Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

Report: India's Excise Duty Increase May Hurt Major Appliance OEMs; Less Impact on Small Appliance Makers
Mar 19, 2012
 Printable format
 Email this Article
 Search

India's budget intends to up excise duties by 2%, and a report in The Hindu Business Line said that may spell trouble for Indian appliance makers.

The report by Rajalakshmi Sivam said slow demand for major appliances has already hurt OEMs such as Voltas, Whirlpool India, and Hitachi. Further price increases in majors has the potential to further depress consumer sentiment and further slow appliance sales. Instead of raising end product process, major appliance producers may instead chose to absorb the increased cost, which would, naturally, undercut earnings.

The article noted that small appliance makers have seen strong demand for their products, which may allow them to pass along the excise duty increase to consumers without seriously impacting sales.

Back to Daily News

 

Daily News

...........................................................

Apr 23, 2014: Dacor Launches First North American Cooktop with Touch Control

Apr 23, 2014: Existing-Home Sales Show Slight March Decrease

Apr 23, 2014: CEA: Consumer Sentiment Down in April

Apr 22, 2014: Final Rule Establishes Refrigerator Testing

Apr 22, 2014: A Third of Homes Worldwide Could Have Networks by 2018

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

March 2014: Market Research - 62nd Annual U.S. Appliance Industry Forecast
February 2014: Appliance Magazine Market Insight: December 2013
January 2014: Market Research - Appliance Historical Statistical Review: 1954-2012
January 2014: Appliance Magazine Market Insight: November 2013




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Pharmalive | Plastics Today | Powder Bulk Solids | Canon Trade Shows