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Bharat Electronics wins orders worth Rs 1,011 cr
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From fans to factories: Atomberg considers supply of parts to appliance makers
Atomberg is expanding beyond consumer appliances into supplying motors, controllers and other components to manufacturers, betting on India’s push to localize electronics and appliance supply chains. The move could open a new growth engine for the company as it prepares for a public listing.
Fiem Industries inaugurates EMI and EMC testing laboratory at Gurugram
Fiem Industries has announced the commissioning and inauguration of a new state of-the-art Electromagnetic Interference (EMI) and Electromagnetic Compatibility (EMC) Testing Laboratory at its R&D-Electronics, Innovation Centre & Corporate Office in Gurugram.
SC to hear LG India's plea against EPF requirement for expat staff
The Supreme Court will hear LG Electronics India's challenge to rules requiring foreign workers in Indian companies to join the Employees' Provident Fund Organisation. LG argues this is discriminatory compared to Indian employees. The Delhi High Court had previously upheld these rules. The court has issued notices and will hear the case further on March 20.
Ai+ Smartphone, Optiemus plan ₹125 crore India manufacturing push
Homegrown tech brand Ai+ Smartphone has partnered with Optiemus Electronics to manufacture smartphones and other ecosystem products in India. The companies will jointly invest Rs 125 crore over five years, targeting production of three million smartphones and creating over 1200 jobs. This collaboration aims to boost domestic manufacturing and align with the 'Make in India' vision.
Blue Star, Voltas, and LG Electronics best placed for summer demand surge: Equirus Securities
Equirus Securities expects room air conditioner volumes to grow around 20% this calendar year. Manoj Gori, Associate Director – Equity Research said AC prices are already up about 7–8% due to currency depreciation and raw material costs.
Explained: How Dixon, Kaynes Tech, others may benefit from latest FDI policy changes
India has eased investment rules for countries sharing a land border, allowing up to 10% foreign ownership in firms via the automatic route. Approvals for specific sectors like electronics components will now be fast-tracked to 60 days, aiming to boost domestic manufacturing and attract capital.
Dixon opens a new chapter with HKC JV approval, but valuations are high
The display-module venture deepens Dixon’s push into electronics components and backward integration, but much of the optimism appears already reflected in the valuation.
Heatwave Impact: AC makers Blue Star, Voltas, Havells shares surge up to 5%
AC stocks Blue Star, Voltas, LG Electronics India gained as parts of the country started getting warmer this week. AC makers are said to have increased their rates as well ahead of peak summer, while Blue Star on Tuesday launched its new range of room air-conditioners for the summer.
SEDEMAC Mechatronics share price lists at ₹1,535 on NSE — premium of 13.54% over IPO price
SEDEMAC Mechatronics shares debuted strongly on March 11, listing at ₹1,535 on NSE, a 13.54% premium. The IPO was subscribed 2.68 times, raising ₹1,087.45 crore. The company focuses on control electronics and innovative motor control technologies for automotive applications.
Choked shipping routes jolt Indian manufacturers
India's manufacturing sector faces disruption due to the Iran war. Critical shipping routes are threatened, impacting automakers and component makers. Consumer goods and electronics exporters are already halting shipments and production. Industry bodies seek government support for fuel supplies. Companies are assessing supply chain risks, with some setting up crisis teams.
Elara initiates coverage on LG Electronics India, sees 14% upside
Elara Securities initiates coverage on LG Electronics India with an ‘Accumulate’ rating and ₹1,750 target, implying nearly 14% upside, citing localisation, capex-led expansion and growth from the LG Essential series.