JSW Group, involved in business ranging from steel to energy, plans to launch its own brand for Electric Vehicles (EV). JSW Group has negotiated licensing agreements or transfer of technology with some Chinese EV companies. It plans to build a full EV company with electric cars and electric trucks. JSW Group holds about 35 percent…
In the last few years, the demand for semiconductors in the country has increased rapidly. In the last financial year, import of semiconductors increased by about 18.5 percent to about Rs 1.71 lakh crore. Semiconductors are used in many industries like automobiles and smartphones. The central government has taken measures to increase the manufacturing of…
Licensing will not be implemented for import of computers and laptops in the country. However, shipments of these devices will be monitored. Earlier in August, the central government had announced the implementation of the license requirement for import of certain products including computers, laptops and tablets from November 1. Commerce Secretary Sunil Barthwal told reporters…
Ather Energy, one of the big electric two-wheeler companies, has got the green signal from market regulator SEBI to launch an Initial Public Offer (IPO). The company plans to raise around Rs 3,100 crore through stock market listing. This will include issuance of new equity shares as well as offer-for-sale of approximately 2.2 crore equity…
BYD, one of the largest companies manufacturing electric vehicles (EV), has set a sales record last year. This Chinese company has sold about 42.5 lakh units. Elon Musk’s Tesla is facing tough competition from BYD in the international EV market. BYD has set a monthly sales record in December. The major reasons behind this are…
South Korean automobile company Hyundai introduced the electric version of its popular Creta SUV in India on Thursday. The company has said that this is its first electric SUV made in the country. Creta Electric will be launched at the Bharat Mobility Global Expo on January 17. This five-seater electric SUV will be available in…
Ola, which provides cab services through the app, has created its own mapping service. Earlier it was using Google Maps. Recently Ola left Microsoft’s Azure platform. Ola competes with Uber in the country. The company has said that by leaving the service of Google Maps, it will save Rs 100 crore annually. Bhavish Aggarwal, CEO…
South Korean consumer electronics company Samsung will start manufacturing laptops in the country by the end of this year. The company’s factory is in Noida, Uttar Pradesh. Samsung smartphones are manufactured in the country. Along with the sale of these smartphones, they are also exported. Samsung laptops are manufactured in China and Vietnam. In a…
American devices maker Apple is facing difficulties in China, one of its big markets. China was once a major source of increase in iPhone sales for the company. However, iPhone sales have been declining in this market for the last few months. The main reason for this is the tough competition from Chinese smartphone companies…
The Central Government has given incentives in the last few years to encourage electronics manufacturing in the country. Subsidy can be given by the government for electronic component makers. Along with this, tariff on imports can also be reduced. Smartphone manufacturing companies including Apple can especially benefit from this. According to a Bloomberg News report,…