Business »  Topic »  Growth slowdown: TVs sales plummet 10-20 percent despite discounts

Growth slowdown: TVs sales plummet 10-20 percent despite discounts


Highlights:
- Heavy monsoon rains and flooding in several states have also hurt sales of TV sets
- Sales drop comes at a time when manufacturers from auto to FMCG have witnessed a slump in demand

-------------------------------------------------

Despite discounts, Indians are deferring purchases of new television sets, sending sales of leading brands down by 10-20 percent from a year ago.

The local arm of Japanese electronics firm Panasonic said TV sales were down by at least 20 percent in value and 15 percent in volume in the April-June quarter.

Heavy monsoon rains and flooding in several states have also hurt sales. Electronics retailer ...


Read the full text moneycontrol