After two decades, India and the EU close an FTA deal as US's tariff policy is disrupting the global supply chain.
New India-EU FTA offers reciprocal automotive market access with phased tariff reductions
India and the EU have concluded negotiations on a comprehensive free trade agreement (FTA), marking a major development in bilateral trade relations. The announcement was made on January 27, 2026, at the 16th India–EU Summit in New Delhi by Prime Minister Narendra Modi and European Commission President Ursula von der Leyen.
Apple achieves record-breaking revenue in India amid surging demand
Apple has reported an exceptional performance in India for its first fiscal quarter of 2026, achieving strong double-digit revenue growth in the region. CEO Tim Cook characterized the period as a "terrific quarter" for the Indian market, where the company continues to see strong momentum in emerging markets. This growth comes as Apple reaches new heights in the second-largest smartphone market and the fourth-largest PC market in the world.
Dixon gears up for massive scale-up amid global memory volatility
India-based EMS giant Dixon Technologies saw negative impacts due to the memory price rise for the third quarter of fiscal 2026. During an earnings call, management outlined plans to navigate global supply chain pressures while targeting long-term revenue of INR1 trillion (US$10.89 billion) over the next three to four years. For the quarter ended December 31, 2025, the company posted consolidated operating revenue of INR106.78 billion, up from INR104.61 billion a year earlier, supported by consolidated operating EBITDA of INR4.21 billion.
Nvidia CEO heads to India AI summit as tech giants vie for emerging market
Nvidia CEO Jensen Huang arrived in China on January 23, 2026, following company tradition by attending Nvidia's annual meetings in Shanghai, Beijing, and Shenzhen. Rumors circulated that Huang would soon visit Taiwan to meet Nvidia employees and partners. His next confirmed destination, however, is New Delhi. There, global AI leaders will gather for India's inaugural large-scale artificial intelligence event.
BYD reportedly considers local assembly in India as local EV demand surges
Chinese automaker BYD is reportedly exploring options to expand its presence in India, including local assembly, as demand for its electric vehicles (EVs) continues to rise, according to people familiar with the matter. The company is evaluating semi-knocked-down (SKD) assembly and working to obtain local safety and regulatory approvals for additional models.
LG Electronics India receives Maharashtra eligibility certificate for incentives
LG Electronics India Limited has received an eligibility certificate from the Directorate of Industries, Government of Maharashtra, making the company eligible for incentives worth INR7.06 billion (approx. US$77.8 million) under the state's Electronics Policy 2016.
Tex Year Industries eyes strong 1H26 growth on India, Vietnam capacity, and specialty chemicals
Tex Year Industries anticipates returning to growth in 2026 following a slight revenue decline in 2025, driven by expanded production capacity in India and Vietnam and the maturation of its high-end specialty chemical segment. The company remains cautiously optimistic despite ongoing geopolitical and economic challenges.
Article edited by Joseph Chen
