With the global demand for display panels and rising prices, major TV manufacturers may raise prices.
TV prices may rise as major manufacturers are considering raising prices by up to 20% to pass on panel costs that have increased due to the global demand supply gap.
While Panasonic has raised the price of the TV set, LG and Sony are monitoring the situation as panel prices have risen by 35% as Chinese manufacturers raise prices, other suppliers in South Korea and Taiwan have stopped making small screens for TV sets.
"The lack of display supply has led us to review our price and we will increase the price of Panasonic TV on screen size by 15 to 20 cents, Panasonic India supervisor said
Sales and Service.
"We expect Indian customers to upgrade to a larger screen size faster now as the current price increase will shrink by 32-inch and 40-
Inches to Rs 4,000 compared to the previous Rs 6,000.
CM Singh, chief operating officer of Videocon, said 32-
The inch panel rises the most, followed by 40-inches.
"In fact, the shortage may deteriorate further in October and panel prices may rise by another 18-
20%, "said Singh.
He went on to explain the reason, "for smaller screens, there are only a few players now (
Supply panel).
In addition to Apple's increasing demand, many players are coming out of the smaller screen.
He added: "In India, the consumption of small screens is 70 to 75, and 32 inch TV sets account for about the total sales.
However, market leaders such as Sony and LG are watching the situation closely and may make a decision after the Diwali.
"According to our early planning, we do not intend to raise prices during the festival.
"We will monitor the situation closely and review the situation after the lights festival," said Satish Padmanabhan, head of sales at Sony India . ".
"LG has always believed in providing the best value to consumers and we are keeping a close eye on the situation," a LG spokesman said . ".
Manish Sharma, chairman of the consumer electronics and electrical appliance manufacturers association, said India is a big market for 32 inch and 40 42 inch LED TVs, with sales of almost 3 units in the former.
3 million units, the latter sold nearly one.
1 million units in 2015.
Every player, he says, is carefully evaluating the price of the hike or the decision to absorb it.