Lenovo India crosses Rs 9,000-crore sales mark in FY20
According to financial data posted to the Registrar of Companies (RoC) and accessed by business intelligence platform Tofler, Lenovo India revenue in FY20 jumped by 27% at Rs 9,108.93 crore. The company’s net profit, however, took a beating at Rs 68.5 crore which is a decrease of 62% from Rs 178.69 crore in FY19. The company’s total expenses for the fiscal were reported at Rs 8,996 crore.
Lenovo expects 25-30% growth this fiscal, to begin manufacturing tablets in India
"It has been a roller coaster ride this year, but we will g...
India moves closer to a PLI scheme for manufacturing laptops locally
The Rs 7,300-crore PLI scheme is aimed at making India a global manufact...
Lenovo Legion 7i review: Feels like a tank with the engine of a racing car
For gaming and work purposes, there are three modes available - Performance, Balance and Quiet.
Wistron factory incident neither reflection of India as country nor our culture: ICEA
In a letter to Vincent Lee, vice-president (innovation business group) of Wistron Infocomm Manufacturing India, the India Cellular and Electronics Association said it fully stands by Wistron and is committed to working closely with the central government, the state government and security agencies to ensure that such an incident is never repeated.
Political parties seek thorough probe into violence at Wistron plant in Karnataka
Workers at the plant, run by the Taiwan-based company, had gone on a rampage on Saturday over alleged delay in payment of salary and overtime wages.
PLI scheme will boost local manufacturing of electronics, computer and components: Industry
The cabinet approved outlay over a five-year period is Rs 6238 crore for white goods and Rs 5,000 crore for IT products which will be passed as financial incentives to companies who invest on local production and apply for the PLI scheme. The finer details are yet to be announced.
Fringe brands step up phone launches to cash in on Covid-induced surge in demand
Brands like LG, ASUS, Karbonn, Gionee, iTel, Infinix, Tecno, Motorola, Nokia, Sony and Honor have all scampered into the market with new smartphone launches to seize the opportunity created by huge demand for budget phones and anti-China sentiment in the midst of the Covid pandemic.
Manufacturing push: Motorola Mobility in talks to make $1 billion phones in India
In India’s smartphone market, Lenovo and Motorola together have a less than 1% share, which has shrunk in recent years due to the onslaught of Chinese rivals such as Xiaomi, Vivo and Oppo.
Personal computer sales up 40-50%, gaming PC contribution may double in consumer biz: Lenovo India
Lenovo CEO and MD Rahul Agarwal told that online classes are driving sales of laptops in the consumer segment where students want devices with high computing power that they can use for studies as well as playing games.
Qualcomm pushes 5G tech into chips for cheaper phones
The new chip, called the Snapdragon 690, will go into devices that it expects to retail at $300 to $500, Qualcomm said. Phone makers such as HMD Global, the owner of the Nokia phone brand, LG Electronics Inc and Lenovo Group Ltd's Motorola plan to use the chips, Qualcomm said.
Laptops in demand with WFH, online classes
Computer manufacturers say since many shops in non-hotspot areas started functioning earlier this month, sales have surged compared with January-February.
Covid-19 impact: Lenovo-Motorola, Xiaomi, Lava to shut factories
Xiaomi’s four factories in Tamil Nadu and Noida will stop production from March 24. The Chinese smartphone maker has eight plants for smartphones, smart TVs and power banks, operated by contract manufacturer partners. Local handset company Lava International has shut its manufacturing facility in Noida, Uttar Pradesh.