India lowered import taxes on certain electric vehicles (EVs) for carmakers that commit to investing at least $500 million and start manufacturing in the country within three years. This policy is a major win for Tesla, as it aligns with what the company has been lobbying for in India despite...
Morgan Stanley Raises Indian stocks’ Weightage to Record High
MSCI or Morgan Stanley Capital International, an investment research firm best known for its benchmark indexes, has raised India's weightage in its Global Standard index to an all-time high of 18.2% in its February review. This could lead to inflows of around $1.2 billion as the weightage has nearly doubled...
Japan’s Renesas Partners with India’s Tata Motors for Semiconductors
Tokyo-based Renesas Electronics Corporation, announced a strategic partnership with Tata Motors Ltd., and Tejas Networks Ltd., both Tata Group companies, to design, develop, and manufacture semiconductor solutions across electronics systems. Renesas and Tata Motors will collaborate on developing next-generation automotive electronics to drive leadership performance and scalability for vehicles. Both...
James Bond to Drive Land Rover Defender
In the next James Bond movie No Time to Die that will be released in April 2020, vehicles showcased in the car chases are Defenders from the Jaguar Land Rover Company which is a subsidiary of India's Tata Motors headquartered in Mumbai. The Land Rover Defenders in the movie are no...
India's Tata Motors to Supply Trucks to WABCO of Belgium
Brussels, Belgium headquartered WABCO Holdings Inc., announced its first major deal with Mumbai-based Tata Motors for power steering systems following its September 2017 acquisition of Hanover, Pennsylvania-based R.H. Sheppard, a supplier of steering technologies for commercial vehicles. With this deal, WABCO has engaged Tata Motors to meet their demand for...
Ten Most Significant Changes in India in the Last Decade
Forbes documents the top ten most significant changes that India has witnessed from 2010 to 2017. Read a lightly edited summary of these below: 1) Emerging as one of the largest economies The recent economic expansion noted in India has brought a record number of people out of poverty. A...