The consumer durable industry in the last few years has become an exceptionally competitive sector and is making the trade environment particularly tough.
Since the imported commodity price for consumer electronics products is anticipated to increase in 2021, it will further propel the trend of manufacturing domestically.
Some other common reasons can be that they are either sent back by customers because they did not like due to some reason or were simply sold on by their previous owner.
With more and more consumers drifting towards the digital mode of shopping, the trend has uplifted a lot of such high prevalent retail segments. CDIT, too, is touted to witness a reconnoitre boom in 2016.
Market trackers and retailers expect the brand to grow as Reliance Jio Infocomm approaches the commercial launch of its 4G services, widely expected to be in December.
According to survey by shopclues.com, as many as two-thirds of the buyers in cities like Hisar and Nashik are ready to pay upfront for mobiles, tablets and laptops.
According to sources, the Indian electronics and hardware industry is predicted to grow at a compound annual growth rate (CAGR) of 13-16 percent to reach $112-130 billion by 2018.
Several Chinese phone companies have once again bounced back and Micromax along with other Indian smartphone makers are supposed to see a hard-hitting melee in the coming time.
Citing the increasing pollution levels in the country, Eureka Forbes, expects its air purifier business to grow four times and do business worth 250 cr in the coming 3-4 years.
The company has informed its trading partners and dealers in India about its decision to shut down operations and has halted importing of good from past one month.
Japanese technology giant Toshiba said that it now aims to more than double its share to 15 percent in the multi-function printer (MFP) market in India.