ERIC BRAGANZA
Indian Appliances & Consumer Electronic industry to double to Rs 1.48 crore by 2025
India has become one of the fastest growing ACE markets in the world and is also emerging as an alternative manufacturing destination of China and other South East Asian countries, the president of the Consumer Electronics and Appliances Manufacturers Association (CEAMA), Eric Braganza, said.
India's heatwave to lift AC sales to record, but supplies from China delayed
With temperatures this month breaching 49 degrees Celsius in New Delhi, sales are set to reach 8.5-9 million units this year, up from 2019's previous record of 6.5 million, the head of the Consumer Electronics and Appliances Manufacturers Association (CEAMA) said.
AC sales hit record high of 17.5 lakh units in April; to touch 90 lakh in 2022: CEAMA
However, the availability of certain products could be an issue in the next couple of months as manufacturers may not be in a position to supply their entire range of models to meet market demand, especially the energy-efficient 5-star range, due to high demand and supply constraints of components such as controllers and compressors, said Eric Braganza, president of CEAMA.
Haier India president Eric Braganza to retire from January 1
In the release, the company said Braganza’s management prowess proved instrumental during Haier's expansion in India, playing a pivotal role in establishing partnerships with some of the largest national and regional retailers in the country.
CEAMA welcomes six months extension of Star Labelling Program
"The additional investment leads to price hike and this ultimately impacts consumer demand. Thus, the extension should bring some respite to the manufacturers in these tough times. It would also aid in preventing financial losses," CEAMA President Eric Braganza said.
Haier bets big on smart home solutions in India
Home appliances and consumer electronics brand Haier on Saturday announced 83 new products across categories along with its plans to spearhead the IoT era in the home appliances industry.
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Haier signs MoU with UP to set up Rs 3,000-crore plant at Greater Noida
The company would invest the entire amount over the next four years in two phases and the production would start by mid of 2020 from this proposed unit
TV prices of 32 inch and above may go up from next month
The manufacturers are reducing the prices of TV sets sized up to 68 cm (27 inch) by up to 8 per cent to extend the GST benefit to consumers.
Cost of Haier ACs, fridges to go up as inputs get pricey
Haier India, a 100 per cent subsidiary of China's Haier group, started operations in 2004 and manufacturing in India by acquiring a 40-acre plant at Ranjangoan in 2007.
Haier expands Pune plant's capacity to lower imports
Haier, which today inaugurated additional capacity at its plant in Pune built with an investment of Rs 600 crore, will manufacture washing machines, ACs, TV panels and water heaters.
Haier to invest over Rs 100 cr in Pune manufacturing unit
Haier India announced an additional investment of over Rs 100 crore for its Pune-based manufacturing facility, taking the total to Rs 465 crore.
Consumer durables maker Haier to invest Rs 465 crore to expand Pune facility
The company expects to close the calendar year with a turnover of Rs 2,150 crore, a 23% jump over the previous year, Braganza said.
Haier plans to invest Rs 370 crore in Pune plant
The investment will enable Haier to strengthen local research and development to manufacture products more suited for Indian consumers.
Haier India to invest Rs 360 crore to double manufacturing capacity at Pune plant
The company is undertaking capacity expansion to keep pace with its target of clocking around 30 per cent growth to touch a turnover of Rs 2,150 crore in 2015.
Budget 2014: Finance Minister should promote localization in manufacturing
Reduction in customs and excise duties on energy efficient products shall always be desirable as it finally trickles down as lesser MRP for the consumer.
Consumer durables makers expect good sales this summer
Japanese consumer giant Sony is expecting its television sales to "at least double" this year on the back of FIFA World Cup.
Haier targets Rs 2,800 crore in sales; aims to be a top 5 brand
Haier India is aiming at a turnover of Rs 2,000 crore by the end of this year on the back of robust sales of refrigerator, washing machines and air conditioners.
Haier plans to set up new plant in north India; south on radar
After completing its ongoing $20 million (around Rs 120 crore) expansion at the Pune plant by May 2015, Haier would start work on the proposed new new plant.
CEAMA planning production of 20 million STBs
CEAMA today said it plans production of 20 million Set Top Boxes, keeping in mind the requirement of 77 million STBs by December 2014.
Haier to break even this fiscal with 33% increase in turnover
Haier India today said it expects 33 per cent increase in its turnover to Rs 1,600 crore which will help it to break even in the current financial year.
Haier to break even this fiscal with 33% increase in turnover
Haier India has so far invested Rs 500 crore in the country, while its accumulated loss is Rs 55 crore till date.
Haier eyes 43 pc growth in 2013
Haier India is 100 per cent subsidiary of Haier Group, which started its commercial operations in January 2004.
Haier to focus on in-house production; aims Rs 7,500 cr in 5 years
Haier will start manufacturing washing machines, ACs and water heaters at its own plant by 2014 instead of outsourcing.
Panasonic, Haier, Sony, Whirlpool, Fujifilm mull price hike to offset rupee fall impact
Consumer durables companies are planning to raise prices of their products by up to 5%, mainly due to the severe impact of rupee depreciation.
Haier India eyes Rs 1,800 crore sales turnover in 2012
Haier India on Friday said it is targeting a sales turnover of Rs 1,800 crore in the country in 2012.
Haier India to double refrigerator sales to Rs 650 crore
Consumer durables firm Haier India today said it expects to double revenue from its refrigerator business to around Rs 650 crore this year.
Haier aims to be among the top five brands in three years
Haier, had an almost eight per cent market share in refrigerator, consumer electronics and washing machine segment with a Rs 800 crore turnover last year.
Haier aims to sell a million refrigerators next year
Chinese consumer durable maker Haier said it is aiming to sell over one million refrigerators in the next year, as a part of its plan to double its turnover in 2011.
Hyundai Electronics to spend 4 cr on commercials
Hyundai Electronics India Limited (HEIL) of Videocon Group today said it would spend Rs 4 crore on advertising during this festival season as it announced a new promotional campaign aimed at Rs 450 crore turnover in 2007-08.
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