This presents a domestic market of $87 billion and export opportunity of $109 billion. Currently, the major players in India’s PCBA manufacturing are Foxconn, Jabil, Flex, Sanmina, HiPad and Samsung while Wistron is expected to start PCB assembly this year.
The report cites that a PCBA is at the core of every electronic device such as mobile phones, tablets, computers, routers, televisions, washing machines, refrigerators and air conditioners. Moreover, PCBAs constitute a significant portion of the cost of an electronic device and ranges from 10% to 50% of the bill of materials.
The Galaxy Note, known for its large screen and a stylus for note-taking, is one of two Samsung premium phone series - the other being the more compact Galaxy S which draws in consumers with its state-of-the-art parts.
Tata-owned electronics and smartphone retail chain Croma has seen decline in sales contribution from its e-commerce platform after more of its stores opened up, said chief marketing officer Ritesh Ghosal.
In early October approved the government cleared 10 companies to avail of benefits under the production-linked incentive or PLI scheme – five foreign firms including two units of Foxconn, Wistron, Pegatron and Samsung and Indian companies Lava, Micromax, Karbonn, Dixon and Optiemus.
"In the last few quarters, wearable devices have become more affordable with the average selling price of watches coming down to USD 111 in Q3 2020 compared to USD 175 in Q3 2019. This is enticing consumers to upgrade from wristbands to watches," it added.
This is over and above the Rs 1,947 crore investments the company had announced last year. The revised plan is expected to add 8,000 jobs, in addition to the 10,000 employment target it had previously set, according to a senior government official.
BIS started delaying approvals in August for China-made imports of devices like smartphones, smartwatches and laptops, part of the fallout from deteriorating ties with China after a border clash in June that left 20 Indian soldiers dead.
Addressing analysts during the company’s July-September quarter earnings call on Tuesday, Xiaomi's Chairman and CEO Lei Jun said the Indian smartphone market is about 130-50 million units every year with another 150 million feature phones.
Smartphone sales likely fell as much as 25% in November and may decline further in December, according to Counterpoint Technology Market Research. Month-on-month sales usually fall right after Diwali, but the downside this year could be sharper given that peak demand in the lead-up to the festival was the highest, analysts said.
Market Intelligence firm Counterpoint is estimating a 20-25% drop in November and further decline in December. Month-on-month sales is usually down straight after Diwali, but the downside this year could be sharper given that peak demand in the lead up to the festival was the highest ever, analysts say.
Panasonic India’s revenue fell 9% to Rs 4,338 crore in FY20 from a year earlier, while net loss widened to Rs 490 crore, according to the latest regulatory filings with the Registrar of Companies. The company’s revenue touched a peak of Rs 5,590 crore in 2016-17, when it was profitable, too.
As a part of the company's proactive anti-counterfeit programme, a complaint was filed with the local police station, and raids were conducted in the market in the months of October and November, a statement said.