The new four-wheeler (4W) electric vehicle (EV) policy may spur the entry of global majors. The manufacturing policy cuts Customs duty to 15 per cent, given a minimum investment commitment. It calls for a minimum investment of Rs 4,150 crore (about $500 million) for making electric four wheelers (e-4Ws), with manufacturing to commence within three years of approval.
Manufacturers of electric vehicles (EVs) have been lukewarm to the ad hoc subsidy scheme announced by the Centre for them. Sector majors have not been enthused by the lower level of incentives in the scheme, which has replaced the flagship Faster Adoption and Manufacturing of Electric (and Hybrid) Vehicles-II. Moreover, increased stringency in claiming subsidies and delays in disbursement have been cited by several original equipment manufacturers (OEMs).
Printer manufacturer TVS Electronics has sold off its contract manufacturing services business at Tumkur for Rs 41.12 crore (Rs 411.02 million) to Incap Contract Manufacturing Services, a 100 per cent subsidiary of Finland based Incap Corporation.
Global chip making major Intel Corporation on Tuesday announced a worldwide initiative 'Real Server Campaign' in India to educate small and medium-sized businesses about how to select the right server system.
With iYogi's 'Digital Services Cloud', telecom companies, original equipment manufacturer, technology retailers and business process outsourcing companies can address new opportunities and generate revenue, while enhancing customer experience and reducing costs.
For the first time in history, the luxury car market is poised to cross the sales mark of 50,000 units in 2024, with Mercedes leading the way
The issue has been raised by the income-tax department saying that consumer electronics and home appliances manufacturer Samsung India Electronics Ltd is liable to deduct tax in respect of goods outsourced for manufacturing to other manufacturers or original equipment manufacturers.
'Primary buyers are commercial taxi and fleet operators and small businessmen.' 'CNG prices have been remarkably stable unlike petrol.'
Designed for touch, it requires a great touchscreen or a touch pad.
Indian engineering research and development (ER&D) players, such as Tata Technologies, Tata Elxsi, and Cyient, among others, had a subdued January-March quarter of 2023-24. The outlook for 2024-25 (FY25) also remains unexciting amid weak discretionary spending, prompting analysts to revise their growth expectations for the ongoing financial year (FY25).
Auto sales continued to break record for the fourth consecutive month in October, with total vehicles sold in the country last month stood at 14,60,655 units.
Apple, Samsung, Sony, LG, Nike and Google are all betting big on smart wearables that can help you connected with your home whenever, wherever!
Indian policymakers must realise that in buying small quantities of equipment, it becomes hard to start manufacturing them in India, explains Ajai Shukla.
The cost of open cells has seen an average increase of between 3 and 20%, and is higher for larger screen TVs in July, according to manufacturers of televisions
At least one Indian company will be among the top six carmakers that would dominate the global auto industry by 2020, a study by global consultancy firm Deloitte said.
The four new Heron Mark-2 drones, which can be equipped with long-range missiles and other weapons systems, have been deployed at a forward air base in the northern sector, where Team ANI witnessed their operations.
Tata Motors, the market leader in electric four-wheeler space, has sought incentives for its Tiago EV under the government's production-linked incentive (PLI) scheme, group chief financial officer P B Balaji said on Tuesday. The Mumbai-headquartered firm has applied for all variants of the Tiago, which recently hit a sales milestone of 10,000 units. "The Automotive Research Association of India certification is done.
Deccan Engineering Enterprises (DEE) , a specialty automobile body-building unit based at Hyderabad, is now looking to specialise in bullet proofing vehicles.
In 2006, components worth $2 billion, around Rs 90,000 crore were exported by Indian companies, 75 percent of which were bought directly by car companies.
Also the companies should be self-sufficient in product designing and have maintenance and life cycle support facilities.
The Indian Navy has received a replacement MQ-9B Sea Guardian drone from General Atomics after one of its leased drones crashed into the Bay of Bengal in September 2023. The new drone replaces the one lost in a "controlled ditching" due to a technical snag. The Indian Navy has also leased two MQ-9B drones from General Atomics in 2020, and India has signed a deal to procure 31 Predator drones from General Atomics for USD 4 billion. The supply of these drones will begin in January 2029. The Navy is also pushing for another indigenously-built aircraft carrier to replace INS Vikramaditya, which is expected to have a lifespan of another 10 years.
Hong Kong-headquartered Growth-Link Overseas has announced it would invest Rs 300 crore to build a manufacturing facility for Nike footwear at Cheyyar, near Kancheepuram in Tamil Nadu.
'There is a need for a national task force with a singular objective to increase automotive exports.'
He said over ten global launches and a total 50 new launches, which includes variants of different existing models, will be held during the expo.
DSP technology product firm Ittiam Systems on Thursday announced a tie-up with US-based DivX Networks to develop solutions to enhance performance of electronic products including video players.
The defence sector is seeing renewed interest by Indian corporates, says Jyoti Mukul
Seven electric two-wheeler companies have suffered a cumulative loss of over Rs 9,000 crore on account of unpaid dues and loss of market after their subsidies were stopped last year, the Society of Manufacturers of Electric Vehicles (SMEV) said on Wednesday. These companies have also been directed by the govt to refund the subsidies availed by them. The audit by SMEV's chartered accountants indicates the total, cumulative damages to affected companies could account for over Rs 9,000 crore on a conservative basis, it noted.
Domestic commercial vehicle sales volume is expected to grow 9-11 per cent in FY24 driven by medium and heavy commercial vehicles and an estimated economic growth of around 6 per cent, rating agency CRISIL said on Monday. Besides, an increased allocation to infrastructure spending in the Union Budget for next fiscal year will support demand, it said. This would be the third consecutive year of growth in the domestic CV industry, according to CRISIL.
The defence ministry has issued a request to original equipment manufacturers and vendors for information on such bombs, which could be used by Navy's fixed-wing aircraft.
Sandisk Corporation, the global leader in flash memory cards for digital cameras and maker of the Micro SD cards widely used in mobile telephones, is now getting bullish on the growing rural market for cellphones in India.
A computer with NPU can handle a wide range of tasks directly on personal devices without relying on a Cloud service.
Come early 2007, a mobile user will get a feature-rich multimedia phone that even supports 3G applications by paying less than Rs 1,800
Auto component sales in the country are likely to rise in 2010 on the back of positive outlook for cars sales but overseas demand will continue to be sluggish, global rating firm Fitch said.
Domestic commercial-vehicle (CV) sales volume will witness significant growth over the next few years and the overall CV volume is likely to reach close to 1-million units by FY24, a report said on Wednesday. The report by credit ratings agency Fitch Ratings also expects growing demand and the resultant rise in operating leverage to boost the profitability of the domestic CV-focused original equipment manufacturers after FY22, despite elevated production costs. A recovery in medium and heavy CVs from multi-year lows, along with sustained growth in light CV categories, will help overall CV volume to reach close to 1-million units by FY24 - the level of the last cyclical peak recorded in FY19, it said.
"We are seriously looking at launching our own mobile brand, offering a complete range of handsets to bring better value to our customers. We are currently negotiating with a couple of original equipment manufacturers (OEM)," Rajiv Agarwal, chief executive officer and director, The MobileStore, said, while refusing to give details.
This year will be the one when GenAI becomes a part of the daily lives of people around the world.
'In April, we saw a 10 per cent growth in our own volumes.'
'It can be used to build three-wheelers, vans, too'
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