Tata reportedly is in talks with a state government to build semiconductor assembly plants. E-scooter maker Ather Energy is raising annual production capacity to 400,000 units, while Bounce just launched the first battery-as-a-service in India along the brand's first e-scooter Infinity E1.
The Modi government is proposing a bill to regulate blockchain technology and is likely to launch an official virtual currency, while Acer and local manufacturer Dixon Technologies are partnering up to increase local manufacturing of laptops.
The fast-growing logistics startup in India, Delhivery, plans to raise US$1 million through IPO, while Elon Musk's Starlink is poised to start its satellite and network services in India.
India continues pushing for its local manufacturing of EV and semiconductors; however, lithium batteries are hard to find. Honda may launch its first electric two-wheeler in India in the next financial year.
Dixon Technologies is buying a manufacturing unit from telecom operator Bharti, whose share in the fixed-line broadband market recenly slipped from second to third place in India.
Ather Energy and Tata Motors are making substantial investments in electric vehicle businesses, but India's car production and sales both decreased in September compared to the same month in 2020.
Startups are the growing force of India's economy. One of India's unicorn startups launched Ola Cars online car-shopping platform, while electric vehicles (EV), especially two-wheelers, are seeing increasing sales in India.
India has seen record growth in smart TV demand and large investments in the green energy sector. Government subsidies have attracted 19 firms, mostly Indian, to invest in solar energy.
While Vietnam is slowly reopening from lockdown, foregin companies find themselves in need of new suppliers, and local workers are unwilling to return to work posts in the city just yet.
India has finally released the long-awaited PLI for automotive, while a unicorn e-scooter maker has announced 100% female participation in its gigafactory.
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.
