Beneficiaries

Electric cars are gaining popularity in India, and several international brands like Tesla have shown interest in our market. Import duties on cars brought to India are extremely high, which is one reason why many imported cars are expensive here. We now have a report from ET Auto suggesting that the government is considering lowering duties for electric cars priced over Rs 30 lakh. Brands like Kia and Mercedes-Benz, which sell electric cars in India as CBUs, will benefit if this statement is true. Tesla Model S 100D…

The drone industry wants the production-linked incentive (PLI) scheme for drones to be expanded and its outlay increased so that more players can apply, chairperson of the Steering Committee for Advancing Local value-add and Exports (SCALE) told ET.SCALE is an initiative under the ministry of commerce and industry, which is chaired by IN-SPACe chairman Pawan Goenka. IN-SPACe is India’s private space industry regulator.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteMITMIT Technology…

The second provisional list of 23 recipients for the Production-Linked Incentive (PLI) Scheme for drones and drone parts has been made public by the Ministry of Civil Aviation (MoCA). As per the ministry, 12 drone producers and 11 drone component producers are included in the list. The ministry issued an application invitation to qualified manufacturers on May 4 this year and the deadline for submission was May 20. However, the unaudited financial figures for 2021–2022 and other data were used to create the tentative list…