Seeks to ramp up manufacturing to meet surging demand, avoid supply crunch as seen last year
Smart TVs, like the company's phones, will be 100 per cent locally manufactured in India: CEO
India saw a record shipment of 4.9 crore smartphones in the third quarter of 2019, driven by new launches, discounts and various pre-Diwali sales channels
The move will help television manufacturers cut prices by up to 3.5%
The panel makers further said the exit of India from ICC World Cup also led to a decline in panel sales
Interestingly, the sales spurt has not been restricted to just the metros, as smaller cities such as Hubli, Jabalpur, Raipur, Ranchi, Kochi and Nagpur too have posted robust numbers