Consumer Durables

Consumer Durables Industry - Overview

Consumer Durable equipment are always on a high in India and there are three reasons ? one : increasing disposable income, two : advancement in technology with new feature keep coming up and the last banks pushing easier EMIs. With technology, the prices are also becoming cheaper and the industry is growing at 15%. Various reports indicate the rising middle class of India which is expected to reach 13 trillion USD by 2030 which makes India matters in global consumer durable market. Around 65% of sales comes from urban market, while rural market is also fast expanding with basic products like refrigerators, TV etc., Also implementation of GST will create a single, unified Indian market and will diminish the multiple layers of indirect taxation.
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Government of India reduces custom duty - decreasing LED TV prices !

Government of India has reduced the basic custom duty on open cell displays used in the manufacturing of LED television panels whereby leading television makers like Samsung, LG, Panasonic and Sony are now likely to roll back the price increase on television sets. The reduced duties on open cell displays of 15.6-inch and above are from 10% to 5%. The government had imposed 10% duty on open cell panels in the last Budget as compared to nil which was earlier. The industry was lobbying against the imposition of this duty and leading players like Samsung and Panasonic had earlier this month increased prices by up to 6% while others like Sony and LG had planned similar hikes for the new models which are rolled out in April.
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    AKG India Pvt Ltd

    AKG develops and produces worldwide innovative coolers and cooling systems that are used in vehicles like trains, buses, cars and agricultural and construction machinery and als

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    Anchor Electricals Ltd

    Over the last five decades, Anchor has managed to capture the attention of every citizen in this country. It started with a humble vision of manufacturing electrical products of

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    Bosch Ltd

    Bosch stepped into India in 1922, when the Illies company setup a sales office at Calcutta. In India, Bosch set up its manufacturing operation in 1953, which has grown over the

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    BPL Ltd

    BPL was established in 1963 by Mr. TPG Nambiar. The company is engaged in the trading of consumer durables and manufacturing of printed circuit boards with an installed capacity

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    Butterfly Gandhimathi Appliances Ltd

    Butterfly Gandhimathi Appliances was incorporated in 1986 to manufacture kitchen appliance under the Butterfly brand. Headquartered in Chennai, the company has a major presence

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    Eveready Industries India Ltd

    Eveready Industries India Ltd belonging to BM Khaitan group is a major player in drycell batteries made of carbon zinc, rechargeable and alkaline. It also makes LED flash ligh

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    Godrej Consumer Products Ltd

    Godrej Consumer Products Limited is the largest home-grown home and personal care company in India. It is major player in the Indian FMCG market, with leading household and pers

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    Haier Appliance India Pvt Ltd

    Haier India is a 100 percent subsidiary of Haier Group, which is one of the fastest growing consumer durables companies in the world. Haier is world?s no. 1 Major Appliances* br

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    Intex Technologies India Ltd

    Intex Technologies is a Mobile Phones, IT Accessories & Electronics Company, headquartered at New Delhi. 'Intex' covers 6 business segments- Computer Peripherals, PC, cell Phone