Consumer durable industry witnesses 30% growth

The Indian consumer durable industry is witnessing a growth of 30 per cent owing to increase in summer sales which further lead to highest growth of 50 per cent in sales of refrigerators and air conditioners.

According to a statement from Consumer Electronics and Appliances Manufact-urers Association, (CEAMA), the last quarter also saw phenomenal sales especially of displays which include conventional flat panel disp-lays (PDPs, LCDs and flat screen TVs). The industry also witnessed a 40 per cent growth in home appliances business.