Cricket WC 2023: Television sales skyrocket, especially for larger screens

Sales of televisions of size 55-inch and above have grown by 2-2.5 times compared to sales registered during the Shraddh period last year

chart
A man watching TV
BS Web Team New Delhi
2 min read Last Updated : Oct 12 2023 | 1:20 PM IST
As cricket teams battle for the most prestigious trophy, the ICC World Cup, the craze of the game is going off the charts despite the traditional reluctance to make purchases during the shraddh period. With the much-anticipated India-Pakistan match around the corner, sales, deliveries, and installations of new television sets, especially with large displays, are reaching new records, a report published in The Times of India (ToI) said.

Brands like Samsung, Xiaomi, LG, and Panasonic have registered "unprecedented bumper sales during the shraddh period", and are having a tough time meeting the "instant installation" demands. Various companies and online TV retailers have already started their "festive sales" before the usual schedule to make the most of the ongoing cricket World Cup. These sellers are now enjoying the benefits of their decision.

Also Read: India GDP: Cricket World Cup economic boost is threatened by taxes

Strong demand for large-screen TVs

As the Indian squad puts in an impressive performance and emerges as one of the main contenders for the cup, the upcoming India-Pakistan clash on Saturday, October 14, is taking the excitement to new heights. Business head at LG India, Gireesan Gopi was cited as saying in the ToI report, "We expect sales on Friday and Saturday to be as high as that on a Dhanteras, especially for the large-screen ones."
 
Gopi added that the sales of televisions of size 55-inch and above have grown by 2-2.5 times compared to the sales registered during the Shraddh period last year.
 
Companies are taking special care of installation services and making sure that the TV is installed the same day it is delivered. Anuj Sharma, chief marketing officer at Xiaomi India said, "People are excited and demand immediate installation since the World Cup is on. We have taken measures to ensure installation happens on the same day." The company has seen its sales grow four-fold more than in a "regular" month. He said that the high-resolution broadcast also appears to have played a key role in the rise in sales.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

Topics :SamsungIndian televisionTelevisioncricket world cupICC Cricket CommitteeICC ODI World Cup 2023BS Web ReportsLG

First Published: Oct 12 2023 | 1:20 PM IST

Next Story