TV prices expected to rise due to chip shortage
TV prices in India are set to rise by 3% to 10% from January due to a global chip shortage and a weakening rupee, which has crossed ₹90 to a dollar. This increase may reverse recent demand gains following GST reductions.
after close1 source ↓written by the desknot a recommendation
- starting January
- 3% to 10%
- to a dollar
- ₹90
Television prices in India are projected to increase by 3% to 10% starting January, driven by a global chip shortage and a weakening rupee. The cost of memory chips has surged, impacting LED and smart TV manufacturers. With the rupee surpassing ₹90 to a dollar, import costs are significantly affected, reversing recent demand gains.
Not investment advice. For informational purposes only.