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This partnership will culminate in the setting up of an EV Charger manufacturing facility in the state. The initiative aligns with the Uttar Pradesh Electric Vehicle Manufacturing and Mobility Policy of 2022.

Hitachi Terminal Solutions India has announced that it will expand its manufacturing presence in India by establishing a new Cash Recycling Machines (CRM) or ATM manufacturing facility in Bengaluru.

The move is seen in the context of growing trade tussles between Beijing and Washington, a win for New Delhi in its push for local manufacturing.

The Indian assembled iPhone 14 will go on sale in the fourth quarter, as the company looks to bolster its local manufacturing/assembling plans.

This comes after Apple announced to shift about 25% of its manufacturing to India.

At present several Indian companies have a presence in Switzerland. Dr Reddy’s Labs and Chennai-based Zifo RnD Solutions have set-ups in Basel.

Under the expansion plan, the TKML is also expanding its training institution with capacity going up from 200 to 1,200 students (academic batch-wise).

As per estimates, the Ola cell battery plant may cost around $1 billion and may be built with an initial capacity of 1 Gwh, which will be expanded in the future.

The new funding will be used to further strengthen the technology stack; to develop an AI-enabled platform.

The tech giant manufactures some of its most advanced iPhones in the country, including iPhone 11, iPhone 12 and now iPhone 13 at the Foxconn facility.