As it eyes $2 billion sales in India by 2008, Samsung said on Thursday it will set up a second plant in the country which would cater to the burgeoning demand in the market.
The company might look to reduce workforce in its mobile phone division.
Samsung India on Monday announced that the company is all set to export Indian made refrigerators, the second product category in its consumer electronics and home appliances portfolio, that would be exported from India in addition to colour televisi
Samsung has been facing competition from local mobile handset makers like Micromax, Lava and Karbonn but it has maintained its lead in smartphones.
One can pre-book the Note by paying an upfront booking amount of Rs 2,000 through the Samsung India e-store.
Buoyed by the market response to its Tizen OS-based smartphone in India, tech giant Samsung plans to manufacture the 'Z1' at its Noida facility soon.
South Korea's Samsung Electronics on Wednesday announced commissioning of its refrigerator manufacturing plant in India and said it will achieve a 13 per cent market share by selling 400,000 refrigerators this year.
Smartphone supplies in India grew by 6 per cent to 4.6 crore in the July-September quarter with Vivo leading the chart and iQoo clocking the highest growth rate among top 10 brands, a report by market research firm IDC said on Wednesday. The market was dominated by Chinese players, with leading brands cornering around 72 per cent market share during the quarter. "The Indian smartphone market grew for the fifth consecutive quarter.
The issue has been raised by the income-tax department saying that consumer electronics and home appliances manufacturer Samsung India Electronics Ltd is liable to deduct tax in respect of goods outsourced for manufacturing to other manufacturers or original equipment manufacturers.
Whoever can make acquiring smartphones more affordable will win the sales game.
After the government backtracked on its plan to impose Customs duty on pricier components, Samsung has decided to begin production of key mobile parts in Noida from April.
Samsung India Electronics on Tuesday said that it would launch a slew of hi-end mobile phones in India this year targeting the consumer segment looking for upgrades.
Samsung is betting on core capabilities like R&D to stay prepared for the new wave of technologies like 5G and IoT (internet of things).
The company will meet DGCA next week and is putting in place a strategy to contain the damage
The Korean major, as part of its rural push, has begun an "attack district" project with focus on 80 key districts to increase sales of its TVs, refrigerators and washing machines
The Harrier EV is the first mainstream EV in India to offer a dual-motor, all-wheel-drive (AWD) which the company has termed as QWD, The Quad Wheel Drive, reports Rajesh Karkera.
Samsung India is in talks with the governments of Andhra Pradesh and Tamil Nadu for setting up a manufacturing unit. The Rs 6,300-crore (Rs 63 bilion) company hopes to finalise its plans in the next three months.
Excess earnings of unlisted companies over and above their interest costs are at a record level. The interest-coverage ratio of 2.94 is the highest going back to 1990-91, according to numbers from the Centre for Monitoring Indian Economy (CMIE). The ratio measures earnings relative to every rupee to be paid as interest on outstanding debt.
The Galaxy S3 handset will cost Rs 43,180. Apple's iPhone 4 (16 GB) is priced at Rs 44,500.
Samsung India, which claims to be number two in India, is planning to get into Blackberry's shoes. The company is expected to officially announce the launch of two handsets, one a touchscreen and another slider phone, in the business phone segment.
Samsung India Electronics Limited on Tuesday said it expects the contribution of Flat TVs in total television sales to grow to 50 per cent by the end of this year.
Describing Supreme Court's direction asking Samsung Electronics Chairman Lee Kun-hee to appear before a Ghaziabad court in a cheating case an "extreme step", Commerce and Industry Minister Anand Sharma on Friday said it would adversely impact investment and business climate.
Korean multinational, Samsung said it has decided to focus on tier II and tier III markets in India by introducing customisation in products for the Indian market with an aim of driving 26 per cent of its revenues this year to come from these markets.
DRI had last month issued the notice to Samsung India for allegedly evading duty worth about Rs 70 crore (Rs 700 million) while importing the tablets from South Korea between April 2012 and February 2013, the sources said.
Samsung India on Wednesday announced the launch of a host of high-end products built on a new technology platform called Digital Natural Image Engine and said it hopes to double the current sales over the next three years.
Samsung India was targeting a turnover growth of about 80 per cent to cross Rs 5,000 crore (Rs 50 billion) during 2003, while aiming to consolidate its position in the consumer electronics market through new product launches.
The Uttar Pradesh government and iPhone maker Foxconn have started discussions to set up an electronics manufacturing unit in the state, sources aware of the development said. The investment pitch was made by Invest UP to Foxconn at the time of the final land allocation for the HCL-Foxconn chip joint venture Vama Sundari.
Micromax accounted for 22 per cent of smartphone sales in India
India is an important market for handset makers.
Samsung is counting on snazzy new products, innovative marketing and vaulting ambition to close the gap on rival Nokia in this lucrative segment.
With cellular telephony fast expanding, Samsung on Friday said it has tied up with India's largest cellular operator AirTel for bundling of handsets in all circles.
'As the global economy undergoes significant transformations in 2025, India's ability to navigate the complexities of trade wars, financial realignments, and emerging blocs will be pivotal,' explain Harsh V Pant and Soumya Bhowmik.
Apple's ambitious strategy to expand iPhone exports, shift more production from China to India at a faster pace, and grow its domestic market hits a Trump-sized roadblock.
Delivering a double whammy to the International Cricket Council, with which South Korea's LG is ending a sponsorship deal, another electronics firm Samsung has said it was more keen on sponsoring the Olympics.
The company plans to bring more 4G-enabled devices in near future in a lower price range.
It has 18.9 per cent share of the market, down from 22.6 per cent for the third quarter of 2018 while Xiaomi has 27.1 per cent share.
With considerable enhanced product line up and expansion of distribution tie-ups, Samsung India is eyeing a market share of 20 per cent in printer category this year, company deputy managing director Ravinder Zutshi said on Monday.
