of the changing seasons common to Japan and India, unfolding through infinite projections of light, colour and motion. It then rises into a celebration of shared passion, featuring an audio-visual collaboration with DRUM TAO. A display includes a water curtain encircling a car draped in satin.

A design cafe offers a range of merchandise blending heritage with contemporary lifestyle, celebrating simplicity and craftsmanship.

The TEM cafe features a curated menu that blends the Japanese tradition of matcha with Indian flavours. Highlights include the India-inspired mango infusion.

Comments (0)

ADD COMMENT

Link Copied!