Consumer Durables
Consumer Durables
SECTOR | 19 Jan 2023
ICICI Securities Limited
Post speaking with white goods and durable companies, we note the key budget expectations are: (1) increase in customs duty to likely to benefit EMS companies such as Amber, Dixon and Syrma, (2) Reduction in customs duty for key components under the IGCR route for motor and compressors will likely result in higher domestic manufacturing, (3) The prices of white goods & durables are up 20-22% over past two years led by high inflation and costs to comply with BEE norms.
KRChoksey released a Economy Update report for Consumer Durables on 26 Mar, 2025.
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