Television may cost 10% more as prices of open cells continue to increase

The retailer said some manufacturers might pass it on in a staggered manner as they also sit on some amount of inventories

Consumers may have to shell out more to buy television panels because prices of open cells continue to increase while manufacturers have reduced production.

The industry has been facing this issue after the pandemic and open-cell prices have gone up 20 per cent since December and television-panel manufacturers expect another 15 per cent increase to kick in towards the end of February, after the Chinese New Year.

Also, manufacturers expect a demand-supply imbalance because of the production cut.

The open cell, one of the main components in manufacturing television sets, accounts for 60-65 per cent of the production cost. Also,