Price hikes continue mainly because of higher Customs duty on appliances
The trend, experts said, is expected to stay as higher disposable incomes and lower penetration of durable products in India drive diverse players to explore the market
Like others, Sony is also closely watching the situation and will take any decision at an appropriate time
Grey market operators, Singh maintains, can take advantage of the current dual GST rate structure, since TVs above 68 cm continue to be taxed at 28%
Offline stores are unable to attract consumers, while e-tailers clocked sales of Rs 9,000 cr during Sept
JV to set up production plant in India to make products such as refrigerators, washing machines, etc
Titan Company, Symphony and PC Jeweller from the index were up more than 3% each on the BSE.
In past five trading sessions, the S&P BSE Consumer Durable index tanked 13.7% against 4.3% decline in the Sensex.
After two years of mixed to subdued sales, 2016 is turning out a bumper one of sorts for durable makers