Infotech & Electronics News :
News Source : Electronics
Covid-19: Signify sees a ray of hope in ultraviolet light-based products
The UV-C disinfection system is designed and manufactured in India and will be available here first, followed by Latin American countries and Europe. The light source in the system has been tested in Boston University for its effectiveness in inactivating the virus that causes covid-19.
Acer India appoints Sudhir Goel as chief business officer
Sudhir Goel has been instrumental in establishing the firm’s manufacturing facility at Pondicherry. He later took on the portfolio of chief supply chain officer, handling complete supply chain - operations, procurement, material planning and manufacturing functions.
95% appliances now made in India; dependence on China for components not to go down soon: CEAMA
Consumer Electronics and Appliances Manufacturers Association (CEAMA) said even before the call to boycott Chinese products, various companies had already started to look for alternative sources due to disruptions of supplies following the coronavirus-induced lockdown in China.
Chinese sold electronics worth Rs 1.4 lakh crore in India in 2019
Chinese companies registered sales of nearly Rs 1.4 lakh crore in the Indian electronics market last year.
Thomson brand licensee Super Plastronics to invest Rs 1,000 crore in 5 years
As part of its strategy, the company said it would continue to focus on the affordability with aggressive pricing and harness the potentials of e-commerce channels. "We would be investing Rs 1,000 crore in the next five years to create facilities for production and product expansion," SPPL Chief Executive Officer Avneet Singh Marwah told .
'Boycott China' trending online but little impact on consumer products sales
One of the senior leaders at a smartphone company, who did not wish to be named, said there is pent up demand for phones because people are working and studying from home amid the COVID-19 pandemic, and many firms have had to resort to expensive imports to meet the spurt in demand.
Chinese brands, endorsers may go slow on promotions; some pull out ads, some plan to play up make-in-India credentials
Chinese brands and celebrities endorsing them run the risk of the anti-China sentiment if they go all out to promote brands in the prevailing environment, executives at celebrity management companies said. But abruptly terminating contracts that run into crores is not the solution, they said.
Chinese smartphone, electronic companies issues advisories for Chinese expat
A top three smartphone maker has asked all Chinese employees and their families, including Indians married to Chinese, to be extremely careful in going out at public places and inform their organisation immediately in case they face any crisis.
India will need more firepower to counter Dragon country's dominance on electronics
It will take years for India to build a viable hardware manufacturing ecosystem.
Panasonic partners Benow to take offline retail stores online
Companies like Samsung have also partnered with Benow to take its mobile phone and electronics retailers online, while Xiaomi and Vivo too have rolled out initiatives to extend their offline stores to online.
Atmanirbhar Bharat: Samsung and OnePlus to manufacture most TV sets in India
This comes within days of Centre’s ‘Atmanirbhar Bharat’ initiative where it wants all companies to set-up local production and supply-chain. The country’s largest television brand Samsung will now make in India almost 85-90% of the televisions they sell in the country.
Domestic component manufacturers petition govt for favourable norms in mega incentive scheme
They have argued that since the threshold for investment has been kept at Rs 100 crore, which is the same for local as well as foreign companies, it may be difficult for Indian component manufacturers to commit investments of this magnitude.
Electronic manufacturers ask government to relax rule on production volume for incentives
Companies including mobile manufacturers have argued that given the global economic crisis unleashed by the covid, there has been a sharp drop in the global as well as domestic demand. This means that company’s production out of their newly set up Indian units this year will be lesser than the last fiscal, which will make them lose out on incentives.
Electronics goods companies bank on imports to meet demand
In import-dependent categories such as laptops and dishwashers, where sales have surged manifold, companies have expanded imports two-four times in the past few weeks. The main reasons are non-availability of migrant labour, closure of plants due to coronavirus infections and the inability to scale up production due to distancing norms within plants.
OnePlus eyes smart TV mass segment in India
China’s OnePlus, positioned as a premium player, is changing its strategy and preparing to enter the mass segment in smart TVs and smartphones, taking on Xiaomi, Realme, TCL and VU.
Early signs of recovery are encouraging: Manish Sharma, Panasonic
We anticipate a change in buying behaviour as consumers will be extra cautious and, will shift to online purchase from either e-commerce platforms or short visits to the offline retailers post online research to pick up the product of choice, says Manish Sharma.
Panasonic Life has revamped business plan to recapture growth, says MD Vivek Sharma
The unlisted company had recorded revenues of Rs 3415 crore for the year with a profit of Rs 615 crore in 2018-19. It’s 2019-20 revenues are likely to be around 1% less than 2018-19 numbers according to Sharma.
Philips to invest Rs 300 crore in India manufacturing, R&D
“Even as we work through the current crisis, we are focused on the future and are investing towards it,” Daniel Mazon, vice chairman and managing director for Indian subcontinent at Philips India, told ET.
Dishwashers, refrigerators, trimmers, large screen TVs becoming preferred appliances
Many companies, including Samsung, Panasonic, Sony, Whirlpool of India and BSH Home appliances, in the country are getting enquiries from people confined in their homes about such products.
Samsung resumes limited operations at Noida plant
South Korean electronics giant Samsung has resumed limited manufacturing operations at its Noida plant and will scale up the production gradually, a company official said on Friday.