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02.05.2021 / 14:57

Consumer appliances firms scale back production as covid dents demand

NEW DELHI : Large home appliances makers are temporarily slashing production factoring a dip in consumer demand as the country continues to deal with a surge in covid cases and subsequent lockdowns in states significantly impacting retail of non-essential goods.Companies such as Usha International, Panasonic, Havells etc have partially restricted capacity at their plants. Some have done so citing employee safety.Shashi Arora, president and chief executive of Lloyd, Havells India’s consumer durables business, said April is the peak season for air conditioners for which the company starts building inventory from December.

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