Chinese electric vehicle manufacturers now hold nearly 30% of the Indian EV market, marking a significant shift amid New Delhi's consideration of easing investment restrictions. This development follows years of protective policies and high tariffs designed to shield domestic players such as Tata Motors and Mahindra & Mahindra from foreign competition.
Japanese firms like Rohm and AOI Electronics built partnerships with Indian partners. Foxconn is mimicking its strategy in China, setting up a factory city in India.
Samsung Electronics is prioritizing artificial intelligence adoption, local manufacturing, and consumer financing in India, foregoing an initial public offering for its local business. The company aims to strengthen its footprint in one of its most important growth markets through internal expansion and strategic investments.
AST SpaceMobile has launched its largest satellite, BlueBird 6, marking a key step toward providing 4G and 5G broadband directly to standard smartphones worldwide and accelerating the company's plans to build a global space-based cellular network, according to Bloomberg, Business Wire, and Investor's Business Daily.