Smartphone Sales: Notably, large-format retailers too are capitalising on after-market servicing, with up to 30-35% of their total gross profit coming from this segment, according to staffing firm Teamlease.
"Established industry players are increasingly embracing apprenticeship initiatives aimed at cultivating a skilled workforce. These programmes offer courses such as service engineer IT hardware, repair technician, wireman control panel electronics, and electronics mechanic, targeting students who have completed 8th or 10th grade for entry into the field," he added.
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Car Prices: Prices of discretionary products like cars, TVs, and phones are firming up as manufacturers raise prices due to commodity costs and forex movement. Car and electronics manufacturers are increasing prices of vehicles and smartphones, while television brands are hiking prices due to rising panel costs. Despite the price hikes, companies do not anticipate a major impact on consumer demand.
Prices of discretionary products like cars, TVs, phones have started to firm up due to commodity costs, adverse forex movement, and inflationary environment. Car manufacturers and electronics brands are raising prices to offset the impact.