This festive season is expected to be a happy one for consumer durables companies, with most expecting to clock a sales growth of 40 per cent - double the amount achieved last year.
Korean electronics giant LG will re-enter the laptop business in India with plans to launch mini notebooks by the end of this year.
Korean conglomerate LG Electronics plans to set up learning and design centres across India. The centre will help employees hone their skills across departments such as industrial design, marketing, lifestyle research, economic and market research among others. The company plans to bring on board specialists in these sectors as faculty for the same.
South Korean giant LG Electronics is working on using technology to revamp its product line by next year, based on three key parameters.
The smartphone --LG GM 730-- is priced at Rs 24,000 and is based on Qualcomm's chipset and also with Windows mobile and touch screen that will offer faster email setup and download.
A bench headed by Justice Arijit Pasayat while seeking reply from the companies also tagged the petitions with other similar petitions pending before it. It may be noted that more than 100 petitions have been filed from all over the country on the issue. The Uttar Pradesh government had challenged the high court judgement that held that there was no material sufficient to establish that the amount collected as tax was in proportion to the facilities provided to the traders.
The battle for subscribers in the direct-to-home (DTH) market is hotting up with Reliance Communications (RCom) close to finalising a bulk deal with the country's leading TV manufacturers -- LG Electronics, Samsung India and Sanyo -- which will be offered to customers at a hefty discount bundled with a DTH package.
Though multinationals bring an added advantage of quality assurance and consumer trend of upgrading towards branded products, they will have to tread carefully as the grey market is dominant.
Indeed, where other industries complained of poor demand, festival season sales for consumer electronics grew 30-35 per cent year on year, boosting average growth for the year from 7-8 per cent to 10 per cent. In fact, it was the durable sector which drove industrial growth of 4.8 per cent in September.
LG Electronics on Friday introduced its ultra-light weight CDMA mobile handset 'LG RD 2330' in the domestic market.
Consumer electronic goods manufacturers are moving from 'Made in India' to 'Designed for India' products.
This week, market leader LG Electronics -- with Rs 5,000 crore (Rs 50 billion) sales turnover -- reported a 20 per cent growth in sales from its Indian operations in the first six months of the year.
They have invested for the long term and made a strong organisational commitment by assigning senior managers to work with established local teams.
The Monopolies and Restrictive Trade Practices Commission on Wednesday banned consumer electronics major LG Electronics from advertising its 'Mangal Hi Mangal Offer' gift scheme, saying the advertisement was "deceptive".
The company plans to display and sell the new product line in upscale consumer electronics stores and Giorgio Armani's direct controlled retail network. The tri-brand GSM/GPRS phone will be available in European countries, the Asian region and parts of the US by November.
LG Electronics, the official global partner of the ICC Cricket World Cup, will be launching a limited edition of official 29-inch colour televisions in India.
To ensure that consumers upgrade to higher end durables at a faster pace, market leader LG Electronics is launching an initiative soon.
The concerns have grown after the ICL decided to postpone its tournaments from October 1 to mid-November this year.
The company aims to recruit 10,000 people by the end of this year as a part of its branding strategy to focus on service and move away from discounting. In the initial phase the company has entered into agreements with ITIs in the states like Maharashtra, Gujarat, Delhi, Punjab, Assam, Karnataka and is in the last leg of signing with Uttar Pradesh.
P N Dhoot wins 'Man of Electronics' award
Prices of air conditioners and refrigerators are expected to shoot up even as summer temperatures soar in major cities.
The Rs 1.5-trillion-a-year industry has ended the year with a 30 per cent fall in sales because after a steady recovery in the festive season, multiple factors dashed its hopes of revival at the end of the year.
Leading white goods manufacturer, LG Electronics would invest nearly Rs 400 crore (Rs 4 billion) this year in India towards expansion of its existing manufacturing facilities.
Following Reliance Communications' move to break the sub-Rs 1,000 price barrier in the black and white CDMA sets, mobile phone manufacturers are working hard to break the sub-Rs 2,000 barrier for GSM colour mobile phones.
LG Electronics India Ltd on Thursday said it was planning to manufacture laptops at its proposed greenfield plant at Ranjangaon near Pune.
Consumer electronics company LG Electronics India Ltd on Tuesday signed an agreement with the Maharashtra government to set up its second greenfield facility at Ranjangaon.
LG Electronics India (Pvt) Ltd would start manufacturing CDMA mobile handsets at its Pune facility in keeping with its plan to make India a manufacturing and export hub.
LG electronics India Ltd would invest Rs 55 crore (Rs 550 million) in plant and machinery and product development in the country, which would include manufacturing front-loading washing machines.
Teams for the 2007 World Cup will be seeded based on their rankings in July this year.
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