Premium appliance demand rises this Deepavali
In short
Haier, LG Electronics India and Godrej said premium appliance sales are rising this Deepavali season.
They expect double-digit value growth by the end of the season, helped by attractive financing. That matters for appliance makers selling higher-end products.
What the reporting says
Executives at Haier, LG Electronics India and Godrej said premium consumer appliance demand is driving sales this Deepavali season. They reported double-digit value growth expected by season’s end, supported by attractive financing. The trend suggests stronger festive buying in the higher-end appliance market.
Why it matters
Executives from Haier, LG Electronics India and Godrej said premium consumer appliance demand is supporting sales this Deepavali season. They expect double-digit value growth by season’s end, with attractive financing helping purchases. The report points to stronger festive demand for higher-end appliances and a better sales outlook for the named companies.