Nashik is the ideal place to invest. Today nashik is recognised as the premier destination for the investors. Investors see a huge potential in this place. Many industries in nashik have seen a huge growth in them. Industrial estates are booming in nashik. Besides having a big industrial growth the government of nashik is also [...]

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Bajaj Electricals, which has acquired 32 per cent stake in Nashik-based privately owned Starlite Lighting, will expand production of compact fluorescent lamps (CFLs). The plant now made 10 million units a year which would ne increased to 40 million units, with 20 per cent for exports. Speaking to reporters here on Monday, Chairman and Managing [...]

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After freezing production plans at its upcoming Chennai plant due to economic slowdown, French carmaker Renault has decided to use its partnership with Mahindra to roll out Sandero hatchback in India in 2010. The plan will also help the companies use excess capacity at their Nashik plant, after poor response to the Logan sedan.  Sandero will [...]

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Visit to NIMA index 2009 was more chaotic then I expected it to be. Under no way I would classify it as a trade fair and seemed to be more as a consumer fair. I can imagine it being a weekend but was surprised to just see the number of family visitors. Overall I should [...]

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Bajaj Electricals and Appliances, a part of the Bajaj Group, will invest Rs 30 crore to set up a greenfield facility in Nashik, Maharashtra, to manufacture Compact Flourescent Lamp.   Starlite acquisition    The company had last year acquired Nashik-based Starlite Industries which produces 10 million CFL a year. “We want to take our CFL [...]

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With recession hitting the automobile industry, Satpur-based tyre manufacturer CEAT has asked its workers to temporarily suspend work for a week. Addressing a meeting of workers at Satpur, the Centre for Indian Trade Unions (CITU) Vice-President Mr Sayeed Ahmed said that CEAT had suffered heavy losses due to rising commodity prices such as petrol and [...]

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Cable Corporation, engaged in the business of manufacture and sale of electrical cables, wires, conductors strips, announced on Monday the management has decided to revert to the normal working days at both Borivali and Nashik plants with immediate effect in view of building sufficient order book.   Earlier on November 18, the management had proposed temporary production cuts [...]

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Auto major Mahindra & Mahindra today said it will shut down its five manufacturing plants that produces cars, utility and commercial vehicles for 3-6 days this month. “The manufacturing plants of the automotive sector (Nasik, Kandivli, Igatpuri, Zaheerabad and Haridwar) will work partially during the month,” M&M said in a communique to the Bombay Stock [...]

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Bosch (formerly Motor Industries), the Indian flagship of Germany-based automotive components maker Bosch, today said that it is shutting down temporarily select production areas, shops manufacturing nozzle holders, DN Nozzles and common rail injector assembly, at its Nashik plant starting from December 6, 2008. The decision to shut down these plants is made in order [...]

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