Hyundai Motor India and Tata Power have entered into a partnership to build fast-charging facilities for Hyundai's dealer stores and customers, an important step for Hyundai's electric vehicles (EV) expansion in India.
Optimistic about getting approval under India's chip incentive scheme, Vedanta has started to find customers before building its chip plant, while Ather Energy, one of the few electric two-wheeler vendors not caught in recent fire incidents in India, has received India's government funding.
India wants to transition to electric vehicles quickly. The government has made its intentions clear with subsidies and incentives, while major car OEMs like Tata Motors are gearing up to launch several new electric vehicles.
Amid the Indian government's efforts to encourage battery swapping systems to help electric vehicle (EV) adoption, Sun Mobility, a major BaaS provider in India, is actively forming alliances to expand its battery-swapping network.
Despite being viewed as the world's last high-growth and large smartphone market, India faces supply issues resulting from COVID-19 in China, leading to declined shipments for the third consecutive quarter.
With India aiming to build itself an EV manufacturing hub, Tesla did not respond to Indian officials' call for making EVs in India, while Toyota decided to align its carbon neutrality plan with the Indian government.
Indian Transport as a Solution (TaaS) startup aims to expand to Southeast Asia and MENA as these regions have conditions similar to India. Speaking to DIGITIMES Asia recently, Avinash Bagri, co-founder & CTO of gogoBus, explained that finding the right partners in these regions is important to the company.
The success of India's semiconductor manufacturing plans depends heavily on partnerships with global companies. Vedanta's recent tie-up with Foxconn underscores this. But setting up chip-making factories requires a lot of other factors, including adequate infrastructure, clean water, and power, according to Sanjeev Keskar, CEO of Arvind Consultancy.
Semiconductor consortium ISMC, a joint venture between Tower Semiconductor and Next Orbit Ventures, has announced to invest US$3 billion to set up a 65nm chip-making plant in Mysuru, Karnataka, the first and largest semiconductor fab in India, according to The Economic Times.
India held the first-ever Semicon India conference, during which semiconductor companies such as Applied Materials and ISMC announced investments in response to India's goal to build a semiconductor ecosystem.
Taiwan-based iPhone contract manufacturers are expected to expand their capacity in India in the current fiscal year and produce iPhones almost five times the output produced in the previous fiscal year, according to The Economic Times.
After establishing a joint venture with Foxconn to set up a 28nm fab in India, Vedanta Group reportedly is seeking generous subsidies from local governments, including free land, cheap water, and electricity.
After a series of electric two-wheeler (E2W) fire incidents that led to at least six deaths in the last couple of months, Indian authorities are trying to regulate the battery quality issues that result from rapid expansion, which may slow down E2W growth in India.