Bosch Home Appliances to invest 100 mn Euro to expand in India

Bosch Home Appliances to invest 100 mn Euro to expand in India

Bosch Home Appliances will invest 100 million Euros over the next 3-4 years towards personalizing solutions, brand building, strengthening its technology centre, and setting up a robust refrigerator factory to bring its best-in-class German technology in India and magnifying India’s role globally, the company said in a statement.

In the coming years, Bosch will take its offerings from conventional to digital and transform businesses beyond mobility, by focusing on connectivity and new digital business models for customer value, as well as extending new employment opportunities in the space.

According to the company, India’s household appliances market is expected to grow at 14.5 percent annually (CAGR 2018-2022), resulting in a market volume of USD 2,028 million by 2022. Bosch India expects its business in this sector to grow significantly over the coming years. In line with this insight, Bosch has steadily expanded its product portfolio, with a major focus on localized offerings and India-first innovations built with the highest quality of German engineering, the company said.

BSH Household Appliances which started operations in the country in 2010, has launched new categories like fully automatic top loader washing machines, small appliances, and freestanding microwave ovens here this year. The company has also launched its luxury range Gaggenau in India this year which includes an entire range of built-in home appliances like refrigerators, dishwashers, cooking appliances.

“We want to remain the consumers’ first choice. Innovation and technology are the key pillars at BSH Household Appliances and we are constantly working towards simplifying the day-to-day lives of consumers by reinventing and regionalizing solutions and accessories including branded detergents for washing machines and dishwashers,” said Gunjan Srivastava, Managing Director, and CEO, BSH Household Appliances.

BSH sells its products through 55 exclusive Bosch outlets, 25 Siemens outlets, large format stores like Croma and Vijay sales along with hundreds of direct dealers. The company is still in the process of building its distribution channel and expanding its retail presence. BSH currently manufactures front-loading washing machines in its 42-acre facility around Chennai in Tamil Nadu. The company will soon start manufacturing other appliances in this facility as well.

[“source=forbes]

Huawei to Expand in US Smartphone Market Next Year

Huawei to Expand in US Smartphone Market Next Year

Chinese smartphone brand Huawei will start sales through US carriers next year, a Huawei executive said Monday, stepping up the No. 3 global handset seller’s presence in the home market of rival Apple Inc.

The president of Huawei Technologies Ltd.’s consumer business, Richard Yu, said he would announce details at next month’s Consumer Electronics Show in Las Vegas. He said sales would start with the flagship Mate 10 but declined to give a price or say through which carrier or carriers they would be sold.

Huawei sells some models in US electronics stores and online but has a minimal share of an American market in which most sales are through carriers. Globally, the company trails Samsung and Apple by handset shipments but leads in China, the biggest market, and says it expects to ship a total of 150 million units this year.

“We will sell our flagship phone, our product, in the US market through carriers next year,” said Yu in an interview. “I think that we can bring value to the carriers and to consumers. Better product, better innovation, better user experience.”

Yu expressed confidence the smartphone business wouldn’t be affected by American government concerns Huawei might be a security threat, which derailed US demand for its network gear.

“In consumer sales, when people really start using Huawei products, they will change their minds,” said Yu.

Huawei, founded in 1987 by a former military engineer, is the first Chinese brand to break into the top ranks of global technology suppliers.

The company, headquartered in Shenzhen, near Hong Kong, is the world’s biggest supplier of switching equipment used by telephone and internet companies. It has manufactured mobile phones since the 1990s and launched its own smartphone brand in 2010.

Huawei reported 2016 profit of CNY 37 billion ($5.4 billion) on revenue of CNY 521.6 billion ($75.6 billion). The company is owned by its employees, with no publicly traded shares, but reports financial results in an effort to allay security concerns in the United States and Europe.

Helped by a strong position in China, India and other developing markets, sales by its premium-priced Huawei and mid-market Honor smartphone brands have grown faster than those of Samsung or Apple. That prompted suggestions Huawei might pass its American rival.

In the latest quarter, Huawei’s handset shipments rose 16.1 percent over a year earlier to 39.1 million, well ahead of Apple’s 2.6 percent growth to sales of 46.7 million, according to IDC. Samsung sales expanded 9.5 percent to 83.3 million units.

“We are a Top 3 smartphone supplier but we are very close to the Top 2. So maybe quickly we can be Top 2,” said Yu.

The Mate 10, unveiled in October, offers an extra-wide display, high-end cameras and other advanced features at prices 15 to 30 percent below those of Samsung and Apple.

Yu said the Mate 10 will be “competitively priced” in the United States but Huawei expects to compete on performance instead of cost.

“Our strength is in developed markets,” where consumers will pay for performance, said Yu. “We are not a cheap, low-cost company.”

Also next year, Huawei plans to start selling through carriers in Japan, where its phones already are sold in stores, Yu said.

“I think next year is a very important year for Huawei,” he said.

Huawei’s US business suffered a setback when a congressional panel recommended in October 2013 that phone carriers avoid doing business with it or a smaller Chinese rival, ZTE Corp. Beijing rejected the report as false and an effort to block Chinese companies from the US market.

Huawei denied being a security threat and rejected the US complaints as politically motivated or possibly an attempt by competitors to keep it out of the market.

“They are lying,” said Yu. “We are a company that really cares about cybersecurity and privacy protection. We do a lot better than the other vendors.”

[“Source-gadgets.ndtv”]

Cheetah Mobile’s Live.me App Gets $50 Million in Funding, Looks to Expand in India

Cheetah Mobile's Live.me App Gets $50 Million in Funding, Looks to Expand in India

Aiming to make inroads into the Indian market, Chinese firm Cheetah Mobile on Tuesday announced that its live-streaming platform Live.me app has received $50 million (roughly Rs. 326 crores) in funding from China-based tech company Bytedance.

With the new alliance and funding, Live.me, that has more than 35 million global users, seeks to expand into more local languages and other content genres to reach an even broader audience in India.

“We are delighted to welcome Bytedance as a strategic partner for our fast-growing, live-streaming business. Bytedance’s investment will accelerate the growth of Live.me’s live video and short video businesses,” Sheng Fu, Cheetah Mobile’s Chief Executive Officer, said in a statement.

Following its debut in India earlier this year, Live.me is now pursuing an expansion strategy by setting up a new office in Mumbai and building strategic partnerships with local influencers with the goal of creating popular content for the users.

As part of the definitive agreement, Live.me will provide live-streaming services to Bytedance in the overseas markets.

[“Source-gadgets.ndtv”]

LeBlanc: Top Gear to ‘expand the comedy’

Matt LeBlanc

Matt LeBlanc joined Top Gear in 2016

Matt LeBlanc has given viewers a taster of what they can expect from the next series of Top Gear.

The 25th season of the show – due to air in spring 2018 – will see LeBlanc return to host alongside Rory Reid and Chris Harris.

“I think we’ve tried to broaden the demographic of the show,” the presenter said.

“Try to make it not lose the petrolhead nature of it but maybe open it up to people who aren’t so petrolheady.

Rory Reid, Matt LeBlanc and Chris Harris
Image captionLeBlanc co-presents with Rory Reid (left) and Chris Harris

“Expand the comedy, try to have bigger, broader films, but it will be more of the same in the sense it starts with the car.”

LeBlanc will return to the UK in the coming weeks to shoot footage for the show – so far he’s been filming in Norway, France, Italy and California.

“It will be closer to what it was last year versus the season before,” he added.

  • Has Matt LeBlanc ‘saved’ Top Gear?
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  • Top Gear: Do overnight TV ratings matter?

The most recent series was more popular with critics than the one before it – which saw Chris Evans on hosting duties.

Evans hadn’t been popular with viewers and he left the show after fronting one series.

But LeBlanc declined to discuss viewing figures, which have generally been lower since the departure of previous hosts Jeremy Clarkson, James May and Richard Hammond.

Matt LeBlanc and Chris Evans
Image captionMatt LeBlanc was popular with viewers. Chris Evans… not so much

The trio moved to Amazon Prime to start the Grand Tour after Clarkson punched a producer. He later apologised after settling a £100,000 racial discrimination and injury claim.

BBC Two controller Patrick Holland has previously said Top Gear’s last season drew a “much healthier” audience and it should not be compared to the Clarkson era, which was a “completely different” show.

The BBC has also said that younger audiences rated the most recent series “far higher” than they did previous ones.

LeBlanc was speaking from Los Angeles as he promoted the last series of Episodes, the comedy he stars in alongside Stephen Mangan and Tamsin Greig.

The 50-year-old said it will be hard to leave behind the show, which has been a “inspiring, magic, special journey”.

[“Source-bbc”]