India's AI ambitions get boost from nearly $80 billion Big Tech investments

India's AI ambitions get boost from nearly $80 billion Big Tech investments. (IANS Photo)

New Delhi, (IANS): India’s ambitions to emerge as a global artificial intelligence (AI) powerhouse are receiving a major boost as global technology giants have committed nearly $80 billion towards AI and cloud infrastructure in the country over the next few years, strengthening its position as a key innovation and digital infrastructure hub, a report has said.

The latest push came after Amazon CEO Andy Jassy announced an additional $13 billion investment in AI and cloud infrastructure in India by 2030, taking the company's total planned investment in the country to $48 billion over the next five years, according to an analysis by One World Outlook.

The report further highlighted that the fresh commitment includes more than $21 billion earmarked for expanding AI and cloud infrastructure.

In addition, the investment adds to similar commitments by other global technology companies.

Microsoft has announced $17.5 billion in investments towards AI and cloud infrastructure in India through 2029, while Google has committed $15 billion over five years to establish its first AI hub in Visakhapatnam, it added.

Together, these investments amount to nearly $80 billion, reflecting growing confidence among global technology firms in India's AI ecosystem.

This momentum to a combination of government policy support, a large technology talent pool, expanding digital infrastructure and a rapidly growing domestic market, the report said.

The government's IndiaAI Mission -- launched with a budget of about $1.25 billion -- aims to build a comprehensive AI ecosystem by supporting computing infrastructure, indigenous AI models, datasets, startups, skilling and responsible AI development, it added.

The government has also operationalised a $12 billion Research, Development and Innovation (RDI) Fund to promote private sector investment in emerging technologies such as AI, semiconductors, biotechnology and quantum computing.

Meanwhile, India is witnessing rapid expansion in digital infrastructure.

As per industry estimates, AI funding in India rose 58 per cent year-on-year in 2025, according to the report.It further noted that with over 1.5 million engineering graduates entering the workforce annually and a large digital consumer base, India is increasingly being viewed as a preferred destination for developing and deploying AI applications at scale. India's AI ambitions get boost from nearly $80 billion Big Tech investments | MorungExpress | morungexpress.com

Read More........ → July 17, 2026

Tata Motors targets 1.2 million annual PV sales by FY30, plans Rs 40,000 crore investment

Tata Motors targets 1.2 million annual PV sales by FY30, plans Rs 40,000 crore investment. (IANS File Photo)

New Delhi, July 8 (IANS): Tata Motors on Wednesday unveiled an ambitious five-year roadmap for its passenger vehicle business, targeting annual sales of more than 1.2 million units by FY30, a 20 per cent share of the domestic passenger vehicle market and revenues of Rs 1.4 lakh crore, backed by investments of nearly Rs 40,000 crore in products and manufacturing.

Speaking at the company's 81st annual general meeting held virtually on Wednesday, Tata Motors Chairman Natarajan Chandrasekaran said the automaker aims to achieve a tenfold increase in passenger vehicle volumes over the decade from FY20 to FY30.

"Looking ahead in the next five years, the company has a big ambition. Basically, the decade between FY20 and FY30, the company wants to achieve a 10x growth in volumes with an ambition of 1.2 million plus vehicles and achieve a market share of 20 per cent from the current 14.2 per cent," Chandrasekaran said.

The company plans to strengthen its product portfolio with six new nameplates and more than 20 product refreshes over the next five years, while focusing on improving profitability. It is targeting double-digit EBITDA margins, with electric vehicles expected to contribute more than 30 per cent of its passenger vehicle sales volumes by the end of the decade.

Managing Director and CEO Shailesh Chandra said the passenger vehicle business is aiming to achieve revenues of Rs 1.4 lakh crore by FY31, supported by double-digit EBITDA margins and an EBIT margin of more than 5 per cent.

"By FY31 TMPV aspires to Rs 140,000 crore revenues, double-digit EBITDA margins and over 5 per cent EBIT margin, driving PBT to over five times the current level," Chandra said.He added that the company's growth strategy will be supported by investments of around Rs 40,000 crore in new products and manufacturing capacity, while also targeting free cash flows of Rs 10,000 crore. Tata Motors targets 1.2 million annual PV sales by FY30, plans Rs 40,000 crore investment | MorungExpress | morungexpress.com

Read More........ → July 09, 2026

Hyundai Motor India set to raise car prices by up to Rs 12,800 from June

IANS Photo

New Delhi, (IANS): Hyundai Motor India on Wednesday said it will increase prices of its vehicles by up to Rs 12,800 from June, citing rising input costs, higher commodity prices and increased operational expenses.

The company said the extent of the price increase will vary depending on the model and variant.

"In continuation to our earlier letter dated April 08, 2026, submitted in respect of price increase on Hyundai cars, considering the prevailing market conditions and to ensure balanced approach towards customer interest, we would like to inform that the new prices will now be made effective from June 1, 2026," the company said in a regulatory filing.

The automaker said the price increase has been necessitated due to rising input costs, increased commodity prices and higher operational expenses, among other reasons.

While the company continues to optimise costs and minimise the impact on customers, it is constrained to pass on a part of the increased costs to the market through the “nominal” price hike, the filing added.

The revised prices will come into effect from June 1 across Hyundai’s model range, the company said.

Earlier, another leading automobile firm, Maruti Suzuki India, announced a price hike of up to Rs 30,000 with effect from the same month.

"In view of the sustained increase in input costs, the company has decided to increase the prices of its models across its portfolio by up to Rs 30,000 with effect from June 2026," it said in its regulatory filing.

In addition, Mahindra and Mahindra (M&M) had increased prices for its SUV and commercial vehicles in April.

Shares of Hyundai Motor India on Wednesday traded more than 2 per cent higher at Rs 1928.20. Hyundai Motor India set to raise car prices by up to Rs 12,800 from June | MorungExpress | morungexpress.com

Read More........ → June 22, 2026