After smartphones, the new growth engine for MediaTek's India market is the automotive sector. To cater to the new segment, the company is increasing its engineering presence and R&D development in India, says Anku Jain, MD, MediaTek India.
Chennai-based motorcycle manufacturer TVS Motor Company is investing USD 260 Million (£200 million) in the iconic British motorcycle brand Norton Motorcycles.
Piyush Arora, MD & CEO, Škoda Auto Volkswagen India, unveils his plans to keep the ball rolling for the Indian market. From increasing capacities, expanding market share to scaling up exports, the German company has an aggressive plan of action for 2023
Companies such as BMW, Mercedes-Benz, Audi, Lexus, Lamborghini and others see potential in emerging markets of Tier II and Tier III cities. Ludhiana, Udaipur, Kanpur, Mysore, among others, where there are high numbers of NRIs and HNIs have seen high penetration of luxury cars
From clocking a significant amount of revenue from smaller towns to navigating the macroeconomic headwinds, Lexus has cracked the code for the Indian market. However, it is vigilant. "We need to carefully watch as we go towards the second or maybe the third quarter of 2023," says Naveen Soni, president, Lexus India
The entrepreneurial mindset is all about identifying new opportunities, taking calculated risks, and finding creative solutions to complex problems. For Vikash Chaudhary, who started HackersEra in 2015, the opportunity was clear: to address the growing cybersecurity concerns in the automotive industry
Under the program, the automotive company pays out an undisclosed grant along with providing mentoring from technology experts to the shortlisted startups
Ambani picked a 12.7 per cent stake in SkyTran Inc, which has partnered with National Aeronautics and Space Administration (NASA) in the US and Israel Aerospace Industries (IAI) to develop the required technology, late last year.