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India boosts domestic semiconductor and EV manufacturing with $120M funding and startup partnerships, aiming for self-reliance in electric mobility.
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.
The 2026-27 budget allocated Rs.
1,000 crore to India Semiconductor Mission 2.0, supporting the government’s goal of a self-reliant EV supply chain.
Ather Energy, a top electric two-wheeler maker, is partnering with DPIIT under the Build in Bharat initiative to mentor startups and drive innovation.
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.
Government efforts aim to boost local manufacturing, technology, and sustainable mobility, though challenges like high costs and charging infrastructure remain.
India impulsa la fabricación doméstica de semiconductores y vehículos eléctricos con una financiación de 120 millones de dólares y asociaciones para startups, con el objetivo de ser autosuficiente en movilidad eléctrica.