Consumer Electronics Production: Consumer electronics makers extend production cut, defer plans to ramp up production

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