HP to rollout first PLI product in May, double India output
Electronics maker HP expects to roll out its first product made under the government's
production-linked incentive
(PLI) scheme next month and aims to double its production in India over the next year, a top executive said on Thursday.
#Pahalgam Terrorist Attack
Pakistan suspends Simla pact: What it means & who's affected
What is India's defence muscle if it ever has to attack?
Can Pakistan afford a full-scale war with India?
Amid tariff uncertainties, HP does not anticipate any impact or changes to its domestic production ramp-up roadmap, Ipsita Dasgupta, senior vice president and managing director at
HP India
, said.
She said the company had a plan to ramp up production in India steadily over the next five years and that plan remains unchanged.
Play Video
Pause
Skip Backward
Skip Forward
Unmute
Current Time
0:00
/
Duration
0:00
Loaded
:
0%
0:00
Stream Type
LIVE
Seek to live, currently behind live
LIVE
Remaining Time
-
0:00
1x
Playback Rate
Chapters
Chapters
Descriptions
descriptions off
, selected
Captions
captions settings
, opens captions settings dialog
captions off
, selected
Audio Track
Picture-in-Picture
Fullscreen
This is a modal window.
Beginning of dialog window. Escape will cancel and close the window.
Text
Color
White
Black
Red
Green
Blue
Yellow
Magenta
Cyan
Opacity
Opaque
Semi-Transparent
Text Background
Color
Black
White
Red
Green
Blue
Yellow
Magenta
Cyan
Opacity
Opaque
Semi-Transparent
Transparent
Caption Area Background
Color
Black
White
Red
Green
Blue
Yellow
Magenta
Cyan
Opacity
Transparent
Semi-Transparent
Opaque
Font Size
50%
75%
100%
125%
150%
175%
200%
300%
400%
Text Edge Style
None
Raised
Depressed
Uniform
Drop shadow
Font Family
Proportional Sans-Serif
Monospace Sans-Serif
Proportional Serif
Monospace Serif
Casual
Script
Small Caps
Reset
restore all settings to the default values
Done
Close Modal Dialog
End of dialog window.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
Play War Thunder now for free
War Thunder
Play Now
Undo
By the end of this year, about 13% of all PCs sold in India by HP will be locally manufactured, Dasgupta said, adding that by 2031, one in every three HP PCs sold in India will be made in the country.
The products expected to be launched under the PLI scheme in May would include laptops, all-in-ones and desktops, she said.
Live Events
'If you ask me if in this world of uncertainty, do you see belts tightening? I see cautious thoughtfulness about how to spend and what to spend on, and how to think about cost,' Dasgupta said. 'The players that are going to emerge to do well in whatever they sell into industries will be thinking creatively and thinking productively about solutions that allow for cost to become optimised.'
Discover the stories of your interest
Blockchain
5 Stories
Cyber-safety
7 Stories
Fintech
9 Stories
E-comm
9 Stories
ML
8 Stories
Edtech
6 Stories
Globally, 15–20% of all PCs sold this year are expected to be
AI PCs
, and this is projected to rise to over 50% within the next two to three years, according to Dasgupta.
"AI PCs are just being introduced in the Indian market, so it's still early to quantify their share in overall shipments. However, momentum is building quickly, with strong interest across consumer and commercial segments," she said.
Price is not expected to be a prohibitive factor for adoption of AI PCs in India, she said.
PC penetration in India being under 20% presents ample room to grow, Dasgupta said. The approach is to focus on expanding the total addressable market rather than on taking competitors' market share.
The company is, for instance, running outreach programmes and workshops for small and medium-sized businesses and sees market opportunities beyond the metro cities across tier-2 and 3 towns.
In 2024, HP led the Indian PC market with a 30.1% market share. Its government and enterprise businesses expanded by 14.7% and 14.3%, respectively.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
an hour ago
- Time of India
Azad Engineering block deal: Nomura picks stake worth Rs 66 crore in this smallcap defence stock
Japanese financial holding company Nomura has picked up a stake worth Rs 66 crore in Azad Engineering via a block deal. It bought over 4.10 lakh shares at a price of Rs 1,616.85 per equity share which was at an 8% discount over the Thursday closing price of Rs 1,753.60. The block deal was executed on Friday and shares of Azad Engineering were bought through Nomura's investment vehicle Nomura India Investment Fund . by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like New Container Houses Vietnam (Prices May Surprise You) Container House | Search ads Search Now Undo Company's shares fell by over 5% or Rs 97 to settle at Rs 1,656.80. There were other buy and sell block deals as well involving F3 Advisors Private Limited, Graviton Research Capital and Mansi Share and Stock Advisors Pvt Ltd. Azad Engineering manufactures life-critical components and product lines in the aerospace and defence, energy and oil and gas industries. Its products include 3D rotating airfoil portions of turbine engines and other products. Live Events The stock has been a market laggard and has seen its price erode by 10% this year when Nifty has delivered 5.3% returns in the same period. Stock's returns over a one year period is just over 7% which is at par with the returns given by the 50-stock index. The stock is currently trading above its 50-day and 200-day simple moving averages (SMAs) of Rs 1,591 and Rs 1,556, respectively according to Trendlyne data. It has traded with high volatility with a 1-year beta at 1.4. It reported a consolidated net profit of Rs 25.3 crore in Q4FY25 versus Rs 14.9 crore reported in the year ago period. The total revenue stood at Rs 130.3 crore versus Rs 95.6 crore posed by the company in the corresponding quarter of the last financial year. Also Read: Choice International block deal: BNP Paribas sells shares worth Rs 78 crore in multibagger stock ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
Time of India
an hour ago
- Time of India
From foes to friends to foes again: What are ten key moments in Trump-Musk fickle relationship?
Image credit: AP In a dramatic 48-hour unraveling, the relationship between US President Donald Trump and billionnaire Elon Musk collapsed spectacularly in full public view. The clash began when Musk openly criticized Trump's proposed 'big beautiful bill,' calling it fiscally irresponsible and disconnected from innovation-driven policy. Trump fired back with threats to revoke federal subsidies and government contracts for Musk's companies, framing the tech billionaire as ungrateful and disloyal. Musk, in turn, escalated the feud, accusing Trump of deception, failed leadership, and clinging to outdated political narratives. What was once a transactional alliance between political power and tech influence has now devolved into a high-profile feud playing out across social media platforms, with implications for business, politics, and the 2024 presidential landscape. However, their relationship has swung from initial disagreements, to standing firmly by each other, and eventually drifting apart once again. Here's a lookback into their hot and cold relationship: 2016: When Musk felt Trump 'not right guy' for US There was a time, not long ago, when Musk publicly noted that Trump's lacked the "character that reflects well on the United States". He had appraised Democratic presidential nominee Hillary Clinton over Republican Donald Trump. "I feel a bit stronger that he is not the right guy," Musk had said about Trump. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 3BHK Transformation Possible for ₹4.5 Lakh? HomeLane Get Quote Undo "He doesn't seem to have the sort of character that reflects well on the United States," he had said. "I don't think this is the finest moment in our democracy," the Tesla CEO added. 2017: Musk joins, then quits Trump's administration Elon Musk left Donald Trump's administration during his first term over differences in opinions on climate change. Musk was a part of a handful of White House advisory boards, including Trump's "manufacturing jobs council." "Climate change is real. Leaving Paris is not good for America or the world," he had said. 2020: Trump calls Musk 'one of our great brains' In 2020, Trump publicly praised Musk during a SpaceX launch, calling him 'one of our great brains' and commending his achievements. However, despite occasional tensions, Musk maintained close ties with the federal government through lucrative SpaceX contracts with Nasa and other agencies. 2022: When Trump called Musk a 'bulls*** artist' Trump, during a rally in 2022, had criticised Musk calling him a "bulls*** artist" for supporting the Democrats in 2016 Presidential elections. 'He said the other day, 'Oh, I've never voted for a Republican'. I said, 'I didn't know that.' He told me he voted for me, so he's another bulls*** artist,' he had said. Two months after this incident, Musk, who bought X, formerly known as Twitter, lifted ban on Trump's social media account. His account was suspended in 2021 following the January 6 attack on the US Capitol, as X's previous management cited the risk of incitement to violence in the wake of the deadly riot led by Trump's supporters. July 2024: Musk's first official endorsement for Trump The X owner's first official endorsement for Trump came on July 13, 2024 (local time), after the then GOP presidential nominee survived an assassination attempt. "I fully endorse President Trump and hope for his rapid recovery," Musk had said. Musk then actively supported Trump's campaign, even appearing alongside him on the trail, and contributed around $277 million to boost Trump and other Republican candidates — primarily through a super PAC he backs, known as America PAC, according to campaign finance records, CBS News reported. The contribution made Musk the single largest donor to either party in the 2024 election cycle, according to federal election commission filings. December 2024: With Trump in office, 'a star is born- Elon' After securing victory in the US presidential elections, Trump, in his victory speech, gave a special mention to Musk saying: 'We have a new star; a star is born- Elon.' 'He's an amazing guy. We were sitting together tonight. You know, he spent two weeks in Philadelphia, in different parts of Pennsylvania, campaigning,' he had said. January 2025: Musk back in Trump admin, spearheading DOGE Trump appointed Musk to head the Department of Government Efficiency (DOGE), a role focused on reducing federal spending. However, the initiative fell significantly short of Musk's ambitious target of saving $1 trillion. And thus began the beginning of a relationship that led Musk publicly professing his love for Trump: "I love @realDonaldTrump as much as a straight man can love another man," he had said. The two leaders made a joint appearance in the Oval Office, where they took questions from the press. Musk was accompanied by his son during the visit. July: Musk criticises 'big beautiful bill' after exiting Trump government Days after exiting Trump administration, Musk took on 'big beautiful bill' saying: "This massive, outrageous, pork-filled Congressional spending bill is a disgusting abomination. Shame on those who voted for it: you know you did wrong." T he outspoken protest marked Musk's first public break with Trump since stepping down from his administration role last week. "Call your Senator, Call your Congressman, Bankrupting America is NOT ok! KILL the BILL," he said. Tensions flared even further when Musk claimed credit for Trump's 2024 victory and dismissed the former president's remarks with a blunt 'Whatever.' 'Without me, Trump would have lost the election, Dems would control the House and the Republicans would be 51-49 in the Senate," Musk claimed. In retaliation, Trump accused Musk of going 'crazy' after losing influence and threatened to cut federal subsidies to Musk's companies. "Elon was 'wearing thin,' I asked him to leave… and he just went CRAZY!' he said. Musk drops 'Epstein files' bomb In a stunning escalation, Musk accused Trump of being named in the Jeffrey Epstein files — a highly controversial and politically explosive topic that continues to cast a long shadow over American public life. 'Time to drop the really big bomb: @realDonaldTrump is in the Epstein files. That is the real reason they have not been made public. Have a nice day, DJT!' he said. "Mark this post for the future. The truth will come out,' he added. He also criticised Trump's tariffs saying: 'The Trump tariffs will cause a recession in the second half of this year.' Musk calls for new 'American Party' Musk called for the launch of a new political party in the US calling it "The American Party". 'Is it time to create a new political party in America that actually represents the 80% in the middle?' he said. Based on the X poll results, Musk agreed upon the name 'The America Party'. "The people have spoken. A new political party is needed in America to represent the 80% in the middle! And exactly 80% of people agree. This is fate," he added. Given their history of fickle relationship, will they find their ways back to each other, or is it the beginning of the end?
Time of India
an hour ago
- Time of India
Elon Musk vs Donald Trump: New political party ‘The America Party' gains momentum after 80% of X users say yes
Elon Musk and Donald Trump once stood on the same political platform. Now, they're locked in an explosive feud that's playing out across social media—and reshaping America's political landscape. This week, Musk floated the idea of a new centrist political movement . In a viral poll on his social media platform X, he asked: 'Is it time to create a new political party in America that actually represents the 80% in the middle?' When 80% of respondents said yes, Musk declared, 'The people have spoken. A new political party is needed in America to represent the 80% in the middle! And exactly 80% of people agree. This is fate.' Soon after, he proposed a name: The America Party . It was a direct challenge not only to the Democratic and Republican establishment—but also to the man he once endorsed. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Infertile Man Visits Orphanage And Hears, 'Hi Daddy.' Then He Realizes His Late Wife's Cruel Lies Crowdy Fan Undo From MAGA to meltdown Musk and Trump were once politically inseparable. The Tesla and SpaceX CEO had served on Trump's advisory councils, campaigned alongside him, and even formed a political action committee to support Trump's 2024 bid. He appeared at rallies, sported the MAGA cap, stood behind Trump at the swearing-in, and travelled on Air Force One. That partnership is now over. Live Events The split became public when Musk denounced Trump's $2.4 trillion tax-and-spend measure—nicknamed by the former president as his 'big, beautiful bill.' Musk called it a 'disgusting abomination.' The comment surprised Republican leaders and drew an immediate, personal reaction from Trump. 'Elon and I had a great relationship. I don't know if we will anymore,' Trump said from the Oval Office. Trading blows in public Trump then escalated the situation. Writing on Truth Social, he took direct aim at Musk's business interests: 'The easiest way to save money in our Budget, Billions and Billions of Dollars, is to terminate Elon's Governmental Subsidies and Contracts.' He added, 'I was always surprised that Biden didn't do it!' Musk didn't back down. He accused Trump of 'ingratitude' and reposted allegations, without evidence, suggesting Trump's name appeared in official documents tied to Jeffrey Epstein. He also said, 'Without me, Trump would have lost the election,' before adding, 'Such ingratitude.' What followed was a blitz of insults, memes, and viral reactions from both camps and the public. A fractured right wing This clash has deeper implications. Musk had been a key financial supporter of Republican candidates in the 2024 election cycle. His abrupt shift towards centrist politics—if not a full departure from the GOP—could unsettle conservative ranks. By proposing The America Party, Musk has attempted to position himself as a representative of the politically homeless middle. But challenges remain. U.S. election laws make it difficult to secure ballot access across 50 states. While the idea of a centrist third party is not new, no billionaire tech executive has ever tried to build one this publicly. And despite the buzz, Musk cannot run for president due to his South African birth. The U.S. Constitution requires candidates to be natural-born citizens. Online reactions and cultural ripples The feud hasn't just caught the attention of political commentators. It has gone full viral. Social media flooded with memes, TikTok mashups, and hot takes. One user, Brother Nathanael, wrote: 'Elon Musk President USA of The American Party! That presidential look:'. Vivian Jenna Wilson, Musk's estranged daughter and a prominent drag artist, joined the online conversation with a viral post that resonated across LGBTQ+ social media. Her participation added a personal twist to an already highly visible standoff. Meanwhile, the business world also felt the heat. Tesla shares fell by 14%, while Trump Media stock slipped 8%. A disruption in motion For now, The America Party exists only as a name, a poll result, and a few bold posts. But its announcement marks a moment. It underlines the friction between politics and technology. It highlights the instability of alliances based on influence rather than ideology. And it shows how billionaire disputes can quickly spill over into public discourse—with real-world political and economic consequences. Whether Musk's effort becomes a lasting political force or a footnote in internet history is unclear. But one thing is certain—American politics just became even less predictable.
