CONSUMER ELECTRONICS
Dixon’s revenue and stock soared in 2020, but can it become the Foxconn of India?
It is unlikely that even if Vachani had a long-term vision, he would have foreseen the kind of hell for leather streak the electronics manufacturing services provider has seen this financial year, in the midst of a pandemic.
India wearables market grows 144% to 36.4 million units in 2020; 3rd largest globally: IDC
October-December 2020 period was the biggest quart...
Locked-down Indians splurged on premium electronics in 2020: Gfk
Despite financial stress last year, average selling prices of items like sma...
India's electronic makers gear up for a blockbuster launch season
LG, Samsung, Xiaomi, Panasonic, Realme, Vivo and Godrej Appliances are all planning one of the highest numbers of new model launches this year, company and industry executives said.
LED lighting product makers to approach govt over custom duty hike on parts; prices to rise 5-10%
Prices of LED lighting products, including bulbs, may go up by 5-10 per cent as the government is going to raise customs duty on the imported components used for their manufacturing, and the domestic makers are approaching the government to address the issue urgently.
Japanese electronics companies continue to lose ground in India to South Korean & Chinese rivals
Sony India’s sales dropped for the fifth year in a row in FY20, while that of Panasonic fell for the third straight year, as per regulatory filings made to the Registrar of Companies.
Electronics giants make India hub for exports
These global companies in India were only exporting to smaller emerging markets such as the SAARC, Middle East, South Asian, African and Latin American nations till now, while the government had been trying to make India self-reliant in production for both the domestic and global markets.
Budget will increase rural consumption, boost economy: India Inc
The enhanced capital expenditure, particularly on infrastructure, will create livelihoods and provide an accelerated thrust to the V-shaped recovery trajectory, said Sanjiv Puri, chairman and MD, ITC Ltd
Veteran consumer electronics professional Ravinder Zutshi joins Havells
Zutshi, who was one of the first few employees at Samsung India and eventually became the deputy managing director till his retirement there in 2014, was engaged with Havells since it acquired the white goods brand Lloyd.
Dixon Tech to set up factory in south for ICT hardware
The home-grown electronics manufacturing services (EMS) player, which already produces smart TVs, LED lighting, washing machines and mobile phones, has zeroed in on a factory down south as part of the expansion plan.
MAIT says Wistron vandalism has potential to dent India's image
A large number of workers of the facility went on a rampage destroying office equipment, vehicles, machines, costly gadgets and glass cabins allegedly over salary issues.
Electronics design firm Syrma to merge with SGS Tekniks to create Rs 1,200-cr entity
"The current revenue of Syrma is over Rs 550 crore, post the merger we will have a combined revenue of Rs 1000 crore," said Sandeep Tandon, Managing Director, Syrma Technology. "We are projecting growth between 25% to 30% year-on-year and by 2021 we aim to achieve Rs 1200 crore in revenue."
Samsung India reports record 32% growth in October for electronics business
Samsung India senior vice president (consumer electronics business) Raju Pullan said the company has grown by 32% in October as compared to same period last year, while the sales of premium products have grown by 50%.
Electronic goods continue to fly off ecommerce shelves
Consumer electronics sales across categories such as smartphones, laptops, televisions, refrigerators and washing machines through e-commerce platforms grew by as much as 17 percentage points, as consumers opted for online purchases and kept away from physical stores even after the lockdown was lifted in most parts of the country.
