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Thursday 21 November 2024
Despite passenger EV slowdown, commercial EVs surge ahead, says India's leading player
India's electric vehicle (EV) market is seeing contrasting trends, with passenger EV sales declining while the commercial segment grows rapidly. Recent data shows a 9 percent year-on-year...
Wednesday 20 November 2024
Indian antitrust regulator fines Meta for anti-competitive practices
The Competition Commission of India (CCI) imposed a substantial fine of INR2.13 billion (approx. US$25.3 million) on Meta, the parent company of WhatsApp, citing the abuse of its...
Wednesday 20 November 2024
LG Electronics reportedly establishing third plant in India
LG Electronics is reportedly planning to establish a third plant in India, continuing its recent production expansions in the country. The move aligns with the company's potential...
Tuesday 19 November 2024
Foxconn revises recruitment ads in India after discrimination allegations
Following reports about Foxconn's alleged recruitment practices in India, which excluded married women, the company reportedly has requested third-party human resources firms to stop...
Tuesday 19 November 2024
India's wearable market experiences consecutive shipment declines
India, once the world's fastest-growing wearable market, saw a substantial fall in shipments for two quarters in a row as vendors reduced product launches and maintained cautious...
Monday 18 November 2024
India roundup: India to generate 1 million jobs in semiconductor industry
India is estimated to require 1 million jobs in the semiconductor industry. India-based electronics manufacturers will likely benefit from President-Elect Donald Trump's return to...
Monday 18 November 2024
Tata reportedly closes deal to acquire majority stake in Pegatron's iPhone-making facility in India
Tata Electronics has reportedly agreed to acquire a majority stake in Pegatron's iPhone manufacturing facility in India. This move is part of Apple's suppliers' efforts to prepare...
Monday 18 November 2024
iPhone breaks record quarterly shipments in India in 3Q24
Smartphone vendors in India recorded a 5.6% shipment growth in the third quarter of 2024, with the iPhone reaching a record shipment of four million units. However, overall smartphone...
Monday 18 November 2024
India reportedly plans import curbs on PC and notebook hardware to boost local manufacturing in 2025
Despite existing incentives for local IT hardware production, India is reportedly planning to introduce stricter policies requiring PC and notebook manufacturers to reduce imports...
Friday 15 November 2024
Trump's win casts shadow on Japanese and Chinese automakers' Mexico plan
After Donald Trump won the presidential election, the US may impose tariffs on vehicles imported from Japan or Mexico. Trump's campaign also supported Chinese automakers building...
Friday 15 November 2024
Taiwan's electronics and ICT sectors capitalize on geopolitical and technological advantages for record exports
Taiwan continues to capitalize on opportunities for contract manufacturing of cutting-edge technology products as the trade disputes between the US and China intensify. The unrestricted...
Friday 15 November 2024
Global PMX presses forward with Mexico expansion, defying industry caution amid EV transition
Global PMX, an automotive component manufacturer, is strengthening investments in Mexico, despite cautious sentiment across the auto and ICT sectors since President-Elect Trump's...
Thursday 14 November 2024
Three Chinese solar firms accused of US$2.64 billion tax dodge in India
Three Chinese solar companies were found to have evaded taxes on approximately INR220 billion (US$2.64 billion) of profits earned from INR450 billion worth of solar product sales...
Thursday 14 November 2024
Zeiss opens first global capability center in India
German optics giant Carl Zeiss AG has signaled a major commitment to India by opening its first global capability center (GCC) in Bengaluru and announcing plans to double its local...
Thursday 14 November 2024
India to generate 1 million jobs in semiconductor industry
India's semiconductor manufacturing ecosystem is experiencing rapid growth, with projections indicating the creation of 1 million jobs across various segments. According to a report...