🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
✕
Login
Home
News
Messages
Startup Showcase
Trackers
Premium
Premium Content
Jobs
Notifications
Settings
Try our Valuation Calculator →
Log In
News on Medial
India Mulls Curbs On Laptop Import To Fuel Local Manufacturing
Inc42
·
9m ago
Medial
The Indian government is reportedly planning to impose import restrictions on laptops, tablets, and personal computers to encourage global tech giants like Apple, Dell, and Lenovo to increase local manufacturing. Last year, similar restrictions were imposed on IT hardware items, including servers and data processing machines. The government is expected to initiate discussions with stakeholders next week in an effort to reshape the industry and boost local production.
View Source
Related News
Import Curbs On Laptops, Tablet Will Boost Local Manufacturing: Industry Players
OutlookIndia
·
2y ago
Medial
The implementation of import restrictions on laptops and tablets is expected to boost the local manufacturing industry in India, according to industry players. The move aims to encourage domestic production and align with the government's "Make in India" initiative. Local manufacturing is anticipated to thrive with increased demand, job creation, and technological self-reliance, contributing to the growth of India's manufacturing sector.
View Source
Samsung joins India laptop making push
Livemint
·
1y ago
Medial
Samsung Electronics plans to begin manufacturing laptops in India starting next month. The company's mobile phone production factory in Greater Noida has been expanded to accommodate the new laptop manufacturing unit, with an initial capacity of producing 60,000-70,000 units annually. The move comes as the Indian government promotes domestic production through incentives, tax breaks, and import restrictions. Samsung is set to become the first foreign hardware maker without local laptop manufacturing facilities to initiate production in India, following the government's proposal to curtail laptop imports from November 2024 to reduce dependence on China.
View Source
With Tesla push, India mulls import tax cut if EV makers build locally
Reuters
·
1y ago
Medial
India is working on a new electric vehicle policy that would slash import taxes for automakers that commit to some local manufacturing, following a proposal by Tesla which is considering entering the domestic market, people with direct knowledge said.
View Source
Govt's import curbs to impact any industry: HPE's Antonio Neri
Economic Times
·
8m ago
Medial
Antonio Neri, CEO of Hewlett Packard Enterprise (HPE), commented on India's potential import restrictions on electronics and hardware. Neri believes that overregulation can hinder investment and that deregulation could incentivize companies. HPE, which operates in networking, hybrid cloud, and artificial intelligence, has been part of US-India commercial engagements and supports finding the right balance in regulation. India is considering asking electronics companies to reduce imports by value and increase domestic value addition. Neri emphasized the importance of incentivizing local manufacturing and aligning the manufacturing ecosystem with customer needs.
View Source
India cuts import taxes on EVs in win for Tesla's entry plans
TechCrunch
·
1y ago
Medial
India is set to reduce import taxes on certain electric vehicles (EVs) for companies that commit to investing at least $500 million and establishing local manufacturing within three years. This move could potentially support Tesla's plans to enter the Indian market. Under the policy change, companies meeting the investment and manufacturing requirements will be allowed to import 8,000 EVs each year at a reduced import duty of 15% on cars costing $35,000 and above. This aligns with India's goal to boost EV adoption and reduce oil imports. Other EV makers like VinFast and Lotus Cars are also eyeing India as a manufacturing hub.
View Source
Govt approves new EV policy in boost to Tesla's market entry plans
VCCircle
·
1y ago
Medial
India has approved a new electric vehicle (EV) policy that includes lower import taxes on EVs for companies making significant investments in the country. The policy requires companies to invest at least $500 million and establish local manufacturing for EVs within three years. Those meeting the criteria will be allowed to import up to 8,000 EVs annually with a reduced import duty of 15% for vehicles costing $35,000 and above. This move may pave the way for Tesla's market entry into India.
View Source
India yet to decide on lower taxes for imported EVs as local firms resist Tesla
Reuters
·
1y ago
Medial
India is still undecided on whether to reduce import taxes on electric vehicles (EVs) as part of a proposed policy that aims to encourage local manufacturing and potentially facilitate Tesla's entry into the market. Indian automakers are concerned about competition from Tesla and other global car manufacturers. The proposed policy plans to slash the current 100% EV import tax to as low as 15% for companies that commit to investing and manufacturing in India. Tesla has expressed interest in building a factory in India and offering EVs at a lower price range. However, domestic industry resistance has made it difficult to reach a final decision on the matter.
View Source
Tesla may head to India on incentive-paved road
Economic Times
·
1y ago
Medial
US electric automaker Tesla is reportedly close to setting up operations in India, as the government plans to extend concessional import duties on electric cars for 2-3 years. Tesla is willing to invest up to $2 billion if the Indian government offers reduced import duty of 15% on imported electric cars in the first two years of operation. The move aims to accelerate local manufacturing and bring down prices of electric vehicles through localisation. However, Indian automakers are cautious about any reduction in import duty, fearing an unfair advantage for Tesla.
View Source
India cuts import taxes on EVs in win for Tesla's entry plans
TechCrunch
·
1y ago
Medial
India has decided to lower import taxes on specific electric vehicles for companies investing at least $500 million and establishing local manufacturing within three years. This move is seen as a potential boost for Tesla's plans to enter the Indian market. Companies meeting these requirements will be able to import 8,000 EVs per year at a reduced import duty of 15% for cars priced above $35,000. The decision aligns with India's goal of increasing EV adoption and reducing dependence on oil imports and aims to achieve 30% electric vehicle sales by 2030.
View Source
India taking steps to mitigate disruptions due to China's rare earth curbs
Economic Times
·
1m ago
Medial
India is taking measures to reduce potential disruptions from China's restrictions on rare earth exports, which affect global industries, including India's. Although India has significant rare earth reserves, its domestic production is lacking. To address this, the government has launched a seven-year initiative to strengthen domestic supplies and is reportedly planning incentives to establish processing and magnet production facilities to support local demand in crucial sectors like automobile and wind turbine manufacturing.
View Source
Trackers
Active Indian VC’s
OG Capital
Email
With a hands-on approach, OG Capital aims to invest in over 20 promising...
Accel Partners
Email
Early and growth-stage investments in disruptive technology companies with...
Blume
Email
Early-stage venture capital firm investing in technology startups in India. Focus on...
Access All Trackers
Startup Showcase Winners
June 2025
Buddy
Helping your parents when you are miles away
BiteStop
The Pit Stop Your Cravings Deserve
Bloomer
The next generation E-commerce platform
Enter Ongoing Startup Showcase
Top Users
Trending News on Medial
Download the medial app to read full posts, comements and news.
Go to Medial App
Not Now
Know everything that’s happening in the startup ecosystem, first.
Enable Notifications?
No, thanks
Count me in
/cloudfront-us-east-2.images.arcpublishing.com/reuters/2N7KAVGLNVMKRJZM3XWGNVCCZU.jpg)
/cloudfront-us-east-2.images.arcpublishing.com/reuters/7S47G6HITNJULFCS76E4OUKAQ4.jpg)
