Haier

Declining demand may lead to layoffs, say TV manufacturers

Government’s initiatives to fuel growth in local television manufacturing in India is posing challenges for home-grown manufacturers. The rising input cost has resulted in about a 40 per cent price hike in 32 inch and 40 inch LED TVs as compared to last year, resulting in a about 20 per cent downfall in terms of the demand for televisions. Business Today

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