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.
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.
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.
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.
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.
India's Ministry of Electronics & IT of India has disclosed in a press release that as of February 15, 2022, five companies had proposed to set up fabs in India in the first round of the US$10 billion semiconductor and display incentive scheme invitations. While Vedanta's JV with Foxconn, IGSS ventures, and ISMC applied for semiconductor fabs, Vedanta and Elest submitted applications for display fabs. However, Economic Times, citing unnamed officials, reported that India decided to leave the application window open for further applications.
India's Ministry of Heavy Industries released a list of applications approved under the Production Linked Incentive (PLI) scheme for the automobile sector with Hyundai, Ford, and Suzuki willing to invest in advanced green automotive technologies in India.
Bosch is planning to inject a substantial amount into the automotive industry in India in the next four to five years, while the South Asian country has rejected Tesla's call for reduced EV import tariffs.
The Indian government's production-linked incentive (PLI) subsidies for batteries and smartphones have attracted some big names, while a report showed that Indian solar module capacity is set to increase by 400% by 2025.
Electric vehicles (EV) are taking off in both scooter and passenger car segments, while industry groups fear high import taxes could dent India's advantages.
Reliance's subsidiary has acquired a UK-based battery maker, Faradion, while the Indian authority is looking into Apple's App Store over alleged unfair competition.
The indian government will provide a total of US$10 billion to support local semiconductor industry, while car sales are expected to decline by 500,000 units in FY2022 due to chip crunch.
Hyundai is investing US$530 million in brining more EVs to India, while local EV startup Ola has raised US$139 million in funding with loss narrowed for fiscal 2021.
