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Electronic, mobile & auto plants crank up output

Indias top consumer electronics, smartphone and auto companies are resuming or raising production this week more than a fortnight after they shut plants or scaled-down output for the domestic market as states ease curbs amid a decline in Covid infections.

Samsung, LG, Vivo, others brace for sale crash as lockdowns dwindle demand

Samsung, LG, Vivo, others brace for sale crash as lockdowns dwindle demand Many companies, including giants like Apple and Samsung, even export their electronic parts and products out of India. At current production capacity, they can only cater to demand from global markets BusinessToday.In | May 20, 2021 | Updated 12:47 IST Though the Centre has refrained from imposing nationwide lockdown like last year, state-wise lockdown curbs have hurt businesses hard Big electronic brands in India are bearing the brunt of the second Covid-19 wave as lockdowns and curbs around online selling of non-essential products in most states lead to a crash in sales. As India struggles against the wrath of Covid-19 wave, most top electronic companies such as LG, Panasonic, Carrier Midea, Vivo, Oppo, Haier and Godrej have either shut their plants or have cut down on production significantly.

Covid crisis: As sales crash, electronic, phone companies shutter plants

Covid crisis: As sales crash, electronic, phone companies shutter plants SECTIONS Share Synopsis Companies such as LG, Panasonic, Carrier Midea, Vivo, Oppo, Haier and Godrej Appliances have either completely shut down all their plants or cut production significantly. Some like Apple and Samsung, which also export from India, are running significantly scaled-down production units, at 25-40% of capacity, just to cater to global markets. Getty Images Most companies are carrying over a month’s inventory. Maharashtra was the first to impose restrictions in April, followed by almost every other big state. Large electronic and smartphone brands in India have shuttered production for domestic markets as sales have crashed to near zero amid local lockdowns, restrictions on online sales of non-essential goods and Covid-19 infections among plant workers.

Samsung, LG, Vivo, others brace for sale crash as lockdowns dwindle demand

Samsung, LG, Vivo, others brace for sale crash as lockdowns dwindle demand
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