Despite the government recently announcing two ambitious schemes for the sector to attract new investment, none of the companies is planning to avail them any time soon.
Consumer electronics and appliance makers like Samsung, LG, Panasonic and Godrej Appliances have suspended manufacturing till March 31 amid lockdown in several states to contain the spread of coronavirus infection. These organisations will review resumption in production around March 31, depending on further directives from the governments at that time. South Korean major Samsung, which manufactures a range of products like mobile phones, refrigerators and washing machines, has suspended operations at its Noida and Chennai plants. "As a measure to safeguard our employees and their families against Covid-19 and in compliance with directives from the government, we have decided to currently suspend our manufacturing operations and have asked employees at our sales, marketing and R&D offices across India to work from home, Samsung India Head Corporate Communications Partha Ghosh said. There is a complete lockdown in 19 states, all Union Territories and some parts of six states due to
In its 2020 line up, Samsung has introduced five-star rated direct cool single door refrigerator with new 2020 energy norms with capacity increased to 198 litres from 192 litres earlier
From Air India privatisation to lay offs at Samsung India, read all the top headlines here.
Samsung said The Wall optimises picture quality scene-by-scene, regardless of the original source resolution due to its Quantum Processor Flex enabled with the AI picture quality engine.
Samsung India posted a 20% jump in revenue in FY19, doubling its growth rate of 10% achieved during FY18.
The South Korean giant hired 1,000 engineers last year from top engineering colleges including IITs, NITs and IIIT, giving a thrust to New-Age domains like AI, IoT, Machine Learning among other things
Xiaomi continued to lead the tally with 27.1% share, followed by Samsung (18.9%), Vivo (15.2%), Realme (14.3%) and Oppo (11.8%).
Consumers can log onto Samsung's official online store at 12 pm on October 11 to pre-book the Galaxy Fold
Priced at Rs 1,64,999, the Galaxy Fold is India's first smartphone with a bendable screen. Deliveries for pre-orders will start from October 20
The move assumes significance ahead of the festive season, where handset makers are lining up a slew of devices to woo customers
Samsung began its operations in India by hiring a good talent pool and then built solutions or services for particular problems
The move is significant as it comes after the government backtracked on its plan to impose Customs duty on those pricier components from February 1
Samsung has two manufacturing plants -- in Noida and in Sriperumbudur, Tamil Nadu -- five R&D centres, and one design centre in Noida
The South Korea-based electronics giant cites a report released by Germany-based research firm Gfk to back its claim
The smartphones in the series is expected to have best-in class hardware and would be priced aggressively to take on bestsellers from Xiaomi
Samsung has eclipsed the sales of key Chinese brands such as Xiaomi, OPPO, Vivo, Lenovo and even the Cupertino-based giant Apple
Having dominated the Indian smartphone market for years, Samsung will focus on fundamentals like making devices across price segments in 2018 and leverage its R&D work to achieve that goal, a top India executive has reiterated.
Galaxy J7 Max and Galaxy J7 Pro have been launched at Rs 17,900 and Rs 20,900, respectively
Revenue grew 19.2% to Rs 47,001 cr