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News Source : Electronics


Duty on LED panels could go to keep 'Make in India' on big screen
Govt is contemplating removing the 5% duty as it has been a blotch on efforts to encourage make in India.

Government prohibits imports of unregistered, non-complaint electronics and IT goods
Under the Electronics and IT Goods (Requirement of Compulsory Registration) order 2012, imports of these goods is allowed through the registration with the BIS or on specific exemption letter from the ministry of IT and electronics (MeitY).

Hero Electronix forays into consumer tech, to launch 10 products in 5 yrs
The company, which is showcasing the first of these products at the CES 2019 (Consumer Electronics Show) in Las Vegas, said it has partnered with global technology giants like Amazon and Qualcomm.

LG to step up its game to stay no. 1 in white goods
LG said it will continue to focus on all business segments to maintain its market leadership.

Xiaomi TVs cheaper by up to Rs 2000
Xiaomi said its 32-inch Mi LED Smart TV 4A will be cheaper by Rs 1,500 and the 32-inch Mi LED TV 4C PRO will cost Rs 2,000 less.

TCL to invest Rs 2,200 crore, employ 8,000 individuals in Andhra Pradesh
Huizhou-based electronics company produces display panels for television sets as well as mobile phones and Mi-Fi devices.

Xiaomi to enter white goods space in India
Xiaomi officials are currently identifying potential categories, including ACs, fridges, for the Indian market.

TCL initiates construction of it's largest manufacturing base outside China in Tirupati
This will be TCL's largest manufacturing base outside China and will build localized manufacturing capabilities as part of its long-term strategy in the country as part of 'Make in India'.

Offline retailers seek price parity with ecommerce marketplaces, threaten to stop stocking goods
Brick-and-mortar stores allege that companies are either offering better prices to online platforms or not curbing supplies to them.

LG Electronics India’s ex-marketing head Niladri Datta joins IFB Appliances
When contacted, Datta confirmed his appointment at IFB. But he declined to share further details on his new role.

OnePlus may launch TV in India in 2020: CEO Pete Lau
The company's founder and CEO Pete Lau shared that even as the company hasn't set any deadline for launching TVs in the country, one can expect it in 2020 .

Luminous Power extends contract with Sachin Tendulkar by five years
Vipul Sabharwal, managing director of Luminous Power Technologies, refused to share the financial details of the contract, but said Tendulkar will give two days every year for the commercial campaigns.

Panasonic India slips back into red in FY18
Panasonic India, reported net loss of Rs 131.8 crore in 2017-18, compared with a net profit of Rs 72.2 crore in FY17, it reported to the Registrar of Companies.

Croma posts first net profit after 12 years of operation
The retail chain’s total income in FY18 went up by 15% to Rs 3813.74 crore while Infiniti Retail said its same store sales were higher by 13.1% in 2017-18, compared with the previous period.

Bosch to invest 100 million euros in next 3-4 yrs in India
Bosch said it is expanding its product portfolio in India by providing localised offerings to tap the fast growing home appliances market in the country.

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