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…
MG Motor, which has a major share in the electric vehicles (EV) market, has announced to increase the prices of its vehicles from next month. These will also include the company’s Electric Vehicles (EV). MG Motor’s EV portfolio includes the Comet EV, Windsor EV and ZS EV. The company has said in a statement that…
American devices maker Apple is preparing to invest about one billion dollars in setting up a manufacturing plant in Indonesia. Components for smartphones and other products will be made in this plant. Indonesia had banned the sale of the company’s iPhone 16 in October due to lack of local manufacturing. Indonesia’s Investment Minister Rosan Roeslani…
Bajaj Auto, one of the country’s largest automobile companies, has reduced the price of the world’s first CNG-powered motorcycle Freedom 125. This motorcycle was launched in July. The company has reduced its price by Rs 10,000. Its starting price at launch was around Rs 95,000 (ex-showroom). The cost of running this motorcycle is 50 percent…
The troubles of Ola Electric, one of the big electric two-wheeler companies, are increasing. The Central Consumer Protection Authority (CCPA) has asked to provide additional documents regarding the notice given to the company on alleged violation of consumer rights and unfair business practices. An email has been sent by CCPA in this regard to Ola…
In the last few years, sales of American devices maker Apple’s iPhones have increased rapidly. However, in some countries the company is also facing difficulties due to not following the rules related to local content. Indonesia has set a condition for Apple to invest one billion dollars. Indonesia had banned the sale of the company’s…
Some measures have been taken by the Central Government to promote Electric Vehicles (EV). In this series, the Heavy Industries Ministry had introduced the Faster Adoption and Manufacturing of Electric Vehicles (FAME) II Scheme. Although this scheme has ended, three electric two-wheeler companies are being investigated on suspicion of fraudulently taking incentives. These companies include…
Ola Electric, which has a major share in the electric two-wheeler market, plans to increase its network of stores four times. The company has about 800 stores. Their number will be increased to about 4,000 by the end of this month. Service facility is also available at the existing stores of the company. The company’s…
Ola Electric, one of the big electric two-wheeler companies, saw its sales decline by about 33 percent in November. According to the data of vehicle portal, the registrations of the company’s electric scooters last month were 27,746 units. This is a decline of about 33 percent in the sales of Ola Electric on a month-on-month…
American devices maker Apple has rapidly expanded its manufacturing in the last few years. India’s share in the company’s manufacturing is also continuously increasing. Apple’s iPhone manufacturing in the country has reached $10 billion (about Rs 84,000 crore) between April and October of the current financial year. However, China has a major stake in the…
