Out of 14 new car brands set to debut in the next fiscal year, 12 will be electric, aligning with the government s target of one-third electric vehicle sales by 2030. However, concerns over affordability and infrastructure may hinder mass adoption. Industry experts anticipate a modest volume increase, with electric vehicles comprising a larger share of the market mix. Overall passenger vehicle sales are projected to grow 3-5% in FY25.
The forthcoming announcements aim to kick-start manufacturing of advanced semiconductors that power smartphones, artificial intelligence, and weapons systems, the WSJ reported, citing industry executives familiar with the negotiations. The executives expect some announcements to come before Biden's State of the Union address on March 7, according to the report.
The forthcoming announcements are aimed at kick-starting manufacturing of advanced semiconductors that power smartphones, artificial intelligence and weapons systems, the WSJ reported, citing industry executives familiar with the negotiations. The executives expect some announcements to come before U.S. President Joe Biden's State of the Union address on March 7, the WSJ report added.
Thousands of cinema lovers, Hollywood celebrities, industry executives and filmmakers from around the world have arrived in a very snowy Park City, Utah, for 10 days of movie watching. The 40th edition of the Sundance Film Festival, the world’s premier showcase for independent film, kicks off Thursday with a starry gala honoring festival veterans like Kristen Stewart and Christopher Nolan and numerous world premieres.
The arrests come two months after the Enforcement Directorate arrested four industry executives, including one Chinese national, working for Vivo's Indian unit in a case of alleged money laundering, charges the firm has denied. India has stepped up scrutiny of Chinese businesses and investments following a deadly border clash in 2020.