To expand, Indian businesses are incorporating cutting-edge strategies. The objective is to boost safety, accuracy, and production volume. The Indian government is advancing both public and private sector industries as well as robotics start-ups in the country.
Indian businesses are rapidly adopting robotics software and technologies, but they still face several unique obstacles. The following is a list of the top 5 robotic stocks to buy in India in 2023:
The Indian multinational automobile manufacturing company Mahindra & Mahindra Limited is a member of the Mahindra group. M&M has joined the competition and has a "robotic weld line" at its Nashik factory. Several of its products, including the Marazzo and the XUV300, are now served by it. Robots perform roughly 70% of the work in their vehicle body shop.
Maruti isn't a long way behind in automation. At its car factories in Manesar and Gurugram, it employs numerous robots.
More than 2000 robots are employed in the weld shop, where robots are most commonly used. Auto car bodies are shaped in the press and paint shops, both of which are automated. Nowadays, most car assembly is done manually. They utilize more than 5,000 robots at their plant to deliver vehicles.
The "Made-in-India" robot TAL BRABO was introduced by TAL Manufacturing Solutions, a Tata Motors wholly-owned subsidiary. It primarily serves the micro, small, and medium industries and is abbreviated as "Bravo Robot. This robot is utilized by enormous names which incorporate Tata Motors, Mahindra and Mahindra, CPG Enterprises, BITS Dubai Campus, and Micromax Systems.
Happiest Minds Robotic Process Automation as a service is intended to assist associations with incorporating RPA with innovations like machine learning, AI, and knowledge-based systems to drive endeavor-wide change.
Tata Elxsi focuses on innovating products and services that enable pharmaceutical and healthcare companies to automate core processes. The business works in product engineering and designing other embedded systems for robotics and software that are related to them.
Join our WhatsApp Channel to get the latest news, exclusives and videos on WhatsApp
_____________
Disclaimer: Analytics Insight does not provide financial advice or guidance on cryptocurrencies and stocks. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. This article is provided for informational purposes and does not constitute investment advice. You are responsible for conducting your own research (DYOR) before making any investments. Read more about the financial risks involved here.