Appliances industry expects up to 35 percent growth

26 July 2024

Companies like Panasonic, LG, Sony, Samsung, Haier, Godrej Appliances, Voltas, Thomson, and BSH Home Appliances anticipate that this holiday season's sales would outpace those of the previous year and even surpass those of the period prior to the creation of Covid.

Holiday season has arrived. Amazon and Flipkart, two online retailers, have separately announced the Great Indian Festival and Big Billion Days sales. Customers will receive discounts on a variety of goods during the sale, such as smartphones, laptops, home appliances including TVs, refrigerators, and more.

Appliance and consumer durable manufacturers anticipate a sales increase of up to 35% during the holiday season due to rising demand for luxury products.