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India roundup
Weekly updates of developments in India
IN THE NEWS
Monday 4 July 2022
India roundup: IGSS looking to set up chip fab in southern India
IGSS, an applicant for the US$10 billion semiconductor incentive scheme, is looking to set up its fab in southern India. Renesas, eyeing opportunities in India, has expanded its relationship with Tata Group.
Monday 27 June 2022
India roundup: Foxconn chairman visits India for electronics manufacturing plans
Taiwan-based Foxconn delegation visited India to discuss investment plans, and Ola decided to focus more on its emerging EV business.
Monday 20 June 2022
India roundup: Made-in-India smartphone shipment grows despite lockdowns in China
Amid lockdowns in China in the first quarter of 2022, made-in-India smartphone shipment continues to grow. Smartphone manufacturer Bharat FIH is closer to IPO, while manufacturers eligible for the mobile phone PLI are still waiting to receive their cash incentive.
Monday 13 June 2022
India roundup: Mitsubishi Electric to set up plant in India
Mitsubishi Electric is planning to build a plant in India, a move aimed at supply chain diversification, and Ola Electric is speeding up its EV battery cell plant investment negotiation.
Monday 6 June 2022
India roundup: Beijing 'closely watching' New Delhi's rising scrutiny against Chinese comapnies
The Indian government is investigating Chinese companies, including Xiaomi, ZTE and Vivo, for financial and tax-related issues, while Taiwan-based companies, expecting rising demand in India, are expanding their Indian business.
Monday 30 May 2022
India roundup: Vedanta to determine chip plant location by mid-June
During the past week, Vedanta confirmed that its chip and display plants' location will be announced by mid-June, while Tesla and the Indian government still have to find some common ground on Tesla's EV investment plan.
Monday 23 May 2022
India roundup: Apple reportedly to boost production in India, Vietnam
Amid a China-plus-one supply chain landscape, Apple reportedly tells suppliers to expand production outside China, while electronic products, including PCs, tablets, and wearables, are delivering a rapid growth in India.
Monday 16 May 2022
India roundup: Vedanta looking for chip customers
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.
Monday 9 May 2022
India roundup: Tesla's entry into India likely on hold
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.
Tuesday 3 May 2022
India roundup: ISMC to set up 65nm fab in southern India
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.
Monday 25 April 2022
India roundup: Semicon India 2022 to be held at end of April
India's Ministry of Electronics and Information Technology has issued a press release saying that India will hold Semicon India 2022 in Bangalore from April 29 to May 1, and names expected to participate in the conference include: Sanjay Mehrotra, CEO of Micron; Anirudh Devgan, CEO of Cadence; and Ajit Manocha, president of SEMI. The Indian government expects a number of MoUs to be signed during the event.
Monday 18 April 2022
India roundup: Apple begins making iPhone 13 in India
Apple has confirmed manufacturing of iPhone 13 in India, according to The Economic Times, which means with the help of Wistron and Foxconn, Apple currently makes iPhone 11-13 in India, and Pegatron's India plant is expected to start production in April and initially will manufacture iPhone 12Still, the Pro series of iPhone 11-13 is not assembled in India.
Monday 28 March 2022
India roundup: Hyundai, Reliance, Ola approved for batteries incentive scheme
India's MInistry of Heavy Industries has disclosed in a press release that Hyundai Global Motors, Ola Electric, Reliance New Energy Solar, and Rajesh Exports have been selected under Production Linked Incentive for Advanced Chemistry Cell in a bid to boost local battery cell production in India.
Monday 7 March 2022
India roundup: Tata and Renesas to build EV innovation center in India
Renesas Electronics and Tata Elxsi set up Next Generation EV Innovation Center, which opened in January, in Bangalore to develop EV technology, such as battery management systems and motor control units.
Tuesday 1 March 2022
India roundup: Suzuki and Toyota mulling EV production in India
According to the Economic Times, Maruti MD and CEO Kenichi Ayukawa confirmed that Suzuki (which has applied to India's government for a PLI for Automotive and Auto Components) and Toyota have been talking about making EVs in India,. At the moment, they have yet to reach a conclusion.
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