Page 2 - Consumer Electronics

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 ...

Appliances industry seeks second round of PLI, tax rationalisation

The appliances and consumer electronics industry has urged the government to bring a second round of the Production-Linked Incentive (PLI) scheme for high-value components like compressors and motors and rationalise taxes. It has also asked for reductions in tariffs on imports, which will help to make the products competitive in the global market, said industry body Consumer Electronics & Appliances Manufacturers Association (CEAMA). "We, over a period of time, need to reduce the taxes. We need to reduce our tariffs so that our manufacturers can become competitive. We have a large base and we should be manufacturing for the world," said CEAMA President Sunil Vachani. Besides, he also suggested creating large centres of excellence along the coastal areas, "where we can offer plug and play facilities to our MSMEs and offer land at attractive rates to a large corporate". This will help build export competitiveness, Vachani added while speaking at the 45th annual functions of ...

Appliances industry expects 15% growth in 2025 on back of premiumisation

The appliances and consumer electronics industry expects 10-15 per cent growth in 2025 on the back of premiumisation trend, which is driven by rising incomes, changing preferences towards energy-efficient, and connected products with innovative features such as AI and increasing desire for global quality products. The year 2024 was transformative for the industry, in which it bounced back despite challenges such as rising raw material costs, price hikes, and supply chain disruptions, and displayed resilience by embracing technology and innovation. The industry, which contributes 0.6 per cent of the GDP, is witnessing a transformative shift towards premiumisation, increasing the average sale price (ASP), driven by rising income, and young demography with changing preferences. Besides, factors such as a growing economy, urbanisation, real estate growth, and increasing penetration into smaller markets like tier-III cities and further, will also help the industry grow. "Looking ahead,

Breaking into consumer electronics: What you need to know

E-waste conundrum: Draft guidelines point to impractical over-regulation

India is one of the world's largest producers of e-waste in South Asia, generating 1.6 million tonnes of discarded material, almost 67 per cent of this is unprocessed

Make your listening experience luxurious, buy these premium headphones

These devices give the best sound quality and are soft to wear even for hours

Retailers cheer as fresh stock flies off shelves during I-Day long weekend

Fresh merchandise flew off shelves for retailers during the long weekend

Chef Sanjeev Kapoor backed Wonderchef eyes Rs 820 cr revenue in FY25

Celebrity chef Sanjeev Kapoor-backed kitchen appliances brand Wonderchef aims to reach a revenue target of Rs 820 crore in FY25, said its founder and CEO Ravi Saxena. Saxena, on the sidelines of the launch of the cooking robot Chef Magic at the Consumer Electronics World Expo, said the homegrown brand has positioned itself at the top of the ladder in premium and innovative appliances. "In FY24, we posted sales of about Rs 700 crore, and we are planning to touch about Rs 820 crore in FY25, on account of new product ranges, distribution expansion, and the e-commerce segment -- which brings in about 30 per cent of sales for the company," he told PTI. Saxena further said Wonderchef is planning to list its IPO in 2026. Chef Magic is an all-in-one kitchen robot that enables fully automatic cooking. Loaded with over 200 in-built recipes across cuisines by Chef Sanjeev Kapoor, the IoT-enabled interface will feed in new recipes every week. Saxena said he drew the inspiration for Chef Magi

Premium TVs to drive growth in segment for LG, expects to grow at 30%

The 55-inch TV category is fast becoming a bigger chunk of the market for the company, recording a growth of 30-35 per cent

Veira to invest Rs 450 cr on new unit to increase production capacity

Consumer electronics and appliances maker Veira on Monday said it will invest Rs 450 crore to set up a new manufacturing unit at Greater Noida to enhance capacity for air coolers and washing machines. This investment will result in increasing existing production capacity from 1 lakh to 5 lakh units of washing machines and air coolers annually, Veira said in a statement. "This expansion marks our commitment to serving both domestic and international markets," Veira Director Ankit Maini said, adding that the company anticipates these product segments to contribute 15 per cent to its revenue by the end of FY25. The company, a contract manufacturer, said it already manufactures air coolers for 23 Indian and global brands. Similarly, it manufactures washing machines for 25 such brands. At present, the company said it has two facilities at Noida's Sector 81 and 85, covering a combined area of 5 lakh square feet.

RIL to boost homegrown Wyzr brand in Indian consumer electronics market

Mukesh Ambani's company aims to open its own manufacturing plants, expanding Wyzr's product range to include TVs, washing machines, refrigerators

Amber group, Resojet form JV to enter washing machine manufacturing biz

Amber group, a homegrown contract manufacturer for HVAC and consumer electronics, on Thursday said it has formed a 50 per cent JV with Resojet, a Radiant Group Company, for manufacturing fully automatic washing machines. This will help Amber group expand its footprint in the consumer durables space, beyond room air conditioners, a joint statement said. An Amber Enterprises spokesperson said, This joint venture is a significant step forward for Amber Enterprises as we continue to expand our presence in the consumer durables market. By partnering with Resojet, we gain access to their expertise in manufacturing washing machines, allowing us to offer a wider range of high-quality products to our customers. "Resojet is excited for this partnership, together we shall bring more value for our customers & also further strengthen groups association for various other consumer electronics & durable products, a Radiant group spokesperson said. Earlier in January, Amber Group had announced

CES 2024: Five interesting products unveiled at consumer technology event

From Rabbit R1 AI device to Anker power station, here are five interesting products unveiled at the Consumer Electronics Show event this year

reMarkable 2 paper tablet launched in India: Price, availability and more

The tablet provides the sensation of writing on a paper and allows users to combine and rearrange handwritten or typed notes

CES 2024: Asus joins eyewear tech race, unveils AirVision M1 smart glasses

The Asus AirVision M1 is not a standalone device, but a peripheral that connects with a range of devices with support for DisplayPort Alt mode over USB-C

This smallcap stock is up 8%, has zoomed 67% in one month; here's why

On January 1, Surya Roshni had said that it's lighting and consumer durable business is debt free i.e. completely borrowing free segment as on December 31, 2023.

McAfee unveils project Mockingbird at CES 2024 to detect Deepfake audio

The first public demos of Project Mockingbird, McAfee's Deepfake Audio Detection technology, will be available onsite at the Consumer Electronics Show 2024

CES 2024: Samsung announces AI chip-powered displays, wireless 8K projector

A series of upcoming products have been announced by Samsung, including the Neo QLED TV with built-in AI, Premiere 8K Projector, and a new dedicated gaming controller