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 parts of the world.”

Toyota is in talks to form a business partnership with Japan’s Suzuki, in areas such as green vehicles, safety and information technologies, and mutual supply of products and components. Toyota President Akio Toyoda and Suzuki chairman Osamu Suzuki met with Prime Minister Modi. According to a statement from the prime minister’s office, the executives discussed manufacturing opportunities in India, and the possibility of exporting cars from the country, reports CNN Money.

a hand shake

 Toyota has taken full ownership of small car specialist Daihatsu Motor Co., and the latter’s products are expected to be introduced in India in 2019.

March 14, 2017   No Comments

India Participates in Hyperloop One’s Global Challenge

Los Angeles-based Hyperloop One‘s chief executive officer Rob Lloyd, senior vice-president global field operations Nick Earle, and executive chairman and co-founder Shervin Pishevar were in New Delhi end February to showcase their ‘Vision for India’ to mark their official launch in the country.

Hyperloop One in India

The event convened India’s five semifinalist teams from the Hyperloop One Global Challenge, along with a roster of government officials, media, urbanists, and transportation specialists. The teams shortlisted from more than 100 applications, were AECOM, LUX Hyperloop Network, Dinclix GroundWorks, Hyperloop India and Infi-Alpha. Each put forward a comprehensive and commercially viable transport plan covering economic and policy aspects of their respective cities and regions, reports Mint.

Shervin Pishevar, executive chairman of Hyperloop said, ‘India is an extremely important geography for developing Hyperloop networks and re-imagining how cities and regions work. Prime Minister Narendra Modi’s vision for transforming India and the role he sees for technology in driving this change is indeed remarkable,’ he added.

 

March 3, 2017   No Comments

Apple Discussing with Government on Manufacturing in India

Apple Inc., has written a letter to the federal government in India outlining its plans to seek financial incentives in an effort to gain market share in the country where 97% of all smartphones run Android, reports Buzzfeed.

Earlier in June, the government allowed single-brand retailers like Apple to open stores in the country with the caveat that they procure at least 30% of their raw materials from India after the first three years.

apple-ipad_1

Prime minister, Narendra Modi, has been trying to ramp up manufacturing in the country through the “Make In India” initiative, and smartphone makers such as Samsung, Xiaomi, and OnePlus already assemble their phones in India to keep prices down.

With 50 million of the country’s 1.2 billion people owning a smartphone, India’s market is not saturated, yet, and is an attractive market for Apple to see significant growth.

 

December 20, 2016   No Comments

Ash Carter: U.S. and India Destined to be Strategic Partners

CNN Politics reports that outgoing U.S. Defense Secretary Ash Carter was in Delhi in the second week of December in a last bid to boost relations with an ally that could prove crucial to U.S.-India defense relations.

En route to New Delhi, Carter told reporters, “India and the United States are destined to be strategic partners.” The relationship has “grown by leaps and bounds” since 2008, Carter said, adding that he intended to discuss with his counterpart a “major change” that is “very close to the finish line” regarding the easing of regulations on defense exports to India, reported CNN.
US and India Flags
Carter highlighted Prime Minister Narendra Modi‘s “Act East Policy,” a diplomatic initiative aimed at boosting India’s presence and relationships in East and Southeast Asia. Some analysts in Washington and New Delhi see the two large democracies as natural allies, and Adm. Harry Harris, commander of U.S. forces in the Pacific, told Congress in February, “As the world’s two largest democracies, we are uniquely poised to help bring greater security and prosperity to the entire region.”
“We’ve made significant progress on the defense side with India,” a U.S. defense official said. U.S. arms exports to India were 11 times higher in 2010-2015 than 2006-2010, according to the Stockholm International Peace Research Institute, an independent resource on global security.

December 14, 2016   No Comments

India Clears Purchase of Howitzers from U.S. Supplier

India’s defense ministry sources said that the cabinet committee on security, chaired by prime minister Narendra Modi, has cleared the acquisition of 145 M-777 ultra-light howitzers from the U.S. in a government-to-government deal worth $737 million.

Defense-aerospace.com reports that the deal, which has a 30% offset clause, will be inked within the next two to three weeks. “The Pentagon’s letter of offer and acceptance to India is valid till November 20, but it can be extended for another 10-15 days,” said the source.

M777 Howitzers

Of the 145 M-777 howitzers, 120 will be “assembled, integrated and tested” in India by Mahindra, BAE Systems’ business partner in India. The first two howitzers will be delivered within six months of the contract being signed, and the others will follow at the rate of two per month.

 

November 18, 2016   No Comments