Panasonic and LG India closely observing the market dynamics and reviewing pricing aspects after excise cut
Consumer sturdy companies Panasonic and LG India on Mon aforementioned they’re assessing the impact of excise cut on capital product and reviewing true before selecting passing the advantages to the buyer.
“Post the budget announcement relating to excise cut, we tend to square measure closely observant the market dynamics and reviewing numerous aspects relating to rating,” LG India manager before long Kwon aforementioned during a statement.
Terming the interim budget as a positive step, Kwon aforementioned it’d facilitate to enhance the market conditions and can boost the producing sector.
“This can generate a positive shopper sentiment and encourage new patrons within the shopper sturdy sector,” he added.
Earlier on Mon, government minister P Chidambaram planned reducing excise duty on capital product from 12 % to 10 %.
“As so much as costs square measure involved, we tend to square measure within the method of learning and assessing the impact. This 2 % cut in excise could be a welcome modification although it’s probably to possess diminutive impact on costs,” Panasonic India manager Manish Sharma aforementioned.
The reduction in excise duty can facilitate stabilise and supply growth opportunities to the trade that has been witnessing a slump for a few time currently, he added.
Last week, Panasonic India introduced 2 options phones for the country, particularly the EZ180 and EZ240, priced at Rs. 1,350 and Rs. 1,790 severally.
LG on the opposite hand, on Mon introduced 3 new budget robot smartphones, in its new L Series III vary. The devices, namely L90, L70 and L40, square measure scheduled to be unveiled at MWC 2014.