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| VOL XXVII | ISSUE 18 | 30 September 2026 | Previous Edition |
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ELCINA 51st Annual Industry Awards: Celebrating Excellence
ELCINA hosted its 51st Annual Industry Awards in New Delhi, recognising outstanding achievements across exports, quality, R&D, innovation and design, sustainability, and business excellence in India’s ESDM sector. The awards were presented by Shri Jitin Prasada, Hon’ble Minister of State for Electronics & Information Technology, and Shri S. Krishnan, Secretary, MeitY. Shri Prasada highlighted the need for deeper localisation, higher domestic value addition and a stronger components ecosystem as India expands its electronics and semiconductor manufacturing base. He called on industry to make for India and the world, with zero compromise on quality. Shri S. Krishnan highlighted the progress made by India’s electronics sector and the schemes in the pipeline to incentivise further investment, development and production. Instituted in 1976, the ELCINA Awards are among India’s most credible recognitions for electronics hardware companies. They celebrate the contribution of established enterprises and SMEs to strengthening India’s competitiveness, innovation capacity and integration with global markets. TOPELCINA CEO Forum 2026
India’s next phase of electronics growth was the focus of the ELCINA CEO Forum 2026, held on 16 September 2026 at the Bangalore International Exhibition Centre (BIEC), Bengaluru, alongside electronica India. Organised by ELCINA in association with Messe München/electronica India, the forum examined India’s next phase of electronics growth under the theme, “Beyond Manufacturing: India’s Bid for Design, IP and Component Ownership – ECMS Scheme: A Catalyst for Self-Reliance & Value Addition.” The inaugural session, “From ‘Made in India’ to ‘Designed & Owned in India’,” examined the need to strengthen domestic design capabilities, IP ownership, component manufacturing and value addition. Two panel discussions focused on India’s position in global value chains and the capabilities needed to build greater self-reliance. The first discussed scaling Indian strengths in components, modules, test and measurement, and niche equipment to meet global OEM and defence standards. The second addressed the need to localise critical inputs such as copper clad laminates, copper foil and specialty chemicals, while aligning policy support with industry roadmaps to reduce supply-chain vulnerabilities.
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ELCINA Directory of Indian Electronics Industry 2025-26 
Companies committed to electronic hardware manufacturing with substantial value addition through production of components, subassemblies, parts, capital goods/machinery for manufacturing of electronics hardware, EMS providers, service providers such as quality/product testing as well as companies designing components and subassemblies are eligible for membership. Equipment companies from all segments of electronics (i.e., Consumer, Telecom, IT, Defence, Industrial, Medical and Automobiles) are welcome to join ELCINA membership once they commence manufacturing, assembling or designing activities in the country. All Payments through local Cheque/Draft favoring ELCINA Display Center 
ELCINA has recently renovated its Display Center to meet the changing environment of the Industry. Small size Display booths are made to accommodate more and more companies Contact: saly@elcina.com |
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BPCA Tech Conference
With India’s PCB demand expected to reach US$11 billion by 2030, the BPCA Tech Conference examined the opportunities and challenges facing the industry. The conference was held on 17 September 2026 at BIEC, Bengaluru, alongside electronica India. Organised by ELCINA and Messe München, the conference focused on “India PCB 2.0: Catalysed by ECMS Scheme; Driven by Surging Demand”, examining the opportunities and challenges shaping India’s PCB industry.
The conference opened with a session on “Bharat PCB Challenge: Building India’s High-Tech Circuit Backbone”, covering the evolving PCB landscape, investments, market trends and growth opportunities. Two panel discussions examined the challenges of meeting projected PCB demand of US$11 billion by 2030 and the key pillars required to build a competitive PCB industry, including supply chains, equipment, technology and R&D. A technical forum on “Materials Technology for Manufacturing Cutting-Edge PCBs” examined how advanced materials and technologies can enable finer patterns, improved performance and greater reliability in next-generation PCB manufacturing.
ELCINA Tech Zone
Running from 16-18 September 2026, the ELCINA Tech Zone formed part of the electronica India and productronica India exhibitions at BIEC, Bengaluru, bringing technology, ideas and industry expertise into focus. Designed as a space for technology and industry engagement, the Tech Zone brought together ideas, innovations and industry expertise from across the electronics ecosystem.
Visitors had the opportunity to explore emerging technologies, discover new ideas and interact with professionals working across different segments of the industry. The zone also provided a platform for conversations around technology trends, applications and developments shaping the future of electronics manufacturing, giving visitors insights and perspectives to take back from the exhibition. TOP India x Taiwan Networking Evening
Business opportunities, technology and collaboration were the focus of the India–Taiwan Networking Evening, jointly hosted by ELCINA and Taiwan Electrical and Electronic Manufacturers' Association (TEEMA) on 16 September 2026 in Bengaluru.
The evening brought together Indian and Taiwanese companies and industry representatives for discussions on potential business partnerships, technology cooperation and opportunities for greater engagement between the two electronics ecosystems. The informal setting also allowed participants to connect and explore areas of mutual interest. TOP ELCINA × Bain & Company – Advanced Manufacturing & Growth Forum @ SEMICON India
At SEMICON India 2026 in New Delhi, the ELCINA × Bain & Company – Advanced Manufacturing & Growth Forum, held on 19 September 2026, examined the capabilities and ecosystem needed to support India’s growing electronics and semiconductor industry. The conference focused on “Components and Materials for Advanced Electronics”, examining the capabilities and ecosystem needed to support India’s growing electronics and semiconductor industry.
The conference featured keynotes and three panel discussions covering critical areas of the electronics value chain. Panel I, “Electronic Devices, Components and Design – Power,” looked at developments in power electronics, devices, components and design capabilities. Panel II, “PCB – Globally Competitive at Scale,” focused on building scale, technology and competitiveness in India’s PCB industry. Panel III, “India OSAT Landscape – Now and the Next,” examined the growth of India’s outsourced semiconductor assembly and test (OSAT) ecosystem and its future trajectory. Together, the sessions provided perspectives on strengthening domestic capabilities in components, materials, design, PCBs and semiconductor packaging.
Exclusive Knowledge Sharing Meet & Networking Dinner @ SEMICON India
An evening of industry discussion and networking, the Exclusive Knowledge Sharing Meet & Networking Dinner was organised by ELCINA and Khaitan & Co. on 18 September 2026 on the sidelines of SEMICON India 2026. The event was an opportunity for industry representatives and stakeholders to exchange perspectives on developments in the semiconductor sector and explore emerging opportunities in India.
A key feature of the event was a panel discussion on “Building Strategic Opportunities in India in the Evolving Global Semiconductor Ecosystem”, which examined the changing global semiconductor landscape and the strategic opportunities emerging for India. The event also provided an informal setting for networking and furthering industry connections. TOP
TOP Copper dazzle dull margins for EV, consumer and engineering goods The Hindu | 16 September 2026 Copper prices hitting record highs are raising concerns among manufacturers of EVs, consumer electronics, appliances, electrical wires and engineering products. London Metal Exchange copper futures reached an all-time high of $14,779 per tonne on September 8. Although prices have eased slightly, they remained elevated at around $14,167.67 per tonne, up 0.9% from the previous close. The recent rally has been driven partly by U.S. buyers building inventories ahead of potentially steep tariffs on refined copper imports proposed by President Donald Trump. Chips, components, hardware: India targets 40% local value in electronics as manufacturing push deepens Business Today | 18 September 2026 India is seeking to deepen domestic value addition in electronics manufacturing through Semicon 2.0, with ECMS playing a key role in expanding the value chain. MeitY Secretary S Krishnan said value addition has increased to 22–23% from 12–15% earlier, with the government targeting 40% through the combined impact of ISM, mobile manufacturing, electronics hardware PLI and ECMS. Meanwhile, Micron CEO Sanjay Mehrotra said its Gujarat facility has begun commercial production of DRAM and NAND products. Rising AI-driven memory demand has also pushed DRAM and NAND prices sharply higher in 2026. Made-in-India phones get a PLI push as electronics firms receive Rs 19,091 crore The Times of India | 27 September 2026 India’s large-scale electronics manufacturing sector has received ₹19,090.98 crore in incentives under the PLI scheme up to June 2026, the highest among the 14 sectors covered. The sector has attracted ₹20,580.20 crore in investments through the scheme. Introduced in 2020 to boost domestic mobile manufacturing, the LSEM PLI covers 32 approved companies and was extended through 2025-26. Smartphone exports rose sharply to about $30 billion in 2025-26 from $5.5 billion in 2021-22. Overall, PLI beneficiaries received ₹36,754 crore across sectors by June 30. TOP
BIS Registration Mandated for Smartphone Screen Protectors The government has added Screen Protectors for smartphones to the compulsory registration regime under the Electronics and Information Technology Goods Order, 2021. The products will be required to conform to IS 19348:2025 – Glass Screen Protector – Specification, with the new requirements taking effect from April 1, 2027. MeitY | CG-DL-E-21092026-276371 | 21 September 2026 Anti-Dumping Duty Recommended on Mobile Covers from China DGTR has recommended a five-year anti-dumping duty of $72 per 1,000 pieces on mobile covers imported from China, excluding Askin Aramid fibre cases. The investigation found that dumped Chinese imports caused material injury to India’s MSME-dominated domestic industry through price undercutting, market share gains, lower capacity utilisation, rising inventories and weaker profitability. The duty will take effect only after the Finance Ministry issues the final notification. Directorate General of Trade Remedies (DGTR), Department of Commerce, Ministry of Commerce & Industry | CASE No. AD (OI) - 13/2025 | 24 September 2026 Anti-Dumping Duty Recommended on PCB Drills and Routers from China DGTR has recommended anti-dumping duties on specified PCB drills and routers with a 3.175-mm shank diameter imported from China, after finding that dumped imports caused material injury to the domestic industry. The investigation found that Indian-made tools are technically and commercially substitutable for the imports, while a domestic demand–supply gap does not justify injurious dumping. The duties remain subject to final notification by the Ministry of Finance. Directorate General of Trade Remedies (DGTR), Department of Commerce, Ministry of Commerce & Industry | CASE No. AD (OI) - 41/2025 | 25 September 2026 TOP
General India wants data centre growth without compromising water, environment: Jitin Prasada Moneycontrol | 21 September 2026
ESSCI, NIELIT ink pact to drive skilling in semiconductors, emerging tech The Economic Times - Electronics | 21 September 2026
India has enough capacity for mobile screen protectors, must guard against substandard imports: S Krishnan The Economic Times - Electronics | 24 September 2026 The government has brought smartphone screen protectors under the compulsory registration framework, with compliance with the prescribed Indian Standard becoming mandatory from April 1, 2027. Manufacturers and other entities have until March 31, 2027, to transition. MeitY Secretary S Krishnan said India now has sufficient domestic manufacturing capacity and needs to prevent substandard imports from affecting local producers. The measure is intended to ensure products entering the Indian market meet quality requirements while giving manufacturers time to comply. Krishnan also said electronics and semiconductor companies are moving from initial interest in India to concrete investment discussions and commitments. TOP
Semiconductors Applied Materials’ $5 billion India plan to build chip R&D lab, supply chain Mint | 17 September 2026
Nexperia Partners With Tata Electronics for Semiconductor Manufacturing in India Electronics for You | 18 September 2026
SEMICON India 2026: Semiconductor industry flags customs, transport hurdles; govt promises action Mint | 19 September 2026
Vaishnaw cautions industry about cyberattacks, disruption that may target India's growing chip might The Hindu | 20 September 2026 Electronics and IT Minister Ashwini Vaishnaw has warned India’s semiconductor industry to remain alert to geopolitical and cybersecurity risks as the country expands its role in chip design and manufacturing. He said India’s growing position in the global semiconductor value chain could challenge established interests and potentially invite cyberattacks or other disruptions. With countries increasingly viewing India as a trusted location for product development and manufacturing, Vaishnaw urged the industry to prepare for possible threats and strengthen vigilance. He said India should recognise these risks as its semiconductor capabilities grow. TOP
Information Technology India's outsourcing industry holds ground as AI reshapes jobs, says ING Business Standard | 17 September 2026 India’s outsourcing industry is shifting toward higher-value services as AI automates more routine work, according to ING Bank. Software services exports have risen to about 5.2% of GDP from 3.3% before the pandemic, while business services such as finance, engineering, research and analytics have more than doubled to 3.3%. ING said AI is changing the nature of outsourced work rather than reducing demand. Repetitive tasks are giving way to analytics, software development, risk management, engineering design and R&D. Digitally delivered services exports have grown 45% since 2022, compared with 32% globally. US bought nearly $120 billion of India's software services in FY26, share rose to 54.1% Moneycontrol | 19 September 2026
India's software services exports rise 8.2% to $221.4 bn in FY26: RBI data Business Standard | 20 September 2026 India’s software services exports, excluding sales through overseas commercial presence, rose 8.2% year-on-year to $221.4 billion in FY26, according to the RBI’s annual survey. Computer services remained the largest segment, accounting for 69.3% of exports, up from 67.4% a year earlier. Exports of computer services increased to $153.4 billion from $138.1 billion. Within this category, IT services exports rose to $147 billion from $131.3 billion. Software product development exports declined slightly to $6.4 billion from $6.8 billion. TOP
Consumer Electronics Samsung India profit falls 36% to ₹7,228 crore; mobile revenue declines Business Standard | 22 September 2026
LG, Samsung face India tariff evasion investigation over OLED TV parts Reuters | 23 September 2026
TVs, washing machines, ACs and other consumer electronic prices to go up starting October 1 The Times of India | 28 September 2026
Telecom Gwalior to get Asia’s first Telecom Manufacturing Zone with ₹5,500 crore investment DD India | 21 September 2026
Centre Dissolves Top Telecom Decision-Making Body After 37 Years NDTV | 21 September 2026
TRAI’s amended rules on voice & SMS-only tariffs may drive churn, industry-wide tariff hikes: Analysts The Economic Times - Telecom | 23 September 2026
EV’s & Auto Electronics India's EV push could cost the country $2 billion more in imports Moneycontrol | 18 September 2026
EV Sales Soar In India, But Why Are Private Owners Still Skeptical? NDTV | 18 September 2026 India’s EV market has expanded rapidly, with EVs accounting for 8.25% of vehicle sales in 2025-26 compared with just 0.5% in 2018. However, private consumer adoption remains relatively limited and varies significantly across states. The NITI Aayog-WRI India Electric Mobility Index 2025 ranks Delhi highest overall, followed by Maharashtra, Karnataka, Chandigarh and Goa, based on electrification, charging infrastructure and innovation. Private EV adoption tells a different story: Kerala and Goa lead at 12%, followed by Karnataka at 11%, highlighting the gap between overall EV progress and private ownership. India's dead EV batteries could be a ₹1 lakh crore goldmine: Study Hindustan Times | 29 September 2026 Retired EV batteries could contain minerals worth ₹1.01 lakh crore in India by FY2040-41, according to a CSEP working paper, highlighting the potential of battery recycling. The study estimates that around 573 kilotonnes of minerals could be recovered from EV batteries between FY2026-27 and FY2040-41. With annual EV sales projected to rise to 9.1 million by FY2030-31 and nearly 49.9 million by FY2037-38, recycling capacity will need to expand alongside adoption. India currently depends entirely on imports for lithium, nickel and cobalt, making battery recovery strategically important. TOP
Defence & Solar India’s defence start-up boom is outrunning its talent pipeline The Hindu | 18 September 2026 India’s defence manufacturing sector is expanding rapidly, but the growth of start-ups and private industry is creating pressure on the skilled talent pipeline. Without targeted skilling, 40–45% of defence-sector roles could remain unfilled by 2030, potentially constraining projects in aircraft, unmanned systems, naval platforms and secure communications. Defence production reached a record ₹1.78 lakh crore in FY2025-26, while exports rose to ₹38,424 crore and Indian equipment reached more than 80 countries. Private industry’s share of production also increased to 24%, highlighting the growing demand for specialised talent. India’s defence push draws former govt scientists, repeat founders into startups Mint | 21 September 2026 India’s defence innovation ecosystem is attracting more entrepreneurs and investors as government initiatives provide clearer technology requirements and potential procurement opportunities. iDEX, ADITI and Make in India, along with greater private-sector participation in defence R&D, are helping identify specific technology needs and projects. According to 360 ONE Asset, the armed forces and defence laboratories have become more transparent about requirements, spending and potential order values, improving visibility for start-ups. The firm recently raised a ₹1,500-crore fund focused on Indian defence and aerospace businesses. Former government and research officials are also entering the sector as founders. India could hit Rs 50,000 crore defence export target two years early: Defence Secretary Moneycontrol | 25 September 2026 India could reach its ₹50,000 crore defence export target by 2028, ahead of the government’s 2030 goal, Defence Secretary Rajesh Kumar Singh said. Defence exports reached a record ₹38,424 crore in 2025-26, compared with ₹686 crore in 2013-14. Singh identified cost competitiveness, particularly in missiles, as a key export opportunity, noting that some Indian systems can be offered at significantly lower prices than foreign alternatives. The government also aims to expand domestic manufacturing, including multiple fighter aircraft production lines, several missile producers and a larger drone industry, while widening private-sector participation in ammunition and propellant production. IIT Bombay batchmates launch Kokasa to build defence, aerospace and autonomous systems Fortune India | 30 September 2026
MSME India's semiconductor push spurs MSME precision manufacturing, ₹2,000 cr component exports: Ashwini Vaishnaw Fortune India | 18 September 2026 India’s semiconductor programme is beginning to expand the country’s precision-manufacturing ecosystem, particularly among MSMEs. Electronics and IT Minister Ashwini Vaishnaw said an industry player is already exporting around ₹2,000 crore worth of components from India, with nearly 90% of its component ecosystem sourced from MSMEs. He said the next phase of semiconductor development must extend beyond fabs and packaging to suppliers of machines, components, chemicals and other inputs. Building skills and strengthening applied research within factories will be important to improve manufacturing processes and product quality. MSME credit hits ₹47.4 trillion with clusters driving growth: Report Business Standard | 21 September 2026 India’s MSME credit portfolio grew 12.5% year-on-year to ₹47.4 trillion by June 2026, with lending increasingly concentrated in established industrial and trading clusters, according to CRIF High Mark. Credit to small and medium enterprises grew 20.3% and 21.3%, respectively, while lending to micro enterprises remained largely stagnant despite accounting for 84.4% of active credit accounts. Manufacturing credit rose 17.4%, led by engineering and machinery, while trading grew 12.7%. Private banks remained the leading lenders, with NBFCs gaining share in some industrial segments. MSME body calls for handholding, support as India signs more FTAs Business Standard | 30 September 2026 Indian textile exporters, particularly MSMEs, are finding it difficult to diversify into alternative export markets amid uncertainty in established destinations. Laghu Udyog Bharati said free trade agreements can also disproportionately benefit larger companies because smaller firms lack the marketing, buyer connections and support needed to enter new markets. The US remains India’s largest textile and apparel export market, but trade-policy uncertainty has affected exports. During April-August 2026, overall textile exports grew 6.94% in dollar terms, while apparel exports declined 9.10%, leaving combined exports marginally lower year-on-year. TOP
More ELCINA Publications & Reports TOP
UPCOMING EVENTS & GENERAL INFORMATION DOMESTIC EVENTS
OVERSEAS SHOWS
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India’s data centre growth should be balanced with environmental sustainability and efficient water use, MoS for Commerce and Industry and MeitY Jitin Prasada said. Speaking at the inauguration of Microsoft’s latest data centre infrastructure, he highlighted technologies using closed-loop water circulation and efforts to expand green power generation. Prasada also suggested that data centre operators consider locating facilities closer to power sources rather than water resources. He said India has the land and talent to attract data centre investments and urged technology companies to expand beyond the southern and western regions.
The Electronics Sector Skills Council of India (ESSCI) and NIELIT have signed an MoU to expand industry-aligned training and certification in semiconductors and emerging technologies. The partnership will cover areas including AI, IoT, drones, embedded systems, Industry 4.0, cybersecurity and electric vehicle electronics. ESSCI will provide industry-relevant standards and qualification packages aligned with the National Skills Qualification Framework and Skill India requirements. NIELIT’s virtual laboratories will support initial training and upskilling, alongside plans for advanced laboratories, Centres of Excellence and other training facilities.
Applied Materials plans to invest $5 billion in India over 10 years to establish a semiconductor research and development laboratory, including a clean room, and build a local supply chain. The facility will support product development for the company’s global operations and require significant expansion of engineering talent in India. President of the Semiconductor Products Group Prabu Raja said the investment will help reduce dependence on globally sourced components, which can lengthen development timelines. The commitment, announced at Semicon India 2026, is Applied Materials’ largest investment in India.
Nexperia and Tata Electronics have entered a strategic partnership covering semiconductor fabrication, assembly and testing, technology development and ecosystem building in India. The companies will work towards manufacturing Nexperia’s MOSFET portfolio at Tata Electronics’ upcoming 300mm fab in Dholera, Gujarat. Assembly and testing of Nexperia’s discrete semiconductor products will be undertaken at Tata Electronics’ packaging facility in Jagiroad, Assam. The collaboration spans front-end wafer fabrication, back-end operations and technology development, with the companies aiming to improve supply-chain resilience and create scalable manufacturing capacity.
Semiconductor industry participants at SEMICON India 2026 raised concerns over customs procedures, transportation and regulatory clearances during country roundtables. Electronics and IT Minister Ashwini Vaishnaw said the government would work with industry to address the issues. The roundtables brought together international semiconductor companies, government officials and other stakeholders to discuss manufacturing, supply chains, investment, technology and talent. Vaishnaw also said several MoUs and purchase orders had been finalised during the event. Japan and Singapore had particularly large country pavilions, each featuring around 30 companies.
The US remained the largest market for India’s software services exports in FY26, accounting for 54.1% of total exports, according to RBI data. Exports to the US rose 11% to $119.7 billion, faster than India’s overall software exports, which grew 8.2% to $221.4 billion. The UK was the second-largest destination, with its share marginally declining to 15.4%. IT services remained the biggest export segment at around $147 billion, followed by BPO services at $56 billion and software product development at $6.4 billion.
Samsung India Electronics’ consolidated profit fell 36% to ₹7,228.1 crore in FY26, despite a 1.2% increase in revenue from operations to ₹1.12 lakh crore. Mobile phones and accessories, the company’s largest business, saw revenue decline 1.35% to ₹81,472.2 crore. Home appliances revenue rose 3.52% to ₹12,240.6 crore, while the audio-visual segment, including TVs and soundbars, grew 8.5% to ₹8,055.9 crore. The company operates across smartphones, tablets, TVs, appliances and computers, competing with Apple and Chinese smartphone brands.
India is investigating LG Electronics and Samsung over alleged underpayment of import tariffs on OLED display components used in high-end televisions, according to Reuters sources. Officials allege the companies claimed a concessional 5% tariff on OLED glass screens, or open cells, although the lower rate has historically applied to LCD and LED displays. The investigation comes as both South Korean companies expand their premium TV businesses in India. OLED TVs remain a small segment, accounting for nearly 4% of India’s television market, which was valued at $4.7 billion last year.
Consumer appliances including air-conditioners, LED TVs and washing machines are set to become 5–8% more expensive from October 1 as manufacturers raise prices to offset higher input costs. Copper, steel, aluminium, crude oil derivatives and freight have become costlier, while currency volatility and the West Asia crisis are adding to supply-chain pressures. The latest increase is the industry’s third price hike in 2026. Manufacturers remain cautious about the impact on festive demand, although dealer inventories could allow some products to remain available at older prices temporarily.
Gwalior is set to develop a telecom manufacturing ecosystem with Asia’s first Telecom Manufacturing Zone (TMZ), involving an estimated ₹5,500 crore investment and more than 18,000 direct jobs. The project is planned at Shrimant Madhavrao Scindia Counter Magnet City (SADA), with around 170 acres identified for its first phase across SADA and the IT Park. The zone is expected to accommodate 24–25 units manufacturing telecom equipment and components. According to the Ministry of Communications, investor interest has already exceeded the land currently available, prompting plans for expansion.
The government has dissolved the Digital Communications Commission (DCC), the Department of Telecommunications’ top inter-departmental decision-making body, with effect from September 19, 2026. Established as the Telecom Commission in 1989, it was renamed DCC in 2018. Comprising senior officials from various government departments, the body handled key telecom policy and financial matters, including spectrum pricing and recommendations from TRAI, before decisions moved to the Cabinet. Its final meeting was held on September 3, when it approved most TRAI recommendations on satellite communications spectrum.
TRAI’s latest consumer protection rules could prompt entry-level telecom users to shift to cheaper voice-and-SMS-only plans or lead operators to raise tariffs more broadly, analysts said. Morgan Stanley estimates that even if 25–30% of entry-level users migrate to plans priced 15–20% lower, wireless revenue dilution would remain below 1%. The rules, effective October 21, 2026, require operators to offer voice-and-SMS-only vouchers across applicable validity periods, a monthly-renewable option and at least one longer-validity plan. Telcos had opposed the changes.
India’s shift to electric passenger cars may not reduce its import bill in the near term, with HSBC Global Research estimating that they could add around $2 billion to the bill in both FY30 and FY35. Unlike other vehicle segments, passenger EVs may take longer to offset imported battery costs through savings on crude oil. Passenger cars typically travel fewer kilometres annually and remain parked for long periods, while their larger batteries require significant imported inputs. By contrast, two-wheelers, three-wheelers, buses and commercial vehicles can generate fuel savings more quickly because of higher utilisation.
Former executives from Epigamia, Housing.com and HAL have launched Kokasa, a deep-tech company developing critical systems and autonomous technologies for defence, aerospace and space applications. Its focus is on Collaborative Autonomous Systems, enabling multiple autonomous and semi-autonomous platforms, sensors and effectors to work together through a common software architecture. Kokasa is developing mission-critical electromechanical and electrohydraulic systems covering actuation, motion control, sensing and embedded control, alongside autonomy capabilities such as perception, sensor fusion, guidance and decision-making. The company is already undertaking indigenisation programmes for the Su-30MKI, MiG-29 and T-72.
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