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News on Medial
Acer India To Boost Local Manufacturing, Targets Market Leadership In PCs
Inc42
·
1y ago
Medial
Taiwanese tech giant Acer plans to increase the number of products manufactured in India from the current 60% to about 70-75%. The company has identified multiple local production-linked incentive (PLI) applicants to enhance its manufacturing capacity in the country. Acer aims to become the market leader in both desktops and notebooks in India, with a focus on the consumer desktop market. Additionally, Acer has entered the consumer electronics market in India with the launch of its Acerpure brand, offering products such as TVs, air purifiers, water purifiers, fans, and vacuum cleaners.
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Three in five laptops to be made in India, aiming to be No.2 brand: Acer’s Kohli
Livemint
·
11m ago
Medial
Taiwanese electronics brand Acer plans to increase laptop production in India, with the aim of manufacturing three out of every five devices sold in the country. Acer India's president and managing director, Harish Kohli, revealed the company's goal of bolstering local manufacturing to broaden its presence in the Indian consumer market. The move aligns with India's production-linked incentive (PLI) scheme for IT hardware, which incentivizes domestic assembly of laptops and other computing devices. Acer is also positioning itself as a competitor to Dell, India's current second-largest PC brand.
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Lenovo India surpasses $2 billion revenue, expands AI and manufacturing focus
Economic Times
·
5m ago
Medial
Lenovo's India revenue surpassed $2 billion in FY25, buoyed by growth in Motorola handsets, PCs, and data center servers. The company saw a 58% year-on-year revenue increase and reached an 8% market share in India for Motorola phones, which are now exported globally. Lenovo plans to intensify its focus on AI with a new AI Centre of Excellence and increase local manufacturing of AI servers and PCs, leveraging India as a hub for future developments.
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Acer Plans To Manufacture & Export Home Appliances From India
Inc42
·
1y ago
Medial
Taiwanese tech giant Acer is set to enter the home electronics market in India by manufacturing and exporting appliances such as purifiers, refrigerators, and vacuum cleaners. The move comes as Acer aims to diversify its business in a market that experienced significant growth, with revenues rising 19-20% in 2023. The company plans to establish a new subsidiary, AcerPure, dedicated to selling consumer appliances. Acer intends to manufacture these products in India, taking advantage of the expanding electronics manufacturing ecosystem, and is also exploring export opportunities to neighboring countries.
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India can be a global hub for wind turbines: Suzlon’s Girish Tanti
Livemint
·
6m ago
Medial
India has the potential to become a hub for wind power component manufacturing, supported by policies like production-linked incentives. Girish Tanti of Suzlon Energy emphasizes India’s robust ecosystem, involving around 2,500 MSMEs. Although local content in solar stands at 20%, wind power projects boast about 64%. To boost this, fiscal support akin to solar’s PLI scheme is advocated. India targets 10% of global wind demand by 2030, with ongoing exports to multiple countries.
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Lenovo eyes PC designing in India to complete manufacturing stack, says MD Shailendra Katyal
Economic Times
·
10m ago
Medial
Lenovo, the Chinese technology company, is considering designing personal computers (PCs) in India to benefit from local talent and complete its manufacturing operations in the country. Currently, Lenovo already manufactures desktops, PCs, and smartphones locally in India. Shailendra Katyal, Managing Director of Lenovo India, expressed that the only missing aspect is PC design, and they could leverage Indian talent for that as well. Lenovo recently announced plans to manufacture AI servers in India, with the Puducherry facility producing 50,000 AI rack servers and 2,400 high-end GPU units annually.
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Import Curbs On Laptops, Tablet Will Boost Local Manufacturing: Industry Players
OutlookIndia
·
2y ago
Medial
The implementation of import restrictions on laptops and tablets is expected to boost the local manufacturing industry in India, according to industry players. The move aims to encourage domestic production and align with the government's "Make in India" initiative. Local manufacturing is anticipated to thrive with increased demand, job creation, and technological self-reliance, contributing to the growth of India's manufacturing sector.
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Acer group forays into consumer electronics; eyes $100 million in sales
Economic Times
·
1y ago
Medial
Acer Group has announced its entry into the consumer electronics market in India with the launch of the Acerpure brand. The company aims to sell a range of products including TVs, air purifiers, water purifiers, vacuum cleaners, hair dryers, and hair stylers. They are targeting a $100 million business and plan to diversify their offerings to include refrigerators, air conditioners, washing machines, and more. Acerpure has also partnered with Dixon Technologies for local manufacturing of their products, aligning with India's Make in India initiative. This collaboration aims to foster economic growth and technological advancement in the country.
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India’s PLI schemes to boost revenue of 720 companies by USD 459 billion over next 5 years: Goldman Sachs
Livemint
·
7m ago
Medial
India's Production-Linked Incentive (PLI) schemes are projected to generate $459 billion in incremental revenue over the next 5-6 years across 720 companies, according to Goldman Sachs. These schemes aim to boost manufacturing, reduce imports, and drive exports across sectors like energy, electronics, pharmaceuticals, and textiles, while also addressing uneven growth by refining allocation and enhancing local value addition. Notable sectors include electronics, automotive, and green energy, each contributing significantly to revenue targets.
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Reliance launches homegrown cola brand 'Campa' in UAE
VCCircle
·
5m ago
Medial
Reliance Consumer Products has launched its home-grown cola brand, Campa Cola, in the UAE, marking its first international expansion. Partnering with UAE-based Agthia Group, the brand targets the Indian expatriate community and local consumers. Originally prominent in India during the 1970s and 1980s, Campa Cola is reviving under Reliance's leadership. The UAE launch introduces Campa Cola, Campa Lemon, Campa Orange, and Cola Zero into the competitive $1 billion soft drinks market, rivaling Coca-Cola and Pepsi.
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Acer India Eyes Expansion Of Its Consumer Electronics Portfolio By Early Next Year
Inc42
·
1y ago
Medial
Acer is planning to open more than 90 new stores in India in early 2022 to expand its consumer electronics offerings. The company aims to increase its market share by focusing on product and go-to-market strategies. Recently, Acer introduced its line of consumer electronics and appliances called Acerpure in India, including TVs, water and air purifiers, air circulator fans, and accessories.
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