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India becoming key pillar to the China+1 strategy for global auto OEMs: EY-Parthenon
Economic Times
·
1d ago
Medial
India is becoming a vital part of the China+1 strategy for global auto OEMs, which aims to diversify supply chains and reduce dependency on China. A report by EY and Parthenon highlights India's appeal due to low manufacturing costs and government incentives, such as the Production-Linked Incentive (PLI) Scheme, boosting exports. India's political stability, large market, and dynamic workforce further enhance its attractiveness as a manufacturing hub, driving its rise as a global auto component export leader.
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Diplomatic and commercial discussions underway to secure rare earth elements from China - BusinessToday
Business Today
·
1m ago
Medial
Diplomatic and commercial negotiations are underway to secure rare earth elements (REE) from China, which imposed strict export controls affecting Indian auto OEMs potentially by July 2025. This may impact the production of electric, ICE, and hybrid vehicles relying on REE-based technologies. China dominates 70% of REE production and 90% of processing. Efforts are being made by India’s Department of Commerce and Ministry of External Affairs to facilitate essential imports amid a potential global impact.
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CCI approves Minda Corp’s stake buy of up to 8.79% in Pricol
Thehindubusinessline
·
1y ago
Medial
The Competition Commission of India (CCI) has given the green light for Minda Corporation to acquire up to 8.79% of the equity share capital of Pricol Ltd. Minda is involved in manufacturing auto components for OEMs and tier-1 customers in India, while Pricol manufactures automobile components for OEMs and replacement markets both domestically and internationally. Previously, CCI had expressed concerns about the impact of the acquisition on competition. Pricol had also raised objections to Minda's application for a 24.5% equity stake in the company.
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Green steel demand to reach 4.49 MnT in 2030 driven by construction, infra sectors: EY-Parthenon
Economic Times
·
11d ago
Medial
The demand for green steel in India is projected to reach 4.49 million tonnes (MnT) by 2030, driven by sectors such as construction, infrastructure, and automobiles, according to an Ernst & Young (EY)-Parthenon report. Green steel, produced using low carbon emissions, is seeing a rising price premium due to production costs and carbon pricing. However, this premium is expected to significantly reduce as green hydrogen costs decrease and technology scales up.
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How ‘China toys’ are changing the rules of AI game
Economic Times
·
5m ago
Medial
China is rapidly advancing in the AI sector, releasing new models like Kimi AI and OmniHuman-1, which outperform global counterparts. Despite U.S. chip supply bans, China ranks second in AI model production, with key contributions from tech giants like Alibaba and Tencent. This surge mirrors China’s smartphone industry disruption, but geopolitical issues may limit their global impact. India, among other nations, is cautious due to security concerns, but holds potential to develop its own AI models.
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NR Narayana Murthy’s Catamaran funds auto parts maker Sedemac
Economic Times
·
3m ago
Medial
Infosys founder NR Narayana Murthy’s family office, Catamaran, has invested in Sedemac Mechatronics, an automotive electronic components maker, via a secondary transaction. Catamaran replaces an early exiting investor as Sedemac plans an IPO valued at Rs 800-1,000 crore. Other investors include Nandan Nilekani-backed NRJN Family Trust and Iron Pillar. Sedemac, known for components used in small engines and electric vehicles, employs over 400 and supplies to major OEMs in India.
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India Can Achieve Double Than Its Projected Share Of Global Space Economy By 2035: EY's Pankaj Khurana
OutlookIndia
·
5m ago
Medial
India has the potential to double its projected share of the global space economy by 2035, aiming for a 15% stake. Currently, the U.S. and China lead with 40% and 20% shares, respectively, while India holds 2%. Pankaj Khurana of EY suggests that India's growth will rely on significant private sector participation, similar to the U.S. model. India is enhancing collaboration between government and private entities to accelerate space missions and enhance technological capabilities.
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Meet the firms taking a big bite of Apple’s India manufacturing pie
Economic Times
·
1m ago
Medial
Apple is expanding its manufacturing in India as part of its strategy to reduce dependence on China, aided by government incentives like the PLI scheme. This move highlights Apple's growing focus on diversifying its production locations. The shift also reflects broader trends in global manufacturing as companies seek operational resilience. Key players, such as Foxconn and Tata Electronics, are involved in Apple's Indian manufacturing ecosystem, highlighting India's increasing importance in the global technology supply chain.
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Iron Pillar gets offshore LP on board for new venture capital fund
VCCircle
·
1y ago
Medial
Mid-stage venture capital firm Iron Pillar has secured an offshore limited partner for its new India investment vehicle. The VC firm, known for investing in startups building from India for the global market, has brought on board a new partner to support its future investments. Iron Pillar has previously backed successful startups like Uniphore, CureFoods, and FreshtoHome. The addition of an offshore LP will likely provide additional resources and expertise for the firm's upcoming investment endeavors.
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National plan for key materials needed to secure EV future: Auto parts makers
Economic Times
·
1m ago
Medial
Auto parts manufacturers in India are advocating for a national strategy to secure materials critical for the future of automobile manufacturing, including electric vehicles. This need arises as China's export restrictions on rare earths disrupt global supply chains. India, possessing adequate raw materials, could achieve self-sufficiency with processing centers. The auto parts industry saw a 10% revenue growth in FY25, driven by domestic demand and exports, showcasing India's manufacturing competitiveness.
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How a global deal will boost Bain Capital’s India industrials portfolio
VCCircle
·
4m ago
Medial
Bain Capital's recent global control-oriented deal aims to enhance its manufacturing portfolio in India, following investments in two auto component makers in the past seven months. The private equity firm invested in RSB Transmissions in September and plans further expansions in the Indian industrial sector. This strategic move highlights Bain Capital's focus on strengthening its presence and influence in the Indian market, particularly in the auto components industry, as part of its broader global strategy.
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