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Hyundai Motor and Kia partner with Exide Energy for EV battery localization
Partnership with Exide Energy enables Hyundai Motor and Kia to equip future electric vehicles in the Indian market with locally produced lithium iron phosphate (LFP) batteriesRead more
BMW and German automakers express concerns over EV Policy favouring new entrants
The Indian government has given the green light to a new electric vehicle scheme with tax relief aimed at positioning India as a prime manufacturing hubRead more
Indian auto exports decline 21% in 2023, passenger vehicles buck trend with 5% growth
This downturn was attributed to monetary and geopolitical crises in various overseas markets. The overall exports totalled 42,85,809 units in the last year, down from 52,04,966 units in 2022.Read more
Govt mulls revised telecom incentive scheme as companies struggle to meet targets
The updated scheme is anticipated to extend eligibility for incentives to some new telecom networking products.Read more
Indian govt considers exempting key EV components from localisation norms
However, this new consideration is met with opposition from local players such as Mahindra & Mahindra and Tata Motors, as well as foreign companies with decades-long operations in India.Read more
UK-India FTA talks centered on mid-range Electric Vehicles market access
The British government is determined to gain access to India’s mid-priced EV market, particularly in the $40,000-$60,000 (Rs 33.30-49.9 lakh) range.Read more
Gulf Oil and S-OIL SEVEN join forces to expand footprint in India
Gulf Oil will oversee the production, distribution, and promotion of premium OEM like KIA India dealer network.Read more
Nokia's Chennai factory milestone, 7 mn telecom units produced in 15 Year
This achievement coincides with the factory's fifteenth anniversary and underscores its pivotal role in bolstering telecom equipment manufacturing within the country.Read more
Indian Automobile Industry valued at $108 bn in 2022-23: Primus Partners
The automobile industry produced value of Rs 8.7 lakh crore in 2022-23 and India produced 2.7 crore vehicles and is 3rd in passenger vehicles and 1st in 2 wheelers globally. Read more
3i EXPO Webinar - “Automation: The key tool to gain competitive edgeâ€Â
The first virtual discussion panel - as a part of the webinar series for 3i Expo 2022 - focused on opportunities for India in the post Covid world and importance of modern manufacturing technologies to achieve the goals of Aatmanirbhar Bharat mission, writes Rakesh Rao.Read more