Coronavirus outbreak: Consumer durables firms stare at uncertain future

If 2019 had been the year of hope for makers of consumer electronics and appliances in the country, the current year has so far turned the tide. From rising taxation to disruption in supply and demand, several factors have affected their fortunes.

With the coronavirus pandemic now spreading its tentacles across the country, manufacturers are now staring at an uncertain future.

As people stay away from public places, demand for large appliances like air conditioners (ACs) and refrigerators are set to take a hit in the next few weeks. Traditionally, sale of ACs and refrigerators begin by February, with the