Electronics

Following the government’s Goods and Services Tax (GST) reduction on consumer electronics, air conditioners (ACs) and televisions (TVs) are expected to witness a significant price drop. The move is aimed at making home appliances more affordable, stimulating consumer demand, and boosting domestic sales ahead of the festive season. Industry analysts predict that the tax cut could lower prices by 3–5%, benefiting both mid- and high-end products. Manufacturers are likely to pass on the savings to consumers, while retailers anticipate increased footfall and sales volume.

The Uttar Pradesh government has approved a new electronics manufacturing policy designed to position the state as a leading hub for high-tech production in India. The policy focuses on attracting fresh investments, creating employment opportunities, and enhancing the state’s role in the global electronics supply chain. With incentives for manufacturers, infrastructure expansion, and targeted support for startups, the initiative aims to strengthen domestic production while reducing reliance on imports.

Bengaluru-based Cuzor, a technology-driven startup specializing in power management and connectivity solutions, has raised Rs. 5 crore in funding from Ramesh Kannan, Managing Director of Kaynes Technology. The infusion of capital marks a significant step in the company’s growth trajectory, providing resources to scale operations, expand product offerings, and strengthen its market positioning.

A transformative partnership between the Advanced Computing Consortium (TACC) and the Center for Graphene Technologies (CGT) is set to redefine the global innovation landscape. The collaboration aims to accelerate the commercialization of graphene—a material lauded for its strength, conductivity, and versatility—by combining cutting-edge computational research with applied industrial expertise. Through this initiative, the two organizations seek to unlock graphene’s potential across sectors such as electronics, energy storage, healthcare, and advanced manufacturing.

Bhagwati Products, a key player in India’s electronics manufacturing ecosystem, has unveiled an ambitious plan to achieve Rs. 15,000 crore in revenue in the coming years, underlining its confidence in the country’s rising demand for consumer electronics and components. The company, which has steadily expanded its production capacity and diversified its portfolio, is positioning itself as a critical beneficiary of the government’s “Make in India” and Production-Linked Incentive (PLI) initiatives.

Uttar Pradesh has unveiled an ambitious electronics policy under the leadership of Chief Minister Yogi Adityanath, aimed at positioning the state as a global hub for electronic manufacturing and exports. The policy seeks to attract large-scale investments, create employment opportunities, and build an ecosystem aligned with India’s larger goal of self-reliance in technology and manufacturing.

Samsung is extending its One UI software platform beyond smartphones and tablets to include home appliances, signaling a significant shift in smart home integration. The move aims to provide users with a seamless, intuitive experience across devices, enabling greater control and connectivity through a single interface. By standardizing interactions and enhancing cross-device functionality, Samsung is positioning itself at the forefront of the smart home market.

In a move underscoring its long-term commitment to India, Taiwan-based electronics giant Foxconn has appointed Robert Wu as the new head of its India operations. The appointment comes at a time when India is emerging as a key manufacturing hub in Foxconn’s global supply chain, particularly in the electronics and semiconductor sectors. Wu’s leadership is expected to accelerate the company’s investment programs, strengthen local partnerships, and scale up production to meet rising demand from global clients, including Apple.

India’s consumer durables market is set for a shift as air conditioner (AC) prices are expected to decline by approximately Rs. 2,500 following a Goods and Services Tax (GST) revision. The government’s move to ease tax rates on appliances comes as part of a broader strategy to stimulate demand, enhance affordability, and support the middle class during the upcoming festive season. Industry leaders anticipate a boost in sales volumes as lower costs make premium and energy-efficient models more accessible, thereby benefiting both manufacturers and consumers alike.

Silver Consumer Electricals Ltd., a prominent name in India’s home appliances and electrical goods sector, has filed for an initial public offering (IPO) to raise Rs. 1,400 crore. The proposed issue includes both a fresh equity component and an offer for sale (OFS) from existing stakeholders. Proceeds from the offering will be channelled into business expansion, working capital needs, and debt reduction, positioning the company for sustained growth.