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Last Updated : Feb 24, 2020 05:27 PM IST | Source:

COVID-19 impact: Smartphones, TVs and ACs to go out of stock soon; expect price hike

In this Moneycontrol special, M Saraswathy explains why prices of electronic goods such as ACs, refrigerators and TVs could rise in the near future.

The coronavirus (COVID-19) outbreak is creating a scarcity of white goods in India. As companies depend on markets like China and South Korea for supply of electronic goods and components, India is witnessing a decline in quantity of goods, which could eventually lead to a rise in prices.

Customers could soon see products like smartphones, TVs, ACs and refrigerators go out of stock or could stare at a 10-15 percent price hike.

In this Moneycontrol special, M Saraswathy explains why the price hike is imminent.

Watch the video for more.

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First Published on Feb 24, 2020 05:27 pm
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