Assuming Rs 10,000 as the price of the base model (190-liter Direct Cool refrigerator) implies a 12–13 percent discount compared to similar products by brands such as LG, Samsung, and Whirlpool, said the report.
Products like IoT-enabled refrigerator with camera in the interiors and fridge will interchangeable doors will be available to customers.
Panel prices are on the rise on one hand, while the zero customs duty on this key component for televisions is set to end.
With the import of colour TV sets restricted, TV sets of 80 inches and above could be missing from stores this festive season. While the DGFT move is aimed at promoting the Make-in-India mission, setting up manufacturing units will be a very lengthy process.
Customers can choose from cash discounts, no-cost EMI, free goods on purchase and cashback offers for purchase of electronic goods.
Television makers want extension till December-end to see them through the festival season; government keen on promoting atmanirbharat vision, ending dependence on foreign suppliers
The brand will launch its range of 7 kg, 8kg and 9kgs category semi-automatic washing machines, with starting price of Rs 7,499. These products are being launched exclusively on Amazon.
DGFT has put import of colour TVs in restricted category. This means that any import needs prior permission from this body.
Brands like LG, Bosch and Voltas Beko are seeing a rise in demand for dishwashers as more Indians cook at home amidst the remote working during the COVID-19 pandemic.
Financial and tax incentives would be provided to a registered entities who agree to set up semiconductor water fabrication units in India.
Polycab has also set up subsidiaries in Australia and United States to expand the international business.
Ramakrishnan, whose last day in the company was June 30, will be taking a sabbatical to pursue his personal interests.
Orient's UV Sanitech is the first such product by a white goods firm for retail customers in India. The product will be available on Flipkart and Amazon from July 18 at a launch price of Rs 7,999.
The televisions come in 43-inch, 55-inch and 65-inch options and will be sold exclusively on Flipkart from June 5 onwards; prices start at Rs 24,999.
Delay in access to electronics and allied component from China due to closer inspection by customs officials in India would mean drying up of product inventory and a possibility of further price increase in appliances.
In this Moneycontrol special, M Saraswathy explains why prices of electronic goods such as ACs, refrigerators and TVs could rise in the near future.
FM said that incentives will be given to consumers when they exchange old goods.
Air-conditioners with a higher 'star' rating are more preferred by the customers
Restricting imports is a part of the government’s five-point strategy to arrest the rupee’s slide.
Digant Haria of Antique Stock Broking says the NBFCs may face challenges for the coming 1-2 quarters. He is confident that the demand for white goods may make a comeback after a couple of quarters.
CLSA in its report called â€˜The demonetisation reset‘ points out that this would lead to large disruptions in the near term but sees long term story attractive. Various broking firms have tried to gauge the impact of short term disruption that sucked cash out from the economy.
Watch the interview of Nipun Singhal, Director of Lloyd Electric & Engineering with Ekta Batra and Nigel D'Souza on CNBC-TV18. He shared his views on the impact of demonetisation on white goods.
It allows purchasing what we cannot afford in the immediate present and converting our 'wants' into 'needs'.
During the quarter, EBITDA is seen up 18 percent at Rs 176 crore versus Rs 150 crore while EBITDA margin may come in at 14.1 percent versus 13.6 percent year-on-year.