Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
post

Samsung’s market share of refrigerators exceeds 30 per cent in India

- Advertisement -

Samsung Electronics Co.’s share of the Indian refrigerator market exceeded 30 percent last year.

Samsung, refrigerator, market share, India

According to the Korea International Trade Association (KITA) and India media reports on March 3, The company surpassed 30 percent of the market share in 10 years after posting a 17.2 percent share in 2007. Samsung Electronics has also marked double-digit growth for the second consecutive year, showing the highest growth rate in the Indian refrigerator market.

- Advertisement -

The company is planning to launch new refrigerators, which run on solar power, in the local market. As the new models can shorten the cooling times by 31 percent compared to previous models, they are expected to receive favorable response from young, middle-class people in cities.

India with a population of 1.25 billion is the world’s third largest market based on gross domestic product (GDP) in terms of purchasing power. Samsung Electronics has started expansion of its Noida plant in Uttar Pradesh, which was established in 1996, by two times from last year.

On October 17 last year, Samsung India Electronics signed a memorandum of understanding (MOU) with the government of Uttar Pradesh to invest 19.7 billion rupee (US$294.73 million or 341 billion won) in its Noida plant expansion. The Indian government will provide various benefits to electronics businesses, including Samsung Electronics, like tax cuts, according to the National Policy on Electronics.

By Baishakhi Dutta

- Advertisement -

Most Popular Articles

STMicroelectronics’ Solar Deal Boosts Green Operations In Malaysia

0
For its Malaysia facility, STMicroelectronics powers up sustainability with 21-year solar deal with ENGIE Renewable, driving its goal to go carbon-neutral and 100% green...
Mercedes Benz

Mercedes Benz Initiates Q4 2024 EQ Sales Challenge To Boost Sales In US EV...

0
The incentive comprises a $2,000 bonus per EV sale, with an additional $1,000 available for dealers meeting specific monthly sales targets. Mercedes-Benz has initiated the...
Stellantis-Infineon Partnership

Stellantis Partners Infineon To Develop Power Architecture For Next-Gen EVs

0
Infineon has an overall market share of 29 percent in the international automotive microcontroller market. The global automotive manufacturing company Stallintis has partnered with Infineon...

KeenSemi Partners With VLSI Expert To Upskill Engineers

0
Boosting India's tech ecosystem, KeenSemi partners with VLSI Expert to address the semiconductor talent shortage, offering intensive training for engineers. Semiconductor designer KeenSemi has signed...
EV Scheme-India

Union Cabinet To Revamp New EV Scheme To Bolster Investments From Global EV Firms

0
In the second workshop, feedback from numerous companies who are keen to import high-end vehicles at reduced taxes will be collated. In an effort to...

“Adoption Of IoT-Enabled SMT Machines Is Still In Early Phases” – Pradeep Tandon, Director...

0
While electronics are becoming smarter through the Internet of Things, is electronics manufacturing following suit? Pradeep Tandon, Director for India, Middle East, and SAARC...
Dr Yashodhan P. Gokhale, Vice President for Battery Technology, JSW Energy

Charge Forward: High-Voltage Batteries And MSMEs Can Fuel India’s EV Revolution

0
A nuanced explanation of low- and high-voltage EV batteries by Dr Gokhale, Vice President for Battery Technology at JSW Energy, illuminates their advancements and...
Sanjay Gupta, CDO & Global Head of Engineering, L&T Semiconductor Technologies

Can MSMEs Contribute And Profit From The Semicon Boom?

0
Semiconductor manufacturing often requires significant investment, typically feasible only for governments or large corporations. But are there opportunities for MSMEs as well? We spoke...
N.P. Ramesh, COO and Co-Founder, Orb Energy

“We Ensured Customers’ Monthly EMI Would Be Equal To Or Less Than Their Electricity...

0
In a conversation with Nitisha from EFY, N.P. Ramesh of Orb Energy outlines the early financing challenges customers faced. He explains how Orb Energy’s...

“Government Policy Should Equitably Address All Electric Vehicles: Extend Subsidies To Retrofits Or Remove...

0
Aryaman Raghuvanshi from EFY engages with Pramod Narendra, Head of Brand Management and Retail Network at Starya Mobility, to explore the overlooked potential of...

Wireless Light-Based Communication With Velmenni’s Technology

0
Velmenni is at the forefront of wireless communication innovation with its pioneering light-based technologies, Li-Fi and LC Link. Founded by Deepak Solanki in October 2014...

Harnessing AI Technology For Efficient Pest Management

0
AI-Genix, an agri-tech startup, is transforming pest management for farmers through advanced AI-enabled systems that precisely target harmful pests. In an industry where pesticides and...

One Charger To Charge All Your Devices

0
Now, there is no need to carry different chargers for different products. This Bhubaneswar startup has launched a universal 65W charger using GaN technology...

Karnataka Government Initiative Promises ₹5M To Tech Startups

0
Boosting innovation and entrepreneurship across the state’s vibrant ecosystem, Karnataka launched Elevate 2024 and KAN, offering grants up to ₹5 million for startups. On Tuesday,...

CastNX Tech Startup Secures ₹232M For Power Electronics Growth

0
Eyeing to boost R&D and produce 100,000 variable frequency drives by 2026, Indian power electronics startup CastNX has secured ₹232.2 million from Plutus Investments. CastNX...

Industry's Buzz

STMicroelectronics’ Solar Deal Boosts Green Operations In Malaysia

0
For its Malaysia facility, STMicroelectronics powers up sustainability with 21-year solar deal with ENGIE Renewable, driving its goal to go carbon-neutral and 100% green...
Mercedes Benz

Mercedes Benz Initiates Q4 2024 EQ Sales Challenge To Boost Sales In US EV...

0
The incentive comprises a $2,000 bonus per EV sale, with an additional $1,000 available for dealers meeting specific monthly sales targets. Mercedes-Benz has initiated the...
Stellantis-Infineon Partnership

Stellantis Partners Infineon To Develop Power Architecture For Next-Gen EVs

0
Infineon has an overall market share of 29 percent in the international automotive microcontroller market. The global automotive manufacturing company Stallintis has partnered with Infineon...

KeenSemi Partners With VLSI Expert To Upskill Engineers

0
Boosting India's tech ecosystem, KeenSemi partners with VLSI Expert to address the semiconductor talent shortage, offering intensive training for engineers. Semiconductor designer KeenSemi has signed...
EV Scheme-India

Union Cabinet To Revamp New EV Scheme To Bolster Investments From Global EV Firms

0
In the second workshop, feedback from numerous companies who are keen to import high-end vehicles at reduced taxes will be collated. In an effort to...

Learn From Leaders

“Adoption Of IoT-Enabled SMT Machines Is Still In Early Phases” – Pradeep Tandon, Director...

0
While electronics are becoming smarter through the Internet of Things, is electronics manufacturing following suit? Pradeep Tandon, Director for India, Middle East, and SAARC...
Dr Yashodhan P. Gokhale, Vice President for Battery Technology, JSW Energy

Charge Forward: High-Voltage Batteries And MSMEs Can Fuel India’s EV Revolution

0
A nuanced explanation of low- and high-voltage EV batteries by Dr Gokhale, Vice President for Battery Technology at JSW Energy, illuminates their advancements and...
Sanjay Gupta, CDO & Global Head of Engineering, L&T Semiconductor Technologies

Can MSMEs Contribute And Profit From The Semicon Boom?

0
Semiconductor manufacturing often requires significant investment, typically feasible only for governments or large corporations. But are there opportunities for MSMEs as well? We spoke...
N.P. Ramesh, COO and Co-Founder, Orb Energy

“We Ensured Customers’ Monthly EMI Would Be Equal To Or Less Than Their Electricity...

0
In a conversation with Nitisha from EFY, N.P. Ramesh of Orb Energy outlines the early financing challenges customers faced. He explains how Orb Energy’s...

“Government Policy Should Equitably Address All Electric Vehicles: Extend Subsidies To Retrofits Or Remove...

0
Aryaman Raghuvanshi from EFY engages with Pramod Narendra, Head of Brand Management and Retail Network at Starya Mobility, to explore the overlooked potential of...

Startups

Wireless Light-Based Communication With Velmenni’s Technology

0
Velmenni is at the forefront of wireless communication innovation with its pioneering light-based technologies, Li-Fi and LC Link. Founded by Deepak Solanki in October 2014...

Harnessing AI Technology For Efficient Pest Management

0
AI-Genix, an agri-tech startup, is transforming pest management for farmers through advanced AI-enabled systems that precisely target harmful pests. In an industry where pesticides and...

One Charger To Charge All Your Devices

0
Now, there is no need to carry different chargers for different products. This Bhubaneswar startup has launched a universal 65W charger using GaN technology...

Karnataka Government Initiative Promises ₹5M To Tech Startups

0
Boosting innovation and entrepreneurship across the state’s vibrant ecosystem, Karnataka launched Elevate 2024 and KAN, offering grants up to ₹5 million for startups. On Tuesday,...

CastNX Tech Startup Secures ₹232M For Power Electronics Growth

0
Eyeing to boost R&D and produce 100,000 variable frequency drives by 2026, Indian power electronics startup CastNX has secured ₹232.2 million from Plutus Investments. CastNX...