From the next financial year, no TV PriceCan be seen in the increase. Now it is being said that 1 April From 2021, the price of TV can increase up to Rs 3,000. In that case, if you are also thinking of buying a cheap TV, only March is left for you.
At the same time, TV prices have risen 300% in the last eight months, leading to a net increase of about 3000-4000 per unit. At the same time, due to declining supply from global vendors, the price of TV panels (open cells) has steadily increased and their prices have more than doubled. Apart from this, the price of TVs has also gone up due to increase in customs duty, increase in the price of input materials like copper-aluminum-steel and increase in rent.
There will be a boom in the television manufacturing sector
Because of this, local TV producers are constantly appealing to the government to make TVs under the Production Linked Promotion (PLI) scheme. At the same time, TV has a large share in the consumer electronics market. TV accounts for about 85% of the market. However, industry experts predict that there will be a boom in television production, including global brands from around the world. At the same time, the global brand will now partner with local manufacturers.
Avneet Singh Marwah, CEO of Super Plastronics Pvt Ltd, says some Chinese and Taiwanese companies are currently controlling the flat-panel market and this could lead to higher prices, hurting their costs. He said that the government has not taken any action against PLI. TV manufacturing under the scheme should be seriously evaluated as it would make the Indian TV industry more competitive on the global stage and help in delivering the cost benefit directly to the consumer.
He said the government’s ban on TV imports last year had helped boost the domestic industry. Similarly, the PLI scheme for the TV sector will benefit both locally by expanding manufacturing and generating more employment. If the government fails to do so, the price per unit of TV could go up to at least Rs 2,000-3,000 from April 1, 2021.