India is set to revamp its electric vehicle incentive policy, expanding opportunities for automakers to invest in electric vehicle production. The new approach, expected to be finalized by March 2025, represents a significant shift in the country's strategy to promote EV manufacturing. Previously, the policy primarily incentivized automakers to build...
U.S. is the Third-Largest Market for India's Cars
With a share of 9.2 percent of the overall car exports from India, the U.S. became the third-biggest market for passenger vehicles (cars, utility vehicles, and vans) manufactured in India during the financial year that ended March 31, 2018. During this period, passenger car exports to the U.S. increased to...
India Becoming R&D Hub for Multinationals
Multinational from the Americas, Europe, and APAC have set up research hubs to work in the areas of R&D, Business Process Management and IT. More than 1,000 multinational companies have established engineering and research and development centers — known as global in-house centers or GICs — in India. Among these...
Global Automakers Seek Partnerships and Mergers in India
Germany's Volkswagen and India's Tata Motors signed a memorandum of understanding to develop components, and possibly new vehicles. Volkswagen's Skoda Auto AS will join the project on behalf of the German automobile group. Volkswagen CEO Matthias Mueller said the partnership would help it "achieve sustainable and profitable growth in very different...
Automakers Make India their Export Hub
With India’s low-cost manufacturing and the government’s push towards Make in India, overseas companies are actively looking at serving their global markets from India. Swedish auto major Volvo, which started operations in India through the import of a luxury bus from Hong Kong back in 2000, executed the export of...
Rising Optimism for Doing Business in India
The environment for foreign investments in India started improving a short time before Narendra Modi was elected prime minister on a business-friendly reform agenda in May 2014. United Arab Emirates’ Etihad Airwas acquired a stake in India’s largest corporate carrier, Jet Airways. As a result of this deal, the U.A.E....