Sony expects double-digit growth in festive sales on GST reduction

Sony India expects this Diwali to be a “turning point” for the company, as the consumer electronics major eyes a double-digit growth driven by lower prices of large-screen TVs following a GST cut, its Managing Director Sunil Nayyar said.

The TV market, which was flat this fiscal year since April, will get a boost with an average price benefit of 7.5 to 8 per cent, he said, adding that it will create a “new mood, new sentiment in the market”.