Samsung, LG, Vivo, others brace for sale crash as lockdowns dwindle demand
Many companies, including giants like Apple and Samsung, even export their electronic parts and products out of India. At current production capacity, they can only cater to demand from global markets
BusinessToday.In | May 20, 2021 | Updated 12:47 IST
Though the Centre has refrained from imposing nationwide lockdown like last year, state-wise lockdown curbs have hurt businesses hard
Big electronic brands in India are bearing the brunt of the second Covid-19 wave as lockdowns and curbs around online selling of non-essential products in most states lead to a crash in sales. As India struggles against the wrath of Covid-19 wave, most top electronic companies such as LG, Panasonic, Carrier Midea, Vivo, Oppo, Haier and Godrej have either shut their plants or have cut down on production significantly.