Drag this icon into taskbar to pin this page
Drag this icon into taskbar to pin this page
Close
Close
Close
Close
Pakistan Matters
15/07/2009

Budget impact: Consumer durable firms reduce prices

New Delhi: Less than a day after Finance Minister Pranab Mukherjee announced cuts in excise and customs duties, some consumer durables firms agreed to pass on the full benefit to customers.

New Delhi: Less than a day after Finance Minister Pranab Mukherjee announced cuts in excise and customs duties, some consumer durables firms agreed to pass on the full benefit to customers.

The customs duty on LCD panels has been halved to 5 per cent from 10 per cent.

Samsung Electronics has decied to cut the prices of its large format display (LFD) monitors between Rs 1,200 and Rs 3,500. “The Samsung 32-inch LFD monitors will get cheaper by Rs 1,200, the 40-inch LFD monitor by Rs 2,000 and the 46-inch LFD will cost about Rs 3,500 less,” said a Samsung India spokesperson.

The company is also considering revising the prices of LCD TVs. A Samsung 32-inch LCD TV costs about Rs 38,000, with prices touching Rs 2.85 lakh for 52-inch models. The company spokesperson reasoned, “Since Samsung is running a promotion on its LCD TVs where an Airtel set-top box is bundled along with the panel, we will not be reducing the prices in the month of July.” Globally, LCD TV, monitor and notebook panel prices had increased significantly on tight supply, with suppliers aiming at profits for the third quarter of 2009, according to a report from DisplaySearch.

LG, which had around 23 per cent of the LCD TV market in India last year, had hiked its LCD panel prices on July 1. An LG India spokesperson said: “We had raised the LCD panel pricing by 5 per cent on July 1, due to a steady rise in global LCD panel supply. But with the Budget reducing the customs duty by half, we intend to scale back the earlier price hike.”

An unresolved panel shortage, primarily the result of insufficient supply of glass substrates, is forcing the world’s major panel makers to raise prices more aggressively, as they hoped to end several quarter losses in the July-to-September period.

Source: Business Standard

Ford, Honda cut car prices by up to Rs 6,000

For more MSN India updates, join us on Facebook or follow us on TwitterFacebookTwitter
15/07/2009

Budget impact: Consumer durable firms reduce prices

New Delhi: Less than a day after Finance Minister Pranab Mukherjee announced cuts in excise and customs duties, some consumer durables firms agreed to pass on the full benefit to customers.

New Delhi: Less than a day after Finance Minister Pranab Mukherjee announced cuts in excise and customs duties, some consumer durables firms agreed to pass on the full benefit to customers.

The customs duty on LCD panels has been halved to 5 per cent from 10 per cent.

Samsung Electronics has decied to cut the prices of its large format display (LFD) monitors between Rs 1,200 and Rs 3,500. “The Samsung 32-inch LFD monitors will get cheaper by Rs 1,200, the 40-inch LFD monitor by Rs 2,000 and the 46-inch LFD will cost about Rs 3,500 less,” said a Samsung India spokesperson.

The company is also considering revising the prices of LCD TVs. A Samsung 32-inch LCD TV costs about Rs 38,000, with prices touching Rs 2.85 lakh for 52-inch models. The company spokesperson reasoned, “Since Samsung is running a promotion on its LCD TVs where an Airtel set-top box is bundled along with the panel, we will not be reducing the prices in the month of July.” Globally, LCD TV, monitor and notebook panel prices had increased significantly on tight supply, with suppliers aiming at profits for the third quarter of 2009, according to a report from DisplaySearch.

LG, which had around 23 per cent of the LCD TV market in India last year, had hiked its LCD panel prices on July 1. An LG India spokesperson said: “We had raised the LCD panel pricing by 5 per cent on July 1, due to a steady rise in global LCD panel supply. But with the Budget reducing the customs duty by half, we intend to scale back the earlier price hike.”

An unresolved panel shortage, primarily the result of insufficient supply of glass substrates, is forcing the world’s major panel makers to raise prices more aggressively, as they hoped to end several quarter losses in the July-to-September period.

Source: Business Standard

Ford, Honda cut car prices by up to Rs 6,000

MSN Money
Rate this article:Poor PoorNot GoodOkGoodExcellentExcellent
Your rating helps other users gauge the value of an article
... opens a new window

India News Video
This video requires the Adobe® Flash® Player. Download a free version of the player.
Follow MSN On Twitter
  • MSN Headlines on TwitterMSN Headlines on Twitter

    MSN India brings you latest Headlines, Breaking News and Mobile updates- all in a single click. Now, check out minute by minute update on national, global & business news on Twitter.

Business News
  • Saudi Arabia bans import of pepper from India  Corbis Saudi Arabia bans import of pepper from India
    PTI - 30-07-2014 17:00

    Presence of high levels of pesticides in the Indian consignment was the reason to put the import restriction

  • Siemens bags order worth Rs. 411 cr  Reuters Siemens bags order worth Rs. 411 cr
    The Hindu Business Line - 30-07-2014 16:45

    The order is for static var compensators for three PGCIL’s substations in Ludhiana, Kankroli and New Wangpoh

  • Rajiv Lall to head IDFC Bank  Corbis Rajiv Lall to head IDFC Bank
    The Hindu Business Line - 30-07-2014 16:45

    IDFC Bank will be a listed entity from day one of operations and the existing shareholders of IDFC will be given an equivalent number of shares in the bank

  • ITC to foray into dairy, beverages  Reuters ITC to foray into dairy, beverages
    IANS - 30-07-2014 16:15

    The company is pursuing 65 projects across India with a budgeted outlay of Rs.25,000 crore and most of them are under various stages of implementation

  • TN Govt to prohibit setting up of private law colleges  AP TN Govt to prohibit setting up of private law colleges
    The Hindu Business Line - 30-07-2014 16:00

    Private trusts and societies have not been able to provide legal education or continue to run law colleges at an affordable cost to the economically and socially weaker sections

Learn More
Close
Close
  • Or, a browser tab
  • Or, a browser tab
  • Or, a browser tab

Pin the Cricket & Sports channel for quick access


It's easy! Drag the MSN butterfly from:

  • The Pinning Bar

The web address box

  • Open your favourite sites quickly.

to the Windows taskbar at the bottom of your screen


Drag MSN icon to Windows taskbar

  • Open your favourite MSN pages from the Windows taskbar without opening your browser first
  • Use JumpList to go directly to key sections of MSN and get real-time notification of updates
  • Pin as MSN section homepages - like News, Entertainment, Sports and Lifestyle - as you want