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  • Festive sale: Appliance makers woo customers with extended warranties, cashbacks and easy finance Aug 13, 2021 10:12 AM IST

    Festive sale: Appliance makers woo customers with extended warranties, cashbacks and easy finance

    White goods firms are hoping to improve revenue that was hit in the summer months due to the second wave of COVID-19. Onam kicks off the festive season sales in India. Sales during the 10-day festival offers a glimpse of how the rest of the season could pan out for consumer durables firms.

  • WFH impact? Godrej Appliances enters dishwashers category Jul 20, 2021 03:28 PM IST

    WFH impact? Godrej Appliances enters dishwashers category

    The new Godrej Eon Dishwashers have a starting price of Rs 37,900 plus taxes. Godrej Appliances is eyeing 15 percent market share in this category by FY22 end.

  • PLI Scheme for large scale electronics manufacturing extended by one year: FM Nirmala Sitharaman Jun 28, 2021 04:22 PM IST

    PLI Scheme for large scale electronics manufacturing extended by one year: FM Nirmala Sitharaman

    This scheme was to begin in 2020-21 and continue for a period of five years. Finance Minister Nirmala Sitharaman said that this scheme will now continue till 2025-26.

  • Tata Group's Croma eyes expansion of physical presence, to open 75 stores in FY22 Jun 23, 2021 01:42 PM IST

    Tata Group's Croma eyes expansion of physical presence, to open 75 stores in FY22

    As of June 16, Croma had 154 stores out of 193 stores that were open atleast a few days in a week. In FY20, their revenue stood at Rs 5,173 crore, as per ROC filings. Ghosal said that the revenue grew by 4 percent YoY in FY21.

  • COVID-19 demand: US-based Molekule enters India market with its range of air purifiers Jun 07, 2021 05:01 PM IST

    COVID-19 demand: US-based Molekule enters India market with its range of air purifiers

    The Air Mini is priced at a discounted rate of Rs 31,999 on Amazon while the original retail price is Rs 37,999. The Air Mini+ is available at a discounted rate of Rs 36,999 on Amazon while the original retail price is Rs 45,999.

  • PLI Scheme: Ball in electronics ministry's court as appliance makers seek revision in base year Jun 01, 2021 12:27 PM IST

    PLI Scheme: Ball in electronics ministry's court as appliance makers seek revision in base year

    Appliance makers have cited COVID-19 led lockdown and restrictions to seek a change in the base year over which the incremental sales will be calculated

  • Price rise pinch: Appliance set to be 10-15% costlier as commodity rates go up May 26, 2021 02:02 PM IST

    Price rise pinch: Appliance set to be 10-15% costlier as commodity rates go up

    Appliance makers had already raised prices in February due to a shortage of key components and an increase in metal prices globally

  • TV prices set to rise again as govt considering customs duty hike on open-cell panels May 04, 2021 01:21 PM IST

    TV prices set to rise again as govt considering customs duty hike on open-cell panels

    The government wants to incentivise local manufacturing by increasing customs duty. The plan is to increase the duty by up to 12 percent in three years from the current 5 percent. In Sept 2019, the CBIC had said there will be no hike in cutoms duty if manufacturers develop domestic capacity

  • Semiconductor shortage may choke laptop supply ahead of new academic session Apr 26, 2021 03:02 PM IST

    Semiconductor shortage may choke laptop supply ahead of new academic session

    Laptops could be in short supply in India because of the scarcity of semiconductor chips made in China. The shortage comes during the peak-demand period of March-June, which accounts for 40 percent of sales in India

  • Maharashtra COVID-19 restrictions: White goods output to halt in peak season; confusion over exports Apr 14, 2021 12:47 PM IST

    Maharashtra COVID-19 restrictions: White goods output to halt in peak season; confusion over exports

    New restrictions in the state bar all non-essential manufacturing, which means makers of white goods cannot supply fans, air conditioners and refrigerators in the peak summer season

  • White-goods makers seek cheap land parcels to expand manufacturing under PLI scheme Apr 02, 2021 10:29 AM IST

    White-goods makers seek cheap land parcels to expand manufacturing under PLI scheme

    Appliance makers want real estate to be offered at subsidised rates so that they can set up new manufacturing facilities under the production-linked incentive scheme. The India business head of a global appliance maker told Moneycontrol that about 70 percent of the costs involved in setting up a manufacturing unit pertain to acquiring land

  • Thomson enters air cooler category in India, plans to capture 15 percent market in 2 years Mar 31, 2021 01:17 PM IST

    Thomson enters air cooler category in India, plans to capture 15 percent market in 2 years

    Thomson products will be priced at Rs 5,999 for the window cooler and Rs 7,999 and Rs 9,499 for the desert coolers respectively.

  • Summer sales of appliances will offset COVID-19 impact on consumer durables sector: CARE Ratings Mar 30, 2021 01:44 PM IST

    Summer sales of appliances will offset COVID-19 impact on consumer durables sector: CARE Ratings

    Consumer electronics and appliances industry had seen demand contraction in Q1FY21 due to the COVID-19 outbreak and subsequent lockdown restrictions

  • Havells launches ceiling fan with air purifier Mar 22, 2021 03:13 PM IST

    Havells launches ceiling fan with air purifier

    This is the first such product in the Indian market and will be priced at Rs 15,000.

  • LED makers want ban on Chinese lighting product imports to India Mar 19, 2021 02:19 PM IST

    LED makers want ban on Chinese lighting product imports to India

    They say Chinese lights are inferior in quality and hence priced significantly cheaper, which is impacting their business; call for 50 percent customs duty imposition on imported products

  • Signify launches tailor-made 3D printed luminaires in India Mar 18, 2021 04:50 PM IST

    Signify launches tailor-made 3D printed luminaires in India

    The products, with starting price at Rs 2,500, can be re-designed to suit a customer's specific needs.

  • TV prices set to rise again, from April 1, calls increase for inclusion in PLI scheme Mar 08, 2021 01:37 PM IST

    TV prices set to rise again, from April 1, calls increase for inclusion in PLI scheme

    Chinese manufacturers that are the sole source of obtaining panels for making televisions have arbitrary increased prices again.

  • Explained: Here’s why global electronics firms want to Make in India Mar 03, 2021 02:58 PM IST

    Explained: Here’s why global electronics firms want to Make in India

    Delays in product and component arrivals, higher import duties, and the incentives being offered to encourage local manufacturing are pushing more companies to begin manufacturing operations in India. Currently, the consumer durables market in India is estimated to be worth Rs 65,000 crore and products made 100 percent in India account for less than 10 percent of this pie

  • BSH Home Appliances eyes a bigger slice of the Indian appliance market pie, focusses on more made-in-India products Feb 17, 2021 01:39 PM IST

    BSH Home Appliances eyes a bigger slice of the Indian appliance market pie, focusses on more made-in-India products

    German firm already starts shifting production of goods from China to India. Company to enter the cooktop segment in India in August 2021 through the Bosch brand to complete their product suite in the kitchen segment.

  • Too much technology at home not a good thing - here is why Feb 13, 2021 08:01 AM IST

    Too much technology at home not a good thing - here is why

    Smart homes with connected appliances is the new trend in India. But, are ignoring the dangers of leaving technology unattended?

  • Godrej Appliances launches ultra-low temperature freezers for vaccine storage Feb 09, 2021 04:32 PM IST

    Godrej Appliances launches ultra-low temperature freezers for vaccine storage

    These advanced medical freezers can preserve life-saving medical supplies including critical vaccines below -80°C and are aimed at boosting both Indian and global medical cold chain.

  • Explained: Why the Union Budget's hike in customs duty in LED components may end up helping Chinese imports Feb 08, 2021 02:31 PM IST

    Explained: Why the Union Budget's hike in customs duty in LED components may end up helping Chinese imports

    Customs duty hike is imposed only on components used in LED light manufacturing and not on fully imported LED lighting.

  • Explained: Here's why your favourite laptop could be out of stock Feb 04, 2021 01:33 PM IST

    Explained: Here's why your favourite laptop could be out of stock

    The Coronavirus-induced lockdown had shut down all production facilities globally. The sudden demand for laptops, thanks to work-from-home, has triggered an acute shortage of chips that are crucial for running PCs

  • Panasonic launches ACs with nanoe X technology to fight COVID-19 Jan 28, 2021 02:58 PM IST

    Panasonic launches ACs with nanoe X technology to fight COVID-19

    Panasonic’s nanoe X air conditioners are tested for the inhibitory effect on the novel coronavirus at the Texcell Laboratory in France.

  • Onsitego sees rise in demand for repair, servicing of appliances Dec 23, 2020 08:37 PM IST

    Onsitego sees rise in demand for repair, servicing of appliances

    Mumbai-based Onsitego which offers after-sales services including repairs, annual maintenance, and extended warranty for appliances plans to become a one-stop shop for all customer needs.

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