Retailers say durables sales not hit by war yet but prices may rise

Demand for consumer durables in India has not been affected significantly by the military conflict in West Asia after the US attacked Iran last weekend, officials at three outlets of two large consumer durable retail chains said on Friday.

- Informist

Sales, however, were lower in the first week of March largely due to Holi holidays and the exam season. These factors also had a visible impact on customer footfall.

"Usually, sales in the first 10 days of March are 10-12% of the monthly total, but this year it was only 7-8%," the sales manager at a large consumer durable retail chain said.

Another dealer affirmed this but attributed the fall in sales to the US-Iran conflict.