Latest news with #SurajeetDasGupta
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Business Standard
20 hours ago
- Automotive
- Business Standard
Ola Electric, TVS charge up plans to beat rare-earth magnet crunch
Ferrite magnets are now globally considered a viable and cost-effective option due to their easy availability instead of rare-earth materials like neodymium, making it an affordable option Surajeet Das Gupta New Delhi Listen to This Article Ola Electric is planning to launch in the third quarter (September-December) some of its electric vehicles powered with ferrite motors as an alternative to those that go with heavy rare-earth magnets, whose supply the Chinese government has choked. Government sources Ola is in discussion with have said the company has been working for over two years on developing the technology and design for ferrite motors, where the magnet is made of iron (with some other metals added). The prototype has been internally validated and is being tested on some of its vehicles. The company has to go to the Automotive
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Business Standard
2 days ago
- Business
- Business Standard
India's own Foxconn? Dixon's PLI-powered roadmap could reshape electronics
Dixon is transitioning from being predominantly domestic assembler - smartphone assembly accounted for 89 per cent of its revenue as of Q3 FY25 - to becoming a deeper player in electronics value chain Surajeet Das Gupta New Delhi Listen to This Article Dixon Technologies has earned a rare distinction: it is the only Indian company ranked among the top 20 global electronic manufacturing services (EMS) players by revenue in 2024, according to research agency Manufacturing Market Insider. In a league dominated by heavyweights like Foxconn, Pegatron, and Luxshare, Dixon's presence is a significant achievement for a homegrown brand. Still, the scale difference is stark. Dixon's 2024-25 (FY25) revenues, at ₹38,860 crore, are just a quarter of Foxconn's revenues from India alone (₹1.72 trillion), thanks largely to Apple Inc, which remains the dominant force in the Indian EMS landscape. Yet, Dixon has set its
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Business Standard
6 days ago
- Business
- Business Standard
Ctrl+Alt+Reboot: Artificial intelligence rewriting jobs, not ending them
A survey finds most Indian job seekers are more curious than anxious about AI Surajeet Das Gupta New Delhi Listen to This Article For those worried about losing their jobs to artificial intelligence (AI), here's something to cheer about. A survey by the country's largest job site, released on Thursday, shows that only one in three job seekers (33 per cent) across age groups fear job losses due to AI, so the majority do not. Among fresher job seekers, one in three believes AI will create more jobs. In contrast, experienced professionals expect a balance — jobs created will likely match those lost. The survey is based on responses from over 60,000 job seekers across eight cities and more than 20 industries.
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Business Standard
15-07-2025
- Business
- Business Standard
Dixon Technologies' China playbook faces crucial Centre's FDI test
Company signs new pacts with Chinese firms Qtech, Chongqing Yuhai Surajeet Das Gupta New Delhi Listen to This Article Dixon Technologies (India) on Tuesday signed two agreements — a joint venture (JV) and an acquisition, both with Chinese companies — in what could be a test case for the government on how to handle such proposals under foreign direct investment (FDI) rules for Chinese firms following the implementation of Press Note 5. With these two deals, Dixon now has five such tieups with Chinese companies — in each of which it holds a 51 per cent or higher stake — and they can proceed only if the government grants FDI approval. The company has signed a binding term sheet
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Business Standard
14-07-2025
- Automotive
- Business Standard
Electric two-wheeler firms in talks with govt for localisation relief
PLI, PMP targets under strain as rare earth magnet stocks fast dry up Surajeet Das Gupta New Delhi Listen to This Article Electric two-wheeler (e2W) firms have approached the Ministry of Heavy Industries (MHI), seeking exemptions from including electric motors in the localisation calculations under the production-linked incentive (PLI) scheme for automobile and auto components — and from the phased manufacturing programme (PMP) localisation requirement for subsidy eligibility under the PM Electric Drive Revolution in Innovative Vehicle Enhancement scheme. In a meeting with the MHI, 2W companies told the government that their stock of rare earth magnets is dwindling, leaving them with no option but to import electric motors — already fitted with rare earth magnets — directly from China. Earlier, many companies
