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Elon Musk pointed out in Tuesday's earnings call that Tesla expects a 50 per cent increase in production over 2023
China is the largest cell and battery manufacturer in the world. Its companies have explored a possible entry to India but did not proceed due to stringent FDI norms for companies from China
Expects thousand-odd Indian engineers to return from Southeast Asia, US
The government has offered two models to those showing an interest in setting up the fab plant
The Tesla factory in China, on the other hand, sources 95% of its components locally after 5 years
Elon Musk is expected to meet PM Narendra Modi and announce that Tesla will set up a car and battery plant in India. He may push plans to launch Starlink's broadband services
Micron plans to supply chips from Sanand unit to Apple
Apple's iPhone exports alone now constitute 35% India's entire electronics export goods basket
The telecom dept hasn't issued a global mobile personal communication licence to Starlink, a prerequisite for it to start commercial services in India
Slowdown in the decline of 2G subscribers hurting smart phone sales
Exports expected to cross 80% of its production
Initially, Elon Musk's Tesla will address only 5-6% of India's light vehicles market. What kind of ride is it likely to have?
Replaces it with 'mercenary spyware' warning in India, 91 other countries
It suggested that a PLI 2.0 for mobile phones should be modelled on the revamped PLI for IT hardware so that incentives are linked to value addition to avoid the failures of the first scheme
Vietnam has been the biggest beneficiary. It saw an incremental increase in electronics exports worth $39.1 billion between 2018 and 2023
The new EMPS, valid for four months, halved the subsidies per KWH (kilowatt hour, a measure of battery capacity) to Rs 5,000 per vehicle
It's other countries that are mopping up what would have gone to China
S&P Mobility said that while Maruti has a tiny EV market share, its battery cell demand is expected to be 20 per cent by 2035, as against Tata Motors at 22 per cent
Govt's sequential approach targets mature nodes, foreseeing a conservative $100 billion chip demand in five years
Industry experts attribute the increase in the average sale price of a phone to customers' shift towards premiumisation, bolstered by the growing adoption of 5G phones