Electronics Industry

Appliances industry expects 15% growth in 2025 on back of premiumisation

The appliances and consumer electronics industry expects 10-15 per cent growth in 2025 on the back of premiumisation trend, which is driven by rising incomes, changing preferences towards energy-efficient, and connected products with innovative features such as AI and increasing desire for global quality products. The year 2024 was transformative for the industry, in which it bounced back despite challenges such as rising raw material costs, price hikes, and supply chain disruptions, and displayed resilience by embracing technology and innovation. The industry, which contributes 0.6 per cent of the GDP, is witnessing a transformative shift towards premiumisation, increasing the average sale price (ASP), driven by rising income, and young demography with changing preferences. Besides, factors such as a growing economy, urbanisation, real estate growth, and increasing penetration into smaller markets like tier-III cities and further, will also help the industry grow. "Looking ahead,

ESC calls for incentives to promote R&D, innovation in electronics

Electronics and Computer Software Export Promotion Council (ESC) has batted for further calibration of Design Linked Incentive (DLI) scheme to make it more broad-based and impact-oriented. The industry body has made a strong pitch for incentives to promote R&D and innovation in capital-intensive electronics hardware sector during a recent interaction with Finance Minister Nirmala Sitharaman, a release said on Sunday. ESC has also sought additional income tax reduction for Indian corporates spending over 3 per cent of their turnover to advance R&D and filing patents/designs in India. "In an exclusive interaction with Finance Minister Nirmala Sitharaman and other senior officials of the Ministry of Finance recently, the...export promotion council...said that a well-calibrated incentive system designed to empower industry players could motivate nascent industry units to move in the R&D value chain in cutting-edge technology domains like AI, IoT, telecom, and embedded ...

Electronics exports soar 28% in Apr-Nov of FY25, led by smartphone surge

Become fastest-growing among India's top-10 exports, take 3rd place

Samsung plans comeback in AC segment, to launch over a dozen models

Appliances and consumer electronic maker Samsung India is planning a comeback into the residential air-conditioner market, which witnessed unprecedented sales growth in summer this year. The company is planning to launch over a dozen models of inverter ACs for its 2025 lineup in the next few weeks, expanding the total number of stock-keeping units (SKUs) to 15-16, an industry insider told PTI. Its room air conditioner (RAC) will have Samsung's DNA of smart features such as its propriety Bespoke AI solutions, targeting consumers looking to buy premium ACs and extra features, he said. A decade back, Samsung was the second-largest player in the RAC segment, having over 15 per cent market share in the 2014-15 fiscal year. However, Samsung lost steam in the segment after the company diverted its resources and energy to high-growth areas such as mobile phones, smart TVs, LED displays, etc. The Indian appliances market is witnessing a trend of premiumisation, where consumers are picking u

India's EV market to reach Rs 20 trn by 2030, create 50 mn jobs: Gadkari

Nitin Gadkari appealed to the EV manufacturers to expand production capacity while maintaining high-quality standards to meet the fast-growing domestic as well as export demand

Electronics component manufacturers eye govt support in Budget 2025

Electronics manufacturers hope for a production-linked incentive scheme in the upcoming Budget, while the government hopes production can move to Tier II towns to generate jobs

IT Ministry seeks Cabinet nod for Rs 40,000 cr electronics package in Dec

The financial package would include subsidies for capital expenditure and production-linked incentives to encourage job creation and develop an ecosystem for electronic component manufacturing

India's tablet, PC market grows 46% in Jul-Sep, iPad leads with 34% share

India's tablet PC market grew 46 per cent annually in the July-September quarter of this year and Apple's iPad led the segment with 34 per cent share, market research firm CyberMedia Research (CMR) said on Wednesday. According to the report, tablets in the price range of Rs 20,000-30,000 saw a significant 108 per cent YoY increase, highlighting a shift towards premium devices. "Tablet PC India Market Report Review for the third quarter of 2024: the Indian tablet market experienced a remarkable 46 per cent Year-on-Year (YoY) growth, and an impressive 79 per cent Quarter-on-Quarter (QoQ) growth in the third quarter of 2024. This surge is primarily driven by the rapid adoption of 5G tablets and a wave of premiumization in the market," the report said. Apple led the Indian tablet market with a commanding 34 per cent share and a robust 95 per cent year-over-year (YoY) growth. "The new Apple iPad 10 Series contributed to 60 per cent of Apple's shipments, underpinning Apple's strong momen

LG Electronics India posts 7% revenue growth, 12% rise in profit for 2024

In its segment-wise revenue, LG reported Rs 5,672 cr from the home entertainment division, under which it sells televisions, audio systems, DVDs, monitors, and security cameras, among other products

Computer, electronics sectors add highest workers after Covid: ASI data

Only industry groups with more than 1,000 operating factories have been taken into consideration

France's Thomson enters Indian audio market with launch of TV soundbars

French consumer electronics brand Thomson, through its brand licensee Super Plastronics Pvt Ltd (SPPL), on Thursday announced its foray into the Indian audio market with the launch of soundbars here. Thomson, which is already present here in the TV and other appliances segments, also has plans to expand its play into the audio segment by launching more products in the soundbar and entering into the larger speaker and party speakers segment, SPPL CEO Avneet Singh Marwah said. As part of SPPL, it has invested Rs 50 crore to set up a new manufacturing unit at its existing Noida plant, which will produce half a million units in a year, he added. "We are aiming to have a 10 per cent market share of the audio segment in the online channels," Marwah said. According to Marwah, the Indian audio market is experiencing rapid growth. Sales of products such as soundbars have increased after a rise in sales of 4K smart TVs and the growing consumption of OTT content. "Now 85 per cent of customer

Electronics sector to discuss tariff, reforms with PMO, finance ministry

The electronics manufacturing sector will hold meetings with the Prime Minister's Office (PMO) and the Ministry of Finance to discuss '$500 billion by 2030' goal

Corning bullish on mobile, life sciences; commits Rs 1,500 crore investment

High-tech glass company Corning is bullish on growth from mobile consumer electronics and life sciences businesses in India, a senior company official said on Thursday. The automotive and optical fibre business is the biggest revenue contributor to the company in the country, at present. Corning which started business by providing glass cover for bulb invented by Thomas Alva Edison has expanded into several verticals to provide glass technology ranging from electronics display protection cover for mobile, television displays, semiconductor manufacturing, space telescopes to glass based packaging for labs, vaccines etc. "We waited for ecosystem to be established in India where we are seeing now global players are already establishing footprints to manufacture smartphones, and we just want to be a part of the supply chain. India is now becoming a rising star. We want to just be part of the story," Corning International, division vice president and general manager Gokhan Doran told ...

Electronics exports among top 3: PM Modi credits 'Yuva Shakti' for feat

PM Modi reposted Ashwini Vaishnaw's post on X citing Business Standard's front page story in Monday's edition, which reported that electronics exports were among top 3 categories in India

Electronics industry needs to share production data: Meity official

The government has access to import and export data but wants the electronics industry to share production statistics for policy formulation, a Meity official said on Friday. The government has been sharing electronics production data in the country based on estimates of industry bodies, especially the India Electronics and Cellular Association. "We don't have any kinds of production data. That's very important. When we formulate policy, we need to know how much we are producing and what we are producing. So that we actually know the exact figure. We have DGIS, where we can get import data and export data. Industry has to support the government by sharing the data," Meity Scientists G and Group Coordinator Asha Nangia said. She was speaking at an event organised by CII in collaboration with ICEA on Building a Resilient Supply Chain for Electronics and Semiconductor Industry. According to ICEA, mobile phone production has increased around 18.5 times from Rs 18,900 crore in 2014-15 t

Budget 2024: MeitY's budget outlay jumps 52% to Rs 21,936 crore for FY25

MeitY runs multiple incentive schemes and programmes in areas such as semiconductor manufacturing and design, electronics manufacturing, and the India AI Mission, among others

Samsung in talks with component partners to boost operations in India

Samsung views India as a crucial market with Noida and Bengaluru becoming one of its biggest R&D centres, and is in talks with Indian component partners to strengthen its operations, a senior official said. Samsung Electronics President and Head of Mobile eXperience (MX) Business TM Roh was speaking at a media roundtable here on the sidelines of Samsung Unpacked 2024. "The Indian market is very important to Samsung. We have operated the manufacturing facility since 1996, and we also have R&D centres in India. Noida and Bengaluru R&D centres have become one of the biggest R&D centres of Samsung and MX business. "They are busy developing flagship products as well as contributing to the development of Galaxy AI technologies," Roh said, adding that these collaborations and efforts will continue in the future. In January this year, Roh termed India as one of Samsung's important manufacturing bases and said that the Korean electronics major will start manufacturing laptops ..

To boost electronics production, ICEA demands lower input tariffs in Budget

Ahead of the Union Budget, India Cellular & Electronics Association (ICEA) has recommended reduction in input tariffs for building a strong components ecosystem. ICEA based its recommendations on a "tariff study" it conducted across seven competing economies, including India. "...high tariffs on inputs limit the very engine of growth that would lead to higher production. High tariffs on inputs reduce exports because they become uncompetitive, leading to lower production of the final product, i.e., mobile phones. Addressing this requires a reduction in tariffs on inputs. "We recognise that developing the domestic supply chain is extremely critical but the right way is not by protecting with high tariff but drastically reducing disabilities by creating competitiveness and infuse incentive schemes wherever there are gaps," the report, which was released on Tuesday, said. To attract global value chains (GVCs) and increase the scale of production, ICEA said all tariff lines that ...

Budget wish list: Component PLI top demand of electronics companies

Manufacturers aim at attracting global value chains, scaling up production

CII says reducing dependence on China 'critical' for electronics industry

It recommended 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