INDIA MOBILE PHONE EXPORTS
India catching up with China, Vietnam on phone exports
India is rapidly narrowing the gap with China and Vietnam in mobile phone exports. In FY24, while mobile phone exports from China and Vietnam declined by 2.78% and 17.6% respectively, Indian exports surged by 40.5%, according to officials citing global trade data. India has captured nearly 50% of the reduction in mobile phone exports from these two countries, aligning with its objective of absorbing a significant portion of the supply chain shift from China.
Mobile phone exports: India captures 50% share of fall in shipment from China, Vietnam
India's proactive strategies in capturing supply chain shifts, coupled with diversification efforts through the China+1 strategy, have propelled the country into a leading position in mobile phone exports. The remarkable growth in exports, particularly in the iPhone segment, signifies a significant milestone for India in the global market.
Electric vehicles: Desi automakers are seizing export opportunities driven by increased demand for cleaner mobility
Domestic auto makers like Maruti Suzuki, Hero MotoCorp, and TVS Motor are seizing the export opportunity in the electric vehicle market. Maruti Suzuki is set to export its first electric SUV to Europe, Hero MotoCorp is launching its VIDA V1 electric scooter in European countries, and TVS Motor is expanding to the European Union with its electric scooter iQube.
10 Best Selling Mobile Phones of June 2024: Explore brands like OnePlus, Redmi, Samsung and more
If you are struggling to make up your mind about which smartphone to buy, then you are at the right place. Make sure to check out Amazon’s curated list of of this month’s best-selling mobile phones that come with massive batteries, advanced processors and a high-quality camera among other features.
Vivo set to open ₹3,000-cr India facility in July
Chinese smartphone maker Vivo is set to inaugurate one of India's largest mobile phone manufacturing facilities next month, with an annual capacity of 120 million devices. The facility is being set up with an investment of over ₹3,000 crore.
Boost for Hyundai Motor export plans, as auto co plans to launch slew of EVs over next 4 years
Hyundai Motor India Ltd (HMIL) is planning a ₹25,000 crore IPO to drive its parent company's strategy of making India a key export hub. The company plans to introduce nearly half a dozen electric vehicles for local sales and exports as part of this ambitious strategy.
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DRI clarifies 10% import duty on component imports, huge relief to industry
The Department of Revenue Intelligence (DRI) has clarified that components attached to the display assembly of mobile phones will attract a combined import duty of 10%, resolving a long-standing ambiguity. This decision affects parts like SIM sockets, side keys, and antennas when included in display assembly kits. This clarification, supported by the Ministry of Electronics and IT and the Prime Minister’s Office, aims to reduce litigation and confusion among manufacturers, customs officers, and the industry since the 2020 imposition of a 10% duty. The move is expected to aid the growth of the mobile phone manufacturing sector in India.
IRDAI cracks down on fraudulent tele-callers; Check list of TRAI-assigned phone numbers insurers must use for customer calls
The IRDAI has instructed insurance companies and insurance intermediaries not to call customers from a standard 10-digit mobile number in an effort to take harsh measures against fraudulent telecallers.
G20 Sherpa Amitabh Kant lauds India's digital transformation journey in 9 years
India has made significant strides in digital transformation over the past nine years, with a 96% reduction in data costs and a 1.4 billion people now having a unique digital identity (Aadhar). This has led to greater access and usage of digital services across the country. India's Unified Payments Interface (UPI) has seen exponential growth, contributing 46% of the global share in real-time digital payments.
In-store mobile phone sales dry up on rising temperatures
The India Meteorological Department (IMD) has forecast severe heatwave conditions across ten states in North India since the middle of May with temperatures touching 50 degrees in some areas, with some respite expected from May 31.
Best OnePlus Mobile Phones in India (June 2024)
From the latest flagship models to budget-friendly options that don't compromise on quality, we curate a list tailored to various preferences and budgets. You can expect insightful comparisons, expert analysis, and practical insights to aid in their decision-making process. Find the perfect OnePlus smartphone in the bustling market of India. With a plethora of options boasting cutting-edge technology and sleek designs, it's essential to sift through the noise and pinpoint the best choices.
10 Best Redmi Mobile Phones in India (May 2024) for Budget-conscious Consumers
Embark on a journey of technological excellence with the best Redmi mobile phones, where innovation meets affordability. From stunning displays to powerful processors and exceptional camera systems, each device in Redmi's lineup promises an unparalleled mobile experience. Whether you seek seamless performance for multitasking or crystal-clear photography capabilities, these smartphones deliver it all. With a host of features designed to enhance productivity and entertainment, Redmi stands at the forefront of cutting-edge mobile technology, ensuring that every user finds their perfect match.
Realme GT 6T 5G - Grab this newly launched TOP PERFORMER starting Rs.26,999
Introducing the Realme GT 6T 5G, the latest addition to Realme's innovative lineup. Priced from Rs. 26,999, this smartphone offers top-tier performance with advanced features and a sleek design. Perfect for tech enthusiasts and everyday users alike, the Realme GT 6T 5G ensures a seamless experience with its powerful processor, stunning display, and long-lasting battery life. Don’t miss out on this exceptional device, now available at an unbeatable price.
Best Samsung Mobile Phones in India - June 2024
Are you looking for a good mobile phone? If so, then there is no better choice than Samsung. Continue reading this article to learn about the best Samsung mobile phones in India which are readily available on Amazon. Go through the complete list, find the best option for yourself and place your order using the given buying links.
Best Apple Mobile Phones in India - June 2024
Are you looking for an Apple mobile phone? If so, then continue reading this article where we have curated a list of the best Apple mobile phones in India for the month of June 2024. You must go through the complete list to find the best one for you and place your order using the buying link shared in the article.
Best Mobile Phones under 20000 in India- June 2024
Embarking on the quest for a new smartphone can be both thrilling and daunting, especially when you're working within a budget. Fortunately, the smartphones market in India offers a plethora of options that deliver impressive features without breaking the bank. In this list, we unveil the top contenders among mobile phones under 20000. From robust camera systems to seamless performance and enduring battery life, these devices pack a punch while remaining wallet-friendly.
10 Best Mobile Phones in India (May 2024) for Optimal Performance and Reliability
Explore the landscape of mobile phones in India, where a plethora of options awaits, ranging from flagship devices boasting cutting-edge features to budget-friendly smartphones offering excellent value for money. Dive into a world of powerful processors, stunning displays, and advanced camera systems with this list of the best mobile phones in India and redefine your smartphone experience. With brands like Apple, Samsung, OnePlus, and Redmi at the forefront, there's something for everyone, whether you are a photography enthusiast, a gaming aficionado, or a productivity powerhouse.
Cheaper 5G phones chip away at average prices
Flat Average selling prices (ASP) in the March quarter was largely due to a 22% on-year rise in shipments of mass budget phones priced at $100-200 at 16.3 million units, compared with 13.4 million units a year earlier, marking a resurgence from previous quarters.
Best 5G Mobile Phones in India - 2024
Discover the cutting-edge world of 5G mobile phones in India with our latest collection. From lightning-fast connectivity to advanced features, our range of 5G smartphones promises to revolutionize the way you experience technology. Stay ahead of the curve and explore the future of mobile communication with our unparalleled selection of 5G devices.
Electronics companies seek Rs 35,000-crore incentive plan for components
"The incentive scheme is needed to support growing demand for electronics components to the tune of $75-$80 billion by 2026, and $300 billion by 2032 to support $300 billion worth of electronics products manufacturing by 2026 and $1.2 trillion by 2032," the India Cellular & Electronics Association (ICEA), which represents top smartphone brands and manufacturing companies, said.
10 Best Smartphones Under 10000: Performance on a Budget
The article reviews top smartphones available in India for under 10,000 rupees, highlighting features like battery life, camera quality, and performance. It provides a comparison of models from various brands, offering insights into their strengths and weaknesses. The guide aims to help budget-conscious consumers make informed purchasing decisions.
Best mobile cooling pads for an enhanced gaming experience
All the mobile gaming enthusiasts, listen up! You can now prevent your smartphone from getting heated every now and then by investing in a mobile cooling pad. All you are requested to do is clip on the pad/cooler and you are good to go. Your phone's temperature will instantly come down in a few seconds, leading to a healthy battery and an elevated gaming experience. We have shortlisted 8 best mobile cooling pads to help you pick the right one for you.
Unpredictability in enforcement agencies action needs a check: ICEA chairman
While speaking about the achievement of the mobile industry in the last 10 years, India Cellular and Electronics Association (ICEA) Chairman Pankaj Mohindroo said that the next phase of growth in the country will come from exports and there is a need to build domestic champions in the sector as part of government's 'Atmanirbhar Bharat' (self-reliant India) plan.
Expecting good response from many companies on EV policy: DPIIT Secy
India expects positive responses from automobile companies on its electric-vehicle policy to attract global players like Tesla through tariff tweaks. The government aims to encourage manufacturers to establish bases in India without incurring costs. Duty concessions and investment commitments are key incentives for setting up manufacturing units. Companies can import CBUs at reduced customs duty.
Trai to tighten rules to check pesky communication
The Telecom Regulatory Authority of India (Trai) plans to strengthen regulations and increase penalties to combat pesky communications affecting mobile phone users. Trai will issue a consultation paper to tighten rules and prevent misuse of the system, according to chairman Anil Kumar Lahoti. The government has allocated a new 160 numbering series for service and transactional calls, distinguishing them from promotional calls using the 140 series.
Dixon ropes in Realme, plans to manufacture display modules for mobile phones: MD
Dixon Technologies, an Indian contract manufacturer, has secured Realme, a Chinese smartphone brand, as a new client. They intend to commence production of display modules for mobile phones, tablets, and notebooks, with a targeted capital expenditure of $30 million, excluding costs related to land and buildings.
Yuzhan Technology lease out warehosuing space in Chennai after rise in exports of Apple iPhones in India
Yuzhan Technology, part of Taiwan’s Foxconn Group, leases 550,000 sq. ft. of warehousing space at ESR Industrial Park in Chennai for Apple iPhone exports. The facility supports Foxconn's scaling operations due to growing demand for Apple products manufactured in India, optimizing supply chain logistics for expanding export activity.
International calls for iPhones made in India ring louder; Apple may hit Rs 1 lakh cr export mark in FY25
Apple exports a bulk of its total India production. In FY24, Apple’s total production in India touched $14 billion (Rs 1.2 lakh crore). The company’s exports crossed $10 billion (Rs 85,000 crore). Both these figures were the highest achieved by any company in India till date for a single financial year.
Mobile makers bet on higher exports to grow
Smartphone makers are hoping for exports from India to continue their strong showing, which will drive their own growth as production levels are reaching their saturation point if only the domestic market is to be served, said market trackers. "The only headroom for growth right now is by increasing exports from India," said Prachir Singh, senior analyst, Counterpoint Research.
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