Smartphones price will increase after Diwali in India, know the reason

Newz Fast, New Delhi: If you are planning to buy a new smartphone then this is the best time for you. If you are planning to buy a smartphone after Diwali then there is bad news for you.

Because after Diwali, the prices of smartphones in India are going to increase. Let us know the reason behind this...

Smartphones price may increase in India after Diwali 2022

Due to the Diwali season, many smartphone brands are selling their phones at a lower price, but after this season, things can change.

It is being said that after the Diwali season, next month i.e. till November 2022, the price of smartphones in India may increase. There is also a big reason for this.

How much will the price of Smartphones increase

According to the latest report of ET Telecom, an increase of five to seven percent can be seen in the price of smartphones in the coming month. This means that the average selling price of a smartphone of Rs 17 thousand can be increased to Rs 20 thousand.

The report also said that people can expect the increased prices to be revealed between October and December, 2022.

Reasons for Smartphone Price Hike

Talking about the reason, it is being said that due to the increasing value of the dollar in India, companies can soon increase the price of their products and devices.

Due to the increasing currency, brands will have to pay higher prices for imported components and this will also affect the company's users.