Prøve GULL - Gratis
Funskool in advance talks with Mattel for contract manufacturing
The New Indian Express Tadepalligudem
|September 11, 2025
INDIA'S biggest toy manufacturer, Chennai-based Funskool, is in advanced stage of discussions with Mattel Inc.—makers of Hot Wheels, Barbie dolls, and Jurassic World toys—for producing the latter's products at its Goa plants.
Speaking to TNIE, Funskool CEO KA Shabir said except for Mattel, all other US toy brands have halted production orders due to US tariffs. He added that orders from US customers have slowed significantly after the tariff announcement. The current tariff on toys stands at 50%. Shabir said: "The real impact (of US tariffs) will show in 2026. The tariffs are stalling the growth momentum of the toy industry just when global brands began investing in India. With the US being the world's largest toy market, such high tariffs make sourcing from India unworkable, pushing business to Southeast Asian countries."
Denne historien er fra September 11, 2025-utgaven av The New Indian Express Tadepalligudem.
Abonner på Magzter GOLD for å få tilgang til tusenvis av kuraterte premiumhistorier og over 9000 magasiner og aviser.
Allerede abonnent? Logg på
FLERE HISTORIER FRA The New Indian Express Tadepalligudem
The New Indian Express Tadepalligudem
Govt plans to take 'Incredible India' to newer markets with rebranding
THE Ministry of Tourism has launched efforts for rebranding one of its most successful campaigns-Incredible India-to target new markets.
2 mins
November 17, 2025
The New Indian Express Tadepalligudem
V-P hails 'guardian of the public purse' on 5th Audit Diwas
VICE-President and Chairman of the Rajya Sabha, CP Radhakrishnan, on Sunday hailed the Comptroller and Auditor General of India (CAG) as the \"guardian of the public purse,\" emphasising its crucial role in safeguarding public funds and promoting good governance.
1 min
November 17, 2025
The New Indian Express Tadepalligudem
'GST rate cut boosted Oct vehicle loans'
CHOOLAMANDALAM Investment and Finance Company president and CFO Arul Selvan said that the NBFC’s advances in two-wheelers and passenger cars segments went up in October after the GST rationalisation in September.
2 mins
November 17, 2025
The New Indian Express Tadepalligudem
Delhi airport traffic in Apr-Oct falls 3.5% due to upgrade, airspace closure
GMR Airports Limited reported a 3.5% year-on-year decline in passenger traffic at its flagship Indira Gandhi International Airport (DEL) for the first seven months of the current fiscal due to year runway upgrade and airspace closure, according to a mandatory filing with the stock exchanges.
1 min
November 17, 2025
The New Indian Express Tadepalligudem
'The answer is us': Indigenous groups protest
HERE in Brazil, marchers revelled in their right to be heard, their voices rising in a city chosen precisely to focus the world's attention on the Amazon and its defenders.
4 mins
November 17, 2025
The New Indian Express Tadepalligudem
WHAT TO MAKE OF BUFFETT'S 'THANK YOU' LETTER
MONEY MATTERS
2 mins
November 17, 2025
The New Indian Express Tadepalligudem
KERALA RISES IN REFORMS BUT GROUND REALITY LAGS
K ERALA'S achievement in improving the investment climate is laudable, considering it was long seen as business-unfriendly.
1 mins
November 17, 2025
The New Indian Express Tadepalligudem
SGPC mulls ban on lone woman for Pak jathas after pilgrim goes missing
FILE PHOTO
1 mins
November 17, 2025
The New Indian Express Tadepalligudem
'Our mission is to develop well-rounded leaders, not just skilled managers'
IIM Shillong Director-in-Charge Prof Nalini Prava Tripathy reflects on the institute’s approach to learning, outreach, and regional engagement
3 mins
November 17, 2025
The New Indian Express Tadepalligudem
Colour and song return to climate talks in Brazil
THE gypsies invariably brought colour and magic to the grey city of Macondo in One Hundred Years of Solitude. Belém is no Macondo living in isolation and innocence, neither are the indigenous people and climate activists who joined the \"Great People's March\"on Saturday at halfway point of the UN climate summit the wandering Roma.
1 min
November 17, 2025
Listen
Translate
Change font size