LED bulb prices may rise up to 10% from March

LED bulb prices may rise up to 10% from March
18/03/2020 , by , in ALLIED

Prices of LED bulbs and lights may see a rise of up to 10 per cent from March as the manufacturers face supply shortage of electronic components due to the coronavirus outbreak in China, industry body ELCOMA said.

Like mobile and electronics industry, domestic lighting industry is also affected due to the coronavirus epidemic as the supplies of electronic components are hit due to a shutdown in China, Electric Lamp and Component Manufacturers Association (ELCOMA) India said.

This may impact the connected lighting solutions and professional lighting segment more as it has larger share of imported components.

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