India’s electric mobility ambitions are about to face a new test. The government is poised to tighten localization rules for electric vehicle (EV) manufacturers within the next month, following consultations led by the Automotive Research…
Sona Comstar, one of India’s leading electric vehicle (EV) parts suppliers to international automakers, and Toyota Kirloskar Auto Parts have received eligibility certifications for their hub-wheel drive motors for e-two-wheelers and e-trans axles, respectively. This…
India has deferred a 50-billion-rupee ($601.78 million) plan to fill parts of its strategic petroleum reserve, keeping in mind emerging trends in oil markets, the finance ministry said on Saturday. In the federal budget for…
NEW DELHI : India is considering import duty cuts on components key to producing high-end mobile phones, two government officials said, which would potentially be a boost for companies like Apple and the country’s exports….
NEW DELHI : Mobile phone exports from India can more than triple to $39 billion over the next two years, from $11 billion in FY23, if the government reduces import tariffs on components, and eliminates…
NEW DELHI : India’s auto parts makers generated a revenue of ₹2.98 trillion ($36.1 billion) in the first half this fiscal year, driven by robust demand from automotive original equipment manufacturers (OEMs) and a slight…