Consumer Electronics

Consumer durable industry returns to steady growth path in 2019; economic slowdown a threat for 2020

The consumer durables sector, estimated to be around Rs 76,400 crore in FY'19, logged a growth rate of about 10 percent, largely helped by long and harsh summer, which lifted sales of compressor-based cooling products such as AC and refrigerators.

Govt scraps 5% import duty on open cell TV panel; move will make LED TVs cheaper

In a bid to boost domestic manufacturing, the government has removed 5 percent customs duty imposed on import of open-cell TV panel, which are used in the manufacturing of LED TVs

TV makers hail scrapping of import duty on open cell panel, manufacturing cost to go down by 3%

The television industry has welcomed the government's decision to scrap the customs duty on import of open cell TV panels, saying the move will boost domestic manufacturing

Union minister Ravi Shankar Prasad to meet electronics industry CEOs to discuss sector issues, export ambitions

The government will meet CEOs and top brass of electronics and smartphone makers, including Apple and Samsung, on 16 September to discuss challenges being faced by them and incentives and schemes that can be offered to position India as the 'electronics factory' of the world

Hike in customs duty may impact festive sales, consumer durable industry; prices of large appliances to go up 3-5%

Government's decision to double the basic customs duty on ACs, refrigerators and washing machines to 20 percent from the existing 10 percent would encourage domestic manufacturing

Videocon goes bankrupt: Bids invited for debt-ridden firm under insolvency resolution process

The corporate insolvency resolution process (CIRP) of Videocon Industries Ltd (VIL), which has debt of around Rs 20,000 crore, was commenced under the Insolvency and Bankruptcy Code (IBC) following an order by the NCLT Mumbai on 6 June 2018.

The solid-state lithium-ion battery vying to make consumer tech a whole lot safer

As long as the electrodes don't touch each other, the battery won't catch fire.

Samsung cuts prices of electronic items including TVs, fridges, washing machines to pass on GST reduction

Last week, the GST Council brought down tax rates to 18 percent from 28 percent on 15 items, including vacuum cleaners, washing machine, 68 cm (27 inch) TV, fridge, laundry machines, paints, hand dryers, food grinders and varnishes

Budget 2018: Consumer durables, home appliances makers bats for manufacturing incentives

Consumer durables and home appliances makers like Godrej Appliances, Panasonic, Philips Lighting and Intex want the government to lower taxes, give incentives to local manufacturing and increase customs duty on imports

Gemalto announces full eSIM compliance with GSMA's Security Accreditation Scheme

Gemalto claims to be the first on the world to demonstrate full compliance with the Security Accredation Scheme of GSMA.