NEW DELHI : TV prices are likely to go up by as much as 10% from next month as disrupted supply of open cell television panels - mostly imported from China - has resulted in a shortage of the key television component. TV panels, which account for nearly 60% of the price of a TV unit, are mostly imported from China. "TV prices will go up by the beginning of March, and refrigerator and ACs will follow. The Indian government had removed import duty on open cell panels used in production of TV sets to lower the cost and encourage local manufacturing, the report had said. Panasonic India and South Asia President and CEO Manish Sharma also foresees a hike in the TV prices as the cost of open cell (TV panel) in China has gone up by around 3%.

Source: Mint February 20, 2020 15:11 UTC