Stay updated with breaking news from Megha Engineering. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Chinese mobile phone manufacturer Xiaomi has said it will not pursue the joint-venture solutions used in India by its peers. President Muralikrishnan B said the firm was looking to remain a 100% subsidiary of its Chinese parent, amid speculation of an Indian joint venture, especially as some of its contract manufacturers enjoy incentives from the government.
New Delhi: The government has rejected a USD 1 billion investment proposal of Chinese electric car maker BYD and its Hyderabad-based partner Megha Engineering and Infrastructures Ltd (MEIL) to set up an electric vehicle manufacturing plant, sources said. Domestic infra major MEIL and BYD's joint venture proposed to set up an electric vehicle (EV) manufacturing plant in Telangana with a joint
Speeding up its ‘Make in India’ plans, Tesla representatives are slated to meet Commerce Minister Piyush Goyal later this month in New Delhi.
BYD had already established a substantial presence in the Indian automobile market, with plans to sell 15,000 units of EVs in 2023, , BYD, electric vehicles, indian government
In its proposal to the DPIIT, the BYD-MEIL venture made a pitch to manufacture up to 15,000 electric cars a year in India.