Electrical Manufacturers

Govt extends quality order deadline for electrical items to March 2026

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 ...

Panasonic India seeks separate PLI for compressors, motors, pcb boost

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

V Guard Q3FY25 results: Net profit rises to Rs 60.22 cr, revenue up 9%

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

RR Kabel Q2 results: PAT falls 33% to Rs 49.53 cr, revenue at Rs 1,810 cr

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

India's smartphone market grew by a nominal 1% in 2023, shows IDC data

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

Govt demands e-scooter makers return $60 mn aid for using China parts

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

RR Kabel IPO off to slow start on Day 1; Should you subscribe?

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.

Spot in top 10 manufacturers, Net Zero status: Ashok Leyland outlines goals

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

IKIO Lighting makes strong debut on bourses, rises 40% on listing day

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

DCX Systems soars 48% on debut, shares worth Rs 1,090 crore change hands

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

Prices of white goods rise third time in 2021 amid surging commodity costs

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

Chip shortage crisis enters 'danger zone', wait time reaches all time high

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

Uncertainty continues due to lockdown in various places: Kirloskar Electric

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

Havells no more a cool stock as Covid-19 dents Q4 show, FY21 outlook

Analysts expect profits to reach FY19 levels only next fiscal

Indian electrical manufacturers to angel fund new age energy start-ups

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