India continues to keep up its efforts in promoting manufacturing and usage of electric vehicles (EV). On the other hand, the global shortages of semiconductors are hitting both car and electronics sectors hard.
The Indian government might have a new subsidy for manufacturing wearable devices locally, while handset exports soared in the second quarter. Optiemus is working with Taiwan-based Wistron to produce electronics more extensively.
India's production-linked incentives are attracting both domestic and foreign companies to start manufacturing in India, including Tata Group, Dixon Technologies, and Japan-based Rexxam. While promoting development of electric vehicle, India is considering reducing tariffs on EVs.
US-based First solar has unveiled a plan to build a PV module plant in India, emphasizing that none of its production occurs in China. Meanwhile, Chinese brand Realme is looking to export its Indian-made handsets to Bangladesh.
India's handset market saw a milder-than-expected sequential drop in sales in second-quarter despite COVID surges, while its car industry is calling on the government not to extend preferential tariffs to Tesla.
India has seen local EMS providers step up investment in constructing production capacity for making notebooks and other IT harware, while the funds that local startups raised in first-half 2021 exceed the total for 2020.
Social media sites in India are seeing shifts in use behaviors. A high court in India has ruled that Twitter has to take legal responsibility of its users' speeches, while the South Asian country's ban on TikTok has opened up opportunities for local video startups.