merits of consumer durable industry in India
Answers
Answer:
hello dear,
Explanation:
The reduction in excise duty on LED lamps to 6 per cent and the complete exemption on customs duty for the coating chemical used in production of compact fluorescent lamps may benefit players such as Bajaj Electricals, Havells and Eveready Industries. The cost saving here is most likely to be passed on to the consumer.
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Answer:
The two percentage point increase in excise duty across the board may put the big-ticket home appliance makers in trouble. Small-appliance makers may however survive it.
Air-conditioners, refrigerators and washing machines have been witnessing a lacklustre demand; the Decemeber-2011 quarter sales numbers of players such as Whirlpool, Voltas and Hitachi Home Appliances, stand a testimony here. An increase in end-product prices at this juncture may only dampen consumer sentiments further and hit sales for these companies.