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News Source : Electronics

2021-03-01T03:07:46+05:30

Micromax to launch 1st 5G phone, wireless bluetooth devices by year end
“We are in advanced stages of working on a 5G product along with our partners,” Rahul Sharma told reporters. “There is readiness for 5G phones among Indian consumers and we are seeing good demand.”

5G smartphones top choice of buyers in India: Oppo survey
Youngsters between the age of 18-25 are opting for 5G devices followed by good camera features wherein people above 35 years consider aspects like processor, performance more while deciding, Oppo said.

Xiaomi boosts India phone making capacity by 20%
Xiaomi India MD Manu Jain said the company remains bullish on growth in India despite tensions between India and China on the border and trade front. “The demand for smartphones and smart TVs is robust and we are expanding in both the categories,” Jain told TOI.

Xiaomi's India high command shares next plan, likely price of 5G phones and thoughts on budget smartphones like Jio-Google
In a comprehensive interview, Mi India MD Manu Kumar Jain, COO Muralikrishnan B. and CBO Raghu Reddy give details on the company's PLI road map, how much 5G phones will set you back by when they finally come, and why Jio-Google's coming phone is something of a complicated call.

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.

Intelligent lighting can curb energy wastage and enable smarter living


Smartphone sales to hit record high in January-March quarter: Market research firms
Sales of smartphones crossed 12 million last month, making it the best January in five years and indicating that pent-up demand has not faded in the aftermath of the pandemic. Total smartphone shipments for the first quarter, considered the leanest period in terms of sales, are forecast to be 33-36 million, which would be the highest for Q1 in years, top research firms said.

Chips are down: The case for making India a semiconductor manufacturing hub
As these chips are now an integral part of almost all gadgets and equipment, the ripple effect has affected electronics, consumer durables and almost every other industry.

India visa curbs for Chinese workers hurting Taiwan tech giants
India has been slow to issue visas to Chinese engineers, who are needed to help Taiwanese companies set up factories in the South Asian nation, people with knowledge of the matter said. India is also nudging companies to opt for the more difficult to obtain employment permits, they added, asking not to be identified discussing a private matter.

Apple lobbies for India incentives as it plans iPad assembly: Sources
India launched a $6.7 billion plan to boost smartphone exports last year, as PM Modi stepped up efforts to promote electronics manufacturing and create jobs. Apple, which has steadily raised production of iPhones in India to lessen its dependence on Chinese manufacturing, took part in that scheme via its contract manufacturers.

Goyal invites Singapore to invest in semiconductor manufacturing in India
“We are extremely keen to have more facilities for chips and wafers and semiconductors because India’s total reliance on other countries for semi conductors is not advisable. It is a matter of concern for the country,” Goyal said.

EcoLink to be Rs 500-cr brand in next 3 yrs in home electrical segment: Signify official
Signify is expanding beyond lighting and switches and is entering into the Fans category through EcoLink brand and has plans to add more products to make it a home electrical brand for value-conscious buyers.

Signify Innovations to make India hub for EcoLink brand; forays into electrical equipment
The company, which was the erstwhile Philips Lighting, will scale up the EcoLink brand into other categories from next year. The brand is also sold in Middle East, South Asian countries and some European nations.

TN signs 28 MoUs for Rs 28,053 cr including pact with Tata Electronics for Krishnagiri plant
Tamil Nadu has been working vigorously to attract investment through the pandemic. With the elections around the corner too, analysts believe the Chief Minister Edappadi Palaniswami has been on overdrive to cash in on the goodwill that he has garnered through the handling of the pandemic and promotion of Tamil Nadu as an investment destination.

China's BBK Group overtakes Samsung to become India's largest mobile phone maker
BBK Group’s sales through its two entities in India – Oppo Mobiles India and Vivo Mobile India – increased 65% year-on-year to Rs 63,635 crore, as per filings made to the Registrar of Companies (RoC). Oppo Mobiles undertakes sales of Oppo, Realme and OnePlus brands, said industry executives.

Blue Star aims to double sales from commercial refrigeration segment in the next three years
Blue Star has around 70 per cent market share in the pharmaceutical and healthcare segments with product categories such as modular cold rooms, medical freezers, ultra-low temperature freezers, pharma refrigerators, and blood bank refrigerators.

Right set of policies, incentives to allow India to be a part of global semiconductor industry: Lam Research
“For India to participate in manufacturing, packaging is the first step. If India’s policies are on the right side, it can enable that. Policies need to be there to provide right support. India can do die level packaging to bring value add and to create jobs,” Rangesh Raghavan, Vice President and General Manager of Lam Research India told ET.

Phone maker Nokia to bring 5G to masses in India; eyes more EMS deals in India
“We want to expand this with multiple EMS (electronics manufacturing services) partners, mainly Indian companies. We are evaluating exports from India,” HMD Global vice president Sanmeet Kochhar told ET. “India is an important market both in terms of local demand and sourcing capabilities.”

Samsung's Bengaluru R&D centre to explore multi-device intelligence, beyond 5G
Over the years, it has grown into an advanced R&D centre for Samsung globally, with excellence in wireless communications, multimedia and image processing, artificial intelligence in vision, voice and text technologies and Internet of Things (IoT), a company statement said on Wednesday.

Basic Customs Duty on mobile phone components to spur localisation
Sandeep Narula, Chairman of ESC said: "The imposition of customs duty is designed to make India a strong assembling hub, and will considerably cut down the component imports, which form a significant percentage of the local manufacturing/ assembly including in the case of mobile phones, thereby enhancing foreign exchange retention."

Wi-Fi 6: HFCL, Qualcomm team up to make in India for the world
"We are working with Qualcomm for the development of Wi-Fi 6 products which is next generation of Wi-Fi, and compatible and complementary to 5G networks," Mahendra Nahata, managing director of HFCL Limited told ET, adding that the company is eyeing to increase its Wi-Fi segment revenue up to threefold to Rs 450 crore in next three years.

Bengaluru: Two months after violence, Wistron set to restart operations
Wistron has indicated it would soon restart operations at its Narasapura facility about two months after the unit was ransacked by employees over non-payment of wages, reports Shilpa Phadnis. The facility, 60km from Bengaluru, is a major assembler of iPhones. Wistron had committed to investing Rs 3,000 crore in it.

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.

Budget to help resolve payment issues of equipment makers: IEEMA
There will a number of other positive outcomes of the announcements made with respect to the power sector in the Budget, Anil Saboo, the President of the Indian Electrical & Electronics Manufacturers' Association (IEEMA) told.

Handset makers want proposed duty on components rolled back
They have argued that the tariff will hurt the plans of global value supply chains looking to shift to India and domestic device makers alike. It will also threaten investment and production targets set under the Production-linked Incentive (PLI) scheme, they said.

Smartphone demand is now back to pre-Covid level in India: Realme India CEO Madhav Sheth
The Indian market has sold around 150 million smartphones in calendar 2020. Sheth said supply issues of components have stabilized and production too has reached pre-Covid levels.

Greater Noida authority allots 12-acre industrial plot at Rs 40 crore
The authority has allotted 20 industrial plots in January 2022, which will attract investment of Rs 430 crore and provide employment to 3000.

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.

Proposed duty levy on components to hit Indian handset makers most: Industry
The government has proposed that with effect from April 1, BCD on import of printed circuit board assembly (PCBA), camera modules and connectors should be raised to 2.5%. For PCBA and moulded plastic for manufacture of charger or adapter, duty should go up from the existing 10% to 15%. Whereas, other inputs and parts of chargers will attract 10% duty, from nil earlier.

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

Mobile phone prices to rise marginally after import duty levy on some parts
The mobile phone industry has sought maintaining the status quo from the government and thus a reversal of the hike in customs duty.

Import duty on some sub-parts of phones, chargers raised to 2.5%
“For greater value addition we are withdrawing a few exemptions on parts of chargers and sub-parts of mobiles. Further, some parts of mobile will move from nil rate to a moderate 2.5%,” finance minister Nirmala Sitharaman said during the budget speech.

Fire TV users double content consumption in 2020; cricket, games, music driving growth: Amazon
Over half of Mirzapur season 2 viewers finished watching the show within 48 hours of its release, Disney+ Hotstar viewership increased 50 per cent during IPL 2020 and Amazon Prime Music streaming grew more than 35 per cent on Fire TV devices, according to the report.

Government proposal of Rs 7,000 cr PLI for IT hardware insignificant; at least Rs 20,000 cr needed: MAIT
The Manufacturers' Association of Information Technology (MAIT), whose members include Apple, Dell, HP and Lenovo, wants the government to address various disabilities that the sector faces including improvement in export infrastructure to support growth under the PLI scheme.

Taiwan’s Pegatron, Tata Electronics to invest in Tamil Nadu to make phones, parts
Tata Electronics will invest Rs 5,763 crore ($790 million) for making mobile phone components and Pegatron will invest Rs 1,100 crore to make mobile phones as part of its phase I investment, the Tamil Nadu government said in a statement Friday.

Titan appoints L&T’s Ashok Kumar Sonthalia as its new CFO
In the second quarter ended September, Titan Company reported an 1.8% increase in net profit to Rs 320 crore. The maker of watches, jewellery, eyewear and apparel had reported a 0.6% increase in revenue to Rs. 4435 crore.

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.

150 million units shipped: Smartphone market contracts 4% in 2020
Although the top five brands remained resilient, others including Apple, OnePlus, Poco, Transsion group (Itel, Infinix and Tecno) and Micromax recorded their best-ever quarters.

Smartphone market down just 4% in 2020 on higher demand in second half of the year
​Xiaomi recaptured the number one spot with 26% share in the October-December quarter, followed by Samsung’s 20%, Vivo’s 15%, Realme’s 11% and Oppo’s 10% share.

Dixon Technologies arm inks deal with HMD India for manufacturing Nokia smartphones
"Dixon's wholly-owned subsidiary - Padget Electronics, has entered into an agreement with HMD India for manufacturing of Nokia smartphones. The smartphones will be manufactured at Padget's manufacturing facility situated at Noida, Uttar Pradesh," the company said in a regulatory filing.

Chinese smartphone companies find going tough in fintech space
Xiaomi, Oppo and Realme, which launched their fintech apps Mi Pay and Mi Credit, Oppo Kash and Realme PaySa, respectively, at the start of 2020 have so far seen fewer than 1 million downloads each on Google Play Store against their user base of 20-100 million.

5G yet to roll out, but users are buying future-ready 5G devices: Tasleem Arif, OPPO India
Recently OPPO launched the Reno5 Pro 5G. This device is the first 5G product in India with the Taiwanese chipmaker MediaTek’s Dimensity 1000+ chipset. “The device brings with it the next level of videography experience, supporting videos in low light and even night-time conditions, besides other features,” says Arif in an e-mail interview.

Components shortage hits launch plans of domestic phone makers
The supply constraints, which started in mid-2020, have driven up prices sharply of key components such as displays, which is making it difficult for brands to manage bill of materials, especially for sub- Rs 10,000 phones.

Pegatron raises authorised share capital of India unit to Rs 1,100 crore
The members of the India subsidiary have consented to increase the share capital from Rs 5.5 crore to Rs 1,100 crore on December 21, 2020, according to the latest regulatory filings accessed by business intelligence platform Tofler.

India 5G smartphone shipment to touch 38 million units in 2021: Counterpoint
"Q1 2020 witnessed the first 5G smartphone launch in India. However, high prices and non-availability of 5G networks ensured slow pick-up in 5G smartphone sales. Things started changing after the launch of the mid-priced OnePlus Nord in August 2020," the report said.

Electronics companies seek 2-4% rate on key exports
​​ ICEA estimates that its proposed RoDTEP rates will deliver an annual incentive of close to Rs ​​120 crore, based on remission of big-ticket items such as indirect taxes on transport and power, and embedded taxes on inputs.

Electronics makers propose 2-4% sops on exports under RoDTEP scheme
The India Cellular and Electronics Association (ICEA), has calculated a RoDTEP rate of 2% on smartphones, 2.4% on featurephones, 2% on tablets/laptops, 3.4% on battery chargers and 1.48% on battery packs.

China's Oppo set to expand Hyderabad facility by making huge R&D investments
Asked if Oppo was planning to expand R&D in Bengaluru, Oppo India said that the expansion is still under consideration but the company first wants to fully utilise the Hyderabad facility.

Oppo India in process to file 80 patents, enhance focus on 5G
OPPO India vice-president and research and development head Tasleem Arif said that setting up of a 5G lab in the country has reduced the company's dependency on headquarters and other centres of the smart devices firm.






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