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flag India boosts domestic semiconductor and EV manufacturing with $120M funding and startup partnerships, aiming for self-reliance in electric mobility.

flag Union Minister Ashwini Vaishnaw met Ather Energy CEO Tarun Mehta to discuss India’s push for domestic semiconductor manufacturing and its role in advancing electric vehicle electronics and road safety. flag The 2026-27 budget allocated Rs. flag 1,000 crore to India Semiconductor Mission 2.0, supporting the government’s goal of a self-reliant EV supply chain. flag Ather Energy, a top electric two-wheeler maker, is partnering with DPIIT under the Build in Bharat initiative to mentor startups and drive innovation. flag India’s electric two-wheeler sales reached 1.15 million units in FY 2024-25, a 21% rise, fueled by policies like FAME Phase II. flag Government efforts aim to boost local manufacturing, technology, and sustainable mobility, though challenges like high costs and charging infrastructure remain.

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