Electronics

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.

India’s electronics export sector has witnessed a remarkable acceleration, growing 47% year-on-year to reach $12.4 billion (approximately Rs. 1.03 lakh crore) in the first quarter of FY25. This performance not only reinforces the nation's ambition to become a global hub for electronics manufacturing but also reflects the success of key government initiatives aimed at bolstering local production. The surge was led by robust global demand for smartphones, semiconductors, and consumer electronics, alongside growing participation from major international manufacturers operating within India.

Crompton Greaves Consumer Electricals Ltd. reported a 19% year-on-year decline in its consolidated net profit for the first quarter of FY26, settling at Rs. 124 crore. The company attributed the subdued earnings performance to a moderation in demand across key consumer segments and intensified competition in the electrical appliances market. While revenue remained steady at Rs. 1,933 crore, operational costs and margin pressures weighed on bottom-line growth.

Bajaj Electricals Ltd., a key player in India’s consumer durables and lighting industry, reported a staggering 97% drop in net profit for the first quarter of FY2025, signaling mounting pressure from operational inefficiencies and rising costs. Despite modest revenue growth, the company’s bottom line was severely impacted by increased expenses, subdued demand, and internal restructuring initiatives. The earnings slump highlights the challenges faced by legacy brands in adapting to shifting consumer preferences, inflationary trends, and an evolving competitive landscape.