Global Consumer Electronics Giant Hisense to Introduce Next Gen Tech Products in India

Next Gen Tech Products

* Announces the launch of its range of QLED, UHD & Smart televisions on August 6th on Amazon, Flipkart, TataCliQ and Reliance Digital

* Aims to upgrade buyers with entire 4K range having Dolby Vision and Dolby Atmos technology

* Also plans to bring in Laser TV, 8K Dual Cell TVs along with UHD, Intelligent ACs with Wifi and premium refrigerator in India at enticing prices

Hisense, a leading consumer electronics and appliance manufacturer of the world is entering the India market with a range of products including next generation technology display products like 100” Laser TV, 86” 8K TVs, Dual Cell QLED TV & OLED TV. Besides these futuristic technology products, the brand will be launching its range of QLED, UHD and Smart televisions on August 6th on Amazon, Flipkart, TataCliQ and Reliance Digital followed by Intelligent ACs and premium Side by Side Refrigerators this year.

Known for its glorious 51 Years, Hisense is a global technology leader and has recently acquired the premium European brand Gorenje and leading Japanese brand Toshiba TV in addition to existing portfolio of brands with an aim to expand globally. With both Hisense and Toshiba, the Hisense group is targeting 40 million TV sales aiming at number two position globally. The brand is operating in over 160 countries and is committed to continuous production innovation with 14 Intelligent manufacturing bases and 18 R&D hubs across the globe. The brand also invests 5% of its revenue back into R&D every year. Sports has also been one of keen area of association for the brand and has been associated with FIFA World Cup, Australian Open, Red Bull F1 Racing, UEFA Euro Championships etc and is also the official partner of UEFA Euro 2020.

Speaking about the launch, Mr. Rishi Tandon, COO Hisense India said, “We are extremely excited to be a part of one of the biggest growing markets in the world. Our goal is to become an aspirational premium brand offering niche, innovative products and solutions at very competitive prices. Our new Made in India range of Smart & 4K televisions are fully loaded and enhancing consumer delight to make their life better will be a key focus area for us. Our products offer uncompromised quality with a seamless, smart and enjoyable viewing experience.”

Hisense will be launching next generation TV Products including Laser TV’s, World’s first DUAL CELL TV products by end of the year. The brand will also be bringing in a range of Toshiba TVs next month.  Apart from the smart television range, Hisense Group will also introduce its Air Conditioners range with intelligent health filters with smart cooling and big capacity refrigerators in French door concept which is currently out of reach due to limited options for the consumer.

The upcoming new Made in India television series of Hisense Amazing 4K LED TV are specially designed, manufactured and packed with innovation and top-notch technology features based on feature insights from the Indian market at the most competitive price points. In collaboration with Dolby, Hisense 4K TVs will be equipped with Dolby Vision & Dolby Atmos for full immersive & engaging cinematic experience.  Dolby Vision, the advanced form of HDR with its Frame by frame processing to brings out the ultimate brightness, color and contrast on screen. Moving audio on screen of Dolby Atmos transports you to the middle of action for a breathtakingly immersive experience The Quantum Dot technology in the TV’s create huge amount of color combinations to present stunning picture quality and Full Array Local Dimming with more dimming zones for better contrast ratio and a bezel-less slim design identity across entire range.

The entire range of Hisense televisions come equipped with the official Android TV 9.0 PIE operating system and official Google Play Store app preloaded giving access to 500,000+ TV shows and movies. The entire range has a Built-in Google Assistant and Built-in Chromecast for a seamless casting of any HD or Full HD content on the big screen.  The range also comes with One touch access feature on the remote, the applications Youtube, Netflix, Disney+Hotstar, Prime Video can be easily browsed through the press of a button.

Starting with Hi to Hisense campaign, the entire range of 4K & Smart televisions will be available online on Amazon, Flipkart, TataCliQ and Reliance Digital starting August 6, 2020.  As an introductory celebration offer and as reinforcer of its confidence on product quality, the brand shall be offering 5 Year warranty on the panel along with certain inaugural discount over its normal operating prices for the first three days of launch i.e. from 6th to 9th Aug 2020.

To ensure consumer delight, the brand shall be ensuring that its service is readily accessible with fast response time and a wide cover having network across more than 18,000 pin codes with 400+ service centers.

Hisense Group has regularly been awarded at international platforms for their product innovation and leadership. The brand received 8 awards in the beginning of 2020 at CES including CES 2020 TOP PICK, Best of CES 2020 for its premium range of LED and Laser TV and Best Fridge Freezer and Induction hob by Trusted Review.

About Hisense

Hisense is global technology leader in manufacturing premium televisions with an impeccable track record of providing top quality products. It is known for its glorious 51 Years of Global Trust and Innovation worldwide. Striving to push the boundaries of innovation and working tirelessly on the research and development, it is one of the world’s leading television manufacturers. Hisense is a leading TV brand worldwide and is also the leading TV brand in countries like Australia, USA, Japan, Mexico and South Africa. Hisense is having footprints globally with presence in over 160+ countries having 14 manufacturing facilities located including countries like Mexico, Slovenia, Serbia, Mexico, Czech, South Africa etc. The group is committed to continuous innovation with 18 R&D hubs across the globe and invests 5% of its revenue back into R&D every year with the sole aim of delivering first-rate and affordable products that improve the lives of consumers.

YES BANK Launches Yuva Pay - Digital Wallet for Smart Phone, Feature Phone in Partnership with UDMA Technologies

YES BANK announced the launch of ‘Yuva Pay’, a unique digital wallet in partnership with UDMA Technologies to enable contactless payments. This collaboration is in line with YES BANK’s fast-track innovation efforts of enabling communities to experience the convenience of digital banking services – as the nation slowly begins to unlock after the COVID-19 lockdown.  This innovation is a digital wallet issued under minimum KYC regulations, combined with bill payments via Bharat Bill Pay and Unified Payments Interface (UPI).

Through the app, utility bills like municipal, house, water tax, electricity, LPG, DTH, Mobile bill, license fees, Windmill & Solar park fees, building sanction fees and billboard taxes can be paid along with insurance renewal, fastag recharge, EMI payment, school fees and use at retail outlets. The first live program of the solution will be implemented by State Rural Development & Panchayat Raj Department, Karnataka and the first phase will cover 158 gram panchayats with 238 villages. Subsequently, this program will be rolled out to 6200 gram panchayats covering 12 million households across 29,000 villages in the second phase.

Speaking on the launch, Anita Pai, Chief Operating Officer, YES BANK, said, “This unique endeavour is yet another step taken by YES BANK towards achieving the Government’s vision of Digital India by converting all paper transactions into paperless digital transactions. The program also aims to make the low income groups transition to digital and contactless transactions by enabling wider access to secure electronic payment services.”

Prashanth Naik, CEO, UDMA Technologies, said “We envisage a long lasting business relationship. YES BANK is one of India’s leading digital payments facilitator and we intend to replicate this solution across the country, specifically in the rural segment where internet connections maybe an issue and feature phone is prevalent. Together, we now offer India’s strongest offline wallet solution that not only brings the world’s best payments experience to Indian Citizens, but is an important step towards eventually having cashless transformation in India.”

To activate the unique feature, customers need to follow a simple process:

Feature Phone Users

Users to visit the nearest ‘Yuva Mitra’ associate to complete minimum or full KYC verification process. Once the verification is complete, the wallet is activated and users can start using their services through Interactive Voice Response Services (IVRS) wherein all transactions are processed securely via OTP & T-PIN authentication.

Smart phone Users

Users can download the ‘Yuva Pay’ mobile application from Android play store, complete the minimum KYC requirements and add money to their wallet. As per RBI guidelines, the user will need to complete biometric based KYC process within 24 months after wallet activation. If internet connection is available, users can start using the services online while in case of no internet connection, the payment and collection request is converted into an encrypted SMS and the transaction is completed in offline mode.

Electronic hardware manufacturing to touch $155 bn by 2015

With the increasing consumption of electronic items in the country, the hardware manufacturing industry in India is poised to touch $155 billion by 2015.

"As per study made by Frost and Sullivan, the (global) market for electronics hardware is expected to grow by 30 per cent to $320 billion in 2015," Department of Information Technology Secretary Jainder Singh said at the Componex Nepcon exhibition here today.

"There is a potential for the domestic hardware manufacturing to grow to $155 billion in 2015," he added.

Indian electronic hardware production increased from Rs 43,800 crore in 2003-04 to Rs 80,800 crore in 2007-08, with a cumulative annual growth rate of 16.6 per cent, he added.

Increased consumption of mobile phones, computers and televisions is driving the domestic demand for the industry in India.

"While the sales of PCs have reached 7.3 million units a year, about 8-10 million mobile phones are sold. The market for colour televisions has also increased to about 15 million units a year," he said.

Singh noted that with the relaxation in import policies and progressive reduction in duties, import of manufactured components has increased, which has in turn suppressed the domestic demand.

Agencies