The government is contemplating expanding export benefits provided by the Remission of Duties and Taxes on Exported Products (RODTEP) scheme to companies operating in special economic zones (SEZs) and export-oriented units (EOUs). Currently, the RODTEP scheme refunds various central and state duties, taxes, and levies on input products to exporters in hardware technology parks, biotechnology parks, and customs-bonded warehouses. The[Read More…]
Concerns regarding prolonged charging durations, infrastructure availability, and the safety of battery technology persist, deterring potential buyers, reveals a Deloitte study. According to Deloitte’s 2024 Global Automotive Consumer Study, a greater number of car buyers plan to opt for hybrid vehicles rather than electric vehicles (EVs) for their next purchase, despite the higher cost associated with hybrids. The study identifies[Read More…]
Rajeev Chandrasekhar confirmed that the two projects include a $8 billion proposal submitted by Israel-based Tower Semiconductors and the other from Tata Group. India is set to welcome two complete semiconductor fabrication plants, accompanied by significant investments, as confirmed by Minister of Electronics and IT, Rajeev Chandrasekhar. The projects include an $8 billion proposal from Tower Semiconductors, based in Israel,[Read More…]
The team behind successful decentralized digital economy ecosystems such as the Open Network for Digital Commerce (ONDC), Kochi Open Mobility Network, Aadhaar, and National Common Mobility Card (NCMC) is now developing a digital public good. This initiative aims to enable customers to locate EV charging stations, green energy sources, and idle batteries nationwide. The Unified Energy Interface (UEI) project, powered[Read More…]
Mahindra will equip a certain range of its electric platform INGLO with electric components of Volkswagen´s MEB and unified cells. Both companies continue to explore further potential opportunities for collaboration in India in the field of e-mobility Volkswagen Group and Mahindra & Mahindra Ltd. (M&M) have inked the inaugural supply agreement for components of Volkswagen’s MEB, tailored for Mahindra’s[Read More…]
Tata Motors, India’s largest electric car seller, has announced price cuts for electric versions of their Nexon SUV and Tiago mini. It is commonly believed that electric cars are too expensive to buy. However, recent price cuts from manufacturers such as Tata Motors and MG Motor mean that you can recover any additional amount paid for buying an electric car[Read More…]
Space startups like GalaxEye Space, Dhruva Space, and Pixxel are urging the government to establish a digital public infrastructure (DPI) for earth observation-based geospatial analytics. The Indian Space Association (ISPA) has echoed this call, highlighting the potential benefits for India’s burgeoning space sector. These companies argue that implementing a DPI is crucial for sectors like agriculture, disaster management, infrastructure[Read More…]
Tata Motors has announced a significant price reduction for its Nexon and Tiago EV models, with savings of up to ₹1,20,000. This drop is primarily attributed to a slight decline in battery cell prices used in manufacturing. While the prices of the recently launched Punch EV remain unchanged, the Tata Tiago EV will now start at ₹7.99 lakh in India.[Read More…]
Maruti, in collaboration with its parent company Suzuki, is embarking on the development of electric air copters, a project poised to revolutionize urban mobility. According to a report, these innovative air copters will be larger than drones yet smaller than conventional helicopters, with a capacity to carry at least three passengers, including the pilot. The company’s ambitious plan is to[Read More…]
BorgWarner has secured a contract with Chinese OEM to supply its dual inverter with boost function on a series of the automaker’s plug-in hybrid (PHEV) and range extended (REEV) electric vehicle passenger car platforms. The boost module is directly integrated into the 400V dual inverter to achieve a higher power density as well as meet local hybrid architecture standards within[Read More…]
