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Apple, Samsung to boost cellphone manufacturing in India

4th August 2020
"Cellphone manufacturing to rise in India."

Three contract manufacturers for Apple iPhones and South Korea’s Samsung have applied for large-scale electronics manufacturing rights in India under a $6.5 billion incentive scheme announced by the government, a minister said Saturday.

The scheme will extend cash incentives of 4-6% for five years on incremental sales of goods manufactured in India with 2019-2020 as the base year, Technology Minister Ravi Shankar Prasad told reporters.

The international cellphone manufacturing companies that have applied under the scheme are Samsung, Rising Star and three Apple contract manufacturers — Foxconn Hon Hai, Wistron and Pegatron.

Prasad said the scheme is expected to increase Apple’s and Samsung’s manufacturing base manifold in India.

Nearly two dozen Indian and international companies in the cellphone segment have applied for the scheme, which is expected to generate 300,000 direct jobs in the country, Prasad said.

source:AP

 

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Tesla is open to share EV Technology With Competitors

3rd August 2020
"Tesla CEO, Elon Musk has confirmed on Twitter that he is open to the idea of sharing Tesla's electric vehicle technology and manufacturing capabilities with its competitors."

Tesla's mercurial co-founder and CEO, Elon Musk, has revealed that he is open to the idea of sharing the company's electric vehicle technology and manufacturing capabilities with its competitors. Responding to a tweet by Teslarati, the billionaire tweeted, " Tesla is open to licensing software and supply powertrains and batteries. We're just trying to accelerate sustainable energy, not crush the competition."

Tesla is open to share EV Technology With Competitors

In addition to the tweet, Musk also indicated that he would be even open to the idea of sharing Tesla's self-driving car technology called "Autopilot". Replying to a follower on the same Twitter thread, he cryptically responded "sure".

Tesla is open to share EV Technology With Competitors

Musk has already pledged that Tesla will open-source all its patents. He views the use of sustainable energy as a critical tipping point against the battle for climate change. Musk has continuously reiterated this stance. He initially penned a blog post on Tesla's website back in 2014.

Tesla even managed to book a profit of $104 million in Q2 of 2020 despite lockdowns at its manufacturing facility with its core market of the US, being the worst impacted country by the coronavirus pandemic. It also marked the first time Tesla had booked a profit for four quarters in a row.

 

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SML ISUZU Introduces Special Saving Offers

3rd August 2020
"SML ISUZU is offering 100% discount on the EMI Payment of first 6 months."

As the times are difficult, today’s saving will help us to secure our coming days. Understanding the needs of this difficult time to save, Laxmi Commercial Vehicles’ SML ISUZU has introduced a new special saving package for its customers. With this special package, customers will have the opportunity to save prior to their earning. 

SML ISUZU will be offering 100% discount on the EMI Payment of first 6 months of the auto loan for the commercial vehicle to the customers under this offer. The discount will be applicable only to the models financed through the banks affiliated to this package.

Through this package, customers will be able to save prior to the income generated from the commercial vehicle they have purchased.

SML ISUZU offers:

1. Free 1-year insurance

2. 1-year road tax

3. Spot exchange facility

4. Easy Financing options 

5. 3-year warranty on School buses, Commercial / Private Buses, Trucks and Tippers 

SML ISUZU is committed to providing 100% services to its customers. Laxmi Commercial Vehicles Pvt. Ltd. has already introduced different models of School buses, Commercial / Private Buses, Trucks and Tippers which is already accepted and preferred by customers and is best for Nepalese road conditions.

The vehicle line up consists of S7 series – Buses, Standard – Buses, Executive LX Coaches( AC Buses), eco MAX – Mini Buses, Samrat& Super series - Trucks & Tippers and Sartaj 4WD.

Laxmi Group is a well-established Manufacturing and Trading House with various companies under its name. In order to create a distinct identity in the automobile sector, it started the Automotive Division several years ago and Laxmi Commercial Vehicles Pvt. Ltd. falls under this division. 

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