EPACK Durables के MD & CEO ने बताया GST Rate Cut से बढ़ेगा demand ACs और TVs होंगे सस्ते | Detailed|

Описание: In this exclusive interview, Mr. Ajay Singhania, MD & CEO of EPACK Durables, shares valuable insights on the recent GST rate cuts announced by the Indian Government. The GST on air conditioners and televisions (32 inches and above) has been slashed from 28% to 18%, bringing a big relief to both consumers and manufacturers. Mr. Singhania explains that this move, long-awaited by the industry, acknowledges ACs as a necessity rather than a luxury, which is expected to drive up market demand. This rate cut is likely to help clear existing inventory and boost new production. He also highlights that the industry was under financial pressure due to the mismatch in GST rates on raw materials (18%) and finished goods (28%). With both now aligned at 18%, liquidity across the supply chain will improve. Leading brands have already started passing the benefit to customers, offering discounts of ₹3,000 to ₹5,000. While a short-term dip in sales is expected, the long-term outlook is strong, with projected industry growth of 10–20% YoY. With the new rates effective from the 22nd, both consumers and manufacturers are looking at a brighter festive season ahead!


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