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Company News: Companies Analysis, Updates & Insights | The HinduBusinessLine

Boiler blast at Vedanta plant in Chhattisgarh kills 11, injures 22 Madhya Pradesh CM says basmati rice from the State is exported to 47 nations IMD forecast of below-normal Indian monsoon poses risk to agriculture, economy Sify data centre arm IPO on track and will be timed with market conditions, says CFO BALCO deploys AI humanoid agent for real-time training, operations and safety Funskool clocks $40 million revenue in FY26, despite tariff headwinds Val-Met Engineering secures ₹200 crore funding from Nuvama Crossover Opportunities Funds BEML secures $36.38 million export order from West Asia region Chitale Bandhu Mithaiwale to inaugurate new production facility near Pune NCLT allows personal guarantee case against Videocon promoter Dhoot No immediate impact of US blocking Iranian vessels on India’s crude cargoes Indian spacetech startups shift gears from R&D to scalable manufacturing Protest by factory workers in Noida, Faridabad turns violent Sharon Pais takes over as Head of Myntra Nadir Godrej to retire as chairperson, Pirojsha Godrej named successor APAC emerges as growth engine amid data sovereignty push: IBM’s Hans Dekkers Unicharm India expands Diabetes Care portfolio Sarovar Hotels sees traction in tier II cities, pilgrimage towns Motherson Sumi Wiring says no impact on operations amid Noida labour protests Aster DM Healthcare invests ₹96 cr to expand Aster Whitefield by 159 beds Ola Electric launches S1 X+ 5.2 kWh with 4680 Bharat Cells India’s active LED display market hits ₹2,000 crore China’s TCL is said to consider stake sale in India TV business Strengthening R&D, investment key for Indian drugmakers to lead globally: Nadda Piper Serica deploys ₹210 crore in 33 start-ups; to invest remaining ₹63 crore in 2-3 months NCLAT adjourns hearing on Vedanta plea against selection of Adani's bid for JAL GE Aerospace signs contract with Indian Air Force to help establish in-country depot for F404-IN20 engines RateGain launches AI-driven hotel marketing certification programme Q4 Results This Week: HDFC Bank, ICICI Bank, Wipro, Just Dial among 42 companies reporting GE Aerospace scales AI from pilots to production; India anchors global capability
The ePlane Company targets commercial production by 2028,...
Rohan Das · 2026-06-24 · via Company News: Companies Analysis, Updates & Insights | The HinduBusinessLine

IIT Madras-incubated electric aircraft start-up The ePlane Company is targeting commercial production of its air ambulance eVTOLs in 2028 with an initial manufacturing capacity of around 80 aircraft a year. 

Speaking to businessline, Satya Chakravarthy, Founder, The ePlane Company said that the start-up has completed its first full-scale air ambulance prototype and has begun ground testing with flight tests expected between July and August. “We have already begun work on the second and expect to have full certification of the aircraft by the end of 2027,” he added.

Chakravarthy mentioned that while the start-up currently manufactures prototypes at its facility within IIT Madras’ Discovery Campus, it expects to set up a dedicated production unit or partner with an established manufacturer once the second prototype enters the certification phase.

“We are looking at a capacity of about 80 in the first year and then scale it up to about 300-400 aircraft annually within a few years before reaching about 900 aircraft a year by 2031-32. We are looking at multiple options and should get into serious talks with a production partner early next year,” he added.

He added that the company’s initial focus is on air ambulances, followed by air taxis and cargo variants. 

The eplane company had earlier this year secured a $1-billion order from ICATT to deliver air ambulances across India. Chakravarthy mentioned that the deliveries will be spread over five to six years beginning 2027-28 and that ICATT intends to eventually deploy roughly one aircraft in every district across India.

On the production side, Chakravarthy mentioned that about 80 per cent of the aircraft’s bill of materials is currently sourced domestically, but in value terms imported avionics and battery cells account for more than half of component costs. The company plans to gradually localise these components after certification, either through technology transfer or domestic manufacturing partnerships.

Meanwhile, the company is also working with NVIDIA to use the teach giant’s Omniverse platform for onboard sensor processing and digital twin simulations.

Published on June 24, 2026