Tesla finally set up its first show room in India after a nine-year journey amid steep Indian duties against importe vehicles. India looks to attract investments from financial institutions to Gujarat as the state is building itself as a chip hub.
Tesla finally enters India with Model Y showroom but skips local manufacturing amid rising global headwinds
Tesla has opened its first showroom in India as part of a cautious, retail-first strategy to gauge market demand while holding off on local manufacturing. The move reflects the company's response to high import duties and global factory overcapacity, as it tests the waters in a price-sensitive but promising EV market.
India's GIFT City attracts Taiwanese chipmaker, banks as financial hub grows
India's GIFT City is rapidly emerging as a global financial hub, attracting over 850 entities and US$90 billion in banking assets. Taiwanese banks CTBC and Fubon plan to join, supporting growing India-Taiwan economic ties. The center offers tax benefits, fintech innovation, and integrated support for semiconductor and manufacturing industries.
Taiwan-partnered MiPhi eyes strategic edge in India's semiconductor ecosystem
MiPhi Semiconductors, a joint venture between Micromax and Taiwan's Phison, is developing AI-driven NAND storage and edge computing solutions fully designed and made in India. Backed by new PLI incentives, MiPhi emphasizes local R&D and chip design, positioning itself as a rare design-first player in India's semiconductor ecosystem.
Dixon's new deals with Chinese firms test India's evolving stance on FDI post-Galwan
India's Dixon Technologies has signed two new agreements with Chinese firms, a joint venture and an acquisition, in a move that could test the central government's evolving approach to foreign direct investment (FDI) from China following the Galwan Valley clash in 2020. These deals bring Dixon's total tie-ups with Chinese partners to five, each awaiting FDI approval by the Indian government.
Foxconn reportedly begins iPhone 17 component imports from China as India and US watch Apple's global moves closely
Foxconn has reportedly begun importing key components from China to India for the iPhone 17, marking the start of trial production. The development comes as both India and the US intensify scrutiny of Apple's manufacturing strategy and its reliance on China.
US copper tariffs create uncertainty as India develops semiconductor supply chain
The US's recent decision to impose a 50% tariff on copper imports is expected to have minimal direct impact on India's copper exports, but it may contribute to uncertainty in India's electronics manufacturing and semiconductor supply chains.
India confronts rare earth crisis with incentives, strategic alliances
India is taking bold steps to tackle its growing rare earth crisis, eyeing on a multi-billion-rupee incentive plan to boost domestic production of rare earth magnets, as China tightens export controls on rare earth products, disrupting global supply chains and exposing India's dependency on Chinese imports despite holding the world's third-largest rare earth reserves.
Kaynes electronics investment signals central India's rise in global EMS shift
https://www.digitimes.com/news/a20250717VL204/electronics-investment-ems-manufacturing-plant.html
Kaynes Electronics, a subsidiary of Kaynes Technology India Ltd, will establish a high-tech electronics manufacturing facility in Bhopal with an investment of INR3.52 billion (US$40.95 million) under the Madhya Pradesh Semiconductor Policy 2025. The plant, located at Badwai IT Park, will span five acres and is expected to generate over 1,000 skilled jobs. Commercial production is scheduled to begin by mid-2026.
Suzuki launches first EV from India as part of global expansion strategy
Japanese automaker Suzuki Motor has officially entered the electric vehicle market with the launch of its first model, the e Vitara, an electric SUV manufactured in Gujarat, India. The e Vitara is already available in the United Kingdom and is expected to expand to other international markets by summer 2025. Suzuki plans to introduce the model in Japan during fiscal year 2025, spanning from April 2025 to March 2026.
Article edited by Joseph Chen
