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TV cos pin hopes on cricket
Television manufacturers are hoping for an exuberant performance from India in the cricket world cup to see their sales grow by around 20 per cent in a cricket-frenzy nation.
New Delhi: Television manufacturers are hoping for an exuberant performance from India in the cricket world cup to see their sales grow by around 20 per cent in a cricket-frenzy nation.
The lukewarm TV sales till about a week ago picked up drastically ahead of the India-Pakistan match on Sunday and the trend may continue considering positive market sentiment post-election results, Sony India MD Sunil Nayyar said.
"Now we are witnessing the Cricket World Cup. Initially the momentum was slow, but it has caught up in the last one-week time, specially this weekend, thanks to the India-Pakistan match yesterday," he said.
"Now we can see that it is (TV panel market) gathering steam and if everything goes well and our country performs well, we are expecting 20 per cent jump (for the overall TV industry) over the last few months," he added.
He said the company hopes to see India performing well because that is what triggers demand in this country.
The television market had a slow start in 2019 with sluggish sales in January-March in the run-up to the elections, he said.
However, with a stable government being voted in, the market sentiment is turning positive aided by the prospects of a near to normal monsoon, he added.
