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Competition heats up in India’s smartphone manufacturing sector as PLI winds downIndia's Android smartphone manufacturing is heating up. As a key government scheme concludes, companies are competing fiercely on price. Br...- Waiting for your dream phone to get cheaper? That moment may never comeSmartphone prices are no longer dropping predictably. The demand for AI chips is causing component costs to surge. This means phones are la...
- Execution and balance sheet strength will decide EMS sector winners: Praveen SahayInvestors are now prioritizing financial discipline in the electronics manufacturing services sector. Companies are expanding and investing...
- Dixon Tech shares jump 6% despite weak Q4 results. Do Goldman Sachs, Motilal Oswal forecast further upside?Dixon Technologies' shares saw a rally despite a 36% drop in March quarter net profit. Revenue from operations increased by 2% year-on-year...
- Dixon Tech Q4 profit falls 36% despite revenue growth and expansion plansDixon Technologies reported a sharp decline in quarterly profit due to weak consumer demand, rising component costs, and the end of PLI ben...
- China’s Cosmx ties up with Munoth Industries in JV to source lithium-ion cells in IndiaChinese battery leader Cosmx is embarking on an exciting collaboration with Munoth Industries based in India. This venture will enable Cosm...
- Money laundering case: Delhi court summons foreign, Indian officials of VIVOA Delhi court has summoned top executives of VIVO, including CEO Shen Wei and CFO Chen Yu Fen, in a Rs 20,241 crore money laundering case. ...
- Money laundering case: Delhi court summons foreign, Indian officials of VivoA Delhi court has summoned Vivo’s global CEO, CFO, and Vivo India CEO in a Rs 20,241 crore money laundering case. The court found sufficien...
- India smartphone market clocks highest ever revenue for Q2India's smartphone market achieved record Q2 revenues of $10 billion, driven by premiumization despite a 2% decline in shipments. Vivo surp...
- Vivo's India business reports net profit of ₹552 crore in FY21The Chinese smartphone maker’s India business reported a net profit of Rs 552 crore on an operating revenue of Rs 24,725 crore in FY21, acc...
- India sees spurt in 5G smartphone shipments from China despite recent crackdowns on alleged tax evasionDespite the spurt of recent crackdowns in India, most of the major Chinese smartphone brands in the top five smartphone leaderboard registe...
- DRI detects customs duty evasion of Rs 2217 crore by Vivo India, show cause notice issued“During the course of investigation, searches were conducted by DRI officers at the factory premises of M/s Vivo India, which led to the re...
- MeitY flags revenue dept's move to levy customs duty on phone display partsThe seeming differences in views between the two departments, government and industry executives say, is relevant for duty evasion notices ...
- Anti-China mood no hurdle for electronics brandsComputer maker Lenovo increased its sales in India year-on-year in 2020-21 while smartphone makers Xiaomi and Vivo reported marginal fall i...
- Xiaomi revenue misses estimates as competition intensifiesSales rose to 78.06 billion yuan ($12.22 billion) in the three months to Sept. 30. Analysts had expected 79.20 billion yuan, Refinitiv data...
- Vivo India revenue grows over 45 per cent to Rs 25,060 crore in FY20The company, which competes with players like Xiaomi and Samsung in the Indian market, saw its losses widen to Rs 348.94 crore in FY20 from...
- Vivo posts highest ever loss of Rs 349 crore in FY20, but revenue up 45% on yearThis comes after its sister brand Oppo also reported its largest loss-making year in FY20 with losses amounting to Rs 2,203 crore. Both Viv...
- Oppo, Vivo sales jump 67% in FY19On a standalone basis, Oppo’s sales went up by 80% at Rs 21,524.6 crore, while Vivo grew by 54% at Rs 17,201.79 crore in 2018-19. BBK Elect...
- Oppo, Vivo bolster BBK's No 2 position by revenue in FY18China’s BBK Electronics may have strengthened its position as number two smartphone maker by revenue.
- Vivo to double India manufacturing capacity by next yearVivo current facility in Greater Noida is running at full capacity and Zhang said globally the company has a capacity of 8-9 million pieces...
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