DAEWOO India appoints EBG group as Strategic Partner for Home Appliances and Electronics Retail Expansion
DAEWOO brings decades of technological innovation and high manufacturing standards, while EBG Group's deep understanding of Indian consumer preferences and retail operations positions it to successfully introduce and expand DAEWOO's products in India.
According to Dr. Irfan Khan, Founder and CEO of EBG Group, 'the partnership aligns with EBG's long-term strategy to strengthen its market footprint, bringing premium appliances that meet the increasing demand for energy-efficient solutions. EBG Group will lead the retail and distribution expansion for DAEWOO Consumer Products across India, ensuring seamless access to products through a robust retail network and strong after-sales support. The focus is on creating a hassle-free shopping experience while providing consumers with reliable service infrastructure nationwide'.
'The partnership will introduce a range of high-performance, stylish and energy-efficient home appliances, including whole range of Home & Kitchen appliances as well as Smart home solutions, Mr. H. S. Bhatia, Managing Director, DAEWOO India said. With IoT-enabled devices and advanced energy-saving features, DAEWOO's products are designed to meet the needs of India's growing tech-savvy consumer base, who seek innovation, convenience, and sustainability. By combining technological advancements with deep market insights, both companies aim to bring premium, affordable, and high-tech solutions to Indian households, setting the stage for the next evolution in consumer electronics.
'EBG plans to create business opportunities for Indian entrepreneurs through an innovative franchise model. This initiative is expected to further strengthen DAEWOO's retail presence and empower local partners, with details to be announced soon', Mr. Hari Kiran, COO and Co-Founder of EBG Group said. 'We are excited to collaborate with Daewoo in bringing innovative, high-quality home appliances and electronics to India'.
With DAEWOO brand EBG aim to develop a holistic ecosystem that enhances customer experience through reliable service, easy accessibility, and a nationwide after-sales network.
About DAEWOO India
DAEWOO is a global leader in the design and manufacturing of home appliances, electronics, and consumer goods. Known for its cutting-edge technology and commitment to quality, DAEWOO products are trusted by consumers around the world with presence in more than 70 countries. DAEWOO brand operates in India through their manufacturing and marketing partner M/s. Kelwon Electronics & Appliances Pvt. Ltd. With a focus on innovation and sustainability, DAEWOO continues to lead the way in creating products that make life easier, more comfortable, and more sustainable.
About EBG Group
EBG Group is a premier name in the Indian market, known for launching and managing premium tech and lifestyle brands. With an in-depth understanding of Indian consumer behaviour and a strong retail presence, EBG has built a reputation for providing innovative solutions and excellent customer experiences. Through this strategic partnership with DAEWOO, EBG aims to redefine the home appliances and electronics market in India.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
10 minutes ago
- Time of India
China refiners grab Russian oil as Trump menaces flows to India
Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Oil refiners in China have stepped up purchases of Russia's flagship crude, seizing an opportunity to take discounted cargoes relinquished by India as Washington ramps up trade tariffs against New China is the largest importer of Russian oil , it tends to take deliveries from the nation's Far East. Yet so far in August, shipments of Urals — which loads from Baltic and Black Sea ports — were almost 75,000 barrels a day. That's almost double the year-to-date average of about 40,000 barrels, according to Kpler. In contrast, exports to India sunk to no more than 400,000 barrels a day this month, compared with the average of 1.18 million.'Generally, Chinese refineries are in a comfortable position to keep taking Russian oil for now, in contrast to Indian refiners,' said Jianan Sun, an analyst at Energy Aspects Ltd. Urals — which ships from Russia's west — remains competitive against alternative grades from the Middle East, Sun global oil market is focused on shifts in global flows as US President Donald Trump steps up a diplomatic push to try and broker an end to the war in Ukraine. As part of that drive, Washington has doubled a levy on all Indian imports to punish the nation for taking Russian crude, although it hasn't yet followed through with a comparable measure against China amid a trade truce with Beijing. The Asian nations are the top buyers of Moscow's differing approaches — which have presented Chinese refiners with a buying opportunity — have been on display in recent days. Last Friday, Trump said he would hold off on raising tariffs on Chinese goods over the country's purchases of Russian oil, citing progress with Russian President Vladimir Putin toward ending the war. Meanwhile, White House trade adviser Peter Navarro has described India's buying as 'opportunistic and deeply corrosive,' while also acknowledging that the US can't go further on China without hurting itself.'One thing is certain: Trump will not do things which he knows he cannot achieve,' said Mukesh Sahdev, head of commodity markets at Rystad Energy A/S. 'Putting pressure on India, he has certainly achieved and he can make an impact, but putting pressure on China? Probably not.'Refiners in China, Asia's largest economy, have likely purchased 10 to 15 cargoes of Urals for October and November delivery so far, more than their usual intake, according to Kpler and Energy Aspects.'I won't be surprised to see more November-delivered cargoes to be bought by the Chinese in the coming days' if Urals prices remained attractive, said Muyu Xu, senior crude analyst at grade was most recently offered at $1 a barrel premium over Dated Brent, with no further discounts seen, following elevated interest from Chinese refiners, according to traders in the market who asked not to be present, at least two tankers carrying Urals — each with capacity of 1 million barrels — are waiting off China's coast, with more expected in coming weeks, according to tracking data compiled by Bloomberg. The vessels — Georgy Maslov and Zenith — are idling near Zhoushan. That's the base for Zhejiang Petroleum & Chemical Co., and also close to strategic storage processors remain on the sidelines, although they have been receiving and considering offers for Urals, the traders Russian barrels 'have to be removed, and those barrels can only be removed by China into storage,' said Sahdev. 'Without China buying, the Russian crude may start discounting more to get new buyers.'
Time of India
10 minutes ago
- Time of India
China lifts export curbs on rare earth magnets to India
China has lifted restrictions on exports of rare earth magnets to India, addressing one of New Delhi's long-standing concerns, according to Indian media reports on Tuesday. The development coincides with Chinese Foreign Minister Wang Yi 's visit to India, where he is scheduled to meet Prime Minister Narendra Modi and National Security Adviser Ajit Doval. Assurances from Beijing Wang Yi reportedly assured External Affairs Minister S Jaishankar that Beijing would work to resolve three issues raised by India — the supply of rare earth magnets, fertilisers, and tunnel boring machines. According to the media reports, shipments of these items have already resumed. The breakthrough follows discussions last month between Jaishankar and Yi, during which India pressed for easing restrictions that had disrupted supply chains. Fertiliser curbs had directly affected the availability of di-ammonium phosphate during the Rabi season, while delays in shipments of tunnel boring machines slowed progress on key infrastructure projects. Restrictions on rare earth magnets, meanwhile, raised concerns among automotive and electronics manufacturers over potential production bottlenecks. Industry impact Rare earth magnets are critical inputs for electric vehicles, wind turbines, electronics and defence applications. India's auto and electronics industries had warned that prolonged restrictions could have a debilitating impact on production. Fertiliser shortages also posed risks for agricultural output, while delayed machinery supplies threatened timelines of large infrastructure projects. Political backdrop The easing of trade curbs comes after both sides made progress on disengagement along the Line of Actual Control. Wang and Jaishankar met twice, agreeing to gradually restore normalcy in ties through confidence-building measures and economic cooperation. The move also comes against a shifting geopolitical backdrop. While the United States has tightened tariffs on Indian exports citing national security concerns, it has taken a more accommodative stance towards Beijing, extending a trade truce and delaying tariffs on Chinese goods. For New Delhi, China's decision to lift restrictions is seen as an important step in stabilising bilateral relations and addressing supply chain disruptions in key industries.
New Indian Express
10 minutes ago
- New Indian Express
China assures India of critical exports as both sides move to reset ties
NEW DELHI: Chinese Foreign Minister Wang Yi on Monday assured External Affairs Minister S Jaishankar that Beijing will resume critical exports to India-- including fertilisers, rare earth minerals, and tunnel boring machines-- meeting three long-standing Indian concerns. The assurance, confirmed by sources familiar with the discussions, signals a potential step forward in rebalancing economic ties between the two Asian powers, which have faced prolonged strain since the border standoff of 2020. During the meeting, Jaishankar reiterated India's need for uninterrupted supplies of urea, NPK, DAP fertilisers, rare earth materials essential for manufacturing and clean energy technologies, and tunnel boring machines used in key infrastructure projects. According to sources, Minister Wang responded positively and committed to facilitating these exports. The development reflects a shared recognition that pragmatic cooperation in trade and infrastructure can continue even as broader strategic differences remain to be sorted through, building greater trust.
