Indian smartphone brand Lava has emerged as the fastest-growing player in the crucial Rs 10,000-Rs 20,000 segment for both 2023 and the final quarter of the year, according to market research firm Counterpoint. This achievement underlines the company’s success in navigating the highly competitive Indian smartphone landscape. Throughout 2023, Lava witnessed growth, particularly in the […]
Google has told suppliers to start making its Pixel smartphones in India by the next quarter at the earliest, as part of the search engine giant’s aim to further diversify its supply chain away from China and capture the booming Indian smartphone market, Nikkei Asia has reported. As per the news report published on Thursday, […]
Indian electronics players seek tax reductions and export opportunities to sustain the ‘Made in India’ momentum and compete with challenges posed by Chinese brands The spike in ‘Made in India’ items seen in the Indian sector last year, combined with the exit of numerous Chinese brands, has created opportunities for local players. However, competing directly […]
As India’s consumer industry stands at the cusp of a monumental transformation, with projections indicating it will become the world’s third-largest market by 2027, leaders in the retail sector are keenly awaiting the Interim Union Budget for FY 24-25 At the precipice of a significant shift in India’s consumer industry, poised to secure its position […]
In a significant development, the Competition Commission of India (CCI) has granted approval for the complete acquisition of Wistron Infocomm Manufacturing (India) by Tata Electronics. The proposed deal involves the acquisition of the entire equity share capital of Wistron Infocomm Manufacturing (India) from SMS Infocomm (Singapore) and Wistron Hong Kong by Tata Electronics, a greenfield […]
Indian exporters on Amazon Global Selling experienced a surge in business during the Black Friday and Cyber Monday (BFCM) shopping events held globally between November 17-27. The 11-day sale period saw over 80 per cent business growth compared to the usual 11-day period starting 20 October, and a 25 per cent growth compared to last […]
Tech major Lenovo on Friday said that it is launching Preferential Market Access (PMA) compliant PCs with its ‘made in India’ motherboard, underscoring its commitment to strengthen and expand its manufacturing footprint in the country. The company said the move has qualified it for the Class 1 PMA bracket with over 50 per cent of […]
Amazon is targeting merchandise exports worth USD 20 billion from India by 2025 by adding thousands of small sellers to its e-commerce platform, a company official said on Friday. “We are very encouraged by the number of entrepreneurs who signed up this year. We are looking to scale up,” Bhupen Wakankar, director of global trade, […]
With Apple’s popularity and its prospering consumers, sales of the iPhone 15 have been estimated to grow by 100 per cent in comparison to that of the iPhone 14 series on the first day, according to a media report on Saturday. The high demand is attributed to the ‘made-in-India’ tag for iPhone 15 and iPhone […]
iPhones made in India increased in volume and value last year as Apple moved to shift some of its production away from China to diversify its supply chain, South China Morning Post reported. In 2022, the shipment volumes of iPhones manufactured in India increased by 65 per cent year on year. In addition, the value […]
