Appliances Gets Cheaper By 7-10 percent After GST Rate Cut

- Advertisement -

The GST rate cut has come into play from July 27 due to which many electrical appliances have become cheaper on pockets. Many consumer durable firms have slashed the prices of the products from 28 per cent to 18 per cent. Refrigerators, televisions, food processors and washing machines will be at least 7-10 per cent cheaper starting July 28. The GST council decided to slash rates of many products in the white goods category on 21st July.

Image for representation purpose only

Television sets upto 27 inches, washing machines, geysers, microwave ovens, vacuum cleaners, refrigerators, food processors and the lithium-ion batteries in mobile phones will get cheaper.

Kamal Nandi, Business Head and EVP, Godrej Appliances said, “the prices of the refrigerators, washing machines, microwave ovens and chest freezers will be reduced by 10 percent due to GST reduction. This will provide a boost to sales ahead of the upcoming festive season, that will help Godrej Appliances surpass the target of 20 percent growth over the previous year.”

- Advertisement -

Vijay Babu, Business Head Refrigerators, LG Electronics India said, “As a market leader that keeps customers at the centre of its operations, LG confirms that they will pass on 100 percent GST reduction benefit to the customers with effect from July 27.”

Rajeev Bhutani, Senior Vice President, Consumer Electronics, Samsung India said, “this price cut will fuel the demand for consumer electronics products now and in the ensuing festival season.”

Finance Minister, Arun Jaitley informed in a blog post that the 28 percent category is phased out. He also told that in the upcoming meetings, the GST Council will look to reduce rates of products like air-conditioners as well as high-end LED TV sets.

- Advertisement -

Related Artcles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Buzz

Global Automotive Industry Engages One Million Robots: Report

0
A new robot density record has been set in the car industry, with the Republic of Korea leading the world in the number of...

Würth Elektronik Subsidiary Opens in Baltics

0
Numerous manufacturers in fields like wireless tech, fleet management systems, power electronics for lasers, and building automation are present in Lithuania In the latest update...

Anritsu, Aalborg University To Research Together on 6G

0
Anritsu's Vector Network Analyzers and antenna and measurement systems technology from Aalborg University will enable the research Anritsu Corporation recently announced the extension of its...

Exclusive

Global Automotive Industry Engages One Million Robots: Report

0
A new robot density record has been set in the car industry, with the Republic of Korea leading the world in the number of...

BlackBerry Launches IoT Division In Hyderabad

0
The company said this would be its second-largest Internet of Things (IoT) division after its Canada headquarters. The company aims to employ around 100 software...

Automotive IoT Market To Reach $566.42 Bn in a Decade

0
Advancements in in-vehicle infotainment systems and increasing demand for connected cars and real-time vehicle and traffic data are the major driving forces for this...

Important Sectors

Global Automotive Industry Engages One Million Robots: Report

0
A new robot density record has been set in the car industry, with the Republic of Korea leading the world in the number of...

Anritsu, Aalborg University To Research Together on 6G

0
Anritsu's Vector Network Analyzers and antenna and measurement systems technology from Aalborg University will enable the research Anritsu Corporation recently announced the extension of its...

BlackBerry Launches IoT Division In Hyderabad

0
The company said this would be its second-largest Internet of Things (IoT) division after its Canada headquarters. The company aims to employ around 100 software...

Automotive IoT Market To Reach $566.42 Bn in a Decade

0
Advancements in in-vehicle infotainment systems and increasing demand for connected cars and real-time vehicle and traffic data are the major driving forces for this...

AI-based Medical Assistant Mediktor Joins Hands With Kore.ai

0
The partners aim to use natural language processing and machine learning to uncover meaningful insights from unstructured medical text and enhance treatment efficacy Leading enterprise...

Manufacturing

MeitY Task Force For Making India a Product Developer & Manufacturer

0
As industry players look for alternatives to China and Vietnam, India aims to grab the chance to become a smartphone manufacturing hub In a recent...

GoI Approves Electronics Manufacturing Cluster In Karnataka’s Hubli-Dharwad

0
Nine companies have already committed Rs 340 crore of investments at this EMC, which has a strategic locational advantage  In the latest update from PIB,...

Optiemus Joins Primebook To Manufacture Made-in-India 4G Laptop

0
OEL aims to strengthen its capabilities with further expansion into other categories of consumer electronics A leading Indian electronics manufacturing company, Optiemus recently announced that...

Foxconn Bags AirPod Order, Will Manufacture In Telangana

0
Foxconn will reportedly invest more than $200 million in the new AirPod plant in Telangana and will start manufacturing in the second half of...

Hexagon, Altium Partner For Sustainability In The Electronics Industry

0
The partners are working on cloud-based digital reality solutions to contribute to a more environmentally sustainable design and manufacturing of electronics The developments are...