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Time of India
13 hours ago
- Business
- Time of India
Centre's losses from grey market TV sellers may swell to $2 billion: SPPL CEO
NEW DELHI: The Central government's losses from unregulated grey market television (TV) sellers may reach $2 billion (~₹17,200 crore) in the near future, according to Super Plastronics ( SPPL ). The Noida-based firm is the brand licensee of Thomson , Kodak , and Blaupunkt in India. 'Organised brands such as SPPL, brands, and OEMs have a huge challenge to deal with. The government may have to bear up to $2 billion of tax loss in the near future. The government is undertaking measures, but unorganised trade is causing significant problems,' Avneet Singh Marwah, CEO, SPPL, told ETTelecom . These grey market sellers, he said, primarily operate in the entry-level TV segment, where the top five market players have started coming under pressure. 'The government is also losing out on customs duties. The practices of unorganised traders are perfect for initiating regulatory actions by agencies such as the Directorate of Revenue Intelligence (DRI) and the Enforcement Directorate (ED),' he added. Industry executives said such traders regularly import electronic components from countries such as China, assemble them in factories in locations such as Delhi's Lajpat Nagar, and sell unbranded televisions in rural markets, where consumer awareness about brand authenticity and related aspects remain low. Marwah said SPPL has a 6% share in the TV market, which has a volume of around 14 million units, and expects this to grow to 7% in 2026, supported by premium, large-screen models backed by display and audio innovations. Recently, Thomson launched new mini-LED TVs with a 108W speaker system comprising two integrated subwoofers, QD 4K displays, powered by Google TV, in the price range of ₹61,999 to ₹95,999. The top executive said the TV market remained stagnant in the first half of 2025, but the upcoming festival season, combined with the replacement cycle, may drive recovery in the July-December 2025 period. 'One of the key reasons (for market stagnation) is due to the purchases that happened during the COVID pandemic. I think there was a saturation in the market, and there was no disruption in technology. Now, the time has come. The replacement in the market will start from H2 2025,' he said. Counterpoint Research has projected that the Indian TV market may grow by a modest 4% in 2025, with a recovery anticipated in the second half following a sluggish start to the year. 'Due to the ongoing economic uncertainty and inventory issues across top brands, the market is likely to remain slow with a premiumisation trend as buyers begin to value performance and quality alongside affordability. The demand for premium and large-screen TVs will continue to rise, while shipments of smaller 32-inch TVs are expected to decline further,' Anshika Jain, senior research analyst, Counterpoint, told ETTelecom . The research agency said that artificial intelligence (AI)-enabled smart TVs remain in the early stages of adoption, with major players gradually offering advanced features such as adaptive picture and sound, as well as multilingual voice assistants.
Indian Express
3 days ago
- Entertainment
- Indian Express
Thomson launches 2 mini QD LED TVs in India: Price, features, and more
Thomson, a 130-year-old French electronics brand, has introduced two mini QD LED TVs in India, available in 65 and 75-inch sizes. These will be exclusively sold on Flipkart, priced at Rs 61,999 and Rs 95,999, respectively. The metal-encased smart TVs feature a 4K Mini QD LED panel that promises stunning brightness levels – up to 1500 nits – helping the picture really pop even in well-lit spaces. There's also attention to detail in how the picture is processed. Features like Dynamic Backlight control, 540 local dimming zones, and a Smart Eye Shield aim to deliver more realistic visuals while reducing eye strain. Dolby Vision, HDR10, and HLG are all part of the package, bringing richer contrast and more dynamic colour, whether you're watching a blockbuster or bingeing your favourite series. The mini QD LED TV series are built for a home theatre experience with a 108W speaker system. The TVs get a six-speaker, two-built-in-subwoofer setup that supports Dolby Atmos and Dolby Digital Plus for crystal clear audio. Thompson also offers custom sound modes for movies, sports, music, and more. Talking about the latest appliances, Avneet Singh Marwah, CEO of SPPL, (licensee of Thomson) said, 'Our new Mini QD LED range brings together the best in global display technology like Dolby vision, HDR 10, HLG, refresh rate 122 hz, Dolby Atmos-powered audio with output of 108 Watts along with 6 speakers and with latest 5.0 Google tv experience, all proudly Made in India.' And for gamers, the TVs have 120 Hz Motion Estimation/Motion Compensation (MEMC), a technology that enhances the smoothness of motion on a display by inserting extra frames between existing ones. These TVs also support dual-band WiFi connectivity, 5.0 Bluetooth, 2 USB ports, and 3 HDMI ports. Both models run on Google TV and come preloaded with remote hotkeys for Netflix, Prime Video, YouTube, and more. They also support over 10,000 apps, and with built-in Chromecast and Apple AirPlay, you can easily mirror content from your phone or tablet. Under the hood, the TVs are powered by a MediaTek processor and Mali-G52 GPU, along with 2GB RAM and 16GB internal storage. This setup should be more than sufficient for everyday smart TV use, from streaming and browsing to multitasking between apps.
