Page 18 - Electronics

Electronic goods exports up 49% in April-December 2021, says govt

Top five export destinations were the US, UAE, China, Netherlands and Germany

Electronics production in India to reach $300 bn by 2026: Report

Electronics production in the country is expected to reach USD 300 billion by 2026, industry body ICEA said in a report on Monday. The National Policy on Electronics (NPE) 2019 had set a target of achieving a turnover of USD 400 billion by 2025. However, the industry will be unable to achieve the target set by NPE 2019, due to the adverse impact of COVID-19 pandemic on the sector, the report said, adding that "the COVID-19 pandemic brought with it unforeseen and unprecedented challenges." "The NPE 2019 targets for electronics production in 2025-26 at USD 300 billion appears to be more realistic considering the disruption on account of COVID-19 in the past 18 months which has been aggravated with the new variants of the COVID-19 virus such as Omicron," the report said. The India Cellular and Electronics Association (ICEA) Chairman Pankaj Mohindroo while sharing the details of the report said that the reduced target still aims for a 400 per cent increase from the current level, which

The right to repair movement

Most electronics manufacturers work on the concept of 'planned obsolescence'. After foreign shores, the 'right to repair' movement is now gaining ground in India. This report tells us more about it

Dhoot Transmission enters health, wellness space with Burge Electronics

Dhoot Transmission, which is among the largest manufacturers of wiring harnesses for two-wheelers, is diversifying into the health and wellness segment with a virus neutraliser that will help purify air in enclosed spaces. The Aurangabad-based company which lists Bajaj Auto, Honda Motorcycles & Scooters among others as it large clients, on Monday launched a slew of health and wellness products under the label of Burge Electronics, which in German means 'guarantor'. Burge will roll out its first product ozone-free air purifier, ion dome for neutralising viruses. Banking on its over two decades of know-how in product development, manufacturing and distribution, Burge Electronics aims to disrupt the health and wellness industry with safe, affordable, advanced and innovative solutions, Rahul Dhoot, Managing Director of Dhoot Transmission, said. Burge Electronics will soon launch its first product, ion Dome, a virus neutraliser approved and tested by the ICMR-recognised and ILAC ...

Flipkart Group acquires electronics recommerce firm Yaantra for unknown sum

Incorporated in 2013, Yaantra is a leading brand that repairs and sells refurbished consumer tech products such as smartphones and laptops

TSMC raises revenue growth projections due to global chip shortage

It intends to spend $40 billion to $44 billion expanding and upgrading capacity in 2022

India's high import tariffs negating PLI, impacting competition: ICEA

As India doubles down on local manufacturing, the country's import tariffs in the electronics sector are still way higher than China, Vietnam and other economies

Samsung, Micron warn Xian lockdown may disrupt memory chip manufacturing

Samsung Electronics also said on Wednesday that it would temporarily adjust operations at its Xian manufacturing facilities

Indian electronics manufacturing sector to touch Rs 7 trn next fiscal

The government continues to make efforts to move up in the global electronics supply chain and is expected to come up with new policies and incentive schemes for wearables and IT hardware

Govt expects Rs 1.7-trn investments in 4 years under semiconductor scheme

The Union Cabinet approved a Rs 76,000 crore policy boost for semiconductor and display manufacturing ecosystem

Panasonic India aims 10% growth, top-line of Rs 9,600 crore in FY22

The company is already back to the pre-pandemic level in terms of revenue and volume

Optiemus to onboard 2,000 in 2 years, raise production capacity

Electronics manufacturing services firm Optiemus Electronics is planning to expand its production capacity and aims to increase its headcount by around 2,000 people in next two years, a senior company official said. The company's existing production capacity is likely to be exhausted within two years and it has started looking for locations to set-up a new manufacturing unit, Optiemus Electronics Limited (OEL) managing director A Gururaj told PTI. "We will have to wait and see how much volume our customers will look at, but I do believe that over the next one to one-and-a-half years, at least a couple of thousand people will be added on the shop floor, if not more," Gururaj said. At present, the company has a team of 300 people. OEL is among the electronic manufacturing services firms that have qualified for production-linked incentive (PLI) schemes for mobile phones, IT hardware and telecom products. The government is giving incentives to companies under the PLI scheme based on t

India poised to grow electronics manufacturing to $300 bn in 3-4 yrs

The world is seeking more trusted sources for electronics post-COVID-19 and India has all the key elements in place to grab the opportunity: Minister of State for Electronics and IT

Component shortages to affect some chip demand in current quarter: Samsung

The world's top maker of memory chips posted a 28% jump in operating profit in the July-September quarter to 15.8 trillion

Chip shortage, supply crunch hit new brands in tough Indian laptop market

When popular smartphone brands like Xiaomi and realme entered the laptop market in India last year, they were expected to shake the existing giants

Semiconductor shortage dampening festive spirit for electronics, auto firms

The global semiconductor shortage is hitting the Indian mobiles, consumer electronics and automotive sectors hard in the midst of the festive season when sales usually peak, with the automobile industry understood to have piled up around 5 lakh pending orders. While customers usually get bargain deals or handsome festive discounts during this period, this time they are paying higher for a host of items ranging from mobile handsets and TVs to cars due to the chip shortage. Freebies have vanished from most of the automotive showrooms as manufacturers struggle to meet demand. "If you look at the demand parameters, which is reflected in bookings or in queries, they are very good. However, the supply side this year unfortunately is a little muted because of this semiconductor issue. "That is the reason why the number of bookings have built up but supplies have not come," Maruti Suzuki India Senior Executive Director (Marketing & Sales) Shashank Srivastava told PTI. The auto industry, ..

Homegrown brand boAt leads as India TWS market grows 68% in Q2

Homegrown audio brand boAt maintained its lead for the fourth successive quarter as India's true wearable market registered 68 per cent (YoY) growth during Q2, a new report showed on Friday

Samsung maintains second spot in tablet market in Q2, says report

Samsung Electronics stayed on as the world's second-largest tablet computer vendor in the second quarter of the year, a report showed on Friday, as it strives to catch up with industry leader Apple.

Micromax In 2b all set to launch on Friday; check expected price, features

The Micromax In 2b event will begin at 12 noon tomorrow

Prime Day: Amazon India sees highest participation from small businesses

Customer from 96 per cent pincodes of India place orders during Amazon's Prime Day event