India, Sept. 21 -- Leading appliance makers have reduced prices of room air conditioners by up to Rs 4,500 and on dishwashers by up to Rs 8,000, with new rates set to be rolled out from Monday as companies extend GST benefits to consumers.
The companies, in turn, are expecting a double-digit increase in sales during the festival season, with Navratra starting this week. Finance Minister Nirmala Sitharaman has said with the slew of GST reforms set to come into effect from September 22, a total of Rs 2 lakh crore will be in the hands of the people, boosting domestic consumption. The Finance Minister was speaking at the 80th anniversary of the
Tamil Nadu Foodgrains Merchants Association in Madurai on Friday.
Leading players, such as Voltas,...