"Price of steel is international. It does not get impacted whether Chinese steel is allowed to come into India or not. It does not affect the domestic steel prices. Domestic steel prices reflect what is happening in the world markets. Therefore, the steel ministry has been recommending that and also the commerce ministry has been recommending that we should restrict imports of steel coming into India."
India saw 120 per cent growth in electric vehicles (EVs) in the second quarter of this year, driven by a 400 per cent surge in hybrid vehicles, a report showed. The surge in EV adoption was driven by the introduction of new affordable models, including, for instance, MG Comet EV from MG Motors.
Mg Motor: The partnership to promote intercity travel by EVs and destination charging began with the inauguration of 10 destination charging stations across Lucknow, Trivandrum and Kochi, the company said.
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.