Gujarat Fluorochemicals Secures $50 Million IFC Investment For Battery Materials Facility

Gujarat Fluorochemicals

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.”

Neolite ZKW Lightings

Neolite ZKW Lightings held a commemorative ceremony on 23 January 2026 for its new manufacturing plant in Pune, Maharashtra. The facility, which began operations in December 2025, is situated near the Mumbai-Pune-Nashik-Aurangabad automotive cluster. This location allows the company to manage inventory and provide services to customers including Tata Motors, Stellantis, JSW MG Motor India, Daimler India Commercial Vehicles and Piaggio Vehicles.

The facility includes an independent design centre featuring simulation software, optical design tools and 3D modelling capabilities. This centre supports product development, prototyping and validation to meet global regulatory standards. The Pune plant focuses on manufacturing processes such as moulding, surface treatment and assembly for lighting products and components.

Neolite ZKW Lightings produces lighting solutions for passenger vehicles, commercial vehicles and two-wheelers. Its portfolio is powertrain agnostic, supplying components for both internal combustion engine vehicles and electric vehicles. Following the commencement of the Pune facility, the group intends to focus on opening its next plant in Kancheepuram.

Won Yong Hwang, CEO, ZKW Group, said, “India continues to emerge as a strategic market for the global automotive industry. Neolite ZKW’s expansion in Pune represents a positive step toward advancing next-generation automotive lighting solutions, and we look forward to continued collaboration in technology and innovation”.

Rajesh Jain, Chairman and Managing Director, Neolite ZKW Lightings, said, “Our new Pune plant reflects our commitment to invest in capacity, technology and talent to support the next phase of growth for our customers and for Neolite ZKW. With this facility, we are better positioned to respond timely to customer requirements, drive innovation in automotive lighting, and create employment opportunities in the region. After this, our next focus will be to get our Kancheepuram facility up and running and we are working very hard to get that done”.

Rajesh Soni, CEO, Neolite ZKW, added, “The Pune facility is designed to focus on manufacturing of automotive lighting products and components including moulding, surface treatment and assembly. Further, in line with the shift toward electrification and sustainability, we also offer certain electric vehicle focused lighting products. At the same time, our portfolio is powertrain agnostic that serves both EVs and internal combustion engine vehicles”.

Adient Introduces ModuTec Modular Seating Solution

Adient

American seating major Adient has announced the launch of ModuTec, a seating design intended to alter the manufacturing process for vehicle interiors. The solution utilises modularity to simplify assembly and increase the potential for automation within production facilities.

The ModuTec system moves the build of seat modules offline. These completed units are then sequenced into the main Just-in-Time (JIT) production line. According to the company, this method reduces final assembly time from minutes to seconds. By shifting from integrated, labour-intensive processes to a modular workflow, the system aims to lower costs and reduce the factory floor space required for seat production.

The design allows for the integration of components before the seat reaches the main line, which supports higher levels of automation. Beyond manufacturing efficiency, the modular approach is intended to assist with vehicle serviceability, as it enables easier upgrades or repairs at the dealership level. The architecture also addresses engineering criteria and craftsmanship standards while seeking to improve seat comfort and warranty outcomes.

Griffin Brown, Vice-President of VAVE, Innovation, Mechanisms BU, Americas, Adient, said, "ModuTec will fundamentally change how seats are made going forward. By balancing all aspects of cost efficiency, engineering criteria and manufacturing best practices, ModuTec is a bold step in the direction the industry needs today and into tomorrow."

The introduction of ModuTec follows an analysis of the requirements of automakers and consumers. Adient expects the solution to set a new standard for efficiency and modular design within the automotive seating sector.

Maruti Suzuki India Plots INR 49.6 Billion Investment For New Manufacturing Plant In Gujarat

Maruti Suzuki India

Maruti Suzuki India, a subsidiary of Suzuki Motor Corporation and the country’s largest passenger vehicle manufacturer, has announced that it is set to acquire land from the Government of Gujarat for the construction of a new production facility.

The decision follows a basic agreement reached with the state government in January 2024 to establish a second manufacturing base in the region.

The site in Sanand covers approximately 1,750 acres valued at INR 49.6 billion. Once operational, the facility is expected to have an annual production capacity of 1 million units.

The company cited Gujarat’s supply chain, infrastructure and proximity to ports as factors for the selection. The location provides access to highway and railway networks, supporting its function as both a domestic production base and an export hub for vehicles.

Current and Planned Production Capacity

Plant Location

Start of Operations

Site Area (m²)

Annual Capacity (Units)

Gurgaon (Haryana)

1983

1.2 million

700,000

Manesar (Haryana)

2006

2.4 million

900,000

Hansalpur (Gujarat)

2017

2.6 million

750,000

Kharkhoda (Haryana)

2025

3.24 million

250,000

Sanand (Gujarat)

TBD

7 million

1,000,000

Ashok Leyland Inaugurates Greenfield Manufacturing Facility In Lucknow

Ashok Leyland - Lucknow

Ashok Leyland, one of the leading commercial vehicle manufacturers in the country, has opened a new integrated manufacturing facility in Lucknow, Uttar Pradesh.

The greenfield facility, located near Lucknow Airport in Sarojini Nagar, was inaugurated by Yogi Adityanath, Chief Minister of Uttar Pradesh, alongside Union Ministers Rajnath Singh and H D Kumaraswamy.

The 70-acre site is designed to produce 5,000 vehicles annually, with a primary focus on electric buses and other green mobility solutions. The facility employs a workforce predominantly from Uttar Pradesh, including a high percentage of women. To support its sustainability goals, the plant features rooftop solar panels, energy-efficient lighting and zero-discharge water systems.

Dheeraj Hinduja, Chairman, Ashok Leyland, said, "The inauguration of this new plant marks the beginning of an important new chapter for Ashok Leyland in the vibrant state of Uttar Pradesh. Our Group remains deeply committed to unlocking further opportunities that drive economic growth, create meaningful employment, and foster long-term prosperity in the region. This manufacturing plant reaffirms our resolve to help shape the future of India’s commercial vehicle industry, and we are confident that it will make a strong contribution towards employment generation while advancing sustainable mobility. With this new plant, we are preparing ourselves for the future and take one step further to achieve our Net Zero emission goals."

Shenu Agarwal, MD & CEO, Ashok Leyland, said, "As one of India’s largest and most progressive states, Uttar Pradesh has demonstrated a strong and consistent commitment to environmental responsibility and sustainable development, making it a natural partner in our green mobility journey. This coupled with Ashok Leyland’s ambition to achieve Net Zero by 2048 has been a key catalyst for establishing this state-of-the-art facility in Uttar Pradesh. Equipped with most modern technology and high levels of automation, the plant reflects our focus on world-class quality and innovation. With a strong emphasis on electric buses, this facility marks a significant step towards building a cleaner, future-ready mobility ecosystem for India.”

The plant's logistics are managed using battery-operated vehicles to maintain its status as a green facility. This expansion aligns with Ashok Leyland's target to reach Net Zero emissions by 2048 and supports the state of Uttar Pradesh's transition toward electric transportation.