Indian Electronics Manufacturing Developments : News, Updates and Discussions
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The surge in wearables manufacturing in India is impacting Chinese assembly lines adversely, with many factories in that country facing a sharply reduced order book
economictimes.indiatimes.com
Growing wearables production in India bleeds China units
Top wearables brands such as Boat and Gizmore are making most products locally in key categories audio and smartwatch through electronics contract manufacturers such as Dixon Technologies and Optiemus Electronics, several industry executives ET spoke to have said.
Another disruption from jio . Reliance Jio has announced the launch of the "Jio Bharat" V2 phone platform with the aim of transitioning the existing 250 million feature phone users in India out of the 2G era.
Mobile components manufacturer to set up Rs 250 crore unit in Belagavi The company has asked the government to provide 30 acres of land for this purpose. The company, known for manufacturing mobile components for companies like Apple .
www.moneycontrol.com
Karnataka: Mobile components manufacturer to set up Rs 250 crore unit in Belagavi
The company has asked the government to provide 30 acres of land for this purpose.
Boat unveiled Smart Ring . Tracks steps and distance walked, and calories burned throughout the day, monitors the users' heart rate, body temperature, SpO2 or blood oxygen levels , sleep pattern, menstruation cycles etc
www.gadgets360.com
Boat Unveils New Fitness Tracking Device, Smart Ring, in India: See Features
The Smart Ring connects to a Boat Ring App, which offers data visualisations and progress tracking.
Apple Surprises in China, Sets India High During Sales Slump
(Bloomberg) -- Apple Inc. grew revenue in China a surprisingly strong 8% while setting a record for Indian iPhone sales, bright spots in an otherwise disappointing quarterly check-in from the world’s most valuable company.Most Read from BloombergUS Bank Shares Drop as Moody’s Cuts Ratings, Warns...
India becomes 2nd largest mobile manufacturing nation: Counterpoint
India has become the second largest mobile producing nation as locally made mobile phone shipments crossed the 2 billion cumulative mark in the 2014-2022 period, registering a 23% growth compounded annually, according to a new report. The ramp up in local manufacturing came on the back of huge...
Foxconn's 300-acre manufacturing facility in Bengaluru taking shape
Foxconn is investing up to Rs 8,500 crore to set up the manufacturing plant, which is expected to create one lakh job opportunities over the next decade.
Indian semiconductor startup Mindgrove Technologies (IITM Incubated) has announced the tape out of its first microprocessor called Secure IoT. It is based on the 64-bit single-core RISC-V (Shakti C-class) chip.
Secure IoT is a 700MHz high-performance SoC taped out at 28nm and can power a range of products like wearable devices, home appliance meters, biometrics devices, thermal printers, and EV BMS.
Secure IoT is a 700MHz high-performance SoC taped out at 28nm and can power a range of products like wearable devices, home appliance meters, biometrics devices, thermal printers, and EV BMS.
US pips UAE as largest buyer of Indian-made smartphones, but Russia pays more per piece
Smartphone exports to Russia jumped over 700 percent in the first five months of 2024 from the previous year
Smartphone exports to Russia jumped over 700 percent in the first five months of 2024 from the previous year
Ishaan Gera & Adrija Chatterjee
August 08, 2024 / 15:13 IST
US, UAE top destination of smartphone exports. Pic: Representative.
From an importer of smartphones, India is shaping up to be a major exporter of the devices with the US importing the highest 7.6 million units, followed by 3.8 million shipped to the UAE. Russia, however, paid more per unit despite a 700 percent surge in volume.
The top two importers of Indian-made smartphones together made up nearly half of the 26 million exports to 91 countries in the first five months of 2024, shows a Moneycontrol analysis of commerce ministry data.
This is a big leap from 21.5 million smartphones India had exported in 2023 and 5.8 million in 2022. While India’s smartphone exports grew 20 percent in January-May 2024 from the previous year, US shipments surged 71 percent.
Exports to the UAE, on the other hand, declined 37.8 percent, with countries from the European Union raising the imports by over 30 percent from India.
Sources indicate that the growth in India’s smartphone exports seem to have continued in the first six months of the year.
The country exported $10 billion smartphones in the January-June period of 2024, a third higher than $7.5 billion in the first half of 2023.
Smartphone shipments from the country had grown 42.2 percent in FY24 to $15.6 billion, 65 percent of which were Apple iPhones.
However, in terms of value per item, it was neither the US, UAE or their European counterparts that paid the most per smartphone, but Russia and Belarus.
Per smartphone cost was $604 for Belarus and $600 for Russia in the first five months of 2024 compared to $452 for the US and $320 per shipment for the total exports.
While Russia paid 15 percent more per smartphone, for the US cost was up only 2 percent from the previous year.
Russia also trumped most other countries in terms of imports from India, registering an over 700 percent rise, moving eight ranks to 17 from 25 in top nations receiving India’s exports.
The US replaced the UAE as the top importer of Indian-made smartphones, while the Netherlands was replaced by Austria and the UK as top export destinations.
Smartphone exports have also become more spread out. The share of top 10 destinations in India’s smartphone exports fell from 88 percent to 85 percent, destinations like Belarus, Russia and Mexico gaining ground.
Moneycontrol had earlier reported that in the first five months of 2024 India exported nearly $8.4 billion worth of smartphones, pipping cereals as India’s eighth most exported products till May 2024 and were in touching distance of replacing vehicles as one of India’s top exports.
https://www.moneycontrol.com/news/b...-but-russia-pays-more-per-piece-12791001.html