Mobile Phone Makers Seek 13% GST Cut Amid Demand Dip and Rising Memory Costs
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AI-generated summary of the coverage listed below: In India, the industry body representing most mobile phone manufacturers has requested a 13% reduction in the Goods and Services Tax to counter falling domestic demand and escalating memory chip prices. The request comes as handset sales have slowed, replacement cycles have lengthened, and the affordable smartphone segment remains under pressure. The cut would lower production costs and help manufacturers stay competitive in a market facing supply chain constraints and price sensitivity.
Covered by 2 outlets across the spectrum: 0% left, 0% center, 100% right.
Who is covering this story
- Right-leaning (2): Times of India, Deccan Chronicle
Sources
- Michael Dell: Customers go through ‘five stages of grief’ after price hikes — Times of India (right-leaning)
- Mobile Phone Makers Seek 13% GST Cut Amid Dip In Demand, Rising Memory Prices — Deccan Chronicle (right-leaning)