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India cuts GST on ACs and big TVs to 18%, lowering prices and boosting sales ahead of festivals.
India's proposed GST reduction on air conditioners and large TVs from 28% to 18% is expected to lower prices by Rs 1,500 to Rs 2,500, boosting demand ahead of the festive season.
Industry leaders say the move could increase market penetration, especially for energy-efficient models, with sales growth potential of up to 20%.
Retailers report strong early demand after the new two-slab GST structure took effect, with air conditioner and large TV sales surging.
However, uncertainty and unseasonal weather have delayed some purchases, and confusion over pricing persists at retail levels.
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India reduce el GST en aire acondicionado y grandes televisores al 18%, reduciendo los precios y aumentando las ventas antes de los festivales.