New Delhi, July 21 (IANS) India’s foldable smartphone market is expected to cross 3 million cumulative shipments by the end of 2026, growing at a compound annual growth rate (CAGR) of nearly 80 per cent between 2019 and 2026, according to a report released on Tuesday.According to Counterpoint Research, foldable smartphone shipments are projected to grow around 8 per cent year-on-year in 2026, outperforming the broader smartphone market despite rising device prices and weaker overall demand.Incre…
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New Delhi, July 17 (IANS) India’s smartphone shipments fell 10 per cent (year-on-year) in the April-June quarter, the biggest for a June quarter in six years, a report showed on Friday.The decline was mainly driven by record-high memory prices, which increased smartphone prices across almost all segments, weakening consumer demand and extending replacement cycles, despite promotions and financing initiatives, according to Counterpoint Research.India’s smartphone market remained under pressur…
New Delhi, July 14 (IANS) India accounted for almost 18 per cent of global Android game downloads, reinforcing its position as one of the world’s largest mobile gaming markets, although its monetisation patterns remain markedly different from global trends, according to a report released on Tuesday.According to a report by Mintegral, the country accounted for 17.8 per cent of global Android game downloads, while contributing 2.8 per cent of global iOS downloads, underscoring the country’s overwh…
New Delhi, July 10 (IANS) India’s electric vehicle components market is expected to expand eightfold from Rs 41,000 crore in 2025 to Rs 3.55 lakh crore by 2032, a report said on Friday.The report from India Energy Storage Alliance and Customized Energy Solutions said battery packs, motors and power electronics will drive unprecedented growth in the domestic EV supply chain.The report unveiled at India Energy Storage Week 2026 at Yashobhoomi (IICC), here, projected a compound annual growth rate…
New Delhi, July 4 (IANS) Auto sector demand in India remained resilient in June, with personal mobility segments continuing to outperform, a report has said.The report from Asit C Mehta Investment Intermediates said easing of supply-side bottlenecks at several OEMs, healthy retail demand and sustained export momentum supported volume growth during June.Export momentum for two- and three-wheelers is also expected to remain supportive, the report added.Two-wheeler YoY retail growth rate accelerate…
New Delhi, July 2 (IANS) Cumulative domestic two‑wheeler sales grew 22 per cent year‑on‑year to 33.6 lakh units in April–June 2026, while passenger vehicle domestic sales rose about 25 per cent to 12.7 lakh units, a report said on Thursday, adding that the industry will maintain momentum in FY27.”Looking ahead to FY27, we remain cautiously positive about domestic PV sales and expect industry volumes to grow at a mid-single-digit pace,” the report from Axis Securities said.The growth will…
New Delhi, June 3 (IANS) The Union Cabinet, chaired by Prime Minister Narendra Modi, on Wednesday approved a landmark two-year scheme aimed at reducing air pollution in the Delhi–NCR region and promoting cleaner mobility.With a total financial outlay of Rs 9,585 crore, including Rs 5,041 crore from the Central Government and an estimated Rs 1,601 crore in tax concessions from the participating states, the scheme seeks to incentivise owners of trucks and buses registered in the Delhi–NCR regi…
New Delhi, May 30 (IANS) India’s design-linked incentive (DLI) scheme is showing good results, Union Minister Ashwini Vaishnaw has said, hailing the country’s first flagship AI system on chip (SOC) ‘A2000’ at 12nm technology node designed by Thiruvananthapuram-based fabless semiconductor startup Netrasemi.The chip has now achieves successful silicon Bringup and getting ready for commercial production.“Netrasemi has designed India’s first Edge AI System-on-Chip (SoC) ‘NETRA A2000’, at…
New Delhi, May 22 (IANS) The Indian passenger vehicle segment has witnessed strong volume growth driven by GST rate cuts, the extended summer wedding season, and healthy demand for newly launched models, despite concerns over a weak monsoon outlook and the ongoing West Asia crisis, a report showed on Friday.ICRA expects passenger vehicle industry volumes to expand by 4.6 per cent in FY27, led by the likelihood of sustained demand momentum. The moderation in growth considers the elevated base of …
New Delhi, May 20 (IANS) An estimated $110-120 billion investment is expected to flow into the Indian renewable energy sector in the next few years, primarily for solar and wind projects, a new report showed on Wednesday.By 2030, the upcoming solar and wind projects would translate into $10–15 billion opportunity in land aggregation and acquisition. This growth outlook is led by the government’s definitive targets to transition to cleaner and greener energy sources in its bid to become net z…