consumer durables
Retailers still cautious about festive season hiring
Retail stores usually hire more hands for in-store promotions and installations during the festive season
Consumer durables report steady growth in 2019; slowdown a threat in 2020
The consumer durables sector, estimated to be around Rs 76,400 crore in FY'19, logged a growth rate of about 10 per cent.
Consumer durable manufacturers look forward to festive season for sales revival
Manufacturers expect factors like good monsoon and recent stimulus measures by the government will have positive impact on sales.
Industrial production growth slows to 4-month low of 2 per cent in June
Factory output, as measured by the Index of Industrial Production (IIP), had expanded by 7 per cent in June 2018.
Imports of consumer durables soar in FY19
FTAs helping imports even as India’s exports come down.
Consumer durables may also face slowdown heat
As per Equirus Capital pricing may come under pressure due to rising competition as MNCs’ targeting market share gains.
Usha International toying with franchisee model
Now organised retail account for Rs 300 crore sales out of Rs 3,000 crore topline of the company.
E-commerce discounts hit offline sales of consumer durables
E-commerce platforms account for just 5 to 10 per cent of the entire consumer durable sales.
IIP grows at 6.6 pc in July as manufacturing, capital goods shine
The IIP growth for June was also revised downwards to 6.8 per cent from the provisional estimate of 7 per cent.
Godrej Appliances slashes prices by 10 pc after GST rate cut
These products were earlier placed under the 28 per cent tax slab, which was recently reduced to 18 per cent.