INDIA ELECTRONICS MARKET
US, India fast-track $500 bn trade deal as JD Vance visits amid global tariff unrest
Amidst US-China trade tensions and reciprocal tariffs, Vice President JD Vance's visit to India underscores the urgency of finalizing the Bilateral Trade Agreement (BTA). Both nations aim to boost trade to $500 billion by 2030, focusing on energy, defense, and technology.
Repairability index on anvil to help consumers take informed decision on buying smartphones, tablets
A government panel has proposed a repairability index for smartphones and tablets, aiming to empower consumers with informed purchasing decisions. Modelled after energy efficiency ratings, the index will rate devices on a five-point scale based on factors like spare parts availability and ease of disassembly. This initiative follows analysis of consumer complaints and aligns India with global repairability standards.
Intel India, IndiaAI Mission collaborate to bolster AI capabilities and skilling
The collaboration will focus on four key programmes: YuvaAI, StartupAI, IndiaAI Dialogues, and enabling Bhashini for scaling to remote regions. YuvaAI, through the Intel AI for Youth programme, will enable school students to develop AI-enabled solutions with social impact. StartupAI will support AI startups by granting access to technology, business guidance, and go-to-market mentorship via the Intel Startup Programme, through both group workshops and individual mentorship.
Defence stocks: Better to own one or two, or a whole basket? 18 stocks from the defence ecosystem
Given the evolving situation at the India-Pakistan border, defence stocks are again in the limelight. In the last 10 years, the government’s defence policy has been focused on indigenous production and supply chains. That policy push has meant that there are many private companies in the defence space that have grown in size. It is likely that, even if we don't see a flare-up at the border, the underlying tensions will continue; and that means the defence policy push will continue as is. But rather than focusing on one or two stocks, it is perhaps better to own a whole bucket of stocks.
Big Tech's fortunes diverge as AI powers cloud, tariffs hit consumer electronics
The fortunes of Big Tech are diverging in a rapidly changing business landscape, as demand for artificial intelligence fuels growth in cloud and digital ads while consumer electronics take a battering from President Donald Trump's global trade war.
Mark Mobius says his funds hold 95% in cash on trade war risks
Mark Mobius: Veteran investor Mark Mobius has allocated 95% of his funds to cash amid global trade uncertainty. He expects opportunities to emerge within 4–6 months, with India remaining a strong contender. He remains cautious yet optimistic on market rebounds.
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ETtech Explainer: Inside India's iPhone dreams — The story so far
Amidst Trump's tariffs impacting China, Apple is increasing iPhone manufacturing in India, leveraging Foxconn and Tata Electronics. While a complete US shift is unlikely due to cost, India's iPhone exports surged in FY25. Meanwhile, potential delays from China in allowing production to move out complicate Apple's diversification push.
Rising India-Pak tension fires up defence stocks
Paras Defence soared 20% on Tuesday, while Data Patterns (India) and Garden Reach Shipbuilders and Engineers surged 14.9% and 12.3% respectively. Cochin Shipyard and Mazagon Dock Shipbuilders jumped 10% and 8.7% each. Unimech Aerospace and Manufacturing and DCX Systems India gained over 6%. Hindustan Aeronautics rose 4.15% and Bharat Electronics moved 4% higher.
Apple exports 97.6% of iPhones to US from India amid tariffs: Report
With Beijing retaliating against the US action, the reciprocal tariff on China has gone up to 245% for some products. However, consumer electronics items including smartphones and laptops have been exempted from reciprocal tariffs. The Trump administration will announce special tariffs for these products, sometime in May.
Dixon Technologies forms joint venture with Inventec to enhance IT hardware manufacturing in India
Dixon Technologies partners with Inventec, a Taiwan-based ODM, to form Dixon IT Devices Private Ltd. Dixon will hold 60% stake in the joint venture, which aims to manufacture notebook PCs, servers, desktops, and PC components in India. This collaboration seeks to leverage Inventec's design capabilities and access to global markets, aligning with India's electronic component manufacturing scheme.
Short-term challenges for IT and Metals, but consumer and financial sectors offer upside: Rana Gupta
Rana Gupta of Manulife Investment suggests India's financial markets are navigating a volatile period. The next 90 days are crucial as global trade rebalances. While tariff finality may come, corporate adjustments will bring uncertainty. Sectors like IT and metals face headwinds. Consumer and financial sectors may see revival due to policy support and lower crude oil prices.
Samsung Electronics drops Q2 outlook due to trade uncertainties
Samsung Electronics raised Q1 profit 1.2% to 6.7 trillion won but cut its outlook due to US tariffs and AI chip export restrictions. Smartphone profits rose 23%, while chip profits fell 42%. The company may relocate production and expects solid Q2 chip demand but warns of weaker demand later this year.
Foxconn India revenue rises to over $20 billion, employee count up at around 80,000
Foxconn more than doubled its India revenue to over $20 billion in FY 2024-25, driven by iPhone production. Its workforce grew 65% to 80,000. The firm is expanding with major investments in manufacturing, AirPods, and semiconductors, anticipating continued rapid growth.
Madhya Pradesh government eyes to make SADA an investment centre
Madhya Pradesh plans to redevelop Gwalior's SADA. The goal is to create an attractive investment hub. Focus areas include manufacturing, electronics, and renewable energy. The project aims to improve infrastructure and logistics. The Agra-Gwalior Expressway will boost connectivity. New policies will ease business operations. Incentives are available for foreign investment. The state is targeting telecom and MSME sectors.
Optiemus partners with ASRock to manufacture PC motherboards in India
Optiemus Electronics has partnered with ASRock to manufacture enterprise and gaming PC motherboards for the Indian market, commencing production in April and availability in May. This move expands Optiemus's capabilities into IT hardware components, utilizing advanced manufacturing processes and nitrogen reflow systems to optimize soldering for complex AI motherboards. The partnership aims to reduce reliance on imports.
New players in UPI sweepstakes; Urban Company’s IPO papers
Happy Tuesday! In the longstanding UPI battle, fresh players are giving incumbents a tough fight. This and more in today’s ETtech Morning Dispatch.
Indian states are in a race to board space-tech wagon
This competition is likely to drive investments and create specialised hubs, according to Indian National Space Promotion and Authorisation Centre (In-SPACe), the nodal agency to promote private investment in the space industry, and startups that ET spoke with.
Indian apps don't fall far from Apple tree
Indian developers are generating revenue for Apple's App Store. This strengthens Apple's engagement in India. India's e-commerce market and US-China trade tensions influence Apple's strategy. Apple's diversification to India is proving beneficial. The app ecosystem thrives due to digital transactions. This success mitigates concerns about app store pricing. India contributes to Apple's hardware, software, and talent pool.
LG Electronics IPO to be delayed amid market volatility
South Korean major LG Electronics has delayed the upcoming initial public offering (IPO) for its Indian unit, amid volatility in the local share markets, according to industry insiders.
ED conducts search operations at Gensol Engineering premises; seizes documents, electronic devices
The search and seizure operation was conducted by ED at the Ahmedabad and Gurgaon premises of the company. Some documents, electronic devices and others financial records have been seized.
Defence stocks: In the short term it’s an event, in the long term a trend: 9 defence stocks with upside potential of up to 32%
With tensions flaring up again between India and Pakistan, did you notice that it is naval moves that are making news, with missiles being fired from ships? Yes, the air force is also undertaking exercises, but somehow it is the navy that is visibly more active. Now, all this is a short-term reaction. The long-term reality is that if India is to become an economic super power, it needs much better defence capabilities. And these should not be dependent on foreign countries. Now, defence capabilities cannot be built overnight. So, ignore the short-term events and focus on defence as a long-term trend.
Thanks to Trump, Chinese firms are warming up to India
Chinese companies are now more open to diluting stakes in favour of Indian entities due to Trump's tariffs. Reliance Industries is a key contender for a stake in Haier India. Shanghai Highly Group has revived talks with Tata-owned Voltas for a joint venture. India may limit Chinese companies to a 10% equity investment in electronics joint ventures.
HAL, GRSE, other defence stocks rally up to 11% amid India-Pakistan tensions, Rafale deal announcement
Shares of defence-related companies like Paras Defence, Garden Reach Shipbuilders, Data Patterns, Cochin Shipyard, Mazagon Dock Shipbuilders, and Hindustan Aeronautics rallied on Monday, amid heightened tensions at the Line of Control (LoC) following the recent Pahalgam terror attack and multiple ceasefire violations over the weekend.
India-Pakistan tensions: How defence stocks are performing and what investors should do
Amid India-Pakistan tensions, the spotlight is on defence stocks, though market enthusiasm remains muted. Analysts suggest companies with strong financials and alignment with national defence objectives stand to benefit. While some stocks like Bharat Dynamics and Mazagon Dock Shipbuilders have performed well, valuations appear high, advising caution for new investors and suggesting a wait for better entry points.
After Sunil Mittal, Mukesh Ambani's Reliance aims for Haier India stake
Reliance Industries has emerged as a strong contender for a significant stake in Haier India, potentially competing with a consortium led by Sunil Mittal. Haier aims to localize its operations by diluting 25% to 51% equity, seeking a valuation of $2-2.3 billion.
Dixon to manufacture electronic components; Tata Electronics may invest Rs 2,000 cr under ECMS
Dixon Technologies is set to venture into electronics component manufacturing, initially for internal use before expanding to exports. Tata Electronics is expected to invest significantly in this sector under the government's incentive scheme. Dixon aims to produce display modules, camera modules, and lithium-ion batteries, contributing to the global value chain.
Apple plans to ramp up iPhone production in India to accelerate manufacturing shift from China
Apple intends to significantly increase iPhone production in India. This move aims to shift manufacturing away from China. The goal is to mitigate business risks from the Sino-US trade situation. India's iPhone output could rise to 70-80 million by 2026. India may become a key iPhone supplier to the US. Government support will be crucial for this expansion.
K-tech plugs into India to light up electronics
LG Electronics is expanding its operations in India for exports, prompting its Korean component manufacturers to establish factories in the country with a ?1,200 crore investment. Samsung is also considering a similar move, potentially bringing more Korean vendors to India. This shift is driven by LG's plans to export to various regions and favorable tariff conditions compared to Vietnam.
LG Electronics pauses IPO plans of Indian unit: Reports
LG Electronics has reportedly paused its Indian unit's IPO plans due to volatility in the local stock markets, according to Bloomberg News. While an LG official stated the IPO process is underway and refuted claims of suspension, this decision aligns with similar actions by other companies like Ather Energy, which recently scaled back its IPO amid market uncertainty.
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