#localisation
India’s consumer durables boom has a Rs 50,000 crore localisation opportunity: Report
India's consumer durables market is expected to grow by 8-10% annually, reaching INR 3-3.25 lakh crore by 2030. Localisation presents a significant opportunity, increasing domestic value addition from 50-55% to 65-70%. The market has room for expansion, with …
India’s EV push faces subsidy test as Centre asks industry to make economics work
After years of incentives helping put electric vehicles on Indian roads, the industry faces a harder test: whether localisation, scale, and falling costs can make EVs affordable enough to reduce their dependence on government support. The first challenge was …
India eases HVDC localisation rules, sets timeline to reach 60% local content by 2035
The Ministry of Power has updated its 'Make in India' rules for the power sector. A new plan will gradually increase local content in HVDC substations. This aims for 60 percent Indian-made components by 2035. The changes provide a transition for domestic indu…