The Hindu Business Line : Big relief, say consumer durables sector chiefs

New Delhi, Dec. 7 “The measures announced by the Government have come as a relief to the credit-squeezed (consumer durables) industry, which has been under pressure due to high input costs in the first half and a 30 per cent rise in rupee in the second half.

The package to boost exports will ease pressure on bottom line to some extent. The four per cent cut in CST will also make white goods cheaper in my opinion. Though, it is premature to comment on price cut, we will be looking into it shortly,” Mr Ravinder Zutshi, Deputy Managing Director Samsung India, said.

Mr Pranay Dhabhai

According to Mr Pranay Dhabhai, Chief Operating officer, Haier India, “The fiscal incentives will boost sagging consumer demand. As for CST cut, we would in principle pass on the benefit to the consumers. Certain categories will witness a boom in demand.”

Mr V. Ramachandran

Mr V. Ramachandran, Vice-President, Sales and Marketing, LG Electronics, said, “The package has given a relief to the stressed out industry which has been reeling under high input costs.

“The economy will continue to need stimulus in 2009-10. We have not seen the finer print of the package but would like to pass on the benefit to the consumers.”

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