TVs Are Getting More Expensive in India and This Is the Reason Why
Xiaomi increased its TV prices by over 11 percent in the last couple of months, while Realme silently hiked its TVs by up to over 15 percent.
By Jagmeet Singh | Updated: 4 February 2021 14:27 IST
Photo Credit: Xiaomi
Highlights
The government also reimposed custom duty on open-cell panels
Local manufacturing may help reduce cost to some extent
TV prices in India have increased by around 10 percent or more across all segments and brands, as per market data reviewed on Gadgets 360. Although TV sales, particularly in the fast-growing Smart TV segment, have been rising during the coronavirus-related lockdowns, this might face obstacles now. Young companies including Xiaomi, OnePlus, and Realme, as well as established players such as Samsung and LG, all have seen price hikes on their televisions, and this is bound to affect customers who were planning to make a switch.