Page 3 - Electronic Manufacturing

LG Electronics India FY22 PAT falls 23% to Rs 1,175 cr; total income up 10%

LG Electronics India's profit after tax for FY22 declined 23.17 per cent to Rs 1,174.7 crore, according to financial data accessed by the business intelligence platform Tofler. However, its total income rose nearly 10 per cent to Rs 17,171.3 crore in FY22. The company, which is not a publicly listed entity, had posted a profit after tax of Rs 1,529 crore, and its total income was Rs 15,621.1 crore for the financial year that ended in March 2022. LG Electronics India's profit before taxes was Rs 1,589.8 crore, and its tax expenses stood at Rs 415.1 crore in 2021-22. A wholly-owned subsidiary of South Korea-based LG Electronics, it is a formidable brand in India, operating in various segments, such as consumer electronics, home appliances, HVAC and IT hardware. LG Electronics India's total revenue from the home appliances and air solution division was Rs 12,419.5 crore in FY22. Under the home appliances and air solution division, it sells products like refrigerators, washing machin

Indian authorities hold up export of 27,000 Vivo phones in clash with China

The smartphones are being held up at the New Delhi airport by India's revenue intelligence unit over an alleged mis-declaration of the device models and their value

OnePlus Monitor X 27, Monitor E 24 set to launch in India on December 12

The OnePlus Monitor X 27 will come in 27-inch screen size and the OnePlus Monitor E 24 in 24-inch screen size

Smart fasteners are not just nuts and bolts

In auto sector adhesive tapes used for attaching components in unique ways allow carmakers to experiment with designs, since they are no longer bound by linear needs of traditional metallic fasteners

LG unveils world's 1st high-resolution display that stretches by 20%

The stretchable display is thin, lightweight design, and its revolutionary technology offers next-level versatility for various daily scenarios

Apple's tech supply chain shows difficulties in cutting dependence on China

Bloomberg Intelligence estimates it would take about eight years to move just 10% of Apple's production capacity out of China, where roughly 98% of the company's iPhones have been made

Govt makes first disbursement under PLI scheme, Delhi firm to get Rs 52 cr

Dixon Technologies getting money after international companies expressed concern about scheme due to delays in disbursement

Aiwa's India 'sweet spot': Japanese brand back with new strategy for TVs

Aiwa is back now - this time with a fundamentally changed strategy

Electronics firms to extend production cuts till August amid low demand

Consumer electronics inventory has piled up as consumers are holding back their discretionary spending, a report said

Intel suspends all business operations in Russia over Ukraine war

US technology company Intel, one of the world's largest manufacturers of computer components and electronic devices, said it has suspended its activities in Russia over the situation in Ukraine.

Vedanta to invest up to $20 bn in chip venture in India, roll out by 2025

Vedanta's group firm Avanstrate, which will spearhead the semiconductor business, expects to roll out electronic chips and displays from Indian manufacturing plants by 2025

Govt expects Rs 34,090-cr investment under PLI scheme for electronics mfng

The government is expecting an investment of Rs 34,090 crore under the PLI scheme for large-scale electronics manufacturing, by 2025, Parliament was informed

New products, exports to drive growth for Dixon Technologies

Focus on backward integration and value addition to help on the margin front

Dixon Technologies scouts for buys to get in global top 10 EMS league

Open to acquisition of design companies and raise manufacturing capacity

Govt expects Indian electronics manufacturing to reach $300 bn: MoS IT

The government expects the Indian electronics manufacturing sector to grow to around $300 billion (about Rs 22.5 lakh crore) by 2024-25, IT minister Rajeev Chandrasekhar said

Global energy crisis halt copper bulls as world's factories slow down

Copper's blistering rally above $10,700 a ton came in May as lockdown restrictions sparked insatiable demand for metals in housing and consumer goods

VVDN gets approval under PLI Scheme for IT hardware manufacturing

VVDN Technologies, a premier electronic product engineering and manufacturing company, has been approved by the Ministry of Electronics and Information and Technology (MeitY) under the Production Linked Incentive scheme (PLI) for IT hardware.VVDN is amongst the 14 companies domestic and international, which has been granted approval for IT hardware manufacturing under Production Linked Incentive (PLI) scheme for IT hardware products. VVDN has also participated in the Govt. of India's PLI Scheme for Telecom and Networking equipment.With 5 state-of-the-art manufacturing units and 10 design centers across India, VVDN does the complete R & D, engineering and manufacturing of products in the domains 5G & Datacenter, Networking & Wi-Fi, Vision, and IoT. In IT hardware space, VVDN has vast experience in doing the design, development and manufacturing of rack storage servers, communication servers, ruggedized tablets, IoT tablets, desktop all-in-one PCs.Over the last year, ...

PLI Scheme: Dixon CMD Sunil Vachani is ready for the next big leap

A two-part series looks at how two home-grown manufacturers are leveraging the govt's production-linked incentive scheme

E-manufacturing can contribute $1 trillion to GDP: Ravi Shankar Prasad

The government has seen interest from global majors like Apple, Samsung and their contract manufacturers to scale up production in India

PLI scheme, outsourcing to aid Dixon Technologies' growth trajectory

Brokerages expect mobile volumes to rise multi-fold over the next two years