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Local Manufacturing

All articles tagged with #local manufacturing

India's New EV Policy Fails to Attract Tesla and Global Automakers

Originally Published 7 months ago — by Bloomberg

Featured image for India's New EV Policy Fails to Attract Tesla and Global Automakers
Source: Bloomberg

India's new EV policy aims to attract global automakers by offering duty reductions for local manufacturing investments, but it is unlikely to attract Tesla or BYD due to their preferences and restrictions, leading some analysts to believe the policy may not succeed in boosting EV manufacturing significantly.

India's New Import Licensing Requirement Hits Apple and Samsung's Laptop and Tablet Sales

Originally Published 2 years ago — by Reuters India

Featured image for India's New Import Licensing Requirement Hits Apple and Samsung's Laptop and Tablet Sales
Source: Reuters India

India has announced that it will require a licensing requirement for the import of laptops, tablets, and personal computers, a move that could impact companies like Apple, Dell, and Samsung and push them to increase local manufacturing. The new rule, similar to restrictions imposed on TV shipments in 2020, will result in prolonged wait times for new models and comes ahead of the festive season when sales typically surge. The Indian government has been promoting local manufacturing under the "Make in India" plan, and the move is seen as an effort to substitute heavily imported goods. The restriction is also aimed at curbing supplies from China due to security concerns, with India seeking to import such hardware only from "trusted partners."