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Wearables Production: Top wearables brands such as Boat and Gizmore are making most products locally in key categories audio and smartwatch through electronics contract manufacturers such as Dixon Technologies and Optiemus Electronics, the people added.
India’s PLI scheme is being hotly debated but we must also talk about our trade policy that has seen tariffs and input costs go up, thus counter-productively hurting domestic producers.
India's growth projections remain positive, and global firms see India as a key destination to diversify their manufacturing reliance on China. Despite that, several factors have created a challenging environment for attracting foreign investments in India.
PLI Scheme: Of the $101 billion electronics production in FY23, smartphones constituted $44 billion
Greaves Electric Mobility is a subsidiary of Greaves Cotton Ltd and operates under the Ampere brand. It offers a range of electric two-wheeler models, including Primus, Magnus EX, and Reo Plus. These models are part of the Ampere brand's product lineup in the electric mobility segment.