Exports

India risks losing out to China and Vietnam as it seeks to become a major smartphone export hub and must "act fast" to lure global companies with lower tariffs, the deputy IT minister said in government documents seen by Reuters.Smartphone manufacturing is a key plank of Prime Minister Narendra Modi's ambitions to boost the economy and create jobs by attracting companies such as Apple, Foxconn and Samsung to India, the world's second-largest mobile market where production grew 16% year-on-year to $44 billion last year.…

India risks losing out to China and Vietnam as it seeks to become a major smartphone export hub and must "act fast" to lure global companies with lower tariffs, the deputy IT minister said in government documents seen by Reuters.Smartphone manufacturing is a key plank of Prime Minister Narendra Modi's ambitions to boost the economy and create jobs by attracting companies such as Apple, Foxconn and Samsung to India, the world's second-largest mobile market where production grew 16% year-on-year to $44 billion last…

Last Updated: February 05, 2024, 08:59 ISTMahindra Hits A Milestone, Rolled Out 100,000th unit of the Scorpio N. (Photo: Cartoq)In terms of sales, Mahindra witnessed an impressive 31 percent growth in January 2024. The company sold 43,068 SUVs during the month. Mahindra recently reached a remarkable milestone as it rolled out its 100,000th unit of the Scorpio N.Since its launch in June 2022, the Scorpio N has become a popular choice among car enthusiasts, offering a variety of models and engine options.The Scorpio N…

After topping Tesla in the final three months of 2023, BYD is starting the year off strong with EV sales rising another 50% in January. BYD EV sales momentum continues in January BYD sold 105,304 fully electric cars last month, up 48% from the 71,338 handed over last year. Production was also up significantly, with 114,365 EVs built last month, up 64% YOY. Interestingly, BYD’s all-electric vehicles are beginning to outpace its plug-in hybrids (PHEVs). BYD’s PHEV sales were up 21% to…

India’s electronics exports saw a significant upsurge led by Apple iPhones. This and more in today’s ETtech Top 5.Also in the letter:■ Social safety for gig workers■ Virtual pilgrimages with influencers■ Apple Mac in numbersIndia-made iPhones push electronics exports up 22% Apple’s iPhone led the charge in India’s booming smartphone exports, contributing significantly to a record 22.2% growth in overall electronics exports, which surpassed $20 billion in the first nine months of FY24.Data decoded:…

Exports of computer software and services, which includes IT, ITES (IT enabled services) and business process outsourcing (BPO), grew 12.2% in the 2022-2023 over the preceding year, according to estimates by the Electronics and Computer Software Export Promotion Council (ESC).In value terms, the exports increased from $172 billion in 2021-2022 to $193 billion in 2022-2023, the estimates from ESC’s Statistical Year Book showed.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteNorthwestern…

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A woman walks past vehicles on a city ring-road clogged with heavy traffic in Beijing on Aug. 13, 2019. China's auto exports surged 63.7% in 2023 while sales at home, boosted by year-end incentives, rose 4.2%, an industry association said Thursday, Jan. 11. Credit: AP Photo/Andy Wong, File China's auto exports surged 63.7% in 2023 while sales at home, boosted by year-end incentives, rose 4.2%, an industry association said…

Updated Jan. 9, 2024 5:10 am ETHONG KONG—China’s overseas auto sales surged to a record last year, on track to surpass Japan as the world’s biggest exporter and marking a tectonic shift for the global auto industry.While China has become acknowledged as a world leader in electric vehicles, traditional gas-powered autos were the main driver of the increase, with demand surging especially in Russia.Copyright ©2024Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8 Updated Jan. 9, 2024…

Updated Jan. 2, 2024 4:10 am ETThe Netherlands has blocked chip-equipment manufacturer ASML’s exports to China of some lithography systems, which are essential to making advanced microprocessors, in a partial license revocation following U.S. export restrictions.The Netherlands-based company said Monday that the Dutch government recently partially revoked an export license for shipping the NXT:2050i and NXT:2100i lithography systems to China in 2023.Copyright ©2024Dow Jones & Company, Inc. All Rights Reserved.…