Wedding season: Durable makers witness pickup in sales of products

electronics, home appliances, goods, manufacturing, AC, air conditioners, coolers, heat, summer

Many companies experienced a positive trend in November, thanks to the festive spirit of Diwali and the ongoing wedding season, he said.


Leading home appliance and consumer electronics makers witnessed pickup in sales in the wedding season, mostly on demand for entry-level mass products from non-metro cities of the hinterland.


The industry, which concluded the festive sales with a growth of 15-20 per cent mainly driven by premium products, got a further boost during the wedding season.


In November, after getting some initial responses, companies including LG, Godrej Appliances, and Panasonic extended their festive offers along with financing schemes on products ranging from washing machines, refrigerators, TVs, micro ovens to small kitchen appliances.


Consumer Electronics and Appliances Manufacturers Association (CEAMA) President Sunil Vachani said the ongoing wedding season is anticipated to boost the demand for mass and entry-level segments of the industry.


Many companies experienced a positive trend in November, thanks to the festive spirit of Diwali and the ongoing wedding season, he said.


A survey by industry body CAIT said that during the ongoing wedding season, beginning November 23, around 3.5 million weddings are expected to be held, generating a business of Rs 4.25 trillion.


According to Godrej Appliances Business Head and Executive Vice President Kamal Nandi, the wedding season generally provides a thrust to the sale of refrigerators and washing machines among other appliances post the festive season and this majorly happens in rural areas and for entry-level segments.


However, he added:This year we have witnessed that due to inflation, people are moving out of gifting appliances in marriages. We will need to wait and watch the trend before we can share a wedding sale estimate.


To give a boost to consumption, the company is running consumer offers like additional warranty & combo offers, Nandi added.


South Korean durable maker LG Electronics has also rolled out offers for the wedding season like attractive cash backs, festive offers, product combos.


There is a good traction in selected markets due to weddings, said LG Electronics India Senior VP Ashish Agarwal.


Panasonic Marketing India Managing Director Fumiyasu Fujimori said the company has extended its festive offers to cater to the ongoing demand.


Super Plastronics Pvt Ltd (SPPL), which has licences for international brands including Blaupunkt, Thomson, Kodak and White-Westinghouse – for the Indian market, has also witnessed similar trends.

First Published: Dec 17 2023 | 1:26 PM IST

Leading home appliance and consumer electronics companies in India have seen an increase in sales during the wedding season, particularly in non-metro cities. The industry experienced a growth of 15-20% during the festive season and continued to flourish during the wedding season. Companies such as LG, Godrej Appliances, and Panasonic extended their festive offers and financing schemes on various products. The ongoing wedding season is expected to boost the demand for mass and entry-level segments of the industry. A survey estimated that around 3.5 million weddings will take place during this season, generating significant business. However, due to inflation, the trend of gifting appliances in marriages has decreased. To boost consumption, companies are offering additional warranties and combo offers. LG Electronics and Panasonic have also rolled out attractive cash backs and festive offers.,

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