Mark Allen, a scientist at VTT, Finland’s premier technical research centre, said Friend’s plastic electronics will have far-reaching impact.  “Well we are talking about that kind of future where TV sets can be rolled up. It is not possible now, but as technology improves, we will look at more advanced and energy efficient TV sets.

Richard has also set up a company, Cambridge Display Technology Ltd. to capitalize on the technology and bring to the market first products using this latest innovation in semiconductors.

- The Times of India Delhi, June 21, 2010

Out of Sink

Dishwashers are not a new concept in India. It entered the Indian home appliances market almost a decade ago.  The category, however, continued to crawl and could not muster strong consumer interest.  So much so that a number of major players in the kitchen appliances launched and re-launched dishwashers, but were compelled to phase out their products owing to demand slowdown.

- Pitch, May 2010

LG plans big bang India expansion

Consumer Electronics major LG India has set a sales target of Rs. 19,000 crore for the country, across all its products by the end of 2010.

The company has grown about 45 per cent – 15 per cent in excess of its own target, said Y.V. Verma, COO, LG Electronics.

LG is also set to launch its 3D LCD television next month. “The market for 3D screens is not big but there are aspiration consumers,” Verma said. “Our screens do not cause any eye strain for viewers.” LG plans to offer its 3D TVs at an 8-10 per cent premium over the current market rate.

- Hindustan Times Delhi, June 19, 2010

Samsung targets more growth

Korean handset-maker Samsung today said it is eyeing a 20 per cent share of the growing smart phone market as it expands its product portfolio in the country.

“We now have four smart phones in our portfolio and this year, we plan to have 7-8 new models on both Android an BADA platform… Going ahead, by the year-end, we are aiming at a market share of 20 per cent,” Samsung Electronics Director Mobile and IT) Ranjit Yadav told.

- The Assam Tribune Guwahati, June 17, 2010

LG Electronics to open 100 mobile stores

Mobile handset manufacturers LG Electronics on Wednesday said it will open 100 exclusive brand stores to enhance visibility.  “We will open 100 exclusive mobile hand set brand stores across the country so the customers can come and feel the new product range,” LG Electronics Business Head, Mobile Communication, Sudhin Mathur told reporters here.

- The Economic Times Kolkata, June17, 2010

LG to roll out 22 more mobile handsets this year

LG Electronics India announced a nationwide rollout of two new mobile handsets with a new feature of one touch social networking here on Tuesday, which is part of its proposed launch of 44 model this year.

The consumer electronics major expects that the market size for 3G enabled phones in India to touch 400 million in three years.

- Business Line Delhi, June 16, 2010

Leading television makers, including LG, Samsung and Videocon, are cashing in on football fever and expect as much as a 100% jump in sales during the ongoing Fifa World Cup in South Africa.  Most of the companies have Kicked off promotional campaigns this month to boost TV sales, particularly in three states – Goa, Kerala and West Bengal – where football is extremely popular.

- The Financial Express Delhi, June 14, 2010

LG mulls price increase; other companies not to follow suit

Despite weak metal prices, consumer durables maker LG Electronics is contemplating a third round of price increase, since January this year, due to margin pressures.  “We are increasing prices for the third time this calendar year form June 16, across categories, by 1.5 to 2.5 per cent, depending on the product category.  We increased prices twice since January by a total of 7.5 per cent due to escalating metals prices and hike in excise duty,” says Amitabh Tiwari head of sales at LG Electronics.

- Business Standard Delhi, June 14, 2010

Samsung targets 20 pc share in netbook arena

Korean electronics major Samsung is eyeing a 20 per cent share of India’s growing netbook market this year as it expands its product portfolio and distribution chain in the country.  The company, which forayed into the netbook segment last year, has a portfolio of nine models in its range, priced between Rs. 17,290 and Rs. 23,990.

Samsung is also strengthening its distribution system in the country.  “A part from multi-brand stores and large retail chains like Croma, we will also focus on building our IT brand stores in the country,” Yadav said.

- The Political and Business Daily Delhi, June 14, 2010

In the not-too-distant future, the humble television set could double up as an Internet interface as well.  A team of engineers at the Microsoft office in Hyderabad is working on applications that allow users to juggle between TV shows and Web sites on the same screen.

Explaining the rationale behind the move to customize television sets, he said that a majority of the people, who own TV sets, may not have considered buying a personal computer. However, they may still wish to enjoy the PC experience.

- Business Line Delhi, June 12, 2010

LIC bank my invest in Videocon

Four banks, including IDBI Bank and Life Insurance Corporation of India are likely to invest around Rs. 160 crore in Videocon Industries.  The money will fuel the electronics giant’s expansion plans.  The investment would be made through preferential allotment.

- Hindustan Times Delhi, June 11, 2010

Old TV sets, computers form bulk of e-waste

Televisions and computers account for a large chunk of the electronic waste generated in the country, according to a study sponsored by the Department of Scientific and Industrial Research.

It states that mobile phones account for less than half a percent of the 3,82,979 tonnes of e-waste generated in the country in 2007-08.

Televisions accounted for 2.75 lakh tones of e-waste while computer accounted for 56,000 tonnes.  Of the total e-waste generated, less than half (1.44 lakh tones) was available for recycling as the rest was stacked or not sold by consumers because of the inappropriate resale value.

Godrej Appliances, the white goods division of Godrej and Boyce Manufacturing Co. Ltd., is planning to diversify into kitchen appliances and focus on low-cost water purifiers for growth.The cheaper purifiers also complement the existing low-cost refrigerator chotukool that caters to the rural market.

However, the company is extending its test marketing of television this year from Andhra Pradesh to West Bengal, Kerala and Maharashtra.  Menezes expects the company, which has tied up with a European TV manufacturer, to grow at 40% on account of the pilot extension.  “The television category is twice the size of refrigerators,” said Menezes.

Great leap: Google makes a TV move

Now it has to persuade the TV audience to turn the living room television into the newest on-ramp to the Internet. Google TV, which the company introduced at its annual developer conference here, lets people visit any Web site from their televisions and easily search for programs and Web video without scrolling through unwieldy on-screen TV directories.

The service will be built into high-definition TVs and Blu-ray players made by Sony and a set top box made by Logitech. It is powered by Goolge’s Android software, originally developed for smartphones.

Whirlpool of India Ltd. has outlined its plans to venture into power management solutions, introducing wide range of UPS systems for home and office applications and to launch batteries to support these devices.

- Business Line Delhi, May 21, 2010

Philips Consumer to focus on high-end home cinema market

The Consumer Lifestyle division of Philips Electronics India Ltd. plans to enter the higher end of the home entertainment business and will introduce a slew of new products in the next four months.  It also plans to launch its Avent range of products in India soon.

- Business Line Delhi, May 20, 2010

Samsung expects 50% revenue growth from IT business

Samsung India Electronics Ltd. expects a 45-50 per cent growth in revenue to around $300 million from its information technology business as against $190 million last year. Samsung India is targeting a market share of 30 per cent in laser printer (A4 size) this year from 21 per cent last year, according to its Director, Mobile and IT, Mr. Ranjit Yadav. Mr. Uday Bhat, General Manager, IT Division, Samsung India, to increase market the company’s focus will be on three major areas – product offering, strengthen distribution and further scale up the B2B business.

- Business Line Delhi, May 20, 2010

Consumer durable retailers expand private label range

Consumer durable retailers, which have scaled up operations, are getting bolder with their private label strategies in-spite of established Korean and Japanese brands dominating the segment.

Infiniti Retail recently decided to extend its private label range to include LCDs and LEDs as a new segment at its Croma stores.

Reliance Digital is among those waiting to build scale into its operations before implementing a full-fledge private label strategy.

Mr. K.S. Raman, Director, Next Retail, says:  “We have decided to have specific products in private labels to plug the gap in sizes which are not available with the branded players.

For instance Next has TVs in 21-inch and 14-inch sizes which are not easily available with the branded players.

- Business Line Delhi, May 19, 2010

Whirlpool profits rise on strong sales

Driven by a strong volume growth across the home appliances category, Whirlpool of India has reported a three-fold rise in its profit at Rs. 57.72 crore for the quarter ended March 31, 2010 as against Rs. 17.72 crore in the corresponding quarter, a year ago.

- Business Line Delhi, May 18, 2010

Whirlpool to add 1,500 dealerships in 200 cities

Whirlpool India expects double-digit growth on the back of its new range of air conditioners and refrigerators.  The company plans to expand beyond metro and mini metro cities by roping in 1,500 dealers in more than 200 cities by 2010 end.

- The Financial Express Delhi, May 15, 2010

LG eyes country’s ‘pilot market’ with new products

Looking to tap the country’ huge growth potential, LG Electronics is planning to introduce new products and also make India a “pilot market’ for its home appliances business.

The South Korean conglomerate is exploring the possibility of launching a water purifier, in addition to new models in refrigerators, microwave ovens and vacuum cleaners.

- The Political and Business Daily Delhi, May 14, 2010

Samsung launches 2010 home theatre

Digital technology leader, Samsung has launched a new range of Home Theatres to enhance a consumers’ home entertainment experience, with HT-C450, HT-C550 and HT-C555 as the flagship models.  Designed aesthetically with a simple user interface, HT-C450 and HTC550 combine 5.1 channel output to give 500W and 1.000W output of power packed performance with satellite speakers, while HT C555 uses four tall boy speakers to pack in a big performance.

- The Kashmir Times, May 13, 2010

LG India to spend Rs. 50 cr on health care campaign

LG Electronics India’s business head (home appliances) Rajeev Jain said the company had earmarked Rs. 50 crore for a health care awareness campaign in 2010.  The South Korean entity, which has a strong presence in the country, would be promoting its products, including refrigerators and washing machines that offer “healthier lifestyle” to its consumers.

- Financial Chronicle Delhi, May 12, 2010

LG lines up Rs. 400 crore for India

Currently, LG Electronics has manufacturing plants in Pune and Noida, “We will be investing Rs. 350 to Rs. 400 crore in our manufacturing plants at Pune and Noida this year. The investment would help ramp up the infrastructure and capacity of both the units, which would help in meeting the rising demand,” LG Electronics India’s business head (home appliances) Mr. Rajeev Jain told reporters here.

- The Statesman Delhi, May 12, 2010

Magical box

The television-viewing experience in the country may soon change, with consumer electronics companies like Samsung, LG, Sony and Panasonic ushering in new 3D TV technology into Indian living rooms.

However, there are a few unresolved issues like the 3D glass, band-width considerations, subtitles, recording format and a Blu-ray standard.  Also, while some of the 3D TVs will have the capability to convert 2D signal to 3D broadcast. “This technology is at a trial stage.  There are no 3D transmitters and receivers currently.

- Business India Mumbai, May 30, 2010

While colas feel the heat fridge & ACs sell like hot cakes

The soaring mercury has cooled down sales of soft drinks and ice-creams with few people daring to venture outdoors in the blazing heat, but makers of air-conditioners and refrigerators are basking in the warmth of a 40% sales growth this season.

- The Economic Times Delhi, May 27, 2010

Daikin to focus on Tier – II, Tier –III cities

Toshiki Hayashi, Managing Director, Daikin Air-conditioning India, told the Hindu that the company was aiming a market share of 15 per cent by 2013 against 6 per cent now and also to treble its sales turnover from Rs. 500 crore in 2009 to Rs. 1,500 crore by 2013.  He said India was an important market as there was huge potential and growing demand for the company’s products. Daikin had reported a turnover of $12 billion in 2008 and had 95 subsidiaries including India, he said.

As part of the company’s ambitious growth plans, it would penetrate the Tier – II and Tier – III cities with the launch of new product.

It had witnessed a CAGR (Compounded annual growth rate) of 40 per cent in the last three years and was poised to grow further in the coming year.

- The Hindu Delhi, May 27, 2010

Super disc to store 1,000 times more data than a DVD

A Japanese research team has found a material that could be used to make a low price disc with data storage capacity thousands of times greater than a DVD, the lead researcher said.

If the smallest particle is used, the new disc could hold more than 1,000 times as much information as a Blu-ray disc, provided that matching data writing and reading equipment are developed.

- The Times of India Delhi, May 25, 2010

Godrej unit plans move into kitchenware, low-cost purifiers

Godrej Appliances, the white goods division of Godrej and Boyce Manufacturing Co. Ltd., is planning to diversify into kitchen appliances and focus on low-cost water purifiers for growth.

The cheaper purifiers also complement the existing low-cost refrigerator chotukool that caters to the rural market.

However, the company is extending its test marketing of television this year from Andhra Pradesh to West Bengal, Kerala and Maharashtra.  Menezes expects the company, which has tied up with a European TV manufacturer, to grow at 40% on account of the pilot extension.  “The television category is twice the size of refrigerators,” said Menezes.

- MINT Delhi, May 25, 2010

Whirlpool India to hike prices, spread reach

Consumer durables maker Whirlpool of India, the Indian unit of global appliances maker Whirlpool Corp, plans to hike product prices by 2-3 per cent in the next two months, a top official said.

“Input prices have gone up and another price increase is on the anvil … probably in the range of 2-3 per cent, however we don’t see that impacting growth in any way,” Mr. Shantanu Das Gupta, Vice-president, Corporate affairs and Strategy told Reuters over a weekend interview.

- Business Line Delhi, May 25, 2010

Videocon forms unit to sell Electrolux, Philips brands

Videocon has formed a separate business unit to market and sell Electrolux and Philips brands in India under a new team that includes two senior managers roped in from Samsung chief operating officers.

Philips and Electrolux were clubbed together as a business unit because they are the premium brands in the Videocon portfolio and complement each others.

- The Economic Times Kolkata, May 24, 2010

Urban Legend

Consumers in Urban India beyond the six metros – Mumbai, Delhi, Bangalore, Hyderabad, Chennai and Kolkata – are flexing their growing money power: Branded consumer products are finding takers in expanding numbers.  Marketers and retailers are taking note and responding quickly.

A new study by Ernst & Young (E&Y), The New Market Shehers, finds that while the domestic expenditure by the top eight cities in India contributed a 40 per cent share just a few years ago, the top six metros now account for only 27 per cent of India’s urban expenditure. A whopping 73 per cent of consumption spending comes from non metro urban India, where about 85 per cent of India’s urban population and a growing consumer base with average income of around Rs. 3 lakh reside.

Marketers are convinced about the opportunity.  R. Zutshi, deputy MD, Samsung India, said, “We are witnessing strong growth in the metros and tier II, III and IV towns.  We expect the semi-urban and rural markets to grow to 25-26 per cent for us this year, compared to 22 per cent last year.”

He added that volume products such as flat.  TVs, semi-automatic washing machines and direct cool refrigerators are moving well in the semi-urban markets.  “In the top 35 cities, we are seeing good adoption of flat panel TVs, frost-free refrigerator and fully automatic washing machinces.  The semi urban markets are accepting our essential series of mobile phones well.”  In non-metro urban markets, Samsung is going in for local exhibitions, product showcasing via mobile vans, and four day “Dream House” road shows to display low end and premium products.

- Hindustan Times Mumbai, May 24, 2010

Cool features

Investors with a medium term horizon can consider buying the Whirlpool of India stock.  Though the stock trades at 23 times its trailing earnings, which appears expensive, the potential for improvement in earnings is significant on account of the company’s product launches,  expanding dealer network and better pricing power.

The company’s sales for FY-10 at Rs. 2,137 crore, recorded a 30 per cent growth against 9 per cent in FY-09.  Whirlpool’s efforts to expand distribution reach through road shows and dealer-contact programmes in the Tier-II and Tier-III cities have evoked good response (added around 2,000 dealers in the network last year); in a year’s time, this geographical expansion too may buoy-up sales.

- Business Line Delhi, May 23, 2010

Great leap: Google makes a TV move

Now it has to persuade the TV audience to turn the living room television into the newest on-ramp to the Internet. Google TV, which the company introduced at its annual developer conference here, lets people visit any Web site from their televisions and easily search for programs and Web video without scrolling through unwieldy on-screen TV directories.

The service will be built into high-definition TVs and Blu-ray players made by Sony and a set top box made by Logitech. It is powered by Goolge’s Android software, originally developed for smartphones.

- Deccan Herald Bangalore, May 22, 2010

Carrier India appoints Gaurang Pandya as MD

Carrier Air-conditioning and Refrigeration (Carrier India) has appi8nted Gaurang Pandya as its Managing Director from May 10.  He replaces Zubin Irani, who has been promoted to the position of Senior Managing Director of United Technologies Corporation’s commercial companies in India, says a release.

- The Hindu Delhi, May 22, 2010

Daikin to enter home AC market

Daikin, the global cooling products company, is foraying into the residential air conditioning (AC) market.  The company plans to enter the Indian market with the launch of its residential ACs (0.75 – 1.8 tonne) which will go by the FET name.

Daikin, which entered the Indian market in 2000, is targeting a market share of 15 per cent over the next three years and also doubling its market share from Rs. 500 crore to about Rs. 1,000 crore in the next two years.  “With our acquisition of Gree, we have the expertise to further our brand in the residential AC space in India, which is growing rapidly,” said Jawa.

- Business Standard Delhi, May 22, 2010

Will a draft Law – Reboot e-Mess?

In one of the many e-waste dismantling yards of Gowripalya in Bangalore, a young boy stoops over a printed circuit board and pull out tiny bits of metal.  It’s business as usual.  Of cource, he has no inkling that soon, the scrap shop will shut down if doesn’t get a recycler’s certification, as the draft e-waste rules get enforced.  The dark underbelly of IT city hasn’t changed much even after the international community raised concerns over open segregation and recovery of e-waste.

Indeed, critics of electronic waste recycling point out that 90% of the waste does not get recycled; instead it finds its way to developing countries such as India and China, turning them into hazardous dumps, in the absence of scrutiny.  Within India, Delhi (Mundka, SeelampurP and Bangalore (Gowripalya, Nayandahalli) are prime receivers, from where they move to other market.

- The Times of India Delhi, May 21, 2010

Whirlpool plugs into home / office power solutions business

Whirlpool of India Ltd. has outlined its plans to venture into power management solutions, introducing wide range of UPS systems for home and office applications and to launch batteries to support these devices.

Most of these products will be custom-made and batteries sourced from three manufacturers’ plants in India.  They will be sold under the Whirlpool brand tag.  The process is now under way to create support channels to market and provide after sales support.  We will also offer these products alongside some of the home appliances,” he said.

While the organized batter market is estimated at Rs. 6,000 crore, the inverter business is worth about Rs. 2,000 crore.  Already Microtek, Sukam and Luminous are setting up dedicated channel.

The energy protection segment is estimated to be about Rs. 1,200 crore, with growth potential.

- Business Line Delhi, May 21, 2010

Videocon forms unit to sell Electrolux, Philips brands

Videocon has formed a separate business unit to market and sell Electrolux and Philips brands in India under a new team that includes two senior managers roped in from Samsung as chief operating officers.

At present, Videocon operates through product-specific business units that manage multiple brands and the new entity would change the existing structure.  This follows acquisition of brand rights for marketing Philips television in the country in April.  Videocon already has the India brand rights for Electrolux home appliances.

Videocon has named old hand Anil Khera as the CEO of the Philips-Electrolux unit.  He will also continue to head Videocon’s direct-to-home and mobile handsets businesses.

- The Economic Times Delhi, May 21, 2010

Philips Consumer to focus on high-end home cinema market

The Consumer Lifestyle division of Philips Electronics India Ltd. plans to enter the higher end of the home entertainment business and will introduce a slew of new products in the next four months.  It also plans to launch its Avent range of products in India soon.

“We want to retain and grow our share in the DVD player market, and enter the high-end home cinema segment,” Mr. Mahesh Krishnan, Vice President, Marketing, Philips Consumer Lifestyle (PCL), said.  The company is a leader in the DVD player segment with a 24.7 per cent share in the market estimated at Rs. 1,400 crore (five million units annually), he said.

Philips Consumer Lifestyle is one of these divisions of Philips.  Its turnover of around Rs. 1,000 crore is approximately 30 per cent of Philips’ turnover in India.

- Business Line Delhi, May 20, 2010

Samsung expects 50% revenue growth from IT business

Samsung India Electronics Ltd. expects a 45-50 per cent growth in revenue to around $300 million from its information technology business as against $190 million last year.

Samsung India is targeting a market share of 30 per cent in laser printer (A4 size) this year from 21 per cent last year, according to its Director, Mobile and IT, Mr. Ranjit Yadav.

Mr. Uday Bhat, General Manager, IT Division, Samsung India, to increase market the company’s focus will be on three major areas – product offering, strengthen distribution and further scale up the B2B business.

- Business Line Delhi, May 20, 2010

Leads for buying LED TVs

Panels made with light emitting diode (LED) technology are set to replace liquid crystal display (LCD) ones in high-definition television (HDTV) sets.  According to market research firm iSuppli, global shipments of HDTVs back-lit by LEDs with a 40-inch or large screen will jump nearly eight times in 2010 to 18.8 million units from 2.5 million units in the previous year.

Of course, LED sets are 40-50 per cent expensive than existing LCD models.  But, they do promise brighter images and are markedly thinner.  They are also more energy-efficient.

Today, LED TVs are available in 23, 24, 32, 40, 46 and 55 inch screen sizes, starting at Rs. 18,000.

There will be a acoustic limitations imposed by the super-slim chassis of LED TVs. As a result, internal speakers are bereft of any meaningful efforts. For serious audiophiles, an external home theatre system is strongly recommended.

- Business Standard Delhi, May 20, 2010

Consumer durable retailers expand private label range

Consumer durable retailers, which have scaled up operations, are getting bolder with their private label strategies in-spite of established Korean and Japanese brands dominating the segment.

Infiniti Retail recently decided to extend its private label range to include LCDs and LEDs as a new segment at its Croma stores.

Reliance Digital is among those waiting to build scale into its operations before implementing a full-fledge private label strategy.

Mr. K.S. Raman, Director, Next Retail, says:  “We have decided to have specific products in private labels to plug the gap in sizes which are not available with the branded players.

For instance Next has TVs in 21-inch and 14-inch sizes which are not easily available with the branded players.

- Business Line Delhi, May 19, 2010

The God of small things

It’s said good things come in small packages.  Godrej & Boyce offer chottu cool’ (the little cool) by way of proof.  Slightly larger than the ubiquitous ice box, this refrigerator, complete with a fan and a compressor, runs on electricity and can also be battery operated.  Unlike regular refrigerators, it opens from the top to prevent the cold from escaping. Frugality is the driving force behind the ‘chottu cool’, beginning with the team, the design to the final price bracket of Rs. 3,000 – 3,500.  G. Sunderraman, VP-corporate development, Godrej & Boyce says the product is not an outcome of frugal, but disruptive innovation that permeated into the Godrej system, around four years back. “Chottu cool came only about two years back.  In retrospective it was frugal, but in prospect it’s disruptive,” he says.

- The Economic Times Delhi, May 19, 2010

Whirlpool profits rise on strong sales

Driven by a strong volume growth across the home appliances category, Whirlpool of India has reported a three-fold rise in its profit at Rs. 57.72 crore for the quarter ended March 31, 2010 as against Rs. 17.72 crore in the corresponding quarter, a year ago.

According to Mr. Shantanu Das Gupta, Vice President, Corporate Affairs and Strategy, while refrigerators reported 28 per cent volume growth, washing machine registered 39 per cent growth.

Air-conditioners ended the year with a robust 34 per cent growth and the microwave segment reported 52 per cent growth, he said.

- Business Line Delhi, May 18, 2010

Whirlpool to add 1,500 dealerships in 200 cities

Whirlpool India expects double-digit growth on the back of its new range of air conditioners and refrigerators.  The company plans to expand beyond metro and mini metro cities by roping in 1,500 dealers in more than 200 cities by 2010 end.

Dasgupta said that in the AC segment, the company was targeting three-fold increase in volumes by 2010 end.  “To ensure a smooth purchase and ownership experience for the customers, Whirlpool plans to add around 300 service, outlets and 700 manpower, exclusively in retail,” said Dasgupta.

- The Financial Express Delhi, May 15, 2010

LG eyes country’s ‘pilot market’ with new products

Looking to tap the country’ huge growth potential, LG Electronics is planning to introduce new products and also make India a “pilot market’ for its home appliances business.

The South Korean conglomerate is exploring the possibility of launching a water purifier, in addition to new models in refrigerators, microwave ovens and vacuum cleaners.

“We are further looking at Europe and Central Asia (for exports from India)…. Our aim is to make India a major export hub,” LG officials said.  The entity has lined up substantial investment plans in 2010.  It would be pumping Rs. 350 to Rs. 400 crore into its two manufacturing plants in Pune and Noida. Further, the company would e spending as much as Rs. 50 crore on healthcare awareness campaigns.

- The Political and Business Daily Delhi, May 14, 2010

Samsung launches 2010 home theatre

Digital technology leader, Samsung has launched a new range of Home Theatres to enhance a consumers’ home entertainment experience, with HT-C450, HT-C550 and HT-C555 as the flagship models.  Designed aesthetically with a simple user interface, HT-C450 and HTC550 combine 5.1 channel output to give 500W and 1.000W output of power packed performance with satellite speakers, while HT C555 uses four tall boy speakers to pack in a big performance.

- The Kashmir Times, May 13, 2010

Godrej Consumer to buy out Sara Lee in JV for $234 million

Godrej Consumer Products, makers of Chinthol soaps, has agreed to buyout Sara Lee in their joint venture for $234 million that will make it the biggest homegrown consumer goods maker.

Godrej Sara Lee, the 15-year old joint venture between Godrej and Sara Lee of the US, is coming to an end as the American company is selling its personal care businesses to focus on food business.  “We will continue to have the marketing rights for Sara Lee’s products till 2012,” said a person familiar with the development.

Godrej is valuing the joint venture at 15 times earnings for the trailing year, said the person.  Godrej Consumer stock trades at 26 times estimated earnings for March 2011.  Its shares fell 2.1% to Rs. 298.45.  Its consolidated net sales for the last fiscal were Rs. 2,041 crores and net profit was Rs. 340 crore.  It has a market value of $2 billion.

The joint venture with Sara Lee had sales of Rs. 408.85 crore and a net profit of Rs. 63.94 crore year to date, Godrej said while releasing its latest earnings.

- The Economic Times Delhi, May 13, 2010

LG India to spend Rs. 50 cr on health care campaign

LG Electronics India’s business head (home appliances) Rajeev Jain said the company had earmarked Rs. 50 crore for a health care awareness campaign in 2010.  The South Korean entity, which has a strong presence in the country, would be promoting its products, including refrigerators and washing machines that offer “healthier lifestyle” to its consumers.

In the washing machine segment, the entity has models that are based on steam technology, which minimizes chances of allergy due to detergents, LG officials said.

LG refrigeration systems, on the other hand, retain more Vitamin C in fruits and vegetables while, some of its microwave ovens preserve higher nutrition content in food.

- Financial Chronicle Delhi, May 12, 2010

LG lines up Rs. 400 crore for India

Currently, LG Electronics has manufacturing plants in Pune and Noida, “We will be investing Rs. 350 to Rs. 400 crore in our manufacturing plants at Pune and Noida this year. The investment would help ramp up the infrastructure and capacity of both the units, which would help in meeting the rising demand,” LG Electronics India’s business head (home appliances) Mr. Rajeev Jain told reporters here.

- The Statesman Delhi, May 12, 2010

Shock & Awe; Japanese cos set to take on Koreans

Japanese electronics makers lost the battle for the fast growing Indian market to the Korean over the last decade, but armed with new marketing muscle, a swell of manufacturing investments and most importantly, cheaper products, they are preparing for war.

The Indian Electronics market is just as important to fellow Japanese companies.  The market is estimated to be worth around $5 billion as of end 2009 and is projected to grow at nearly 15% in the next three years.

Daikin, for example, has cut the price of a 1.5 tonne split air-conditioner by Rs. 5,000 to Rs. 42,000.  It has also launched a new range of products in this category at Rs. 32,000.  The company says efficiency in sourcing components allows it to sell cheaper products.

Similarly, Panasonic launched entry-level models of its 32-inch LC TVs at Rs. 25,000 last Diwali, up to 20% cheaper than Korean brands.

Mr. Tiwari says competition from the Japanese is serious but LG has a bigger scale of operations that allows it to spend more to woo consumers and a bigger distribution network.  The company has introduced new range of products at prices to counter Panasonic.

- The Economic Times Delhi, May 12, 2010

A summer of content for LG, Samsung, Godrej

Consumer electronics majors Godrej, LG, Samsung have recorded 30 to 65 per cent sales growth in the first four months of calendar year 2010. This is despite increasing the prices of their products twice since January 2010.  The sales growth has been witnessed especially in the cooling vertical which includes ACs and refrigerators.

According to the Consumer Electronics and Appliances Manufacturers Association (CEAMA), The quarter saw phenomenal sales especially in the display category, which includes conventional flat panel displays (FPD). FPD registered a growth of 70 per cent, while AC sales increased by 50 per cent.

-        Financial Chronicle Delhi, May 12, 2010

Philips to revamp its audio – video segment

Dutch electronics player Philips on Tuesday said it is revamping its entire range in the audio-video segment and enhancing its distribution network in smaller cities this year to sustain its leadership position in the category in India.

The company, which currently enjoys a market share of 39 per cent in the Indian audio market, said it is also revamping its radio items by adding new features to tap the smaller towns and cities.  It will also expand its ‘GoGear’ MP3 range by launching seven new models this year.

 -        Financial Chronicle Delhi, May 12, 2010

Whirlpool ad goes 3-D

Shahzad Akhtar, GM & VP, Whrilpool India, said that it’s all about innovation, something Whirlpool has been concentrating on recently.  “It’s worked.  Our 2009 results were our best ever in India and the first three quarters of 2009-10 have gone well.  Over the last year, we’ve chosen to build our brand for top of mind score and it is working for us.”

The 3-D ad format for Protton was an experiment, he said. “We see it creating a multiplier effect for us.  We are the first brand to be associated with 3-D advertising in India.  This will get talked about, giving us a viral marketing advantage.  We will follow this up with an aggressive, regular television advertising campaign,” he said.

Whirlpool Protton three-door comes in two sizes: 300-litre and 330-litre, available at between Rs. 23,400 and Rs. 24,500.  Larger, over 400 litre Protton models are available in two-door versions, with the highest price point at Rs. 46,500.

 -        Hindustan Times Mumbai, May 10, 2010

Panasonic builds war chest

Panasonic India plans to invest around Rs. 1,400 crore this fiscal in capacity expansion and to increase its market share to more than the current 10 per cent in consumer durables.

It also plans to use products of Sanyo Electric Co, which it had acquired four months back, to tap the low-end segment.

Kidwai said Panasonic was aiming at a turnover of around Rs. 3,000 crore for the current fiscal, up from Rs. 2,200 crore in 2009-10.

-        The Telegraph Kolkata, May 10, 2010

Capital goods, durables push production

Manufacturing sectors whose growth increased in the second half of the year to 31 March were aided mainly by capital goods and consumer durables, says a survey carried out by the Confederation of Indian Industry of CII.

CII says that rising raw materials prices, credit shortage, rupee fluctuations and cheap imports from China are areas of concern.  “It is critical that this (current growth level) moves to a higher growth trajectory to sustain 9% pus GDP (gross domestic product) growth,” CII director-general Chandrajit Banesrjee said in a press release.

 -        MINT Delhi, May 10, 2010

Durables industry grows 30% in Jan-Mar

The Consumer Electronics and Appliances Manufacturers Association, an apex body for durable and appliances, said the industry has posted a 30 per cent growth in the first quarter ended March 31, 2010, as against the same period last year following sustained demand.

This quarter also saw phenomenal sales especially in the display category which includes conventional flat panel display (PDPs, LCDs and flat screen televisions).

While FPD registered a growth of 70 per cent, air conditioner sales increased by 50 per cent and home appliances business grew by 40 per cent.

“The consumer sentiment has been very positive and upbeat with higher disposable incomes and a strong economy.

The durable industry has seen a robust 30 per cent growth approximately,” Mr. Pradeep Kumar, spokesperson, CEAMA said.

The demand for LCD televisions is also huge as consumers are replacing CTVs for an LCD. Rural markets and small towns have shown promising demand for durables, Mr. Kumar said.

Business Line Delhi, May 8, 2010

Panasonic bullish on tier I & II cities; to pump in $300 million

Panasonic India is targeting a turnover of Rs. 3,000 crore this year on the back of growth in demand for its products in tier-I and tier-II cities. 

Ito added the company plans to spend $300 million in three years on Tier-I and Tier-II cities.

- The Financial Express, May 7, 2010

Samsung introduces twin cooling French door refrigerator

Samsung India is adding the country’s first Twin Cooling French Door Refrigerator, the RF67DEPN to its full suite of Frost Free refrigerators. Designed to directly address every need of the modern consumer, the Samsung RF67-refrigerator brings out best-in-class design, advanced technology, innovative features and storage options.

Bring style and space into your kitchen with the Samsung French Door refrigerator available for Rs. 80,000/- in Platinum Inox colour.  With the launch of this new model of the French Door refrigerator, Samsung now has 27 Frost Free refrigerators in the over 350L segment priced between 29,000/- to Rs. 141,000/-.

- The Kashmir Times Jammu, May 6, 2010

When Mr. Sandeep Garg, Energy Economist of the Bureau of Energy Efficiency (BEE), said at a press conference here recently that there was a “surprisingly great demand”  for 5-star rated air-conditioners this summer, many eyebrows went up.

It was because there is an average price difference of 20-25 per cent between the 2-star-rated and 5-star-rated air-conditioners of many brands, and in some cases, the difference is close to 50 per cent.

- Business Line Delhi, May 5, 2010

Godrej to double appliances biz in 3 years

The Godrej group has set for itself the task of doubling revenues from its appliance business within the next three years as it goes head to head with the Korean Chaebols LG and Samsung who dominate this market in India.

“We have set for ourselves a target of growing our revenues by a minimum of 30 per cent every year.  The group expects us to double in size over the next two and a half years,” said George Menezes, COO, appliances division, Godrej & Boyce.

“We have a team of 600 canvassers who work at our trade partners but whose costs we bear.  We have given them both product and behavioural training to help drive sales,” said Menezes.

- Financial Chronicle Delhi, May 3, 2010

Summer shoots up AC sales

Soaring mercury levels in March has resulted in brisk sales of air conditioners across the country.  While retailers notched up record highs in AC sales during the summer of 2009 – the hottest year ever recorded for the country – AC sales this summer is expected to reach new heights.

The blazing sun is not the only reason that is driving people to open up their purse strings to seek the cool comfort and convenience that ACs can provide. “Salaries of Government employees went up last year.  This year lakhs of bank employees will be given a 16-17 per cent hike in salaries with retrospective effort.  All these factors are shooting up the demand for ACs,” averred Mr. Ajit Joshi, CEO of Tata Croma. 

AC sales of other brands such as Voltas, Samsung, Hitachi, Panasonic, Onida, Whirlpool  across Croma outlets saw 120 per cent growth in the last 3 weeks.

-  The Asian Age Delhi,  May 1, 2010

Samsung launches rural campaign

To woo rural customers, leading FMCG Company Samsung has launched a new campaign in the State.  Four vans showcasing latest products including colour TVs, LCDs and mobile phones, will be displayed in every nook and corner of the State.

“This is a year-long programme to penetrate in the rural market.  Moreover, the rural people will be able to know the products offered by the company,” Prasanta Pani Phukan, branch head of Samsung India Electronics Pvt. Limited told this correspondent today.  He further added that a team of service engineers have been engaged along with the vans for assisting the customers.

- The Assam Tribune Guwahati,  April 30, 2010

Just Chill Chill

Air conditioners are a boon during the summer months and this year is no different.  This year too has had AC manufacturers introducing a new range of products to consumers.  LG has launched 16 models this year and has already seen sales of Rs. 800 crore in the past two months.  Samsung on the other hand, has launched 26 new models this year across the split and window category.  It has invested $10 million to expand the production capacity of its plant to 1.2 million units.  Videocon has introduced 50 new models this year, along with a television campaign, which stars superstar Shahrukh Khan explaining the benefit of its ‘vita air’ technology.  Fedders Lloyd has introduced 22 new models.

- Business India Mumbai, May 2, 2010

Insisting on energy efficiency

In May 2006, the Bureau of Energy Efficiency, a statutory body under the ministry of power, designed a star labeling scheme for all electrical appliances in collaboration with all stakeholders.  In this star rating, appliances are rated from one to five, based on how energy efficiency they are, one star connoting the lease energy efficient and five stars connoting the most energy efficient.  Before January 2010, refrigerators, air-conditioners, tubular fluorescent lights and distribution rated ACs in this range come equipped with bio-filters, which are said to destroy 95 per cent of the bacteria present.

- Business India Mumbai, May 2, 2010

Godrej launched new Eon LED Televisions

Godrej appliances, one of the major home appliances players in India, is targeting a 10 per cent market share in 2010-2011 on its new EON LED Television launched here today.

Besides the LED TV, Godrej appliances also introduced the entire range of television including LCD TV and CRT TVs.

“Godrej has always focused its efforts on innovative design and technology aimed at delivering the most efficient and enjoyable products.  With our expertise in high technology manufacturing, Godrej Eon LED TVs have more than just a ground breaking technology – it’s the future of television with a difference; it offers a totally different and unique experience”, Nandi said

- The Political and Business Daily Delhi, April 30, 2010

Costs may play spoilsport in 3D TV spread

“Considering the Indian market, 3D is a big bet for the television industry. The lack of 3D content high pricing and the required use of glasses remain big hurdles for the new technology.  Keeping this in mind, LG will plan an aggressive marketing strategy to create a market for 3D TVs in India in association with the Valuable Group.  This association with Valuable Group will pave the way for future 3D production and exhibition of various other sports and entertainment properties,” Mr. Moon B. Shin, Managing Director, LGEIL said.

LG said its LH50 is one of the first commercially available 3D TVs.  The company said it will start selling 3D TVs in India from May.  LG plans to target 25 per cent of the global 3D TV market and expects the 3D market to grow to around 3.8 million units this year and to over 13 million in 2011.

Samsung has too started manufacturing 3D LED TVs. “We have launched 10 3D models in March across the LED, LCD and Plasma platforms.  We expect our 3D sets to constitute 10 per cent of our total LED television sales this year,” Mr. Ravinder Zutshi, Dy. Managing Director of Samsung India. Samsung India expects to sell 1.2 million flat panel TVs this year, of which 300,000 would be LEDs.

Industry watchers, however, said that it will take time before 3D TVs fit comfortably into drawing rooms.  Cost is a major factor in the manufacture of these products as they are at least 25 per cent more expensive compared to LCDs.

-Business Line Delhi, April 30, 2010

Refrigerator, AC sales to sizzle as summer sets in

Consumer durable firms are witnessing an increase in demand for products like air conditioners and refrigerators this summer.  Haier and Samsung have seen a phenomenal growth in demand by almost 100% to 150%.  Companies like LG are also experiencing a decent 50% growth.

Eric Braganza told FE, “Haier is set to achieve sales of over Rs. 950 crore in calendar year 2010.  We have a growth target of around 200%.  We are planning to sell 5 lakh units of refrigerators, 1.4 lakh units of ACs this year, which has seen a phenomenal growth in demand over the last year.”

Braganza also said that the company is upgrading the new facility with the state-of-art equipment to create research and development facility for refrigerators.  It has plans to spend Rs. 100 crore in its manufacturing plant at Ranjangaon in Pune.

- The Financial Express Delhi, April 30, 2010

Panasonic to tap low-end market through Sanyo

Japanese consumer electronics firm Panasonic on Thursday said it will use products from Sanyo Electric, which it had acquired four months back, to tap the low-end segment of the Indian market.

In December last year, Panasonic had acquired a majority stake, of Japanese battery maker Sanyo Electric for around $4.6 billion. Since then the company has become a wholly consolidated subsidiary of Panasonic.

“We target to achieve a sales of Rs 3000 crore.  For the last few years, we have gone aggressive on building our brand.  Besides, we have realized that for a good growth, we need to bring out products, which are more Indian. So we are very much focused on India,” Ito said.

- Financial Chronicle Delhi, April 30, 2010

Govt. prepares rules to manage e-waste

The central government has prepared the draft rules for managing dismantling or recycling electronic waste or e-waste and will be called the e-waste (Management and Handling) Rules, 2010.  According to the draft rules, the environment ministry has made it mandatory for electronic appliances makers to collect, recycle and dispose the waste generated by them.

- Business Standard Delhi, April 29, 2010

3D Magic

Samsung recently launched the 7000 series 3D LED television in India, with both eyes on the future. It has been engraved in stone, or so it may seem, that 3D is the future of our television - movies or standard television.

- The Financial Express Delhi, April 29, 2010

Turning the heat on its head

The Indian AC and refrigerators market is expected to clock 3.2 million units & 6.2 million units respectively by the end of 2010, but the major chunk of sales for consumer durable players comes in the months of April – June.  Growth in the air conditioners segment in Nov.

Dec. 2009 was just 3% and in refrigerators, it was 2%.  The major rationale for this bullish growth is the penetration level of these product categories, which is generally around 3:1 (which means that potential for every home with one Television is around three ACs) combined with the weather factor.  Sensing the same, all durable players are riding on the growth prospects an laying out plans to clock almost 25-30% of their annual business from this season. Kamal Nandi, Vice President  (Sales & Marketing), Godrej Appliances, points out his plans to take on the heat in an exclusive interview to B&E, “Generally we sell around 4.5 lakh refrigerators during this period but because of upheat growth rates of 30% in the last year, we are not only targeting a 40% growth this year but also ramping up our production levels by 1.5 lakh refrigerators in this season.”  The company has strongly positioned itself in the minds of consumers as well as dealers by extending its combo offers in the pre-festive season itself.

- Business & Economy Delhi, April 29, 2010

How to buy an AC this summer

Prepare to feel empowered.  In a country where people spend 15 per cent of their income buying electricity, it is profitable to shift to energy-efficient appliances.

An EER of 3.1 or more means the appliance is a five-star one. “Manufacturers can’t sell appliances that don’t meet the minimum energy efficiency rating of 21,” says Saurabh Kumar, Secretary General, Bureau of Energy Efficiency.

Energy Efficiency has become a communication point on the shop-floor, says LG Electronics India MD Moon B Shin.

Indians spend 15 per cent of their per capita income on buying electricity, says Kumar. “The world average for expenditure on power is between 3-5 per cent.  So, it makes immense sense to invest in efficient appliances rather than energy guzzlers.”

- Hindustan Times Delhi, April 25, 2010

With 30% growth projected LG expects exciting year

Asked how the year ahead will pan out for consumer durables major LG, Mr. Moon B Shin, the Managing Director and CEO of LG Electronics India, said it was going to be “an exciting game for us,”  with a spark of joy in his eyes,

LG expects at least 30 per cent growth in turnover this year.  It crossed the Rs. 13,000 crore turnover mark in calendar 2009.

To meet this growing demand, the company plans to invest Rs. 350 to 400 crore in its Pune facility to beef up the infrastructure.

Mr. Shin hopes to make LG India a $10-billion company by 2015.  By then, India will be the second largest contributor next to the United States.

Particularly, to make India its global R&D centre, LG is planning to invest $300 million in the next three years.  However, he felt, India’s infrastructure still remains underdeveloped.

“The infrastructure development is not keeping pace with the country’s economic growth,” Mr. Shin said.

- Business Line Delhi, April 24, 2010 

IPL boosts buzz for flat panel TVs

The Indian Premier League (IPL) may be in the news for wrong reasons including allegations of financial irregularities, but the Twenty-20 cricket tournament may be doing wonders to the sale of flat-panel TV sets with increasingly larger screens that give fans more pleasure in watching live telecasts.

An, average colour TV that relies on the picture tube to transmit images is available in the screen size range of 14 to 29 inches, while flat panel TVs (with either LED, LCD or Plasma screens) start at 19 and go as high as 65 inches.

“A flat-panel television with its bigger screen gives better picture clarity than a conventional colour TV, offering the viewer a feel of watching the sport in a stadium,” said Ravinder Zutshi, deputy managing director of Samsung India Electronics.  Samsung says it has seen 100 per cent year-on-year growth in flat-panel TV sales since January this year.

- Hindustan Times Patna, April 24, 2010

LG, Samsung, Sony to make idiot box Net savvy

The idiot box is getting smart.  Television makers such as LG, Samsung and Sony are launching internet-capable models that will offer video on demand, access to websites such as YouTube and podcasts in tieup with websites and local content providers.

Within days after rolling out 3D TVs, top television makers are looking to use Web add-ons to differentiate their top-end hi-definition models from droves of flat-panel sets flooding the market.

“We have to cater to local taste to ensure wider acceptance,” said Rohit Pandit, home entertainment head at LG Electronics India, adding that the company is looking at providing localized content on sports and Bollywood.

There is a shift in lifestyle of Indian consumers and they want to watch content on demand.  This being an occupying feature for Net TV, it will lead to its success in the Indian market,” and Nataraj Kumar, leader for consumer lifestyle at Philips Innovation Campus in Bangalore, which developed in Dutch firm’s Net TV portfolio that debuted in Europe recently.

“The Net TV market is in its early stages in India.  As consumers become more comfortable with convergence and sharing of content between different devices, the market will grow,” said Mr. Zutshi.

- The Economic Times Delhi,  April 23, 2010

LG launches 3D LCD televisions

Consumer electronics and appliances brand LG Electronics India launched its 3D LCD TVs in India in partnership with the Mumbai-based Valuable Group.  IPL will be the first property to be showcased in the 3D format.

The LH50 3D TV model is one of the first commercially available 3D TVs in the world.  Mr. Moon B. Shin, Managing Director, LGEIL, said “We are glad to announce this partnership with the Valuable Group.

“This arrangement will secure LG’s position in the 3D TV market in India.  Considering the Indian market, 3D is a big bet for the television industry.”

- Business Line Delhi, April 22, 2010

Vision India

The journey of Panasonic in India has been uneventful with the result that when a global head visits the country to push forth his three-year roadmap for growth, it is time to take notice.  Panasonic is today perceived globally at one company which is on the cutting-edge of technology with a concern for environment and its future.  And its much more than what images the company has had in India at the manufacturer of Panasonic Colour televisions and rice cookers besides some other products.  Panasonic LifeScape, which was recently opened in Gurgaon, displays the entire range of Panasonic products and is futuristic.  As you gaze at the latest gadgets, you cann’t help but get nostalgic about Panasonic’s journey in India from rice cookers to state-of-art innovative products like the VIERA (acclaimed as the world’s slimmest plasma TV). Elite Panaboard (interactive reaching boards) and Lumix cameras (that come with pro-like interchangeable lenses). A look at the plethora of Panasonic products will, beyond doubt, convey that Panasonic India is all set to pip the 21st century in ture style and aplomb.

India Plans

Taking this plan another step further and closer to fruition, Panasonic sees India as the emerging market which needs more attention and to prove its seriousness, the company’s President, Fumio Ohtsubo, was in the country’s capital, New Delhi, where at a media meet on April 15, 2010 he announced the way ahead for the technology leader for the next three years.

“India is a very important and potential market for us.  We are fully committed to India and are making united efforts for constant growth.  Panasonic has been an aspirational brand and its products are perceived to be technologically-advanced but, expensive.  We would now like to make our products available to a wide section of consumers, backed by our promise of cutting-edge technology for Indian consumers,:” he said while interacting with the media later.

The significance that the company is giving India has also been evident from the fact that Daizo Ito is the first senior Panasonic Global Director to be stationed in New Delhi since 2008 as the President of Panasonic India Pvt. Ltd.

- The Economic Times Delhi, April 19, 2010

Panasonic to expand production capacity

Consumer durables firm Panasonic said it would enhance its infrastructure and production capacity, besides increasing its marketing activities, as it aims to double sales to Rs. 5,000 crore by 2012.  The company said it was planning to set up a new facility by 2012 for manufacturing its various products with a focus on bringing out India-specific offers.

- Business Standard, Delhi, April 16, 2010

Haier gears up for fresh bid in durables market

Haier Appliances India a 100 per cent subsidiary of the $ 18 billion Haier Group of China, is making a renewed bid to make it big in the Rs.65,000 crore consumer durables market in India.

The Chinese consumer durables company is targeting a turnover of Rs. 1,000 crore by end 2010, president, Haier India, Eric Braganza, told a media conference here on Wednesday. Braganza said the company plans to grow on a new product menu.  Haier made its entry here in early 2003 but earned revenue of only Rs. 350 crore last year.

Haier has earmarked Rs. 50 crore for brand promotion.  On the distribution front, the company would increase the number of exclusive outlets from 10 to 75 this year.

- Financial Chronicle Delhi, April 15, 2010

Early summer turns ACs hot

The overall AC market is likely to grow between 40% and 50% throughout summer till June this year.  The demand is majority being driven by residential customers, who in order to get relief from the severe heat, are loosening their purse strings. 

Also, customers, who postponed their purchases last year owing to the low-confidence levels during the slowdown, are now bringing high end ACs home.

The growth in residential AC segment is outpacing industrial segment growth, B Thiagarajan, president, air-conditioning and refrigeration products group, Blue Star, said.

The number of air-condition per house is also going up, analysts said. The ratio between split and window ACs which earlier was 80:20 is now 70:30, signifying up-gradation to premium products.

“When purchasing, customers are purchasing premium or energy-efficiency ACs that come with 3, 4 or 5 star ratings,” Gupta of Vijay Sales said.

- DNA Mumbai, April 14, 2010

New Cameras, Camcorders from Canon

Canon on Tuesday launched its new range of 20 next generation digital cameras and camcorders and announced plans to invest Rs. 55 crore in the marketing of the camera business in the current year.

The launch included fiver cameras in the PowerShot range, three cameras in the IXUS range, six high-definition and two standard definition camcorders and the much awaited EOD 550 D digital SLR having three high quality lens versions.

The compact digital camera market in India was worth Rs. 2,000 crore and 20-lakh units. The market is likely to grow to Rs. 10,000 crore and 10 million units by 2015.  The DV camcorder segment in India is now estimated at 1.4 lakh units and DSLR around 50,000 units.

- The Hindu Delhi, April 14, 2010

Philips’ electronics biz on Videocon radar?

Diversified conglomerate Videocon Industries is understood to be making moves to acquire consumer electronics business of Philips India.

Sources, however, said if the acquisition takes place, it will help Videocon expand in home appliances, as Philips is a popular brand in the segment.  Other products include LCD TV, DVD, home theatre system and audio system.  Philips, the Netherlands based consumer durable major which has been operating in India for more than 80 years, had earlier said that it was strategically shifting its focus to healthcare and lifestyle segments.

- Times of India Mumbai, April 13, 2010

Appliances companies just love rising mercury

The early onset of summer has set cash registers ringing for appliances firms with sales of air conditioners almost doubling and refrigerator demand up around 50% in March over the year ago period.

“Consumers in southern and western regions have switched to split ACs but window models are still dominant in the North,” head of sales for LG India said.

ACs sales more than doubled for market leader LG and for other top shop up around 50% last month.  Sales of key consumer durable products rose 15-20% in 2009.

While consumer demand is robust, appliance makers are facing input cost pressure for basic commodities like metal that affects profit margins.

- The Economic Times Kolkata, April 13, 2010

The Stars of Efficiency

There’s good news for those consumers who are particular about energy efficiency in appliances.  The Bureau of Energy Efficiency of electrical appliances such as frost-free refrigerators and air conditioners (ACs) could be extended to ceiling fans and colour televisions- that have so far done it voluntarily – by the end of this year.  BEE, which operates under the power ministry, is responsible for developing programmes for efficient use of energy.

Current Labelling

Mandatory : Frost-free refrigerator, TELs, ACs, distribution transformers

Voluntary : Direct-cool refrigerators, colour televisions, electric water heaters, ceiling
fans, pumps, LPG stoves

In the pipeline : Washing machines, set-top boxes, diesel gensets, invertors, UPS, batteries,
passenger cars, fax machines, printers, computers, laptops, mobile phone charges.

- Business World Delhi, April 12, 2010

Videocon eyes Philips’ consumer products business in India

Diversified conglomerate Videocon Industries is understood to be making moves to acquire the consumer electronics business of Philips India.

This, however, does not include the lighting and healthcare products businesses of Philips India, the source said. 

“Voluntarily, we have taken a position that Philips as a company would be working towards projecting itself as a health and wellness company,” Philips Electronics India, managing director and CEO Murali Sivaraman had said last year.

- Business standard Delhi, April 12, 2010

Appliances cos just love rising mercury:  AC sales double & fridge’s up 50%

The early onset of summer has set cash registers ringing for appliances firms with sales of air-conditioners almost doubling and refrigerator demand up around 50% in March over the year ago period.

Demand for cooling products picked up early last month due to rising temperatures particularly in the northern and southern parts of the country.

Majority of top brands including LG, Samsung, Voltas, Whirlpool, Carrier and Godrej saw high-double-digit sales growth that would boost their earning.

Appliances makers say consumers purchasing pattern is slowly shifting with more people opting for higher price but lower electricity consuming products. For instance, LG says three out of every four refrigerator it sold last month were 4-star rated.

- The Economic Times Delhi, April 12, 2010

IT, electronics output up 10.4% in 2009-10

The IT and electronics production in India increase by an estimated 10.4 per cent during 2009-10 the growth rate less than half the previous year’s level – as global downturn dented the performance of mainstay software sector.

In consumer electronics and industrial electronics sub-segments, production values were Rs. 30,150 crore and Rs. 13,630 core respectively during 2009-10.,  For the record, consumer electronics production formed over a quarter of the total electronics hardware manufacturing in the country.

DIT said that reviving consumer sentiments, a strong demand for consumer durables, and the stimulus package propped up the performance of this segment, leading to an 18 per cent growth.  Within this industry, the colour TV segment was the largest contributor, its growth catalysed by upsurge in the LCD TV sales.

- Business Line Delhi, April 12, 2010

Steep input costs offset forex gains for durable cos.

A steep rise in steel prices has offset the gains from a strengthening rupee for consumer durable market.

Players such as LG and Samsung to not have any plans to pass on the gains from a strengthening rupee to consumers at present.

The rupee has strengthened against the dollar by about 3.4 per cent, while it has appreciated against the euro by 9.5 per cent in the March quarter.

Steel prices have shot up by almost a tenth in the past three months.  The prices were up by Rs. 2,500 a tonne since January and have gone up by another Rs. 2,000 since April 1.

- Business Line Delhi, April 09, 2010

LG targets turnover of Rs. 25,000 cr. by 2012

LG Electronics India (LGEIL) is targeting a turnover of Rs. 25,000 crore by 2012.  The firm would add capacity launch new products, and strengthen its rural foray, managing director, Moon Bin Shin told Financial Chronicle.

Shin said LGEIL would invest around Rs. 1,500 crore in scaling up capacity and establish an R&D centre.  The firm recorded a turnover of Rs. 13,500 crore last year and is targeting a turnover of Rs. 17,000 crore by the end of this year.

Shin said LG is making India the export hub for the Middle East, African countries, Nepal, Bangladesh and Sri Lanka and would develop export-oriented models at its r&D centre which would come up by 2010.

- Financial Chronicle Delhi, April 09, 2010

City gets e-waste disposal system

To address the growing problem of e-waste management in the city, the environment in the city, the environment department on Monday gave out six e-waste bins to NDMC and another 10 to eco-clubs for collection and disposal of e-waste in the capital.  Delhi Chief minister Sheila Dikshit launched the e-waste disposal system and distributed 42 paper recycling machines to various schools.

Due to the lack of proper disposal, e-waste like mobile phones, batteries and CFL bulbs find way to landfill where leaching of heavy metal and radioactive substances causes ground water contamination.

- The Times of India Delhi, April 6, 2010

Apple says it sold more than 300,000 iPads first day

Apple Inc, trying to revive demand for tablet-style computers with its iPad, said it sold more than 300,000 of the devices on the first day of their debut weekend.

The number includes pre-orders, sales at Apple stores and deliveries to channel partners, the company said in a statement today.  Usesrs downloaded more than 1 million iPad applications from Apple’s site and bought more than 250,000 electronics books from its online store during the first day.

- Business Standard Delhi, April 06, 2010

India mobile handset sales in 2009 flat at 101 m units

India’s mobile handset market remained flat in calendar year 2009 to register sales of 101.54 million mainly due to lower sales in the first six months (January – June), according to research firm IDC.

Finnish handset maker Nokia had the largest share of 54.1% in terms of units sold during 2009.  Korean companies Samsung with a 9.7% share and LG with a 6.4% share for the year ended December 31, 2009 were at number two and number three spots, respectively.

- The Financial Express, April 3, 2010

India mobile handset sales in 2009 flat at 101 m units

India’s mobile handset market remained flat in calendar year 2009 to register sales of 101.54 million mainly due to lower sales in the first six months (January – June), according to research firm IDC.

Finnish handset maker Nokia had the largest share of 54.1% in terms of units sold during 2009.  Korean companies Samsung with a 9.7% share and LG with a 6.4% share for the year ended December 31, 2009 were at number two and number three spots, respectively.

- The Financial Express, April 3, 2010

We’ll spend $5m on marketing: LG India

Consumer Electronics leader LG is repositioning itself in India.  It’s in the process of changing its image from being mass-market, value-for-money player to a brand that causes happiness and enriches life by focusing on softer aspects of life. “The company would be spending $5 million on marketing this year just to communicate its new identity.” Says Moon Bum Shin, managing director, LG Electronics India.

A leader in the 65,000 crore consumer electronics and home appliances market, LG India has also been trying to get noticed as an up market brand.  Its recent campaigns’ and products such as Jazz LCD televisions and Chocolate mobile phones are an attempt to lure back a sizeable chunk of consumers who, over the years, have moved up the value chain.  In an interview with Amit Sharma, Shin discusses the plan of making India as the company’s second-biggest market within the next five years.

- The Economic Times Delhi, April 05, 2010

Godrej aims pan-India presence in TVs this fiscal

Godrej Appliances, the home appliances maker which entered the television category last year, is planning to tap newer markets in the country this year.

The company aims to become a pan India TV player by the end of FY 11.

To create huge offtake in sales, the company is also running a consumer offer in a non-offer season time, where consumers will be given high-end Timex brand watches on purchase of Godrej Appliances products.  The appliances maker is also promoting its Eon iFresh refrigerators and Eon Mirror Star air conditioners through Godrej Group’s recently launched virtual world game GoJiyo.  It is also tying up with Miss Universe for promoting its refrigerators, a category where most of company’s communication for the fiscal will revolve around.  The company is looking at reporting a 45% sales growth for FY10.

- DNA Mumbai, April 03, 2010

Consumer electronics firms to test India with 3D TVs

Cashing in on the interest generated in the here-dimensional (3D) world by films like Vatar, consumer electronics companies like Samsung, LG, Sony and Panasonic are gearing up to cajole Indian consumers to buy a 3D TV set.

Industry analysts also point out that the entertainment industry is expected to adopt a common and compatible standard for 3D in home electronics. As a result, manufacturers like LG, Samsung, Sony and Panasonic would be able to increase their 3D TV offering and make 3D TV sales account for over 50 per cent of their respective TV distribution offering by 2012.  But the screen will use a mix of technologies until there is standardization across the industry.

Some of the unresolved issues, maeanwhile, revolve around 3D glasses (passive or active), bandwidth considerations, subtitles, recording format and a Blu-ray standard. Also, while some of the 3D TVs will have the capability of converting the 2D signal to 3D, for a real 3D experience consumers need to have a 3D source, like 3D broadcast.

- Business Standard Kolkata, April 2, 2010

We aim to double our volumes

Samsung India’s deputy managing director R Zutshi spoke to EF’s Neha Pal about the company’s plans to double the sales volume of flat panel televisions to 12 lakh units in the Indian market by this year.  The market size of flat panel televisions is 3 million, out of which, Samsung is targeting to sell 1.2 million this year.

We are planning to make $15 million of investments in India, out of which $10 million would be used in plant on air conditioner manufacturing and $5 million on home appliances.

The market size for flat panel televisions is 30 lakh.  With the introduction of new products, the company plans to double the sales volume of flat panel televisions to 12 lakh units by this year.  We plan to sell around 3 lakh LED television and 30,000 units of 3D televisions.

- The Financial Express Delhi, April 01, 2010

How TV makers are selling the idea of 3D

The consumer electronics world thrives on the latest new thing. And this year that would be 3D.  It was once considered a quirky technology gone nowhere, but, because of the popularity of “Avatar,” television makers now are racing to bring multidimensional viewing to the living room.

TV manufacturers are betting on 3D.  There are forecasts that consumers will buy 3.5 million to 4 million such sets, or about 10 per cent of all United States television sales, this year.  But that may be optimistic.  Different and incompatible technologies mean that one maker’s glasses, for example, cannot be used on another’s television model.

- Financial Chronicle, March 31, 2010

LG, Motorola launch Android mobile phones

Googles’s mobile operating system Android is catching up with major handset makers with Korea’s LG Mobiles and US’s Motorola today announcing the launch of Android phones in the Indian market.

Being an open-source operating system, Android allows developers to design applications independent of the handset type. HTC, Samsung and Sony Ericsson have already launched their Android powered handsets in the Indian market.

- The Political and Business Daily, March 30, 2010

Godrej plans to focus on multi-brand outlets

Godrej appliances will focus on driving sales through multi-brand outlets (MBOs), shunning expansion through their own exclusive brand outlets (EBOs).

This means a range of Godrej appliance such as air-conditioners, washing machines, refrigerators and microwaves would be made available through large, third party outlets such as Croma and south India-based retail chain Viveks.

George Menezes, COO appliances division, Godrej & Boyce Manufacturing, told Financial Chronicle that the new strategy stems from the fact that customers these days are looking for choices, which MBOs provide.

- Financial Chronicle Delhi, March 29, 2010

The Final Dimension

James Cameron’s 3D spectacle Avatar, which made mega bucks at the box office, may have failed to sweep the Oscars completely, but it seems to have stirred up the 3D TV market.  What else can explain the sudden rush among telly makers to launch their 3D models?

All the major players are now gearing up for a foray into the 3D T segment, with some already hitting the market in the US and others announcing launch dates.  In India, Sony India announced its entry into the segment by introducing its Bravia 3D LCD TV to the media last week.  The company, however, is tight-lipped about its launch date, here and worldwide.

Initally, the shortage of 3D content is expected to put off many buyers.  The Sony India representative admitted this, but said the company was hopeful.

- The Indian Express Delhi, March 28, 2010

3D sets grapple with content gap

Makers of television sets feel it is time to liberate 3D from the confines of movie theatres and bring it to living rooms.

Sony, Samsung, LG and Panasonic have all geared up to launch 3D sets in India, a key market because of its population an huge consumer spending trend.

According to experts, creating content for 3D is 50 per cent more expensive as it involves costly cameras and post-production equipment.

- The Telegraph Kolkata, March 26, 2010

TV makers, DTH operators score off IPL

The IPL wave has led to a significant jump in sales for television makers and DTH (direct to home) operators.

Companies such as LG and Samsung have almost doubled their sales in the past few weeks.

LG Electronics India sold over 80,000 television sets in February-March this year as against 41,267 in the corresponding period last year.  In March, the company has sold till date some 43,000 units as against 21,132 units last March.

“The season looks promising.  We expect to sustain our growth momentum going forward” said an LG Official.

- Business Line Delhi, March 25, 2010

Light and healthy

Chary as he is of revealing specific figures, Philips India CEO Murali Sivaraman in a presentation says Philips has seen the strongest growth in healthcare with sales growth of 33 per cent and order growth of 54 per cent.  The consumer lifestyle business grew 18 per cent over the last year and its biggest business, lighting, saw a blip in the first half of the last year with overall infrastructure business down.

The second half of the year saw stronger growth in the lighting business of 15 per cent and also saw the introduction of modular switches – specific to the Indian market.  Philips does not have it elsewhere, says Shivaraman.  The year also saw the expansion of its light lounges, where consumer can get a “see, touch and feel” experience of home decorative lighting, and also unveiled a new kids’ collection of chile-friendly lights, and a range in the fast emerging LED (light-emitting diodes) market.

- Business Line Delhi, March 25, 2010

TV makers, DTH operators score off IPL

The IPL wave has led to a significant jump in sales for television makers and DTH (direct to home) operators.

Companies such as LG and Samsung have almost doubled their sales in the past few weeks.

LG Electronics India sold over 80,000 television sets in February-March this year as against 41,267 in the corresponding period last year.  In March, the company has sold till date some 43,000 units as against 21,132 units last March.

“The season looks promising.  We expect to sustain our growth momentum going forward” said an LG Official.

- Business Line Delhi, March 25, 2010

Samsung to roll out Bada platform in April-June quarter

Electronics major Samsung says its much-talked about mobile operating system Bada (‘bada’ means ‘ocean’ in Korean) will be launched in the April-June quarter this year.

Currently, the company has made a kit available to the developers’ community to generate applications for the operating system (OS).

He said the country was witnessing a boom in the duel SIM segment.

“From a three per cent market share in November 2008, dual-SIM handsets occupied 18 per cent a year later. The market is going to grow 2.5 times in 2010,” he said.

Samsung which has four dual-SIM models, released two more models on Wednesday.

- Business Line Delhi, March 18, 2010.

Samsung targets 25% market share in ‘10

Samsung India aims to significantly increase its market share in the mobile phone market that, at present, stands at about 15 per cent in volume terms.  The company hopes to add 8-10 per cent market share in 2010 and this increase is expected to be fuelled by growth in dual SIM phone business, touch screen handsets and 3G enabled mobile phones.  Samsung India is also set to launch new range of handsets with its own operating system called Bada soon.

Ranjit Yadav, director (mobil & IT) of Samsung India said, “We are looking at dual SIM handsets contributing up to 15 per cent of our total handset volumes this year, up from about 7 per cent in 2009.  We are well positioned to take advantage of the future growth in this category, which is expected to grow 2.5 times in 2010.”  The mobile handset business accounts for 30 per cent of the total revenues of Samsung India.  The company declined to share its revenue.

- Financial Chronicle Delhi, March18, 2010

What’s your next TV like?

The electronics industry is bracing itself for yet another shakedown this year and it couldn’t come at a better time.

While this story was going to print, both Sony and Samsung had already announced intentions to launch a 3D blitzkrieg in India as early as April. Taking the Full-HD (1920x1080p) resolution to beyond 3D will open up new doors of home-entertainment that could impact the social fabric in no small terms.

“With 3D LED TV, Samsung is creating not only a new product category but a new way of experiencing TV.” says Ravinder Zutshi, deputy M Samsung India.

While the consumer still grapples between nomenclature such as LCD, LED, IPS etc, television manufacturers are showing no mercy in ensuring that the current generation of flat panels have an ephemeral existence.

- The Economic Times Delhi, March 16, 2010

Summer gets hotter as fridges, ACs to cost more

On the back of an increase in excise duty and raw material prices, consumer durable companies such as LG, Voltas, Samsung and Godrej & Boyce began increasing prices of refrigerators and air conditioners (ACs) from today.

Consumers may expect an increase in prices by around three per cent across all brands and price ranges.

Consumer durable firms do not believe the price rise would affect sales. They feel there is huge scope for growth, with the segment already growing at a compounded annual rate of around 25 per cent.

- Business Standard Delhi, March 16, 2010

Samsung unveils world’s first 3D LED television sets in the US

Samsung unveiled the first sets that will capture the excitement generated by 3D films such as Avatar and Alice in Wonderland in which 3D images appear to leap out of the screen at you.

They will start at around £1,300 for a 32-inch LED model, rising to just under £5,000 for a 65-inch version.

However, customers will also have to pay extra – probably another £500 plus – for a compatible Blu-ray DVD player and sophisticated electronic glasses.  Samsung is not alone in lauinching 3D sets, as Sony, Panasonic and LG are all about to reveal detail of their models.

-         Mall Today Delhi, March 12, 2010

Panasonic to enter LED TV space

Consumer durables player Panaonic India is entering the light emitting diode (LED) TV segment this year.  The company plans to start manufacturing and marketing the product next month.

Panasonic has completed its field testing in 22 locations across the country including Delhi, Mumbai, Kolkata and Chennai.  The manufacturing facility for the LED TVs will be in Noida initially.  The new LED TVs will come in the 32-42 inch range and the plan by next year is to release 50-inch monitors in the LED range.

- Business Standard Delhi, March 11, 2010

The picture gets brighter for high-definition TVs

As consumer spending bounces back this year after over a year of slowdown, the sales of full HDTV (high definition TV) have gained more steam in the market.

HDTVs, whose picture resolution is four to five times that of standard definition TVs ensuring greater audio and video quality, contribute more than 30 per cent of Samsung’s total LCD TV sales, “and has been growing at a scorching pace”, says Mr. Ravinder Zutshi, Deputy Managing Director of Samsung India, the market leader in the LCD TV segment.

“Particularly, in the 40-inch-and-above segment, almost 100 per cent of our sales come from HDTVs,” he says. With close to 1.5 million units, the flat panel TV category (including plasma and LCD TVs) closed the calendar 2009 with over 10 per cent of the 13.5 million unit overall TV market of the country.  According to industry experts, this is expected to double during the current year. Of this, over 30 per cent will come from HDTVs, they say, Last year, it was only 18-20 per cent.

- Business Line Delhi, March 11, 2010

‘We aim at 30% market share in LCD TV by ’10-11

Sony India managing director Masaru Tamagawa spoke to FE’s Neha Pal about plans to double Sony Bravia’s marketing investment in India Excerpts:

How much is India’s share in the overall globlal revenues of Sony and which verticals are more revenue driven?

We are very bullish about our growth in India as it is considered as a strategic market globally.  At present, India’s contribution to global revenue is less than 5%.  The verticals which are more revenue-driven are Bravia, MP3 walkman, Cyber-shot, Vaio and Play Station.

When would 3D television be launched in India and other parts of the world? What is going to be its price range?

We are going to launch 3D televisions at the same time globally.  It will be launched around Jne and the price range has not been decided as yet.  We will disclose it after three months.

What would be your investment in marketing in 2010?

Our marketing investment would be Rs. 140 crore in 2010. We are going to spend 40% for TV commercials, 30% for press advertisements, 15% for outdoors, 5% for Internet and the remaining 10% for shop-front advertisement.

How many outlets do you have in India and what are the new expansion plans?

Currently, there are 2,500 outlets in India and we are planning to double out dealership network to 5,000 to capture the demand of those who would like to replace their normal colour TVs with Sony LCD TVs.

What is your target in terms of market share in LCD TV segment by financial year 2010-11 which was 25% in the corresponding period last year.

- The Financial Express Delhi, March 11, 2010

Mobile Makers’ Calling Card : Pack in more SIMs

Deepak Shikar had two connections from different mobile service providers. He used one handset for official work and the other for personal use. But that was till last month, when his friend told him about dual-SIM handsets. Now, Shikar simply switches calls with a flick of a button.

Sales of dual-SIM phones are growing at more than 100 per cent, say analysts. From a marginal 3 per cent share of the overall market last year, dual-SIM phones now account for nearly 15 per cent, according to the latest data from ORG-GfK, a marketing and services solutions company. While the dual-SIM market was, till recently, dominated by Chinese vendors and imports, leading brands like Samsung, Nokia, Spice and LG are now planning to make inroads. New brands are also entering this segment with not just dual-SIM but also triple-SIM and multi-SIM handsets.

Telecom sector analysts are also of the opinion that as India Inc expands, it is important to ensure that its contact points spread over the country can reach an individual without making STD calls and paying roaming charges.

However, analysts also highlight a few limitations of multi-SIM handsets. For instance, when the dual-SIM phone battery goes out, both the connections are lost. Also, the dual-SIM capability raises the phone price by Rs 900 to Rs 1,800. Moreover, a few of the dual-SIM phones available in the market at a cheap price are not really dual-SIM phones. They have two SIM card slots but only one of the SIMs can be activated at a time.

- Business Standard Delhi, March 11, 2010

Sony introduces 3D TV in India

Sony introduced 3D TV in India, which would prove to be the next big trend in the evolution of multimedia entertainment.  Based on new LED technology, the new range of TVs is also compatible with Internet and the company has exclusive tie-ups with some of the content providers like ‘Youtube’ to provide videos and clips.

“Sony is confident that it will be able to achieve the targets based on three strong pillers of technology, picture quality and design.  We plan to usher new heights in the LCD TV segment with plans to capture 30 per cent of the total market share,” Mr. Tamagawa said. Last year, Sony sold more than four-lakh units of Bravia in India and this year it hopes to double its sales.  The total market for LCDs in the country is around 16-lakh units and is expected to grow up to 27 lakh units by the end of the current financial year.

The Hindu Delhi, March 10, 2010

Nokia Phones to get self-charger

The battle for the topper does not end just by reaching there.  He has to devise strategies to stay put, Finland-based Nokia, a leader in mobile telephony, has come up with a strategy – a new technology that allows future cellphones to charges themselves up without external power supply.

If this technology can be applied cheaply, it will give Nokia an enormous competitive advantage in regions with irregular power supplies.  In India outside of major metros, most areas suffer from frequent power outages.

This could secure its dominance in the mobile manufacturing space, which has been threatened by premium smartphones such as iPhones and cheaper Chinese mobiles.

- The Asian Age Delhi, March 09, 2010

Enter 3D TV: But, sorry, only 2D content available

Sony Corporation will bring in India’s first three-dimensional television on Tuesday, to be closely followed by others like Samsung, LG and Panasonic within weeks as 3D TV has become the new buzzword in the consumer electronics industry.  While the prospect of watching Hollywood blackbuster Avatar or live telecast of Indian Premier League matches – yes, IPL chairman Lalit Modi has it in mind – in 3D in one’s own living room may excite anybody, the truth of the matter is as of now there is little or no 3D content available for television viewers in India.  And the little content available in international market would appeal to a negligible section in the country.  And the industry is aware that unless broadcasters and other content creators step in to work on the expensive 3D technology, it will be a tough task to make consumers shell out a hefty premium of more than 40% over LCD TVs for a new product that offers nothing extra as of now.  We are not expecting big business from the 3D TV foray; any sales of 3D TV will be considered a bonus,” Amitabh Tiwari, head of sales at LG Electronics India. “Content for 3D is costly to make so viewers will be little choice.”  The country’s largest consumer electronics player will launch its 3D TV in the second week of April and the fag end of IPL’s third season will see the company advertise its 3D LED TVs.  “We will not spend more than 5% of our marketing, budget on the 3D TVs and these will only be available in the top 15 cities,” says Mr. Tiwari. Agree Eric Braganza, president Haier Appliances India: “We do not expect the market for 3D TVs to boom in India soon. It is going to be a very gradual growth story.  Development of 3D content is critical to the market.

- The Economic Times Kolkata, March 9, 2010

Consumer Electronics goods price hike begins

Consumer electronics companies have decided to pass on the two per cent excise duty pressure on to the consumer.  Some of these companies such as Godrej & Boyce announced a price revision upwards on Tuesday and LG Electronics India (LGEIL) would hike prices of its various products by March 15.  Samsung would take a call on the price rise by the end of the week.

“We are increasing the prices of all our products depending on product and price segment they are in.  For example, an entry-level refrigerator that costs Rs. 8,000 would be now available at Rs. 8,100.  Similarly, a frost-free refrigerator which was available at Rs. 12,000 will be costlier by Rs. 250. And a high-end frost-free priced at Rs. 20,000 would be available at Rs. 20,400” said the vice-president, sales and marketing of Godrej and Boyce, Kamal Nandi.

However, Nandi also mentioned that there would be some relief probably for few days as the consumers can buy any inventories available with the dealers at earlier price tag as the new prices will be applicable on fresh supplies.

- Financial Chronicle Delhi, March 3, 2010