MANUFACTURING-

Prime Minister Narendra Modi has inaugurated a new aircraft engine maintenance, repair, and overhaul (MRO) facility set up by France-based aerospace group Safran in Hyderabad, Business Standard reports. The center is located at the GMR Aerospace and Industrial Park in Hyderabad and spans 45k sqm. The project involved an investment of USD 156 mn and will service LEAP engines that power Airbus A320neo and Boeing 737 MAX aircraft. Safran expects the site to handle up to 300 engines annually by 2035, the news outlet added.

Safran is also open to setting up a final assembly line for M88 fighter jet engines in India, contingent on additional orders for Rafale aircraft from the Indian airforce, Business Standard reports, citing CEO Olivier Andries.

DISPUTE WATCH-

Apple has challenged India’s competition law, which allows the country to base penalties for abuse of market dominance on a company’s worldwide turnover instead of revenue from the specific Indian subsidiary, Reuters reports, citing court filings. Apple argues that applying global turnover is “arbitrary” and contradicts a ruling by India’s supreme court, which held that penalties should be tied to relevant turnover associated with the product under investigation.

ENERGY-

Kolkata-based solar module manufacturer Vikram Solar has commissioned a 5 GW advanced module manufacturing facility at Vallam in the southern Indian state of Tamil Nadu, taking its total module capacity to 9.5 GW per year, according to a stock-exchange filing.

Modules from the facility will be supplied to customers across India, serving utility-scale developers, commercial and industrial buyers, and distributed-generation projects as the country accelerates its renewable-energy buildout.

PRIVATE CREDIT-

Motilal planning USD 336 mn private credit fund: Mumbai-based Motilal Oswal Alternate Investment Advisors has sought approval from the Securities and Exchange Board of India to raise USD 336 mn for its first private credit fund, with plans to begin fundraising in 2026, Bloomberg reports. The vehicle will target mid-sized companies preparing for listing over the next three years, focusing on growth capital and special situations such as the crunch triggered by US tariffs, head of private credit at Motilal Rakshat Kapoor told Bloomberg.

AUTO-

US EV maker Tesla is building an EV-charging ecosystem in India to strengthen long-term sales momentum, Economic Times reports, citing Tesla’s India General Manager Sharad Agarwal. Tesla has delivered 109 vehicles in India since it began local deliveries in September, which marked its 50th global market entry earlier this year, the news outlet added.

Infrastructure roadmap: Tesla is designing its charging rollout around customer touchpoints, including homes, workplaces, malls, and hotels to gradually cover major cities over time, Agarwal said.

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