This festive season amid rising inflation, demand for high and mid-range products has boosted sales of consumer durables and everyday use (FMCG) goods. The Consumer Electronics and Appliance Manufacturers Association (CEMA) said in a report that the segment is expected to grow sales by 20 percent in volume terms and over 30 percent in value terms.
Eric Braganza, President of, the Industry Association said, “The high and mid-range products have performed well in the festive season. This segment has seen at least 30 percent growth in volume terms. There has been an increase of 40-50 percent in value terms. Three days were very good for the sales of these categories of products.
Up to 15% drop in entry-level products
Braganza said the demand for entry-level products remained low during this festive season. This has resulted in a 10-15% drop in their sales. "Consumers have bought more expensive products this festive season due to increased spending sentiment," he said. Purchases in the rural market declined, mainly resulting in lower demand for entry-level products.
Demand better than last quarter
Sanjiv Mehta, Managing Director and CEO, of FMCG company Hindustan Unilever Limited (HUL) said, "September quarter sales have been higher as compared to the previous quarter (April-June) of the current financial year. The demand for premium brands has been seen as higher than others in the market.
Expected double-digit growth in sales
Fumiyasu Fujimori, Managing Director, of Panasonic Marketing India, said that consumers want a premium range of devices. Therefore, there was an increase in the sale of expensive products. The company expects double-digit growth in sales of smart ACs, large-screen TVs, and home appliances during the festive season.
In terms of value, the sale of air conditioners (ACs) this festive season has registered a growth of 38 percent.
LED sales grew 10 percent, while 4K TVs grew 34 percent.
During this period, the demand for top-load washing machines was also good, due to which its sales increased by 13 percent.
'I will give you 20 lakh rupees, you will have to kill him...' Big revelation by contract killers on Sonam Raghuvanshi; axe was ordered online
In the case of Raja Raghuvanshi and Sonam Raghuvanshi, who went to Meghalaya from Indore for a honeymoon, big revelations are being made one after the other. Raja's wife Sonam was behind his murder
Saved the criminals of Morbi: The one who used the bridge as his property, not even his name in the FIR; guard-labourer arrested
The death toll has risen to 141 after the Machhu river cable bridge collapsed in Morbi, Gujarat. Among them are more than 50 children. Amidst these frightening figures of death, the game of saving
RBI: Ashima Goyal, a member of RBI's Monetary Policy Committee, said- Avoid taking strict steps in the budget
There is a need for more transparency in the budget to be presented next year. Whatever may be the need for finance for any new scheme in the present and future, their source should be known.
Measles in Maharashtra: Increasing cases of measles are frightening in Maharashtra, 717 cases so far, and 10 children died in Mumbai
Measles disease is increasing among children in Maharashtra. According to the state health department, 717 cases have been received since the beginning of this year. Of these, 303 cases have been
Monsoon Updates: North India is in bad condition due to intense heat, when will it rain in Delhi, UP, and Bihar? Read the new update of IMD
The scorching heat in North India has made life difficult for people. At the same time, the Meteorological Department has warned that there is going to be tremendous heat in North India for the next 5
A female spy came from China to monitor Dalai Lama!: Roaming in Bodh Gaya as a monk, police, and security agencies are searching by issuing sketches
With the arrival of the Dalai Lama in Bodhgaya, the land of knowledge of Lord Buddha, a woman from China has stepped in. He is suspicious. Why and how is that woman suspicious? The answer to this
'The US rebuked Canada for India': America rejected the claim, said- we are in touch with both the countries
The White House has rejected a claim made between India and Canada. It was claimed that America had reprimanded Canada for alleging India's involvement in the Najjar massacre. Which has now been
US Firing: More than 100 teenagers were having a house party in Georgia, 2 were killed in sudden firing; 6 others injured
Two teenagers were killed in a shooting in Douglasville, Georgia. There are reports of other 6 injured in the incident.
World Economic Forum: World leaders will gather at Davos conference today, India will have an important participation
The conference of global leaders will start today i.e. Monday in Davos, a city with snowy plains in Switzerland. In this, thousands of delegates, including about a hundred members from India, will
Pakistan's PM-ministers will not take salary: Shahbaz Sharif said- Pay the bills of electricity, water and gas yourself; silence on the mighty army
With foreign reserves (deposits) of only $ 3 billion, the last attempt to save Pakistan, which is on the verge of bankruptcy, has begun. Prime Minister Shahbaz Sharif made important announcements
