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Haier India launches 316 series top-load washing machines: Price, features and more

Haier India has announced the launch of its latest 316 Top-Load Washing Machine series featuring Ultra Fresh Air Technology.

Govt may look at addressing inverted duty structures in washing machines, solar glass, air purifiers

Inverted duty structure refers to taxation on inputs at higher rates than finished products that result in the build-up of credits and cascading costs.

Chip-starved firms are scavenging silicon from washing machines

ASML Holding NV Chief Executive Officer Peter Wennink remarked on the situation, without naming the conglomerate, during his company’s earnings call Wednesday.

Consumer durable makers expect double-digit growth in festive season this year

Makers have planned to launch new models along with a 360-degree campaign, cash backs, easy finance options as zero down payment and long-term EMI schemes.

Whirlpool recalls washing machines in UK on fire risk

"We sincerely apologise for the inconvenience and concern this may cause to our customers... but we hope people will understand that we are taking action because people's safety is our top priority," Whirlpool Corporation vice president Jeff Noel said in a statement.

Panasonic eyes 10% market share in washing machines in FY18

Currently, the industry size of this segment is approximately 5 million units. In the washing machine segment, we are aiming to achieve 10 percent market share in the FY2017-18," Panasonic India Home Appliances Head Gaurav Minocha told PTI.

Samsung recalls 2.8 mln washing machines in US

However, the company said it does not expect its consumers in India to be impacted by the recall of about 2.8 million top-load washing machines in the US.

Hometech Digital gets licence for Akai products in India

Hometech Digital, a Paras group firm, is targeting to make Akai among the top five consumer electronics brands in the country, the company said in a release.

Haier Partners with Chennaiyin FC as Associate Sponsor for Indian Super League 2015

Haier, one of the largest Home Appliances & Consumer Electronics and world’s No.1* brand in major appliances for the 6th consecutive year, ...

Haier Announces Increased Investment for Expansion in India; Gets Awarded the 1st `Make In India for Excellence` Award in Home Appliances Category

Haier, the global leader in Home Appliances & Consumer Electronics and World’s Number 1 brand in Major Appliances for the ...

Intex eyes Rs 2k cr sales with consumer durables expansion

The company had reported a turnover of Rs 1,069 crore in the last financial year. Intex Technologies, which at present sells CRT TVs, LED TVs, Induction cooker, is foraying into washing machines category later this month.

Panasonic to boost home appliances if yen drops to 105/$

Japan's Panasonic Corp said it will boost domestic production of washing machines and other appliances to half of its overall output from about a third should the yen weaken to 105 to the dollar, reversing a strategy of shifting production offshore

Haier aims Rs 7,500 cr in 5 years

Consumer durables firm Haier will start manufacturing washing machines, air conditioners and water heaters at its own plant by 2014 instead of outsourcing as it looks for about six-fold jump in revenues to up to Rs 7,500 crore in the next five years.

Budget 2012: 2% across the board hike in excise, service tax in Budget

In a Budget that raised fears of furthering inflationary pressures, Finance Minister Pranab Mukherjee today hiked excise duty and service tax by 2% across-the-board to raise Rs 45,940 crore while offering marginal relief to individuals in income tax foregoing Rs 4,500 crore.