India's import tariffs for the electronics sector are higher compared to countries like China and Vietnam that is negating the support provided through PLI schemes.
Tag: India
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India may invest in automotive industry of Tanzania
India said it is looking at the possibility of partnering with Tanzania on investing in the construction of the automotive industry.
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India’s passenger vehicle sector may face loss of $5 bn due to chip shortage
India’s passenger vehicle industry is set to lose 500,000-600,000 units in production and more than $5 billion in revenue this fiscal year due to the global shortage of semiconductors, say industry executives.
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Volvo Buses delivers 10 coaches to Odisha
Naveen Patnaik, Chief Minister, Odisha, has dedicated 10 Volvo B8R 12-metre coaches to Odisha at a special event held in the capital city.
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Tesla interacts with indian firms for auto components
Tesla Inc is in talks with at least three Indian auto component suppliers as part of its plans to enter the local market, according to the Economic Times.
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India is fast becoming the most sought-after manufacturing destination
India is becoming an established base for pharmaceuticals, chemicals and engineering, which are the focus of the US-China trade tensions. China is still the number one in manufacturing with a diversified base.
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Spinny raises $108 mn in series D round by Tiger Global
Spinny which is a used car retailing platform has announced that it has received a funding of $108 million in series D funding round from new and existing investors.
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Benelli eyes 250-500cc motorcycle segment for growth in India
Benelli, the Italian superbike maker, continues to focus on the 250-500cc motorcycle segment in India. As per Vikas Jhabakh, Business Head, this is a high-growth potential premium segment.
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Hyundai Motor India has come out with fastest ‘10 millionth’ Car
Hyundai Motor India Ltd (HMIL) has announced the production of the fastest rollout of 10 million cars from its state-of-art manufacturing facility in India near Chennai.
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Valeo to provide electric powertrains for Omega Seiki’s 2-3 wheelers
Valeo and Omega Seiki Mobility have signed a Memorandum of Understanding (MoU) under which Valeo will provide the electric powertrains for the OSM vehicle range.