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Consumer Durables record a sharp sales increase
Posted On: 14-10-2009 00:00:00 09

Retail demand for consumer durables has been high with the index of industrial production (IIP) revealing that the consumer durables segment grew by 22.3% as against 3.9% on a year-on-year basis, even as the consumer non-durables category fell to nearly half (3.7%) of what it was last year (7.3%). High-end refrigerators, LCD TVs, laptops, split air-conditioners, washing machines, smart phones and home theatres are in demand as consumers are upgrading products, but there are few takers for CRTs desktops and window ACs. One category that has largely stagnated is music systems with consumers opting for home theatres or for smaller music systems like mp3 players and iPods. Multimedia mobile phones have also contributed to the lack of demand for music systems. Retailers believe that CRTs will phase out in the coming years, while digital products such as laptops and flat-panel televisions will fare exceptionally well.

 
 
 

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