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SPPL CEO Avneet Singh Marwah Discusses Optimal Time to Buy TVs
Sentiment: NeutralHigh Priority
What Happened?
Avneet Singh Marwah, CEO of Super Plastronics Pvt. Ltd., believes that despite a decline in India's smart TV shipments, the festive season could boost demand. He attributes the slowdown to consumer sentiment rather than a fundamental market change.
Key points
- India's smart TV market has seen a decline in shipments this year.
- Marwah emphasizes that the slowdown is due to consumer sentiment, not a fundamental market change.
- He predicts a spike in demand during the festive season as consumers anticipate price increases.
- Rising memory prices globally have increased the cost of electronics, including TVs.
- Marwah warns that brands with thin margins may struggle to absorb rising costs.
- Local manufacturing helps SPPL remain competitive despite rising costs.
Key insights
- The expected price increase could lead consumers to purchase TVs sooner rather than later.
- Brands that previously focused on market share over profits may face challenges in the current environment.
- Local manufacturing may provide a competitive edge amid rising global costs.
Why it matters
Understanding market dynamics can help consumers make informed purchasing decisions during the festive season.
Tags
Entities
Avneet Singh Marwah· PersonSuper Plastronics Pvt. Ltd.· CompanyIndia· Country
Source
Times Now
