Page 2 - Consumer Electronics

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 ...

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

In this discussion, Videotex International’s director shares insights on industry challenges, the power of vision, and leveraging automation to overcome obstacles.

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