Indian consumer durables manufacturers rise after government's proposed tax cuts

Blue Star

18/08/2025 05:43

** Indian air-conditioner and fan manufacturers up between 2% and 7%

** Government to abolish the 28% goods and services tax slab, under which consumer durables such as air conditioners and refrigerators are currently taxed

** These goods are likely to be taxed at 18% under the proposed cuts, which could be implemented around the festival of Diwali in October

** Air-conditioner manufacturers Blue Star BLUS.NS and Voltas VOLT.NS up 6.88% and ~6%, respectively, on the day

** Wires and cables manufacturer Havells India HVEL.NS, which also sells air-conditioners and refrigerators under its Lloyd brand, up 5.2%

** V-Guard VGUA.NS and Crompton Greaves CROP.NS, which sell fans and coolers, up 3% and 2.5%, respectively

(Reporting by Ananta Agarwal in Bengaluru)

((Ananta.Agarwal@thomsonreuters.com))