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TV Manufacturers
Consumer electronics major Thomson will enter the laptop market in India in the next two quarters and is also considering to export smart TVs and other products manufactured in the country to foreign markets, a company official said on Wednesday. Thomson, owned by Technicolor SA, said it is "pretty satisfied" with the quality and standards of manufacturing by its India brand licensee Super Plastronics Pvt Ltd (SPPL), which is investing Rs 300 crore to set up a fully-automated plant at Hapur in UP to increase its manufacturing capacity to 2 million TV units per annum. Thomson, which sells laptops in niche markets such as the US, France and other parts of Europe, will enter the laptop segment in India in the next two quarters in the entry, mid, and premium segments. India is one of the fastest growing markets for Thomson, which re-entered India through SPPL in 2018 after 15 years and is aiming to be among the top five global markets, said the company's Technicolor Trademark Licensing
Super Plastronics Pvt Ltd (SPPL), a TV manufacturing company having licenses of several global brands, expects to have around 8 per cent market share of the smart TV market in the next two years, said director and CEO Avneet Singh Marwah. The company has a portfolio of five global brands, operating in the TV and appliances segment, which includes - Thomson, Kodak, Blaupunkt, White-Westinghouse and White-Westinghouse (Trademark of Electrolux). SPPL, is increasing manufacturing capacity from the current 7 lakh units to 2 million units annually with its upcoming greenfield manufacturing facility at Hapur, in Uttar Pradesh, where it is investing Rs 300 crore to set up a fully-automated plant. "We are aiming to generate a revenue of Rs 1,200 crore in the current financial year 2023-24 and Rs 2,000 crore in the next fiscal," Marwah told PTI. In FY 2022-23, SPPL had a revenue of around Rs 700 crore and sold 4.5 lakh units of smart TV. Currently, SPPL is getting the highest contribution o
Customs duty of 5 per cent has been imposed on import of a key component used in manufacturing of LED/LCD TVs from October1, a government notification said on Wednesday. The government had last year exempted customs duty on open cells for a year till September 30 as the domestic industry had sought time to build capacity. The finance ministry, through a notification on Wednesday, prescribed 5 per cent customs duty on open cells for LED/LCD TV panels. EY Tax Partner Abhishek Jain said this levy seems to aim at fostering domestic manufacturing of open cells for televisions in India. "While this could entail increased costs for some TV manufacturers, a duty leverage could incline TV manufactures for procuring / manufacturing domestically produced open cells and thus, advance the Make in India initiative of the Government," Jain added. Till last year, televisions worth Rs7,000 crore were being imported. Television import has also been put on the restricted category with effect from ..