Developed by Google and Reliance Industries, JioPhone Next's launch has been postponed to November. Although there is a variety of factors behind the delay, the reality has proven more dire than Reliance has expected amid component shortages.
India's production-linked incentive (PLI) schemes have proven fruitful in promoting local handset manufacturing; however, the government has not disclosed further PLI details for the automotive segment since it was announced in November 2020. Industry sources indicated that the government wants to subsidize only electric vehicle (EV) and hydrogen-fueled vehicle.
India continues to keep up its efforts in promoting manufacturing and usage of electric vehicles (EV). On the other hand, the global shortages of semiconductors are hitting both car and electronics sectors hard.
India-based automotive electrical component maker Lucas TVS has signed with US-based 24M Technologies for licensed use of the SemiSolid technology, which is used for manufacturing lithium-ion batteries. Lucas TVS will set up factories of such batteries across India, according to India-based Economic Times and Business Standard.
In view of the high growth in demand for TVs in India, India Cellular and Electronics Association (ICEA) recommends that the India government set up local TV supply chains. As it is not easy to set up a local TV panel supply chain competitive in production cost in India, the transfer of panel technologies from overseas panel makers could be a feasible strategy.
Indian car parts and electrical equipment manufacturer Bharat Forge is going to manufacture e-scooters and EV components through its subsidiary Tork Motors. The e-scooters are scheduled for launch by April 2022.
India car buyers are seeing car price surge in the third and fourth quarter as carmakers pass rising manufacturing costs onto consumers. India's top local passenger car brand Maruti Suziki pointed out that rising prices of industrial metals, maritime traffic jam, and disrupted supply of chips from Malaysia are the reasons behind price hike.
Mobile payment services are more commonly used in Asian countries than in other regions in the world. According to Statista's digital market outlook report, China has the highest percentage of mobile payment users in its total population - about 500 million users.
The Indian government might have a new subsidy for manufacturing wearable devices locally, while handset exports soared in the second quarter. Optiemus is working with Taiwan-based Wistron to produce electronics more extensively.
India unicorn EV startup Ola Electric is building the world's largest factory for e-scooters in India, whereas foreign EV carmakers like Tesla are still in negotiations with the Indian government to enter the India market, according to Economic Times and Cartloq.