Infotech & Electronics News :
News Source : Electronics
Imports of 230 electronics products, mostly China made, delayed pending quality clearances
According to data from the Bureau of Indian Standards (BIS), some of the applications for import of these models being manufactured in China are pending even from September.
India TWS market grows 723 pc to 6 mn units in Q3 2020: Counterpoint
The growth was led by Boat, which cornered 18 per cent market share. This was followed by Xiaomi (16 per cent), Realme (12 per cent), JBL (8 per cent) and Apple (6 per cent).
India import hurdles hit Apple iPhone, Xiaomi devices from China: Sources
BIS started delaying approvals in August for China-made imports of devices like smartphones, smartwatches and laptops, part of the fallout from deteriorating ties with China after a border clash in June that left 20 Indian soldiers dead.
Xiaomi sees huge potential in India over five years due to high feature phone base, says CEO
Addressing analysts during the company’s July-September quarter earnings call on Tuesday, Xiaomi's Chairman and CEO Lei Jun said the Indian smartphone market is about 130-50 million units every year with another 150 million feature phones.
Post-Diwali sales drop leaves smartphone companies with mixed feelings
Smartphone sales likely fell as much as 25% in November and may decline further in December, according to Counterpoint Technology Market Research. Month-on-month sales usually fall right after Diwali, but the downside this year could be sharper given that peak demand in the lead-up to the festival was the highest, analysts said.
Smartphone demand slumps 20-25% since Diwali
Market Intelligence firm Counterpoint is estimating a 20-25% drop in November and further decline in December. Month-on-month sales is usually down straight after Diwali, but the downside this year could be sharper given that peak demand in the lead up to the festival was the highest ever, analysts say.
Panasonic sales in FY20 fall in India for third year in a row
Panasonic India’s revenue fell 9% to Rs 4,338 crore in FY20 from a year earlier, while net loss widened to Rs 490 crore, according to the latest regulatory filings with the Registrar of Companies. The company’s revenue touched a peak of Rs 5,590 crore in 2016-17, when it was profitable, too.
Counterfeit products worth Rs 33.3 lakh seized in Bengaluru, Chennai, says Xiaomi India
As a part of the company's proactive anti-counterfeit programme, a complaint was filed with the local police station, and raids were conducted in the market in the months of October and November, a statement said.
India's mobile phone exports may touch a record $1.5 billion in 2020: Study
According to research firm TechArc, a total of 12.8 million mobile phones were exported from India from January to September 2020.
Apple supplier Pegatron board okays initial $150 million investment in India: Report
Pegatron’s factory in India is expected to start production in the second half of next year or in early 2022 and the company plans to make more investments in India over the next two years, CEO Liao Syh-jang had said in an investor conference last week.
Realme 7 5G smartphone with quad rear cameras launched
The Realme 7 5G will retail for 279 pounds in its base 6/128GB trim but a limited Black Friday offer will shave off 50 pounds, bringing the price down to 229 pounds between November 27 to November 30, reports GSMArena.
Handset output catching up with FY20 levels: Companies
Handset manufacturing body India Cellular and Electronics Association (ICEA), which was estimating a de-growth of 10-15% in manufacturing output, has now revised its forecast to catch up to FY20 production level due to the stellar sales of smartphones in the festive season.
Xiaomi clocks 8.3% growth during festive season, sells over 13 million devices in India
Newly-launched products like Mi Watch Revolve and Mi Smart Speaker were amongst the top favourites for consumers, while Mi Box 4k and Mi TV Stick continued to be the top selling streaming devices across Amazon and Flipkart, the company said in a statement.
Honor smartphone brand needs to invest significantly in India under new management: Analysts
The brand was previously aiming to onboard 5000 mobile applications that are frequently used in India to its HMS or AppGallery, which is now available through its latest Honor 9X Pro smartphone.
Five Android phones that come with 8GB of RAM and are priced under Rs 25000
Samsung's Galaxy M-series' latest addition - the Galaxy M31s - takes the affordable smartphone line-up to a new high, both in terms of price and experience.
Handset makers may hire around 50,000 people by March 2021, driven by PLI scheme
Recruiters say the blue collared workforce returning to the cities and the push for diversity, has mobile makers set up hiring mandates with assurance of safe workplaces amidst Covid-19 outbreak.
Realme sees 20% growth during festive season, sells 8.3mn smartphones in India
Realme sold 8.3 million units during this year's festive season (about 45 days) with 20 per cent growth compared to the festive season last year.
India has $100 billion opportunity via local manufacturing of laptops, tablets: Report
“By making in India for the world and obtain a sizable share of the global market will give us a manufacturing value of US$ 100 billion by 2025,” said Pankaj Mohindroo, chairman, India Cellular & Electronics Association (ICEA).
Our offline business has already doubled versus pre-Diwali period: Manu Jain, MD at Xiaomi India
"Last year was the best year for us. And this year, we have seen 15-20% growth over last year during Diwali sales. There was a huge surge in online sales across platforms. Slowly and gradually offline is also picking up," said Manu Jain.
Sales of budget, premium smartphones soar in festive season, mid-segment takes a hit
Phones priced below $200 (around Rs15,000) accounted for 84% of total sales in the April-September period - the highest share in the last 10 quarters - compared with 76% in the pre-Covid March quarter, as per data from research firm International Data Corporation (IDC), India.
Smartphone brands see record Diwali sales, but smaller offline retailers left in the lurch
Even though the business has grown marginally or remained flat for organised retail chains, individual retailers, close to 1.5 lakh, have witnessed degrowth of 10-20% in Diwali sales over last year. Retailers say, while customers are still wary of shopping outside, the major reason for poor sales is non availability of stocks from major brands.
Smart speakers shipment in India likely to cross 7.5 lakh units in 2020, Amazon Echo leads: Report
Amazon Echo led the smart speaker market with 91 per cent share in July-September 2020. It was followed by Xiaomi with 7 per cent share and Google with 2 per cent share, the report said.
Huge demand for electronic goods, smartphones lights up festive sales
Electronics retailers said the actual sales could have been much better for categories like televisions, kitchen appliances and laptops, where the shortage was felt the most. However, consumers have uptraded with average billing value rising 15-20% over last year, led by larger contributions of premium products.
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."
India PC market clocks 9.2% growth to 3.4 million units in September quarter: IDC
"(About) 3.4 million units (were) shipped during the quarter, as the demand for e-learning and remote working remained strong, resulting in Q3 2020 being the biggest quarter in the last seven years in India," IDC said on Tuesday.
Pegatron's India plans unlikely to be hit by Apple probation
Pegatron, which is Taiwan’s second-largest contract manufacturer after Hon Hai Precision Industry, better known as Foxconn Technology Group, makes notebooks, desktops, motherboards, tablet devices, game consoles, LCD TVs, multimedia players, smartphones, broadband and networking devices.
Blue Star bags Rs 128 crore order from Taiwan-based Wistron Infocomm
In a regulatory filing, Blue Star said it has won an "order from Wistron Infocomm valued at Rs 128 crore, for MEP works for their factory expansion project. Currently, this order is one of the largest and fast-track projects, being executed by Blue Star in the factories segment".
Vivo committed to 'Make in India' plan, making new smartphone V20 SE in India
The company will make its new smartphone V20 SE in Greater Noida, continuing Vivo's commitment to 'Make in India' so that it can be ensured that all Vivo phones sold in India are made by Indians only, Vivo India director Nipun Marya said in a statement.
Apple India logs 29% rise in revenue at Rs 13,756 cr in FY20
The iPhone maker recorded a net profit of Rs 926.2 crore in FY20 in India, as against Rs 262.27 crore in the preceding fiscal, the documents showed. Apple did not respond to an emailed query.
LG launches 'W' series smartphones starting from Rs 9,490
The smartphone is accompanied by a dual-rear camera setup consisting of a 13MP primary camera and a 2MP super wide-angle lens.
Vivo India to raise localisation level to 40% by 2021
The government in the recent past increased import duty on accessories and components of mobile phones like motherboards, panels and touchpads by about 10 per cent to promote local manufacturing.
India's smartphone market grows 17% with record shipments in Sept quarter: IDC
However, the India smartphone market is expected to see a low single-digit year-on-year decline after several years of annual growth, impacted by the challenging first half of the year, IDC said in its report.
Xiaomi logs 15-20% rise in smartphone sales in 1st phase of festive sale, unveils 'Mi Smart Upgrade'
The company, which competes against the likes of Samsung, Vivo and Oppo in the hypercompetitive Indian smartphone market, has also unveiled a new 'Mi Smart Upgrade' programme that will offer Xiaomi phone users up to 70 per cent of the value on their old device when they upgrade to newer Redmi or Mi smartphones.
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%.
Apple recorded highest ever shipments in July-Sep, on track for best year yet: CMR
“It saw its highest quarterly shipments and captured 7th position in the top ten leaderboard on the back of the good demand for iPhone SE 2020 and iPhone 11,” the research firm said in its report.
Leading electronic brands record highest monthly sales in India during October
Apple, Samsung, Lenovo and Whirlpool recently reported globally that there was an upswing in the Indian market in the July-September quarter, with consumer demand recovering after the prolonged Covid-19 lockdown in the previous April-June quarter, which impacted sales.
OnePlus unveils global largest Experience Store in Hyderabad
Spread across 16,000 sq.ft,the experience store "OnePlus Nizam Palace" also includes a large customer service center with dedicated glass cubicles for customers to meet and consult service executives, thus ensuring transparency in the service provided, a company press release said.
Micromax sees 10% sales volume coming from own digital platform by fiscal-end
"The intent is to drive at least 10 per cent of the overall volumes from this platform by the end this financial year," Micromax co-founder Rahul Sharma told .
Hero Electronix’s Tessolve elevates co-founder Srinivas Chinamilli as CEO
“Srini has been a key member of the founding team and has been instrumental in developing Tessolve’s organization and business. Srini brings deep business acumen to his new role as CEO and is the ideal leader to drive Tessolve to greater successes in the future,” said Suman Kant Munjal, chairman, Tessolve Semiconductors.
Smartphone shipments in 2H 2020 likely to be highest since 2017: Market trackers
Pent up consumer demand post-lockdown and emergence of new use cases such as homeschooling needs are the primary factors for the stellar growth in smartphone shipments this year, analysts say.
Apple passes on 2 per cent equalisation levy to Indian consumers
Whenever “taxes or foreign exchange rates change, the company has to update prices on the App store,” Apple told its consumers on the site. “New equalisation levy of 2% in addition to the existing GST of 18%” will be levied on purchases, it said.
Indian consumer recovery grabs eyeballs globally
Demand for smartphone and consumer electronics has surged in India, with consumers buying the latest mobile phones, laptops, television sets and appliances to adapt to work and study from home, besides automating household chores.
Apple sees record September quarter in India
In September, Apple launched its first online store in India - a market that is dominated by Android smartphones. Apple, which competes in the premium smartphone segment in India with players like Samsung and OnePlus, has been aggressively ramping up its presence in the Indian market.
Samsung India expects 40% growth in smartphone segment in Q4
Samsung India on Thursday said it expects to clock 40 per cent year-on-year growth in value terms in its smartphone business in December quarter on the back of an aggressive lineup of products and initiative to make devices more affordable.
Samsung India gets TV import license, can now retrieve 1 lakh TVs stuck in ports
The import license, just ahead of the crucial Diwali festive shopping period, will help the Korean giant to bolster its inventory level in retail stores many of whom had no stock of Samsung TV.
Tata Group to set-up new unit for electronic component manufacturing in Chennai
A government official told that a Tata Group firm has applied for incentive at Meity but could not confirm other details.
Samsung pips Xiaomi to become India's top smartphone brand after 2 years: Report
Korean handset maker Samsung pipped China’s Xiaomi to become the leading smartphone company after two years with 32% year-on-year growth in the July-September quarter of 2020.
Micromax ties up with MediaTek for designing, development of "in" smartphones
Micromax is collaborating with MediaTek to design and develop smartphone solutions powered by MediaTek Helio G Series with MediaTek HyperEngine game technology, a statement said on Wednesday.
Nitya Electro Controls starts production at Greater Noida plant
The company will manufacture German technology-based house wires, multicore cables, specialty cables, LT Power cables at the plant.
Motorola aims to grow 'faster than industry' in India
According to Counterpoint Research, India's smartphone shipments declined by about 42 per cent on quarter-on-quarter basis to just over 18 million in the April-June quarter from 31 million units in January-March due to nationwide lockdown imposed to check coronavirus spread.