Foxconn has reportedly secured 200 acres of land in Tamil Nadu for a battery manufacturing plant, aligning with the company's strategic focus on AI and EV as growth engines
Apple is actively pursuing partnerships with Indian manufacturers to establish a local supply chain beyond iPhone production, potentially including components for wearables and other devices, as its China-based suppliers show reluctance to invest in India
As India entered its annual festive season, PC shipments experienced slight growth despite a weak consumer market. Acer achieved double-digit growth, driven by strong demand from the education sector and other industries
According to a press release published by the Press Information Bureau of India, the Competition Commission of India (CCI) has greenlit a significant transaction involving the investment in Flipkart Private by Alphabet-owned Shoreline International Holdings. This development marks an important step for Flipkart, a subsidiary of retail giant Walmart, as it continues expanding its presence in the Indian e-commerce sector
Apple's attempt to delay a report indicating it violated competition laws in India has been denied by the nation's antitrust authority, the Competition Commission of India (CCI), according to Reuters, which cited an internal order from the regulator. The decision permits the proceedings against Apple to advance
India is preparing to roll out a new set of incentives worth up to US$5 billion, aiming to encourage companies to manufacture electronic components domestically. Designed by India's electronics ministry, this initiative targets the production of parts for various gadgets, ranging from mobile phones to laptops. This move is part of India's broader strategy to strengthen its electronics industry and reduce dependency on Chinese imports
AMD inaugurated an R&D center in India while affirming its commitment to invest the US$400 million announced in 2023. The company is building two supercomputers in India specifically for weather forecasting, emphasizing India's position as a critical hub with 25% of the company's global workforce based there
In the rapidly evolving landscape of global offshore wind energy, China has emerged as the undisputed frontrunner, while India is just beginning to explore this sector. Industry experts from Rystad Energy and S&P Global offer insights into the different paths taken by these two Asian giants in the offshore wind market
According to the Mint, Business Standard, and the Times of India, Tofler cited Apple India's corporate filing with the Registrar of Companies of India, disclosing that, driven by rising iPhone sales, the company's revenue reached INR671.216 billion (US$7.95 billion) in the fiscal year ending March 2024, a 36% increase compared to the previous year. The company's net profit rose from INR2.229 billion in fiscal 2023 to INR2.745 billion
Xiaomi will replace its GetApps store with PhonePe's Indus AppStore in India starting January 2025 to improve user experience, addressing concerns about intrusive ads and privacy. The Indus AppStore offers a wider range of apps, supports multiple languages, and has a more developer-friendly model. However, questions remain about its uninstallability and potential to replicate past issues
MediaTek is intensifying its efforts to challenge Qualcomm's dominance in India's premium 5G market. As the company gains traction with Chinese smartphone manufacturers for their high-end models, it is strategically positioning itself to expand its footprint in this competitive space
India's electric vehicle (EV) market is seeing contrasting trends, with passenger EV sales declining while the commercial segment grows rapidly. Recent data shows a 9 percent year-on-year drop in passenger EV sales in September 2024, marking the lowest point in 19 months
The Competition Commission of India (CCI) imposed a substantial fine of INR2.13 billion (approx. US$25.3 million) on Meta, the parent company of WhatsApp, citing the abuse of its dominant market position in India
LG Electronics is reportedly planning to establish a third plant in India, continuing its recent production expansions in the country. The move aligns with the company's potential IPO of its Indian subsidiary, signaling its commitment to growth in the region
