Automobile manufacturers are increasingly vocal about the mounting paperwork and delays associated with India's Production-Linked Incentive (PLI) scheme for the automotive sector, arguing that compliance requirements are becoming as challenging as meeting technical eligibility conditions. They are pushing for a simpler, faster, and more predictable certification and compliance framework.
Three additional vehicle makers and five more auto component makers will begin availing financial incentives under the production-linked incentive (PLI) scheme for the automobile sector from 2026-27 (FY27) onwards, Hanif Qureshi, additional secretary at the Ministry of Heavy Industries (MHI), said on Wednesday.
Shortages of chips will impact the car market
In a lawsuit filed through national plaintiffs' law firm Lieff Cabraser Heimann & Bernstein, LLP (Lieff Cabraser), Indian national Suraj Kamath on Wednesday charged that Bosch unjustly enriched itself by requiring all of its non-US citizens employees to pay to Bosch federal and state tax refunds the employees had received while working in the US.
Estimates suggest subsidy outgo on these proposals would be at least Rs 1,000 crore
The government is currently also revising its MSIPS policy to extend its mandate apart from making it more investor friendly.
India's biggest car maker Maruti Suzuki said on Tuesday that its vehicle production in September will tumble by 60 per cent due to chip shortage. The company, which had earlier cut down production at its Gujarat plant, said the chip shortage will hit production in Gurugram and Manesar plants, effectively forcing the automaker to cut production by 60 per cent. Owing to a supply constraint of electronic components due to semiconductor shortage, the company is expecting an adverse impact on vehicle production in September in both Haryana and its contract manufacturing company, Suzuki Motor Gujarat Pvt Ltd. (SMG) in Gujarat.
Choose from a range of accessories to make his life easy, enjoyable and stress-free.
Sweeping, swabbing, dusting, the dishes -- and the day ends in exhaustion even before it begins. So, it is no wonder that gadgets that can help ease the pressure are in hot demand, notes Pavan Lall.
Apple and Samsung are international players and should work as a team with domestic companies to transform India into a global powerhouse: IT Minister Ravi Shankar Prasad.
Indian auto industry's dependence on China is high and it will continue to be so in the BS-VI era and as the country moves towards electric mobility. Domestic players lack both technological competence and the sheer pricing advantage that support Chinese imports.
'It is a gradual process of saying we want to have all the decisions across business sectors available in India as well.'
Tata Motors recently cut the sales forecast of its luxury car brand, JLR, due to chip shortages, scaling down its production numbers from the earlier 120,000 units to 60,000-65,000 units by September, and leading to an almost 10 per cent fall in the company's stock. In May this year, Bosch India, too, had stated that chip shortfalls would impact its production, as supply chains were getting disrupted.
'My mantra is simple. If a customer demands something, we have to deliver at the speed he wants. No customer will wait for us. That is where local top-quality talent comes in,' says the MD of Bosch India.
On a cloudy Monday this month, Mohammed Irshad flew from Kochi to Gurugram to attend an exclusive investor networking event. Among a handful of founders selected for the event, Irshad was to pitch his peer-to-peer learning start-up Notespaedia for funding in front of top venture capital investors such as AngelBay, Elevation Capital, and Inflection Point Ventures. He failed to woo them, but the feisty entrepreneur was determined to continue his hunt.
Top companies across sectors -- automobile maker Maruti Suzuki, consumer electronics giant Samsung to IT giant Infosys -- have reopened factories and offices as India took its first steps towards resuming economic activity after weeks under a near-total coronavirus lockdown.
One of Apple's suppliers, Salcomp, will invest Rs 2,000 crore over the next five years to make components at a Nokia plant in Chennai. The facility, which has been closed for nearly 10 years, will be revived and made operational from March 2020.
The holy grail of all motorcycles, the M V Agusta Turismo Veloce 800, finds its way to India.
These motorcycles, likely to be launched in the Indian market this year, generate 200hp of power, making them one of the most powerful bikes in the world.
India wasn't applying widespread crash testing like foreign countries do, so manufacturers didn't see the need for an investment focus on safety. Customers rarely walked into showrooms asking for the safest car. They wanted the cheapest or the most fuel-efficient or the best-looking car.
In the Rs 35-50 lakh range, these superbikes can make your presence special, wherever you take them
Around 55 per cent of land in the 36 operational special economic zones (SEZs) in Tamil Nadu is lying vacant owing to various reasons, including the recent economic slowdown.
Only 36 per cent in Japan and 44 per cent in Germany were willing to use such vehicles.
Karan Narsu takes a look at the most gob-smackingly expensive bikes launched in India this year
An old consumer electronics warhorse looks to leverage its past.
Ducati has raised the bar in the middleweight sportsbike segment with its bigger and more powerful 959 Panigale. We put the bike through its paces to tell you what the bike feels like from behind the bars!
If you're in the hunt for an exotic, fast and stunning looking motorcycle, the MV Agusta Brutale 1090 is just the bike for you.
India has made a remarkable journey from a top-down system of economic decision-making to one that unleashed our entrepreneurial spirits but the next big jump lies in enhancing the quality of our tale.
Sree Sreenivasan recalls his encounters with the pioneer of sound who passed away on Friday and gives a sense of how many lives he touched -- in big and small ways.
