The Government of India’s recent announcement on GST rate cuts across categories is a significant development that will have an impact on both consumers and industries. Please find below a quote from Mr Gagan Sharma, Managing Director of XElectron, on the consumer electronics industry, for your kind reference and use in related stories.
"The GST 2.0 is a welcome step for both consumers and brands like ours. It
not only reduces the cost burden of purchasing lifestyle electronics such as
TVs and projectors but also encourages customers to opt for higher-end,
larger-screen models that are often considered luxury items. The timing makes
this move even more impactful, as the revised rates will come into effect
during the festive season, when people actively purchase and gift electronics,
giving a boost to the consumer electronics market. At XElectron, we offer
innovative products such as smart projectors, LED TVs, digital photo frames,
and monitors, and this change ensures that consumers can now enjoy them at even
more attractive prices, especially for festive gifting."
