Electrical Manufacturers

The government on Tuesday said it has extended the implementation timeline for the mandatory quality control order (QCO) on certain electrical appliances by one year, till March 2026 following stakeholder consultations. The QCO will be applicable to all electrical appliances intended for household, commercial or similar applications with rated voltage not exceeding 250 Volt for single-phase appliances and 480 Volt for other appliances including direct current (DC) supplied appliances and battery-operated appliances. The Department for Promotion of Industry and Internal Trade (DPIIT) said that the order would not apply to electrical appliances which fall under the scope of any other QCO. The horizontal QCO on safety of household and commercial electrical appliances was discussed on May 15 with stakeholder consultation meeting, where Commerce and Industry Minister Piyush Goyal had acknowledged concerns raised by the industry and had agreed to consider the request to extend the ...

A separate production-linked incentive (PLI) for the air conditioner segment, focusing on high-value components like compressors and motors, is the need of the hour, Panasonic India head Manish Sharma said, echoing the demand of the industry. On the government's recent PLI scheme for passive or non-semiconductor electronics components, Sharma, the Chairman of Panasonic Life Solutions India, said it will encourage the industry and boost its competitiveness in the global markets. On March 28, the government approved a production-linked incentive scheme for passive or non-semiconductor electronics components with an outlay of Rs 22,919 crore. It is the first scheme that focuses on promoting the manufacturing of passive electronic components. Currently, India imports USD 12-13 billion worth of non-mobile electronics. Almost USD 5-6 billion of PCB (printed circuit board) are being imported from elsewhere for assembling here, he said. "Now, the industry is being encouraged. We should sta

The company's consolidated net profit rose to Rs 60.22 crore ($6.96 million) for the three-month period ended Dec. 31 from Rs 58.24 crore a year earlier

Revenue jumped 12.5 per cent to Rs 1,810 crore, while expenses grew to Rs 1,757 crore from Rs 1,520 crore, as raw material cost rose around 7 per cent

The market grew 11% year-on-year in second half of CY23, compensating for the sharp 10% decline in the first half

It turned out that some manufacturers were importing ready-to-use parts, mainly from China, and thus had little control over the quality of their end products

The company plans to raise up to Rs 1,964 crore from its maiden share sale in the price band of Rs 983 - Rs 1,035. Offer closes on Friday.

At present, the company is the 20th largest commercial vehicle manufacturer in the world

The initial public offering of IKIO Lighting was subscribed to 66.3 times

Strong debut follows huge response to IPO, which was oversubscribed nearly 70 times

Of late, prices of metals, such as copper, steel, and aluminium, and crude oil have come off by up to 15 per cent from their October peaks

The gap between ordering a chip and taking delivery increased to 17 weeks in April, according to one research.

The company said the lockdown affected its sales to the extent of Rs 18 crore in March

Analysts expect profits to reach FY19 levels only next fiscal

Under the aegis of Indian Electrical and Electronics Manufacturers' Association (IEEMA), a committee of sector experts would select energy start-ups for handholding and angel funding