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Chinese investments in India to come under scanner: Sources
Investments from China in the automobile sector are expected to come under the scrutiny of the Indian government, according to reliable sources in the industry. This is in light of the current political situation between India and China, following which the Maharashtra government announced that it has put on hold the Memorandum of Understanding (MoU) with Chinese auto makers Great Wall Motors (GWM) and PMI Electro Mobility Solutions (joint venture with Foton). When contacted, GWM India did...
Is Indian auto industry ready to take the EV leap? A million-dollar question that everyone wants an answer to! While we have witnessed isolated developments on setting up of electric mobility infrastructure in the country and the optimism of the industry to offer a new technology despite the first quarter overall sales of FY2020-21 at the lowest in 12 years due to the pandemic, auto experts believe it is not the time to race behind timelines but a crucial phase to build local capabilitie...
