AC, TV dealers see spike in sales on day one as lower GST rate takes effect
New Delhi, September 22 (PTI) Lower GST rates entered into force on Monday, air conditioning sales, TV sets, Navratra Festival at the beginning of the retailers offered by the recovers in a hurry to capture the cheaper opportunities increased significantly.
Neighborhood Kiana stores also witnessed a modest increase in foodstuffs as well as daily basic sales.
The new two plates of 5 percent and 18 percent of the GST (goods and service tax) structure replaced the GST Council after the extensive reform of the GST Council, which aims to increase the country -wide consumption.
This led to the price cuts of most common products, from foods, bath materials and cosmetics to white goods such as TV and air conditioning from Monday to white goods, which also coincided with the beginning of the nine -day Navratra Festival.
Home device segment dealers, 28 percent from 28 percent to 18 percent of the room air condition (RAC) is almost twice the sale of the first day, he said.
“Primary regular sales tendencies are encouraging. Until 5 pm, our dealers reported almost twice the other Monday,” Haier told NS Satish PTI. He said.
However, on Monday, a week, he added that the purchases are expected after working hours. The company began to make preliminary reservations even before the presented of revised GST rates.
Blue Stars General Manager B Thiagarajan: “According to investigations, I think the mood is optimistic.”
“Rude estimate will be around 20 percent of growth compared to September last year. The big sale of e-commerce players starts today and will be watched by many consumers before deciding to buy prices. Many of our dealers have purchased machines under the feelings of ‘Shub Aarambh- New Muhoort’.” He said.
Avneet Singh Marwah, CEO of Super Plastronics Pvt Ltd (SPPL), a TV manufacturing company with licenses of various global brands such as Thomson, Kodak, Blaupunkt, said that sales increased by 30 to 35 percent on the first day of GST 2.0. The company sells TV through the e-commerce platform Flipkart.
“Sales of TV sets with a 43 -inch screen size and 55 -inch with a decrease in GST Levy have a growth of 30 to 35 percent.” He said.
In some shops of daily basic and foodstuffs, the confusion in revised MRPs continued, and people were discussing low prices with tradesmen.
A few companies have not yet collected the data of their sales on the first day and will make one last update on Tuesday.
Until Monday, the sales of household appliances almost stopped as buyers began to delay purchases waiting for the application date of the country.
Device manufacturers and dealers, who are the first response, are waiting for a high -digit sales growth spreading from Navratra to Diwali during this festival season.
Sales in this period generally contribute to one third of the total annual sales value among categories.
Since FMCG companies reduced prices to the consumer, the daily required daily and the price of food products fell on Monday.
Companies operating in the field of fast -moving consumer goods have encountered revised MRPs (maximum retail prices), including soap, shampoo, diaper, toothpaste, razor and post -shaving lotions of their products.
