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Tech Mahindra

The Indian unit of Jendamark Automation, a South Africa-based provider of Industry 4.0 manufacturing solutions, has signed a MoU with Tech Mahindra to drive digital transformation in manufacturing. This partnership aims to develop, implement, and support enterprise-class solutions, focusing on Jendamark's Odin Manufacturing suite, which improves productivity and operational efficiencies. Tech Mahindra will help globalize these solutions, expanding their reach in the manufacturing sector.

Automotive

The Lion Electric Company has laid off an additional 150 employees in Canada and the U.S. as part of its ongoing restructuring, which includes a sale and investment process. Following these cuts, Lion Electric now has around 160 staff members left. Since late 2023, the company has reduced its workforce by nearly 1,300 due to deepening financial issues.

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NXP Semiconductors to buy Austrian automotive software firm TTTech Auto for $625 million. This move aims to strengthen NXPs offerings for software-defined vehicles.

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Manufacturing Engineering

The Indian unit of Jendamark Automation, a South Africa-based provider of Industry 4.0 manufacturing solutions, has signed a MoU with Tech Mahindra to drive digital transformation in manufacturing. This partnership aims to develop, implement, and support enterprise-class solutions, focusing on Jendamark's Odin Manufacturing suite, which improves productivity and operational efficiencies. Tech Mahindra will help globalize these solutions, expanding their reach in the manufacturing sector.

EV

The Lion Electric Company has laid off an additional 150 employees in Canada and the U.S. as part of its ongoing restructuring, which includes a sale and investment process. Following these cuts, Lion Electric now has around 160 staff members left. Since late 2023, the company has reduced its workforce by nearly 1,300 due to deepening financial issues.

Canada

The Lion Electric Company has laid off an additional 150 employees in Canada and the U.S. as part of its ongoing restructuring, which includes a sale and investment process. Following these cuts, Lion Electric now has around 160 staff members left. Since late 2023, the company has reduced its workforce by nearly 1,300 due to deepening financial issues.

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Pareekh is CEO and Lead Analyst at Pareekh Consulting and EIIRTrend.