Aug 13, 2021 10:12 AM IST
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.
- Jul 20, 2021 03:28 PM IST
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.
- Jun 28, 2021 04:22 PM IST
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.
- Jun 23, 2021 01:42 PM IST
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.
- Jun 07, 2021 05:01 PM IST
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.
- Jun 01, 2021 12:27 PM IST
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
- May 26, 2021 02:02 PM IST
Appliance makers had already raised prices in February due to a shortage of key components and an increase in metal prices globally
- May 04, 2021 01:21 PM IST
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
- Apr 26, 2021 03:02 PM IST
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
- Apr 14, 2021 12:47 PM IST
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
- Apr 02, 2021 10:29 AM IST
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
- Mar 31, 2021 01:17 PM IST
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.
- Mar 30, 2021 01:44 PM IST
Consumer electronics and appliances industry had seen demand contraction in Q1FY21 due to the COVID-19 outbreak and subsequent lockdown restrictions
- Mar 22, 2021 03:13 PM IST
This is the first such product in the Indian market and will be priced at Rs 15,000.
- Mar 19, 2021 02:19 PM IST
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
- Mar 18, 2021 04:50 PM IST
The products, with starting price at Rs 2,500, can be re-designed to suit a customer's specific needs.
- Mar 08, 2021 01:37 PM IST
Chinese manufacturers that are the sole source of obtaining panels for making televisions have arbitrary increased prices again.
- Mar 03, 2021 02:58 PM IST
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
- Feb 17, 2021 01:39 PM IST
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.
- Feb 13, 2021 08:01 AM IST
Smart homes with connected appliances is the new trend in India. But, are ignoring the dangers of leaving technology unattended?
- Feb 09, 2021 04:32 PM IST
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.
- Feb 08, 2021 02:31 PM IST
Customs duty hike is imposed only on components used in LED light manufacturing and not on fully imported LED lighting.
- Feb 04, 2021 01:33 PM IST
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
- Jan 28, 2021 02:58 PM IST
Panasonic’s nanoe X air conditioners are tested for the inhibitory effect on the novel coronavirus at the Texcell Laboratory in France.
- Dec 23, 2020 08:37 PM IST
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.