September 15, 2020
Headlines
- India needs to copy China better
- The reality behind Reliance’s retail rush
- Consumer durables, FMCG companies on recovery path
- Festival boost: Home appliance makers look to regain some lost ground
- Reliance Retail likely to get $1 billion investment each from General Atlantic and TPG
- RIL in talks to buy electronics chain in South, deal may hit Rs 3,000 cr
- Amazon gears up for festive season; expands fulfillment center for faster deliveries, more variety
- BSH Home Appliances sees strong demand for dishwashers and front-load washing machines
- Tata Group offers to buy out Mistry family stake in shares dispute
- Durables firms see sales spike
- TV prices set to increase from October as import duty concession on open cell ends
- Shift to online classes and WFH boosts sales of bigger televisions
- India’s imports from China during April-July 2020 decreased due to COVID-19 pandemic: Piyush Goyal
- SHARP Announces World’s first 4K Ultra HD ‘Windows Collaboration Display’ in association with Microsoft
- KKR to invest Rs 5550 crore in Reliance Retail Ventures
- Dream11 Indian Premier League opening match kicks off with ‘record’ 20 crore viewers
- Amazon opens two new fulfilment centres in Hyderabad ahead of festive season
- MAIT appoints Nitin Kunkolienker as president, appoints 15 new governing council members
- Appliances, consumer electronics industry hopeful of robust sales this festive season
- CEAMA on open cell customs duty resumption
- Value proof a must for FTA benefit
- Several multinational firms have evinced interest to shift base to India: Goyal
- India still depends China for electronics, smartphone components
- Karnataka’s new industrial policy to push mobile production in state to Rs 30K cr: ICEA
- Covid-19 impact: E-commerce companies may see 50% rise in festive sales
- Amazon India expands its fulfilment network in Telangana; ahead of the festive season
- The ground reality of ‘Make In India’ for homegrown consumer electronics startups
- TVs to cost more from next month; concession on panel duty ends in Sept
- Import of mobiles, cameras, electronic items from FTA partners under scanner
- TV industry urges govt to extend zero duty on open cells for three years
Perspective
Dealers Speak
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The market for the dealer fraternity is getting tougher by the day on the back of highly competitive environment. Despite all challenging factors, we are bullish on gaining back our...Read More -
The market has been on a decline for the last 3-4 years for small- and medium-sized dealers in the country because of the strong emergence of e-commerce and expanding range...Read More -
2020 has been the most difficult year since we started this business, as the pandemic struck right in the beginning of the year. We were already struggling to increase profitability...Read More -
Our current strategy for gaining profitability is to aggressively market product segments that have gained traction during the lockdown, including televisions, washing machines, and air conditioners. We have even expanded...Read More -
We have never seen such a drastic shift in the consumer trend. Even though the majority of our customers has shifted to online shopping, as the fear factor of contracting...Read More -
Since 2018, festive season sales have been lackluster and 2020 is not expected to be any different. We had pinned hopes on Onam, but the footfall turned out to be...Read More -
We are seeing 10 percent growth in the current quarter as against 2Q2020. Smart TV has become the fastest moving model on our counter. Work-from-home scenario has encouraged the consumers...Read More -
2020 has been the most challenging year in our 25 years of retail business. We have even survived the brunt of e-commerce, but the pandemic ensued with economic disruptions has...Read More -
Even though COVID-19 has deterred the growth expected for 2020, the pandemic has expedited the transformation process for every stakeholder in the CE, HA, and AC industry. It is not...Read More