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SATISH NS
Electronics makers face component shortages as Gulf shipping crisis hits productionIndian electronics manufacturers are currently grappling with a critical shortage of essential components like microprocessors and batterie...- West Asia Conflict: Supply chain woes hit smaller brands harder amid inflationAmid ongoing supply chain challenges and the burden of rising operational costs, smaller consumer goods players are feeling the squeeze. Th...
- Consumer companies feel summer wedding glow as jewellery, appliances, staples sales outpace winter gainsSummer weddings are driving a significant spending surge across India. Strong rural incomes from a good harvest are boosting sales of every...
- Retailers face AC shortage as heatwave boosts demandIntense heatwaves have driven a sharp rise in air-conditioner sales. This surge, following lower production in March, has created significa...
- Coming soon: Price hike round 3 in four months for durablesConsumers face another price hike on electronics like ACs, TVs, and smartphones by end April. This marks the third increase in four months....
- TV industry bracing for decline in sales on rising production costs amid Israel-Iran warThe Indian TV market is experiencing rising costs and a potential dip in sales. Manufacturers are seeing consumers opt for smaller screen s...
- Electronics companies stockpile amid rising input costs and supply chain uncertaintyCompanies are building up stocks of memory chips and plastics. This is happening because input costs are rising and supplies are uncertain....
- Haier expects up to 30% growth in festive season post GST cut, to up India investments: NS SatishHaier Appliances India anticipates significant growth this festive season. The company projects a 25 to 30 percent increase in sales. This ...
- Electronics items to see price cuts; ACs, dishwashers likely to see reduction of Rs 3,500-4,500 apieceAspirational consumer electronics like large-screen TVs, ACs, and dishwashers are set to become more affordable. Chief executives anticipat...
- GST cut to reduce prices of TVs, ACs & dishwashers by 8-9%Great news for consumers as prices of large screen televisions, air-conditioners, and dishwashers are set to decrease. The GST Council's de...
- Haier announces fresh manufacturing investment of Rs 800 crore in India to expand its AC production capacityHaier is investing Rs 800 crore in India to expand its air-conditioner production and start PCB manufacturing. The new AC plant will increa...
- Haier set to cross a billion revenue mark in 2024, aims Rs 11,500 cr next yearHaier Appliances India anticipates crossing $1 billion in revenue in 2024, supported by robust demand and premiumisation trends. The compan...
- Haier plans ₹1,000 crore expansion push: Haier India president Satish NSThis includes ₹400 crore currently lined up to set up a plant for injection molding and sheet metal, which are major input materials used i...
- From mobiles to TVs, Indians are buying 'smart' gadgetsThe pandemic has accelerated the trend of Indian consumers purchasing smart electronic products such as smartphones, smart televisions, and...
- Haier aims for 33% growth in turnover this year, investing Rs 1,500 cr by 2025Haier India aims to grow its turnover by 33% to reach Rs 8,000 crore in 2023 by expanding its product portfolio, sales network and premiumi...
- Consumer electronics makers extend production cut, defer plans to ramp up productionCompany executives said the production of mobile phones, televisions, refrigerators, and washing machines is at 75% to 85% of original targ...
- Haier India president Eric Braganza to retire from January 1In the release, the company said Braganza’s management prowess proved instrumental during Haier's expansion in India, playing a pivotal rol...
- ET Catalyse Virtual EP 09: India’s Rs 76K Cr Durable Industry’s Challenges During The Covid-19 LockdownMarketing & sales are crucial parts of any retail brand, effectively addressing consumer concerns.
- Consumer electronics companies like LG, Haier and Voltas resume lateral hiringConsumer electronics makers elevate talent internally for vacant posts, but industry executives said lateral hiring will pick up.
- Tata Group HR head Satish Pradhan to step down in AprilSatish Pradhan, executive vice-president in charge of group human resources at Tata Sons, will leave the conglomerate in April, a move that...
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