Durables industry logs strong growth in Q2
11 August 2010
New Delhi: Consumer Electronics and Appliances Manufacturers Association (CEAMA) today announced an overall industry growth in the second quarter across product categories.
LCD televisions, backed by sporting and festive-season demand, gained major sales from April to June 2010. CEAMA expects LCD TVs to surpass CRT TVs in sales by 2012, while CRTs will have a continued demand from low-penetration areas. AV market is majorly impacted by 3-D LED's and Blu-Ray technologies.
In the second quarter the estimated total no of LCD televisions sold were 0.6 million twice the 0.3 million units in Q2 2009.
In Q2 this year total number of air conditioners units sold were 1.32 million whereas in Q2 2009 industry registered sale of 1.2 million units.
Refrigerators registered a 30 per cent growth with total sales of 1.7 million in Q2, 2010 and in Q2 2009 1.3 million units were sold.
Commenting on the exceptional performance of the Industry, Pradeep Kumar, spokesperson CEAMA, said, "The durable industry has seen a consistent growth. India is a strategic market for all the multinational giants in durable market and they are planning to make huge investment to grab the maximum share.
The durable industry growth is aided by increasing household income, local manufacturing and expanding distribution networks etc."