Page 36 - Surajeet Das Gupta

Battery capacity lowered due to electric vehicle target scale-down

The government has earmarked Rs 250 crore for incentives under the PLI scheme for batteries in FY24-FY25

India's smartphone market grew by a nominal 1% in 2023, shows IDC data

The market grew 11% year-on-year in second half of CY23, compensating for the sharp 10% decline in the first half

A fresh twist: Next Orbit, ISMC give Tower Semiconductor legal ultimatum

The communication was sent on January 24, but late last week there were reports that Tower had applied to the Indian government to set up a fab plant that will make chips of 40-65 nanometres

HMD unveils strategy to recover lost ground in Indian smartphone market

But company executives clarified that it will continue to make Nokia phones and move to a multi-brand strategy across the globe

Remaking PLI: Can a revamp of the scheme plug the gaps and speed things up

PLI is Prime Minister Narendra Modi's dream scheme to transform India into a manufacturing hub for the world

After brisk start, electric vehicle penetration loses momentum in FY24

Electric two-wheelers, which were expected to lead the charge, are a case in point, especially after the government sharply cut back the subsidy given to manufacturers in the middle of last year

India closes in on Vietnam for tag of 'alternative to China' in tech sector

Owing to the persistent strain in US-China relations, Chinese supply chains have been looking at moving out of their country to locations which the US considers to be 'friendly'

Padma Bhushan for Young Liu embodies how Foxconn has grown roots in India

But to flower further, it may need to reduce dependence on Apple Inc

Only 38% of Fame 2 subsidy used so far in FY24, shows govt data

In 2023-24, according to MHI, the budgeted allocation was Rs 5,171.97 crore

Govt puts Vedanta Group's mega fab unit proposal on the back burner

The vedanta Group's joint venture (JV) with leading technology service provider, Foxconn, fell through last year

India targeting 15-20% share of global electronic GVCs by FY26: MoS IT

Chance for India to be an export-driven manufacturing hub, says Rajeev Chandrasekhar

Govt nearly doubles PLI scheme share of five key industry segments

Amount raised from Rs 8,405 cr in RE of FY24 to Rs 15,198 cr

India's PV sales to slow down in FY25, EV market to be steady: ICRA to Siam

Commercial vehicle market expected to retreat in election year

Discounts fail to fire up electric 2-wheeler sales in January, shows data

Industry unlikely to meet FY24 target of 1 million registrations

3-wheeler dominance gives Bajaj confidence to try 2-wheelers running on CNG

Undaunted, Bajaj is looking at launching a CNG-powered motorcycle by 2024-25 and then testing the market with a CNG scooter. For projections, it is looking at electric two-wheelers as an indication

On a test track: Foxconn's venture with HCL puts sheen on OSAT biz in India

A lot could depend on how well Micron's project takes off

India to tap 12% of global iPhone production in FY24, up from 9% earlier

Apple crosses PLI target of $8.9 bn this financial year

Indians spent 12.84 bn hours on shopping apps in 2023, next only to China

The time spent by shoppers on these apps in 2023 was far higher than in the US (2.8 billion hours), Brazil (3.020 billion hours), but it was less than that in China where it was 49.60 billion hours

India share of venture capital funding lowest in 5 years, shows data

While the data shows that the world had 71 new unicorns (21 in Asia), India contributed only two of them, as compared with CY22 when it had 22

A slowing domestic mobile phone mkt presents challenges to Meity's targets

In spite of PLI incentives, India's gap with China, Vietnam is not fully bridged, leaving a gap of 4-5%. However, if tariffs are brought down, ICEA estimates that exports will go up to $50 bn by FY27