Electronic Products Price Down in Festival Season: It is expected to get relief from inflation during Diwali. Due to increase in demand for electric products, there can be a big drop in the prices of electric goods like mobiles, TVs, laptops and other products.
During the festival season, huge discounts can be given by companies to increase the demand for electronic products. Due to the high value, the demand for electronic products is sluggish for the last 12 months. In such a situation, companies are sure that with the increase in demand, there will be an increase in profit.
Why prices may come down
Since Kovid, there has been a huge reduction in the cost of transporting TV, mobile and computer equipment to factories, which was at a record high level during Kovid. Now it has reduced to less. Freight from China during Covid was $8,000. ET told that now it has fallen to $ 850-1,000.
The price of semiconductor chips decreased
The prices of semiconductor chips have come down from the record level of Kovid. According to industry officials, the prices of electronic components have come down by 60-80 per cent. According to experts, there has been a decline in the cost of freight at the global level, while in some countries there has been a slight decline due to the recession. Although some industry executives say that the cost of freight is 4 to 5 percent higher, but this increase is due to weak demand.
raw material prices stable
Economic Times Havells India Chairman Anil Rai Gupta says that the prices of raw materials have remained stable for some time, due to which it is expected that this time there can be profit.
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