Air purifier sales see up to 60% spike on rising air pollution
Air purifier makers like Philips, Blueair, Panasonic, Eureka, Forbes, Sharp, Xiomi and Blue Star reported high double-digit jump in sales. Besides Delhi-National Capital Region (NCR), the companies also saw higher demand from tier-II cities like Lucknow and Kanpur.
Why Sony and Panasonic are struggling to sell in India
Industry watchers attribute it to their weakening brand pull among younger customers and premium pricing vis a vis Chinese rivals such as Xiaomi and TCL, particularly at a time when Indian consumers are cutting down on consumer spending. The Korean duo of LG and Samsung have so far resisted the Chinese onslaught by dropping prices.
End of an era as Japan's Panasonic exits chip business
Japanese electronics giant Panasonic said Thursday it was exiting the semiconductor business, selling its loss-making subsidiary to a Taiwanese firm as it struggles with intense competition from China and South Korea.
Panasonic India revenue dips 10% in FY19; company to enter IT infrastructure management
As per Panasonic India’s latest regulatory filings with the Registrar of Companies (RoC) accessed through business intelligence platform Veratech Intelligence, revenue from operation dropped 10.6% year on year in 2018-19 at Rs 4,758.62 crore, while its net loss more than tripled at Rs 459.58 crore against Rs 131.88 crore in FY18.
Haier makes a Rs 775 crore bet on Indian arm
The infusion came after the local subsidiary, Haier Appliances India, more than doubled its authorised share capital to Rs 4,000 crore from Rs 1,900 crore, as per the latest regulatory filings made with the Registrar of Companies (RoC).
Korean teen wins Panasonic Open
17-year old Korean sensation Joohyung Kim won the Panasonic Open held in Nuh, Haryana where he defeated Indian golfer Shiv Kapur. Kim fired a seven-under-65 to bag the top honours with a total of 13-under-203. Kapur and Chikkarangappa (67) ended with a total of 12-under 204 at the Classic Golf and Country Club here.
Air purifiers’ seasonal sales fox manufacturers
Manufacturers and retailers say the season begins after Diwali and peaks when pollution is in the headlines in newspapers and television. Once these fade, sales subside. The market is worth Rs 200-230 crore, growing at about 15-20% annually, with over 50 brands jostling for business, making this one of the most populated electronics categories in the country.
Panasonic Lumix S1H with full-frame, mirror-less camera comes to India
The camera is expected to come with 6K video capability.
Consumer electronic companies to step up investment
Companies like LG, Dixon and Super Plastronics also indicated that they will expand their investment for manufacturing capacity and add newer categories for production.
'Zero duty on open cell TV panels only till September 2020'
India imports finished open cell panels, which are used in making the LED panels, since there is no panel manufacturing facility in the country.
TV makers hail scrapping of duty on open cell panel, manufacturing cost to go down by 3%
The announcement has come just ahead of the festive season sales and would positively impact the sales of LED TV panels.
TV panel sales dip; manufacturers ask government to lower GST
Manufacturers are attributing the fall in demand to overall low consumer sentiments, as sales of other home appliances like washing machine and refrigerators have also witnessed flat growth in July.
TV prices not to go down in festive season due to duty cut on component
The finance ministry on Tuesday late night issued a notification to scrap import duty on open cell LED panel used in televisions from 5% to zero.
CEOs take a dive to reach consumers
Consumption slump prompts bosses to try out unique means to connect with buyers.
Retailers have less in stock for festivals amid poor sentiment
Retailers have scaled down inventories up to 30% anticipating poor sentiment hitting festive season sales.
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