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Handset makers, retailers divided over essential tag for smartphone indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.
Smartphone majors write to state governments, seek ‘essentials’ tag SECTIONS Share Synopsis This comes as India’s two largest online marketplaces, Amazon and Walmart-owned Flipkart, are said to be prodding multiple brands to persuade states with restrictions to allow home delivery, either through ecomm or from retail stores. This also includes products such as air-conditioners and refrigerators, three senior industry executives said. Agencies Sales of smartphones and electronic products have taken a hit due to Covid curbs, with some industry estimates putting it at a 20-30% decline till now in April, compared with March. 3,029,815.0 Apple, Xiaomi, Oppo, Vivo, Realme, Lava, Micromax, Wistron and Foxconn have written to various state governments, including Maharashtra and New Delhi, through their industry association, to classify smartphones, tablets, laptops and their components as essential goods. ....
Synopsis “UP has taken an excellent step of permitting industries to operate continuously even in the curfew period,” said Pankaj Mohindroo, chairman of India Cellular & Electronics Association (ICEA). Getty Images The UP government on Wednesday allowed all manufacturing units to continue operations even during weekend lockdowns and night curfews but asked them to strictly follow Covid-related protocols. The move comes as a huge respite to UP’s electronics manufacturing industry, including mobile phones, televisions and most importantly the component makers, which run continuous processing units with 24-hour shifts. “UP has taken an excellent step of permitting industries to operate continuously even in the curfew period,” said Pankaj Mohindroo, chairman of India Cellular & Electronics Association (ICEA). ....
Handset makers may be forced to cut production as inventory starts piling up SECTIONS Share Synopsis “Chances are there will be inventory issues due to dip in demand especially in May. Offline retailers are very cautious, especially when there is uncertainty of business operations amidst rising cases and possibility of partial lockdowns,” Tarun Pathak, associate director at Counterpoint Research, said. Getty Images Handset makers may be forced to cut back on production in the coming weeks with inventory beginning to pile up as demand tapers owing to Covid restrictions and consumers put off purchases amid fears of economic challenges, industry executives and market experts say. ....
Increasing Population of Smartphone Users to Drive Growth With the emergence of latest technologies, such as improved GPS tracking and high-speed internet, most players in the car rental market are offering smartphone-based applications to their customers. This strategy helps them effectively acquire new customers and retain old ones. The increasing usage of smartphones worldwide, coupled with their high penetration in developing countries owing to reducing prices is anticipated to drive the global car rental market growth. For instance, according to a report published by the Indian Cellular and Electronics Association and KPMG, India will register around 820 million smartphone users by 2022. In addition, the increasing demand for car rentals from corporate travelers is projected to further strengthen the growth. However, increasing fuel prices and low penetration of alternative vehicles (such as EVs) may hinder the growth. ....