Shortly after the government announced 10 per cent basic customs duty on smartphone makers (BCD), China's smartphone maker Huawei said that there will be a slight increase in the online smartphone prices.
Alan Wang, Director (Product Center) of Huawei India Consumer Business Group “We have both online and offline businesses in India. In online, there will be a little cost increase for sure. But offline, there will be no impact.”
“So far, for all our products, we have not increased any price. Price is not just dependent on one factor. When the business gets better and the volume becomes bigger, we may also save some cost,” Wang told IANS. Terming GST as a good move, Wang hoped it will have a long-lasting positive effect on the Indian economy.
“I think this policy [GST] is good for the country in the long term. And when the economy will become better, our business will become better,” he noted.
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