India Economy Thread

[NeptunesVortex]

Ford India plans mega EV facility in Chennai, eyes Asia-Pacific hub for affordable EVs

The brownfield project could encompass EV assembly as well as batteries, cells, motors and other critical components, potentially turning Ford’s Chennai facility into an integrated electric-vehicle manufacturing hub.

Ford India plans mega EV facility in Chennai, eyes Asia-Pacific hub for affordable EVs

Ford Motor Company is exploring a major EV manufacturing hub at its Maraimalai Nagar plant near Chennai, with a brownfield expansion that could integrate EV assembly, battery and motor production, and position India as an Asia-Pacific base for affordable electric vehicles focused on export markets.

www.fortuneindia.com

 

[indo17787]

Tata Motors' Iveco takeover offer gets Consob nod; acceptance period opens Sep 7​

Tata Motors' Iveco takeover offer gets Consob nod; acceptance period opens Sep 7

Italian market regulator Consob approved Tata Motors' offer document for Iveco Group shares. Shareholders can accept the offer from September 7 until October 26. Tata Motors will pay Euro 14.10 per common share, including dividends. Payments to tendering shareholders are scheduled for October...

economictimes.indiatimes.com

 

[Thinking]

Though I'm not well-liked by Indians here, my assessment is correct. Modi has raised $136 billion from overseas Indians at an annual interest rate of over 7%—a staggering figure. And note this: that $136 billion has been recorded as part of India's official foreign exchange reserves. That's the true nature of India's $687 billion forex reserves—they are essentially dollar-denominated liabilities. Anyone with even a basic understanding of economics knows that a bank's deposits are its debts. If Modi can't offer enough leverage to China and the U.S. in this dangerous situation, then good luck to all of you.

This is just wow. Your deep analysis of world reality is beyond pale.