Consumer Electronics

Dixon hits 3-month high, stock rebounds 36% from April low; here's why

The stock was the biggest gainer in the BSE 200 index on Tuesday and ended the day with a 5.35 per cent rise

India-made electronics reliable, recognised globally: Ashwini Vaishnaw

India's electronics manufacturing and export prowess have grown multi-fold in the last decade driven by enabling policies and incentives, and the Made-in-India products now command global recognition given their reliability and respect for IP rights, Union Minister Ashwini Vaishnaw said on Friday. Inaugurating VVDN Technologies' SMT (Surface Mount Technology) Line at Manesar, the Minister noted that electronics manufacturing in India has risen 5-fold in the last decade topping Rs 11 lakh crore. Exports have grown 6 times during this period, crossing Rs 3.25 lakh crore. The entire ecosystem has spurred 25 lakh jobs, Vaishnaw, Minister for Electronics and IT said. "In global market, Indian products, given their reliability and respect for IP rights, have an advantage, and it is being recognised globally," Vaishnaw said. India's design capabilities have paved the way for complex products - from AI cameras to automobile electronics and telecom network equipment to power electronics -

Panasonic's India arm aims for over 10% growth in FY26 on strong AC sale

The company witnessed a record 30 per cent sales growth in consumer appliances in the ongoing summer season, primarily led by the sale of air conditioners

Big Tech leads global stocks rally after Trump reciprocal tariff pause

The S&P 500 Index climbed 1.5 per cent as of 9.33 am in New York, while the technology-heavy Nasdaq 100 Index jumped 1.9 per cent

Apple escapes crisis as Trump pauses tariffs on 'made-in-China' devices

While a new, lower so-called sectoral tariff may still come on goods that have semiconductors - and a 20% tariff on China remains - the change marks a win for Apple

Rainfall, price hikes slow AC sales in April, industry eyes growth

Intermittent rainfall in south India and recent thunderstorms with moderate rain in some parts of north and eastern regions have slowed down the pace of sales of room air conditioners in April, but the industry is still expecting a double-digit growth with recent weather forecasts suggesting an intense summer. Manufacturers of room air conditioners (RAC), including Blue Star, Samsung, and Haier, are also going for a price increase of up to 5 per cent in April, extending the impact on raw material costs and currency exchange fluctuations amidst macroeconomic volatility. Besides, the room AC industry is still dependent on imports of crucial components such as compressors, PCBs, and fan motors, mainly from China, and is anxiously looking at the tariff standoff triggered by the Trump administration. Despite such odds, the RAC industry expects a double-digit growth in the June quarter, the season contributing a large chunk for sales of compressor-based cooling products, over the high bas

Mivi eyes Rs 1K cr revenue in FY26 with expansion plans, geographic scaling

Mivi, a Hyderabad-based consumer electronics brand, has set an ambitious Rs 1,000 crore revenue target for FY26, driven by a strategic blueprint including product category expansion, broader geographic reach, a new manufacturing facility, and enhanced marketing strategies. Mivi, which employs over 1,500 people, clocked over Rs 300 crore in revenue in FY25. In an interview to PTI, Mivi co-founders Midhula Devabhaktuni and Viswanadh Kandula outlined Mivi's multi-pronged roadmap for growth, with plans to venture into new categories such as IoT devices, smart wearables, smart CCTVs and speakers alongside bolstering its existing audio and mobile accessory offerings. "FY26 is going to be an amazing year for the brand. We are targeting a revenue of Rs 1,000 crore, which will be a huge jump. We are targeting a good amount of that revenue to come from the existing categories, but we are also going to expand into other categories. "Mivi AI is a platform that we have developed. The category t

Trump exempts China-made smartphones, chips from reciprocal tariff plan

Beyond economic considerations, the exclusions appear to be part of a broader strategy to reduce inflation concerns and mitigate disruptions in supply chains

Manufacturers in India not overly concerned with US tariffs: IT Secy

The electronics and IT sector manufacturers are not "overly" concerned about the recent hikes in import duty by India's largest trading partner the US, a top government official said on Monday. However, the impact will depend on how the tariff situation plays out ahead, Electronics and IT Secretary S Krishnan said. "We've been in regular consultation with manufacturers in India. That is something that we are speaking to them on an ongoing basis. They are not overly concerned right now, but it also depends on how this whole situation plays out. It's a dynamic situation," Krishnan told reporters at a Cert-In event. The US on April 3 imposed an additional 26 per cent tariff on Indian goods, effective April 9. The sector players are of the view that the Indian industries are better placed as compared to their competitors in the electronics segment. While the US has imposed an additional 26 per cent import duty on India, its competitor Vietnam is facing a 46 per cent tariff, China 34 p

Samsung Galaxy wearables may soon offer improved battery life: Details here

Samsung is reportedly aiming to replace the current version, which has an energy density of about 200 watt-hours per litre (Wh/L), with a more advanced variant capable of reaching 360Wh/L

Electronics poised to become world's largest manufacturing sector: Centre

The electronics industry is poised to become the largest manufacturing sector globally and in India, Ministry of Electronics and Information Technology (MeitY) Secretary S Krishnan said on Saturday. The senior official observed that Tamil Nadu's 'electronics manufacturing cluster' is emerging as the country's frontrunner in global electronics manufacturing. Krishnan made these remarks at the inauguration of the Zetwerk Electronics manufacturing facility, a contract manufacturing firm, by Union Minister for Railways, Information and Broadcasting, and Electronics and Information Technology, Ashwini Vaishnaw. The event, held in Sriperumbudur, was attended by Tamil Nadu Industries Minister TRB Rajaa, Zetwerk CEO and Co-founder Amrit Acharya, and President of Electronics Business Josh Foulger. Expressing his pleasure at participating in the event, Krishnan, a 1989-batch IAS officer, said Prime Minister Narendra Modi has set an ambitious target of achieving USD 500 billion in annual ...

Bharat Value Fund invests Rs 130 cr in Veira Electronics in pre-IPO round

Contract smart TV manufacturer Veira Electronics on Tuesday said it has received Rs 130 crore in funding from Bharat Value Fund (BVF), which marks the closure of its pre-IPO placement round. The fresh funding will help in the expansion of Veira Group, which operates two facilities in Noida, Uttar Pradesh, with a production capacity of up to 3 million TVs annually. "The investment marks successful closure of its Pre-IPO placement round," it said. Bharat Value Fund CIO Madhu Lunawat said Veira's financial performance has been impressive with sales growing at a 55 per cent CAGR between FY22-24, reaching Rs 865 crore in FY24. "India's smart TV manufacturing industry, valued at USD 11.53 billion in 2023, is projected to reach USD 32.57 billion by 2030, growing at a CAGR of 17 per cent," she said. "Our investment in Veira is a step in contributing to the growth of India's growing and evolving TV market, with key players that have the potential to reshape TV manufacturing." Its TV portf

Demand pick up key for further gains in consumer electricals space

Fans registered low-single digit growth, while kitchen appliances faced low demand, and low LED prices adversely impacted lighting

boAt gears up for IPO, plans Rs 2,000 cr confidential DRHP filing soon

Consumer electronics brand boAt may target a valuation exceeding $1.5 billion

Havells, PG Electroplast, KEI, Amber: EMS continues to shine, says Nuvama

While many consumer durables companies reported disappointing earnings, missing their profit estimates due to lower margins, the EMS players exceeded expectations with strong revenue and profit growth

Will announce reciprocal tariffs over two days, says Donald Trump

When asked about potential retaliation from other nations over tariffs, US President Donald Trump responded, 'I don't mind'

Household appliances shares rally on higher demand hopes; Blue Star up 15%

The Union Budget 2025-26 has exempted annual income up to Rs 12 lakh from income tax, boosting consumer spending and adding focus on urban consumption.

India's semiconductor market to grow at 13%, reach $103 bn by 2030: IESA

The report calls for the continuation of the semiconductor incentive scheme beyond the initial $10 billion allocation to achieve India's manufacturing ambitions

Premium products drive Republic Day sales growth amid urban slowdown

Retailers and durable goods companies report that sales during the Republic Day weekend grew by approximately 10-15 per cent compared to the same period last year

Appliances, display biz to add 50% to India topline in 3 yrs: Samsung

Consumer electronics major Samsung expects its appliances and display business to scale up substantially in India, contributing to half of the topline in the next three years, J B Park, President & CEO of Southwest Asia has said. The current penetration of consumer electronic products in India is still low, a major market for the South Korean Chaebol, however, it is expected to scale up, helped by factors such as the rise of the Indian economy and middle class. Samsung is aggressively expanding its play into the consumer electronics segment by democratising the latest features such as AI in the appliances and display segment (QLED and OLED TVs), which is helping it to gain significant market share in the premium segment. "The consumer electronic penetration in the Indian market is still very low. I think consumer electronics will have much bigger growth, which will increase our revenue portion of the category against mobile phones," said Park. However, penetration of India's ...