India Economy Thread

[Nimble]

GoI has become much stricter with PLI compliance. After the FAME-II localisation issues, DVA checks have gone much deeper. They're now looking beyond Tier-3 and even up to Tier-4/Tier-5 suppliers to verify the actual domestic value addition. That is seriously making it more challenging for these crooks to inflate localisation claims through paperwork. Those days are slowly coming to an end.

But the real problem is the red tape. DVA certification, AAT approval, audits and verification takes too long which is actually delaying the PLI payouts even when companies meet the requirements. GoI should keep these strict DVA checks as they are but make the certification and approval process much faster and simpler so PLI disbursements happen on time. @Nimble

Things are improving in radio silence bro.... just keep an eye on time and date....

 

[ChillVein]

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[CallSignMaverick]

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[indo17787]

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India’s fuel exports have hit a 1-year high. Exports of refined petroleum products climbed to a one-year high in July. This enabled domestic refiners to increase overseas shipments. According to shipping data from analytics firm Kpler, India exported 1.53 million barrels per day (bpd) of refined fuels during July. This is about 27% higher than the average monthly volume over the previous 12 months.

Indian refiners maximise: Fuel exports hit 1-yr high as robust margins, Russia diesel export ban help

Amid the ongoing US-Iran conflict, India’s fuel exports have hit a 1-year high. Exports of refined petroleum products climbed to a one-year high in July, supported by strong diesel refining margins, Russia's ban on diesel exports and abundant crude availability during the temporary ceasefire in...

timesofindia.indiatimes.com

Indian exports of petroleum products are set to rise substantially next year as the country adds more than 32 million tonnes, or 646,000 barrels per day, of refining capacity.

The annual capacity addition, the highest in decades, comes as the world faces a severe shortage of petroleum products such as diesel, jet fuel and gasoline, pushing refinery and export margins higher, according to government, company and ship-tracking data and interviews with senior industry officials.
https://www.business-standard.com/e...pacity-europe-demand-2027-126080301126_1.html

 

[indo17787]

Furukawa to invest ₹6,000 cr to expand optical fiber & cable production capacity in India, US, Brazil, Japan​

Furukawa to invest ₹6,000 cr to expand optical fiber & cable production capacity in India, US, Brazil, Japan

Furukawa Electric announces a ₹6,000 crore investment to enhance optical fiber and cable production capacity in India, the US, Brazil, and Japan, responding to rising demand driven by the AI hyperscaler industry. Mass production is set to commence in FY2028.

telecom.economictimes.indiatimes.com

 

[indo17787]

India-UK trade pact to boost agri, auto exports with lower tariffs, better market access: Experts​

India-UK trade pact to boost agri, auto exports with lower tariffs, better market access: Experts

The India-UK CETA agreement enhances agricultural exports by reducing tariffs on processed food products. This pact improves India's price competitiveness against non-FTA suppliers, supporting export diversification. Automotive exports will see UK tariffs eliminated, boosting Indian...

economictimes.indiatimes.com

 

[indo17787]

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Tata’s Dholera fab eyes Entegris boost for chemical supply - The Economic Times

Headquartered in Billerica, Massachusetts, Entegris is a leading supplier of advanced materials and process solutions for micro-contamination control, critical materials handling and advanced processes among others to semiconductor and other high-tech manufacturing industries.

economictimes.indiatimes.com

 

[indo17787]

Jupiter International to invest Rs 3000 crore in a 3 GW ingot-wafer plant in Nagpur; operations in phases over 20 months

Jupiter International Begins Work on ₹3,000 Crore Solar Plant in Nagpur

Kolkata: Solar cell manufacturer Jupiter International is setting up an ingot-wafer manufacturing plant in Nagpur, with an investment of Rs 3,000 crore. The work has already started, and the plant is likely to be fully operational in phases over the next 20 months, said company CEO Dhruv Sharma.

timesofindia.indiatimes.com

 

[indo17787]

Honda Motor outsources new vehicle programme to Tata Tech to cut costs​

Honda outsources new vehicle program to Tata Tech to cut costs

Honda has outsourced a new vehicle platform development to Tata Technologies. This move aims to significantly reduce costs and accelerate its product roadmap. The new platform will support multiple car models, including electric and hybrid variants. Honda is strategically utilizing external...

economictimes.indiatimes.com

 

[c14-Isotope]

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[indo17787]

Samvardhana Motherson International is currently the only Indian automotive component company in the global Top 15. Being Top 15 globally is particularly impressive because the companies ahead of Motherson include long-established giants such as Bosch, Denso, CATL, Hyundai Mobis, Magna, ZF, Aisin, FORVIA, Continental, and Lear.

<b>Samvardhana Motherson Q1 FY27 profit more than doubles to ₹1,032 crore</b>

Samvardhana Motherson International Ltd. achieves a remarkable 101.6% increase in consolidated profit to ₹1,032 crore for Q1 FY27, driven by robust revenue growth and strong demand.

auto.economictimes.indiatimes.com

Sona Comstar, DENSO form two JVs to develop EV and hybrid powertrain systems

The partnership will develop traction motors, inverters, generators and e-Axles across passenger, commercial, two- and three-wheeler segments, with India as the manufacturing and development hub.

auto.economictimes.indiatimes.com

​

 

[indo17787]

Samvardhana Motherson International is currently the only Indian automotive component company in the global Top 15. Being Top 15 globally is particularly impressive because the companies ahead of Motherson include long-established giants such as Bosch, Denso, CATL, Hyundai Mobis, Magna, ZF, Aisin, FORVIA, Continental, and Lear.

<b>Samvardhana Motherson Q1 FY27 profit more than doubles to ₹1,032 crore</b>

Samvardhana Motherson International Ltd. achieves a remarkable 101.6% increase in consolidated profit to ₹1,032 crore for Q1 FY27, driven by robust revenue growth and strong demand.

auto.economictimes.indiatimes.com

Sona Comstar, DENSO form two JVs to develop EV and hybrid powertrain systems

The partnership will develop traction motors, inverters, generators and e-Axles across passenger, commercial, two- and three-wheeler segments, with India as the manufacturing and development hub.

auto.economictimes.indiatimes.com

Yutaka specializes in automotive exhaust systems, torque converters, brake systems,
Drivetrain components, Engine components and precision motor core components.
This acquisition gives Motherson deeper integration into Honda's global supply chain, greater access to Japanese engineering and precision manufacturing.

Motherson completes acquisition of 81% stake in Japan's Yutaka Giken

Motherson International has completed the acquisition of an 81% stake in Yutaka Giken, enhancing its capabilities in advanced automotive technologies and aiming for sustainable growth as part of its Vision 2030 strategy.

auto.economictimes.indiatimes.com

 

[indo17787]

Samvardhana Motherson International is currently the only Indian automotive component company in the global Top 15. Being Top 15 globally is particularly impressive because the companies ahead of Motherson include long-established giants such as Bosch, Denso, CATL, Hyundai Mobis, Magna, ZF, Aisin, FORVIA, Continental, and Lear.

<b>Samvardhana Motherson Q1 FY27 profit more than doubles to ₹1,032 crore</b>

Samvardhana Motherson International Ltd. achieves a remarkable 101.6% increase in consolidated profit to ₹1,032 crore for Q1 FY27, driven by robust revenue growth and strong demand.

auto.economictimes.indiatimes.com

Sona Comstar, DENSO form two JVs to develop EV and hybrid powertrain systems

The partnership will develop traction motors, inverters, generators and e-Axles across passenger, commercial, two- and three-wheeler segments, with India as the manufacturing and development hub.

auto.economictimes.indiatimes.com

​

• First Indian facility capable of manufacturing edge-to-edge single-piece long lighting assemblies.
• Localized production of India's slimmest LED headlamp module (17 mm).
• First Indian production of single-piece end-to-end Daytime Running Lights (DRLs) and Rear Combination Lamps (RCLs).
• Equipped with 2,000-tonne to 2,700-tonne multi-colour injection moulding machines for complex lighting components

Marelli-Motherson JV opens second Sanand lighting plant; brings long light-bar tech to India

Marelli Motherson Joint Venture: The new unit has been set up to cater to growing demand from India’s passenger vehicle segment

auto.economictimes.indiatimes.com

In February 2026, Motherson announced a new greenfield plant in Pune, Maharashtra, through its vision systems business in partnership with Marelli. Pune facility will produce advanced automotive vision products:

• Smart exterior mirrors
• Camera Monitoring Systems which replace conventional side mirrors
• Electronic vision modules
• ADAS-related vision components
• Integrated sensing and visibility systems for next-generation vehicles. https://www.marklines.com/en/news/340345?utm_ @CallSignMaverick @Nimble

 

[indo17787]

The electric motor has achieved nearly 98 per cent localisation by component count and around 70 per cent localisation by cost.

L&T bets ₹5,000 crore to become Tier-1 supplier in auto electronics market

https://www.business-standard.com/companies/news/l-t-bets-5-000-crore-to-become-tier-1-supplier-in-auto-electronics-market-126072901540_1.html

The bigger development is that they've indigenously designed and developed the Motor Control Unit in India as well.

"Together with indigenously designed Motor Control Units, the traction motors will offer customers a complete EV drivetrain solution."

LTEPS Partners with EVR Motors to Accelerate Next-Gen EV Traction Motor Development in India

Mumbai, May 27, 2026: L&T Electronic Products & Systems (LTEPS) has entered into a strategic partnership with global electric propulsion technology company EVR Motors, to jointly develop, manufacture and deploy next‑generation EV traction motors for the Indian market.

www.larsentoubro.com

 

[indo17787]

India has considerably more room to grow as a tyre export hub especially because it already has the ingredients. Thailand exports a lot because of natural rubber.
But tyres today are no longer just rubber products. Modern premium tyres contain silica compounds, steel belts, synthetic rubber, advanced polymers, computer designed tread patterns, embedded sensors (in some cases), digital manufacturing & sophisticated quality control. So, the overall value lies elsewhere.

Michelin positions India as a global manufacturing and technology hub

Chennai: Michelin is broadening its ambitions in India beyond tyre manufacturing, positioning the country as a strategic base for production, engineering, artificial intelligence, research and development, global sourcing and exports as the French tyre maker deepens its presence in one of the...

timesofindia.indiatimes.com