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Consumer Electronics Production: Consumer electronics makers extend production cut, defer plans to ramp up production
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Consumer electronics and smartphone makers have decided to extend their production cuts till August and defer their plans for ramping up production for the festive season by a month, as demand continues to be subdued.
Company executives said the production of mobile phones, televisions, refrigerators, and washing machines is at 75% to 85% of original targets as inventory has piled up with consumers holding back their discretionary spending due
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