Last updated : April 20, 2020 2:59 pm
Even after the restriction is lifted, social distancing norms and an overall fear of the pandemic may keep people away from the stores for some time
The heavy appliances sector is expected to take a huge hit due to the COVID-19 lockdown and the muted sales prior to this, as per a top official of Godrej Appliances.
Even after the restriction is lifted, social distancing norms and an overall fear of the pandemic may keep people away from the stores for some time, he said.
As per Kamal Nandi, Business Head and EVP, Godrej Appliances the heavy appliances industry will be impacted with the loss incurred in the months of March and April. During this period, the demand is usually high and these two months contribute to about 25% of the annual revenue, he stated.
He further mentioned that the company and its trade partners are adequately stocked to meet any immediate surge in demand.