Electrical Equipment
Domestic auto industry scaling up efforts to make electric parts locally
The domestic automobile industry is scaling up efforts to enhance localisation of electronic components in order to curtail dependence on other countries, especially China, as per auto component industry body President Sunjay Kapur. In an interaction with PTI, Kapur noted that the Automotive Component Manufacturers Association of India (ACMA), Society of Indian Automobile Manufacturers (SIAM) and the Ministry of Heavy Industries are working together to achieve the target of localisation especially in electronics. He noted that there lies a great opportunity for the auto component industry with the big push towards electrification. With growth in consumption of electric vehicles, the industry is witnessing fast transformation of the auto components sector to be an integral part of the electric vehicle manufacturing supply chain. The component industry is making steady investments and acquiring technology companies. "We will have to keep localising...we as an industry are very fortu
 "Domestic auto industry scaling up efforts to make electric parts locally")
Uttar Pradesh's merchandise exports surge 32% to Rs 60,578 crore
The electrical machinery/equipment segment grew nearly 90 per cent with shipments jumping to Rs 13,606 crore in the April-July 2022 from Rs 7,202 crore in the year-ago period.
 "Uttar Pradesh's merchandise exports surge 32% to Rs 60,578 crore")
Israel removes barriers on importing electrical appliances: FinMin
The inspection obligation was thus replaced by a statement in which the importer declares that the product meets international energy efficiency requirements
 "Israel removes barriers on importing electrical appliances: FinMin")
Centre announces Rs 1,000 cr scheme for power and RE equipment making zones
The proposed funding for the three zones is Rs 1,000 crore with a ceiling of Rs 4,000 crore
 "Centre announces Rs 1,000 cr scheme for power and RE equipment making zones")
Power sector hopes for reforms at state level as Centre curbs imports
Given the federal structure in the power sector, most states float tenders different from the Centre and adopt separate selection criteria, mostly tilting towards low cost.
 "Power sector hopes for reforms at state level as Centre curbs imports")
Havells no more a cool stock as Covid-19 dents Q4 show, FY21 outlook
Analysts expect profits to reach FY19 levels only next fiscal
 "Havells no more a cool stock as Covid-19 dents Q4 show, FY21 outlook")
Panasonic Life to invest Rs 600 crore for electrical equipment near Chennai
The plant will start work by October 2021, becoming Panasonic's eighth electrical equipment production base in India.
 "Panasonic Life to invest Rs 600 crore for electrical equipment near Chennai")
Slowdown blues for electrical equipment industry as Saubhagya ends
In Q1FY20, sales growth of transformers fell 7%, transmission lines 8%, capacitors by 29%
 "Slowdown blues for electrical equipment industry as Saubhagya ends")
Havells India launches personal grooming products
The plans to capture 25% market share in next 3 years & enter baby care products segment in FY17?18
 "Havells India launches personal grooming products")
Shilpi Cable buys UAE-based Gulf Aglow LED Lighting
The deal marks entry of Shilpi Cable into LED lighting market with brands such as Westinghouse
 "Shilpi Cable buys UAE-based Gulf Aglow LED Lighting")
