GE is looking to establish an Indian subsidiary for engines

30 Mar 2023 CW Team

If GE's ambitions to establish a joint venture to produce the F414 engine domestically in the nation are approved by the US Administrations, Chakan II in Pune might develop into a centre for the jet engines that will power India's next-generation fighter jets, such as the Tejas Mkll and TEDBF.

In order to jointly produce F414 engines for the Indian and export markets and to act as a hub for the global supply chain for these engine's spare parts, GE is thinking about establishing a local subsidiary in India with Indian private sector businesses. This engine powers numerous other jets, including the American F-18 Super Hornet.

It is being thought about building a new facility close to GE's "Brilliant Factory" in Chakan II in Pune, which produces turbocharger assemblies for locomotives and hub assemblies for wind turbines. It's unclear whether GE will establish a joint venture with a 51% ownership stake in India or a subsidiary with 100% ownership there.

Real Estate

05 Aug 2026

CREDAI-MCHI to Host 10th Design & Construction Conference

CREDAI-MCHI will host the 10th anniversary edition of its Design & Construction Conference on August 19, 2026, at the Jio World Convention Centre in Mumbai.The event is expected to bring together more than 500 procurement leaders, construction heads, architects, consultants and senior real estate decision-makers, alongside over 50 construction and ancillary brands.The conference will feature product launches, technology showcases, knowledge sessions, strategic business-to-business networking and recognition of procurement professionals contributing to the transformation of the construction..

BorgWarner Wins Extension for High-Voltage Inverter Programmes

BorgWarner has secured a major extension of several high-volume high-voltage inverter programmes from a leading European automotive manufacturer.The contracts cover updated inverter designs for plug-in hybrid and 800V battery-electric vehicle applications. Production is scheduled to begin in 2029.Isabelle McKenzie, President and General Manager, BorgWarner PowerDrive Systems, said the programme extensions demonstrate the company’s position in power electronics and reflect the strength of its technology, in-house expertise and customer relationships.For plug-in hybrid vehicles, BorgWarner wil..

Castrol India Q2 Profit Rises 43% to Rs 3.48 bn

Castrol India reported a 43 per cent year-on-year increase in profit after tax to Rs 3.48 billion for the quarter ended June 30, 2026, supported by growth across its consumer, industrial and institutional businesses.Revenue from operations increased 25 per cent to Rs 18.71 billion during the second quarter of 2026, compared with Rs 14.97 billion in the corresponding period of 2025. EBITDA rose 41 per cent to Rs 4.94 billion from Rs 3.50 billion.Sequentially, revenue increased from Rs 15.45 billion in the first quarter of 2026, while EBITDA rose from Rs 3.29 billion. Profit after tax increased ..