Electronic Goods
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AC Sales Set to Reach 14 million Units Annually in 2024, Says CEAMA
Sales numbers in May were phenomenal, and for this industry also, the demand has been extremely good. In summer months itself, this will represent volume growth of 30 to 40 per cent," said Sunil Vachani, President, CEAMA. The steady increase in the temperature with the frequency of the heatwaves is definitely making air conditioning more of a "must-have" for urban Indian households, Vachani added.
April Sees a 25.8% Surge in India's Electronic Goods Exports Year-on-Year
April witnessed a substantial increase in India's total exports, encompassing both merchandise and services, reaching an estimated $64.56 billion, marking a significant growth of 6.88% compared to April of the previous year.
India Set to Achieve Electronic Goods Production of $115 Billion in FY24, With Mobile Phones Accounting for $50 Billion
In the ongoing financial year, India has already exceeded the milestone of $100 billion in electronics manufacturing, with a significant contribution of $44 billion coming from the production of mobile phones.
DRI Conducts Searches at Havells India Office
Havells India confirmed that the search operation was carried out by the DRI, an agency responsible for curbing smuggling and investigating cases of commercial fraud.
Govt notifies changes in PLI scheme for ACs, LED lights
The changes that have been adopted include the cost-plus method in place of CUP (comparable uncontrolled price) method for calculation of sales prices in case of captive consumption or supplies to group companies which also required amendment in the definition of 'arms length'.
Proposals worth Rs 7,800cr approved to enhance armed forces' operational capabilities
The Defence Ministry said this decision has been taken to enhance the efficiency of the Indian Air Force (IAF), the DAC has granted AoN for procurement and installation of Electronic Warfare (EW) Suite on Mi-17 V5 Helicopters.
Videotex aims to reach Rs 500 cr in revenue by March 2024
Videotex, that currently manufactures over 1.4 million TVs in the country, registered Rs 350 crore in revenue in FY23. Its upcoming manufacturing facility in Noida will be operational soon, taking its total production capacity of 3.2 million TV units, said the company.
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