The Videocon group has suffered 8.6 per cent drop in colour television sales in value terms in January-May this year, even though the volume grew by 6 per cent,these figures were given by market research agency A C Nielsen. | |
| The group has clinched two high-decibel acquisitions in recent weeks. |
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| The news on refrigerators front is not good either. The sale of Videocon refrigerators declined 20.2 per cent in volume and 21 per cent in value. |
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| In washing machines, where the company is the third largest player with a 13.2 share of the market, it witnessed a decline of 3.4 per cent in volume and 3.7 in value. |
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| However Videocon chairman Venugopal Dhoot questioned the figures, saying: "The bulk of our sales comes from rural India and the AC Neilsen survey does not cover the region. It covers the metros and other big cities. Hence I do not agree with the figures." |
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| Electrolux, which managed to sell a 130,100 refrigerators, suffered a decline of 35 per cent in volume and 32 per cent in value terms. |
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| Thomson too fared poorly in the colour television category, accounting for 9,300 sets in the total market of 28,45,400 during the period under review, giving it a 0.3 per cent share of the market. |
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| Thomson saw an 86.7 per cent decline in volume and a 88.4 per cent dip in value terms for the first five months of this year. |
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| Sony however appears to have staged a turnaround in colour televisions for the month ending May. The Japanese giant improved its volume by 63 per cent. |
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