Smartphone prices in the country may increase by 5-7 percent by October-December. The continuous depreciation of the rupee against the dollar is affecting the demand. Due to this, the shipment of smartphones this year may also decrease.
According to industry executives, smartphone brands are largely bearing the increased cost of imported components to fuel the festive season demand. Now they want to pass on this cost to the customers. With this, the average price of the smartphone can go up to Rs 20,000 in the fourth quarter of the current financial year, which was Rs 17,000 in April-June. Officials of the mobile phone company say that the depreciation of the rupee will have an impact on the cost.
The budget smartphone will have the biggest impact
An official said fluctuations in the rupee have a major impact on the bill of materials. Smartphones made in the country are still dependent on components coming from abroad. This will affect most budget smartphones. After the festive season, this will directly affect the customers. The increase in prices may also affect sales every year. The rupee had weakened to 82.86 against the dollar on October 9.
Palm oil: Government may increase import duty
The central government may increase the duty on the import of palm oil. According to information received from government sources and businessmen, India, the world's largest importer of vegetable oil, may take this step as part of efforts to help farmers struggling with low oilseed prices.
"We are looking at bringing back duty on crude palm oil and increasing duty on RBD," a government source said. Earlier this year, India abolished the basic import duty on crude palm oil (CPO) to control prices. BV Mehta, executive director of the Solvent Extractors Association, said duty on the import of CPOs and RBDs should be increased by at least 10 percent. The difference in fee between RBD and CPO should be 12-13 percent.
11 people died in the explosion in a firecracker factory in the Harda district of Madhya Pradesh,
North Korea has again fired two ballistic missiles into the East Sea. South Korea's Defense Minis
It has been 17 years since Taarak Mehta Ka Ooltah Chashmah, but even today this comedy show is nu
The Vivo X90 5G series was launched on 22 November 2022 in China. In this series, three smartphon
ISRO was a big success today. The testing of ISRO's reusable launch vehicle technology has been
Today i.e. 25 April 2023, on Tuesday, the doors of Kedarnath Dham have been opened. As soon as th
Akshay Kumar recently talked about his citizenship in an interview during the promotion of his up
India's star fast bowler Mohammed Shami and his wife, Hasin Jahan, are in the news these days. Th
The 38th match of the World Cup 2023 between Bangladesh and Sri Lanka on Monday was full of contr
'Bangalore Days' is a Malayalam film released nine years ago starring actors like Dulquer Salmaan
