Budget 2024: Tariffs, duties & nuisance tax – Here’s what electronics industry wants from FM Nirmala Sitharaman

The electronics industry wants Finance Minister Nirmala Sitharaman to reduce the number of tariff lines and streamline the duty structure for sub-assemblies and input parts, along with removing nuisance tariffs of 2.5% on some parts in the upcoming budget The India Cellular & Electronics Association has demanded that the government consolidate the tariff lines into … Read more

Spoilt for choice: How changing consumer preferences & tech advancements driving upgrades in electronics and car

Kolkata | New Delhi: Hyundai Motor India gave the third significant upgrade to its flagship sports utility vehicle Creta this January, almost nine years after its launch in 2015 and about four years after its second generation in 2020. But the next big development followed in just three months with the performance-focused Creta N Line … Read more

India major gainer of China+1, exports to soar to $835 billion by 2030: Nomura

New Delhi: India and Vietnam are gaining the most from the China plus one strategy, which is also expected to unlock new growth opportunities for Asian economies, according to Nomura. India’s exports will likely surge to $835 billion by 2030 from $431 billion in 2023 with its large domestic market helping attract firms looking for … Read more

Amber Enterprises: Amber venturing into railways, electronics holds greater promise

The stock is trading at 41 times the company’s one-year forward earnings, compared with the long-term average of 36 times. Synopsis The company is the India market leader in contract manufacturing of ACs, a business where it is facing challenges due to brands increasingly turning to in-house manufacturing of room ACs. ET Intelligence Group: Amber … Read more