Page 9 - Electronics

Electronic components demand to rise 5 times to $240 bn by 2030: CII

Demand for electronic components and sub-assemblies is estimated to grow over five-fold to USD 240 billion by 2030, including includes some of the key parts like motherboard, lithium ion batteries, camera module etc that are largely imported, a CII report released on Sunday said. The report recommends the government to come up with revised electronic components production-linked incentive schemes with higher incentives in the range of 35-40 per cent to reduce dependence on imports. "The demand for components and sub-assemblies stood at USD 45.5 billion to support USD 102 billion worth of electronics production in 2023. This demand is expected to scale to USD 240 billion to support the USD 500 billion worth electronics production by 2030. Priority components and sub-assemblies, including PCBAs, are projected to grow at a robust CAGR of 30 per cent, reaching USD 139 billion by 2030," the report said. The report identifies components and sub-assemblies of batteries (lithium-ion), camer

Signify aims double-digit growth from Indian business in 2024: CEO

Signify, formerly known as Philips Lighting, is targeting double-digit growth from its India business in 2024, a top company official has said. The company, which overall leads the Indian lighting market, also has plans to increase exports from India to other markets, playing a bigger role, Signify CEO and MD Sumit Joshi said. "India is a very important market not because of the domestic market which we have, but also the role which India could play for the world for Signify is becoming far more important," Joshi told PTI. On the domestic market, in which Signify operates in the consumer segment (B2C) and the professional lighting solutions (B2B) vertical, he said the company has been able to "extend its leadership". When asked about the growth, Joshi said: "I think we will continue to do on the consumer part of the business on volume we will continue to grow. In the first half, we are growing in high single digits, hopefully after the budget during the festivals, the numbers will

Rising imports from China powering India's electronics production

Other countries such as Korea and Taiwan combined have seen their imports hit $4.5 billion in FY24 but they are still half of China and Hong Kong combined

CRISIL SME Tracker: Higher demand, PLI to propel electronics MSMEs in FY25

Various factors contributed to the growth, such as increasing penetration of internet and 5G services, rising consumer income, shorter replacement cycles, easier payment terms

How is the Red Sea crisis making your TVs, ACs costlier? Key details

Sea freight expenses from China are rising due to a shortage of shipping containers resulting from the Iran-Israel conflicts

Govt continues curbs on import of unregistered IT, electronic goods

Rules referred to 2012 have been replaced with 2021 and there is no change in policy, says senior government official

Govt reaffirms restrictions on import of non-compliant electronic products

There is no implication of this notification. The import policy for these categories in question were restricted anyway, so its status quo, a government official aware of the matter said on Tuesday.

V-Guard Q4 results: Net profit rises to Rs 76 cr on strong demand

V-Guard's revenue rose by 17.9% to Rs 1,343 crore, driven primarily by the company's core electrical segment, which rose 10.7%

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.

India may permit Chinese electronic firms to invest on a select basis

The Indian govt might consider permitting certain Chinese investments in India, with each venture evaluated based on its individual merit

FMEG major Havells India's positive outlook may be priced in valuations

Management sounded optimistic about growth in FY25

Electronic manufacturers should ensure nation's security interests: IT secy

Electronic component manufacturers should ensure the country's security interests while starting new projects, said Union IT Secretary S Krishnan on Saturday. Ministry of Electronics and Information Technology Secretary Krishnan said the government was opening up on this topic and has been instructing companies to ensure that while designing a project, the country's security interests should be taken care of. "We spoke about this briefly (in the past) and how cyber security is becoming more and more important. This is something I would especially want the senior citizens, here something we need to be extremely careful about on a day-by-day basis," Krishnan said. He made those comments while delivering the 10th G Ramachandran Endowment Lecture on 'Building Economic Resilience Through Technology' organized by the Madras School of Economics and The Southern India Chamber of Commerce and Industry (SICCI) here on Saturday. Elaborating, he said, "With this space (cyber security) getting

Cyient DLM stock surges 13% on strong Q4 show; upbeat FY25 outlook

Earnings impact on Cyient DLM stock price: Stock up 13% after Q4 net zooms 81% in Q4FY24; Stock brokers and company management are upbeat on FY25, FY26 outlook.

Orders for ABB globally fall, drag share price for India-listed entity

ABB India closed at Rs 6,367.20 per share on Thursday, down 4.21%

Powered by iPhone exports, electronics become India's fifth largest export

Apple's iPhone exports alone now constitute 35% India's entire electronics export goods basket

US electronics trade: India lags global peers in plugging China gap

Vietnam has been the biggest beneficiary. It saw an incremental increase in electronics exports worth $39.1 billion between 2018 and 2023

Smart TV prices to go up this year, shipments down 16% in 2023: Report

Prices of smart TVs are likely to increase in the first half of the ongoing calendar year as prices of panels have gone up in the international market, according to a report on Thursday. The brands are likely to pass on the increase in rates, resulting in a hike in smart TV prices, according to the latest research from Counterpoint's IoT Service. However, the report also expects "smart TV shipments to increase by 9 per cent" this year, as the demand for premium models will increase and consumers will likely upgrade to a larger screen. "The push towards online purchases is set to increase as consumers' confidence in online platforms is increasing, which will encourage them to buy premium models from these platforms. The increasing preference for premium TVs will drive the overall market's average selling price (ASP) further," it said. In 2023, India's smart TV shipments declined 16 per cent, impacted by a hit in the first half due to macroeconomic challenges and excess inventory, ..

'Mobile exports to grow to $50-60 bn, electronics sector to employ 2.5 mn'

Mobile phone exports from India will grow more than five-fold to USD 50-60 billion in the coming time from about USD 11 billion last year, Union IT and Communications Minister Ashwini Vaishnaw said on Wednesday. While speaking at a fintech event, the minister said employment in the electronics manufacturing sector will increase from about 10 lakh at present to 25 lakh in the coming days. He said that 10 years ago India imported 98 per cent of mobile phones and at present 99 per cent of the devices are made in India. "(Mobile phones worth) USD 11 billion were exported last year. In the coming days, you will see exports to the tune of USD 50-60 billion. 10 lakh people work in electronics manufacturing. In the coming days, 25 lakh people will work in electronics manufacturing," Vaishnaw said while sharing a presentation on India's growth story. He said India will become the third largest economy by 2027 while it was ranked 11th in 2014. A report published by Jefferies Equity Research

Haier aims to become 2nd largest appliance maker in India: NS Satish

The company expects the AC, TV, and washing machine categories to grow ahead of the refrigerator segment

Prospects of Havells India seen improving; but positives priced in

Havells has established two US subsidiaries in order to develop exports. The company is also eyeing the Middle East