Electronics
Audio player QCY forays into India, to set up manufacturing facility in Haryana
Global audio giant QCY is entering the Indian market, planning a manufacturing plant in Manesar, Haryana, with significant investment. Targeting a USD 75-100 million value share by 2026, QCY aims to boost India's wearable tech growth under the Make in India initiative. Six new flagship products across TWS, headphones, and speakers are launching this festive season.
ChrysCapital, InCred invest in Amber subsidiary ILJIN Electronics
ILJIN Electronics India, an Amber Group subsidiary, secured ₹1,200 Crore in funding from ChrysCapital and InCred Growth Partners. ChrysCapital leads with ₹1,100 crore, enabling ILJIN to expand operations, enhance manufacturing, and pursue strategic acquisitions. ILJIN reported strong FY25 revenues of ₹2,194 crore, driven by a 52% CAGR from FY22-25, and is expanding into Battery Energy Storage Systems and industrial automation.
Amber Enterprises raising Rs 1,200 crore for its subsidiary Iljin Electronics
Amber Enterprises India is set to raise Rs 1200 crore from investors like ChrysCapital and Raptor Investments for its electronic manufacturing service business, Iljin Electronics. The funds will fuel Iljin's organic and inorganic growth, with Amber's stake diluting post-investment. Iljin manufactures printed circuit boards for various industries, including automotive and telecommunications.
India's first telecom system with indigenous chips gets TEC certification: IT Minister Ashwini Vaishnaw
India's semiconductor ambitions receive a boost as a telecom system powered by domestically manufactured chips secures TEC certification, signaling a significant stride towards technological self-reliance. This achievement underscores India's growing capabilities in semiconductor design and positions it as a credible player in the global telecom and electronics landscape.
Global MNCs are looking for JVs in India's semiconductor sector: Yes Securities
Multinational companies from around the world are showing growing interest in partnering with local firms through joint ventures to begin operations in India's semiconductor industry, a report by Yes Bank's subsidiary Yes Securities observed after visiting Semicon India 2025.
'Nothing' to open first store in India this year, starts exporting 'Made in India' smartphones
Nothing Co-Founder Akis Evangelidis announced the opening of its first flagship store in India this year, while sub-brand CMF establishes its global headquarters in the country. The company's Phone (3) is now manufactured and exported from India, marking a shift towards building from India to the world. CMF's Global Marketing function has also moved to India.
Apple’s India sales hit record $9 billion after big retail push
Apple's sales in India surged to a record $9 billion last fiscal year, driven by strong iPhone and MacBook demand. This growth, a 13% increase, comes as Apple navigates plateauing global sales and geopolitical uncertainties in China. The company is expanding its Indian retail presence with new stores and strategic initiatives like student discounts to overcome high taxes.
Trump questions Tim Cook's intent to invest 'elsewhere' as Apple deepens roots in India
Donald Trump questioned Tim Cook about Apple's expansion. This happened during a dinner with tech leaders. Cook assured Trump of Apple's US investment. Apple is also boosting iPhone production in India. The company plans to export more to the US. Apple is opening more retail stores in India. India is becoming a key market and manufacturing hub for Apple.
Companies may fire up output by 25% to feed festive frenzy
Indian car, two-wheeler, and electronics manufacturers are ramping up production. They anticipate a surge in demand following Goods and Services Tax (GST) reductions. Automakers expect increased showroom traffic and order volumes, especially for small cars. Electronics firms are expanding production of larger televisions. The GST Council reduced taxes on various items, potentially boosting festive sales.
AC, TV makers cheer over 10% duty cut ahead of festive season; price drop on the cards
Consumer appliance makers anticipate price reductions on large-screen TVs and room air conditioners following GST rate cuts. Televisions above 32 inches could see prices drop by up to Rs 4,000, while air conditioners may become 7-8% cheaper. This move is expected to boost sales, increase product penetration, and encourage local manufacturing, particularly benefiting air conditioner sales during the festive season.
Must Watch
Andhra Pradesh govt clears Rs 856 cr incentive for India's largest printed circuit board plant
Andhra Pradesh government has approved a Rs 856 crore incentive for Syrma SGS. The company will establish India's largest printed circuit board plant. The investment for this project is Rs 1,595 crore. The project is in partnership with Korea's Shinhyup Electronics. The plant will be located in Naidupeta. It is expected to be commissioned by October 2026.
NITI Aayog calls for a national programme to develop 2D Materials
In its fourth edition of the Future Front Quarterly Insights series, titled “Introduction to 2D Materials”, developed in collaboration with the Indian Institute of Science (IISc), Bengaluru, the Aayog calls for building a resilient innovation ecosystem, self-reliance in critical material access, and strategic international partnerships for India to leap-frog in technological advancements.
GST on mobile phones after reforms: Will your next phone get cheaper?
India's GST revamp, effective September 22, simplifies tax slabs to boost spending, but mobile phones remain taxed at 18%, despite industry requests for a lower 5% rate.
SEMICON India 2025: The future of chips is being shaped in India, says Ashwini Vaishnaw; shares 13 key announcements
Semicon India 2025 witnessed significant strides in India's semiconductor journey, marked by collaborations and product launches. The India Deep-Tech Investment Alliance committed $1 billion to deep tech companies, while Tata Electronics partnered with Merck and C-DAC to bolster manufacturing and design.
Electronics items to see price cuts; ACs, dishwashers likely to see reduction of Rs 3,500-4,500 apiece
Aspirational consumer electronics like large-screen TVs, ACs, and dishwashers are set to become more affordable. Chief executives anticipate an 8-9% price reduction following a significant 10 percentage point cut in GST rates. While sales might dip temporarily as consumers delay purchases, pent-up demand is expected to compensate for this slowdown.
ACs, TVs, washing machines to get cheaper as govt slashes GST rates
The Goods and Services Tax (GST) Council has reduced tax rates on several consumer goods. Air conditioners and large televisions will now be taxed at a lower rate. This decision aims to boost sales during the festive season. Experts predict that prices of appliances will decrease. The move is expected to increase demand and improve affordability for consumers.
