Consumer Electronics

India is one of the world's largest producers of e-waste in South Asia, generating 1.6 million tonnes of discarded material, almost 67 per cent of this is unprocessed

These devices give the best sound quality and are soft to wear even for hours

Fresh merchandise flew off shelves for retailers during the long weekend

Celebrity chef Sanjeev Kapoor-backed kitchen appliances brand Wonderchef aims to reach a revenue target of Rs 820 crore in FY25, said its founder and CEO Ravi Saxena. Saxena, on the sidelines of the launch of the cooking robot Chef Magic at the Consumer Electronics World Expo, said the homegrown brand has positioned itself at the top of the ladder in premium and innovative appliances. "In FY24, we posted sales of about Rs 700 crore, and we are planning to touch about Rs 820 crore in FY25, on account of new product ranges, distribution expansion, and the e-commerce segment -- which brings in about 30 per cent of sales for the company," he told PTI. Saxena further said Wonderchef is planning to list its IPO in 2026. Chef Magic is an all-in-one kitchen robot that enables fully automatic cooking. Loaded with over 200 in-built recipes across cuisines by Chef Sanjeev Kapoor, the IoT-enabled interface will feed in new recipes every week. Saxena said he drew the inspiration for Chef Magi

The 55-inch TV category is fast becoming a bigger chunk of the market for the company, recording a growth of 30-35 per cent

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.

Mukesh Ambani's company aims to open its own manufacturing plants, expanding Wyzr's product range to include TVs, washing machines, refrigerators

Amber group, a homegrown contract manufacturer for HVAC and consumer electronics, on Thursday said it has formed a 50 per cent JV with Resojet, a Radiant Group Company, for manufacturing fully automatic washing machines. This will help Amber group expand its footprint in the consumer durables space, beyond room air conditioners, a joint statement said. An Amber Enterprises spokesperson said, This joint venture is a significant step forward for Amber Enterprises as we continue to expand our presence in the consumer durables market. By partnering with Resojet, we gain access to their expertise in manufacturing washing machines, allowing us to offer a wider range of high-quality products to our customers. "Resojet is excited for this partnership, together we shall bring more value for our customers & also further strengthen groups association for various other consumer electronics & durable products, a Radiant group spokesperson said. Earlier in January, Amber Group had announced

From Rabbit R1 AI device to Anker power station, here are five interesting products unveiled at the Consumer Electronics Show event this year

The tablet provides the sensation of writing on a paper and allows users to combine and rearrange handwritten or typed notes

The Asus AirVision M1 is not a standalone device, but a peripheral that connects with a range of devices with support for DisplayPort Alt mode over USB-C

On January 1, Surya Roshni had said that it's lighting and consumer durable business is debt free i.e. completely borrowing free segment as on December 31, 2023.

The first public demos of Project Mockingbird, McAfee's Deepfake Audio Detection technology, will be available onsite at the Consumer Electronics Show 2024

A series of upcoming products have been announced by Samsung, including the Neo QLED TV with built-in AI, Premiere 8K Projector, and a new dedicated gaming controller

Set to launch at the CES 2024 in US in January, the LG Gram Pro 2024 series would by powered by Intel's latest Core Ultra processors, which boasts new neural processing unit (NPU) to run on-device AI

Leading home appliance and consumer electronics makers witnessed pickup in sales in the wedding season, mostly on demand for entry-level mass products from non-metro cities of the hinterland. The industry, which concluded the festive sales with a growth of 15-20 per cent mainly driven by premium products, got a further boost during the wedding season. In November, after getting some initial responses, companies including LG, Godrej Appliances, and Panasonic extended their festive offers along with financing schemes on products ranging from washing machines, refrigerators, TVs, micro ovens to small kitchen appliances. Consumer Electronics and Appliances Manufacturers Association (CEAMA) President Sunil Vachani said the ongoing wedding season is anticipated to boost the demand for mass and entry-level segments of the industry. Many companies experienced a positive trend in November, thanks to the festive spirit of Diwali and the ongoing wedding season, he said. A survey by industry

Consumer electronics maker Sony India expects a 15-20 per cent growth in this fiscal with the trend of premiumisation in the Indian TV and audio market helping it make a turnaround, a top company official said. The company's premium television category comprising screen size of 55 inches and above along with audio products would be the "key growth drivers" for Sony India, as the trend of premium products has evolved in the country, Sony India Managing Director Sunil Nayyar said. "FY24 is also looking very promising. We are looking forward to a growth of 15 to 20 per cent (by value) as an overall company and of course, needless to say, profitability is also going to be good," Nayyar told PTI. Sony India, a wholly owned subsidiary of Japan's tech major Sony Corporation, had recently in a RoC filing reported a 31.8 per cent increase in profit for 2022-23 and its revenue from operations was up 23.1 per cent to Rs 6,353.74 crore. Earlier Sony India was struggling with a fall in revenue

The company is entering the market for the second time as it is confident of India's robust economic growth and surging consumer demand

Consumer electronics major Thomson will enter the laptop market in India in the next two quarters and is also considering to export smart TVs and other products manufactured in the country to foreign markets, a company official said on Wednesday. Thomson, owned by Technicolor SA, said it is "pretty satisfied" with the quality and standards of manufacturing by its India brand licensee Super Plastronics Pvt Ltd (SPPL), which is investing Rs 300 crore to set up a fully-automated plant at Hapur in UP to increase its manufacturing capacity to 2 million TV units per annum. Thomson, which sells laptops in niche markets such as the US, France and other parts of Europe, will enter the laptop segment in India in the next two quarters in the entry, mid, and premium segments. India is one of the fastest growing markets for Thomson, which re-entered India through SPPL in 2018 after 15 years and is aiming to be among the top five global markets, said the company's Technicolor Trademark Licensing

Buoyed by a good start with Onam in the southern markets, the appliances and consumer electronics industry expects around 18-20 per cent value-driven growth this festive season which is coinciding with the ICC Men's Cricket World Cup. The cricket World Cup tournament is coinciding with the festival season in India for the first time after 1987, and the industry expects the country's most popular sport to act as a catalyst, leading to growth in sales of TV, especially with bigger screen sizes as well as audio products such as battery-powered party speakers, soundbars, wireless headphones and ear buds. TV makers, including LG Electronic, Panasonic and Thomson, expect increased number of replacements of conventional and small-size TV screens with large-size smart TV panels above 55 inch screen size. Premium and ultra-premium ranges of QLED and OLED TVs are also expected to be in much demand during the World Cup from October 5 to November 19. The industry expects overall sales growth of