Until recently, India's electric EV 2-wheeler market seemed unstoppable. Hordes of companies, most hitherto unheard of in the automobile sector, had begun to announce plans to sell electric scooters and motorcycles. Many of them still do, but customers have started to take their claims of range, safety, and convenience with a pinch of salt.
As global demand for the next generation of automotive heats up, Indian engineering and R&D giant L&T Technology Services (LTTS) expects the electrification, autonomous, and connected vehicles (EACV) segment to present a sea of new opportunities. Along with five other strategic technology areas, clubbed together as 'Six Big Bets,' EACV will serve as the growth engine of its long-term business model.
Amid reports stating that India may limit Chinese vendors in the low-end smartphone market, Chinese investments in India may further slow despite India's reliance on China for developing the mobile phone manufacturing ecosystem.
Polymatech Electronics, a Tamil Nadu, India-based semiconductor manufacturer, has announced plans to set up facilities that can manufacture up to two billion chips per annum by early next year. The company will invest US$1 billion towards this, along with forward and backward integration that would see its products in various industries.
Altigreen, a Reliance-backed electric three-wheeler (E3W) brand, has partnered with fast-charging technology provider Exponent Energy and claimed to become the fastest charging E3W provider in the fast-growing EV market.
India began its 5G auction at the end of July and will last for a few more days to complete. India's Western states, including Maharashtra and Gujarat, are upping the ante to compete with Southern states for chip plants investments.
Ola Electric, Reliance New Energy and Rajesh Exports have signed agreements with the Indian government for locally-made battery cells, in a bid to create a self-reliant battery ecosystem in India, according to Business Standard and Reuters.
VVDN Technologies, India's local EMS/ODM supplier, will manufacture India's first indigenously designed High-Performance Computing (HPC) servers, a sign of a developing local electronics manufacturing ecosystem in India thanks to lucrative incentive policies.