Ministry Of Transport Announces Cancellation Of Preliminary Approval For Electric Vehicle Orders

by THEFUTURE.TEAM

January 5, 2026

Deadline Expired For Order Submissions

The Ministry of Transport, Communications, and Works, Department Of Road Transport, has announced that the submission window for ordering electric vehicles has closed. Beneficiaries who received preliminary approval via email on December 11, 2025, have missed the deadline to post or send their vehicle orders, as outlined in paragraphs 9.3(a) and 10.3(a) of the relevant project guide. Consequently, if no order was posted for new vehicles or received for used models, the preliminary approval has been cancelled due to the missed deadlines (please refer to Appendix 2). This Cancellation will affect all pending applications.

Rescheduling And Reallocation Of Approvals

In response, preliminary approvals will be reissued during the upcoming week to selected applicants from Sponsorship Categories D5, D7, D8, D9, and D10. These approvals will be allocated based on the lottery sequence as specified, and the beneficiaries must adhere to the designated submission timelines provided in the approval message.

Follow THE FUTURE on LinkedIn, Facebook, Instagram, X and Telegram

Detailed Distribution By Sponsorship Categories

For each sponsorship category, preliminary approvals will be sent to applicants within the following lottery positions. The approved candidates must post an order (for new vehicles) or send an order (for used vehicles) within the allotted time frame as detailed in the subsequent approval notification:

Category D5: Lottery positions 381 to 483
Category D7: Lottery positions 41 to 57
Category D8: Lottery positions 41 to 46
Category D9: Lottery positions 51 to 66
Category D10: Lottery positions 11 to 13

Documentation And Submission Deadlines

Applicants are required to submit all specified supporting documents to the Department of Road Transport via email at tomxorigies@rtd.mcw.gov.cy within the time frame stated in the approval message. The guidelines for the required documentation depend on the respective sponsorship category.

Implications Of Inaction

It is imperative that beneficiaries act within the specified deadline. Failure to comply will result in the reallocation of approvals to the next eligible candidates based on the lottery ranking. For further clarity, please refer to Appendices 1 and 2, which provide additional details and visual references of the process.

The Future Forbes Realty Global Properties

India’s AI Impact Summit Draws Global Leaders For Innovation And Investment

by THEFUTURE.TEAM

February 16, 2026

Event Overview

India is fast emerging as a global hub for artificial intelligence innovation. This week’s four-day AI Impact Summit attracts top executives from renowned tech giants such as OpenAI, Anthropic, Nvidia, Microsoft, Google, and Cloudflare, alongside heads of state and venture capitalists. The event is poised to draw approximately 250,000 visitors, underscoring India’s determination to attract additional AI investments.

Industry Titans and Global Visionaries

The summit features leading figures such as Alphabet CEO Sundar Pichai, OpenAI CEO Sam Altman, Anthropic CEO Dario Amodei, Reliance Chairman Mukesh Ambani, and Google DeepMind CEO Demis Hassabis. In a notable highlight, Prime Minister Narendra Modi is set to share the stage with French President Emmanuel Macron on Thursday, reflecting the international significance of the gathering.

Strategic Investments and Pioneering Developments

Several notable initiatives and business moves were highlighted during the summit:

• The Indian government confirmed the allocation of $1.1 billion for a state-supported venture capital fund aimed at strengthening AI and advanced manufacturing startups nationwide.

• OpenAI CEO Sam Altman noted that India is now ChatGPT’s second-largest market, exceeding 100 million weekly active users, with students forming the most active user base.

• Blackstone acquired a majority stake in Indian AI startup Neysa through a $600 million equity round, joined by Teachers’ Venture Growth, TVS Capital, 360 ONE Asset, and Nexus Venture Partners. Neysa is preparing an additional $600 million in debt financing and plans to deploy over 20,000 GPUs to scale operations.

• Bengaluru-based C2i, specializing in power solutions for data centers, secured $15 million in Series A funding led by Peak XV, with participation from Yali Deeptech and TDK Ventures.

• HCL CEO Vineet Nayyar stated that Indian IT companies are expected to prioritize profitability over workforce expansion as AI accelerates industry transformation, a view that comes amid pressure on tech stocks.

• Venture capitalist Vinod Khosla, founder of Khosla Ventures, warned that traditional IT services and BPO sectors could contract sharply within five years due to automation, urging young professionals to pivot toward AI-driven global services.

• AMD announced a partnership with Tata Consultancy Services (TCS) to develop rack-scale AI infrastructure based on its Helios platform.

• Anthropic revealed plans to open its first Indian office in Bengaluru, reinforcing India’s position as its second-largest market after the United States for the Claude AI platform.

Conclusion

The AI Impact Summit not only reinforces India’s burgeoning stature in the tech landscape but also reflects the dynamic interplay of investment, innovation, and strategic industry pivoting. The convergence of global leaders and investors heralds a transformative era, positioning India at the forefront of the AI revolution.

Breaking news