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Consumer electronics, smartphone, and automobile companies in India are increasing production of premium products by 10-20% in anticipation of higher demand during the festive season. This shift is driven by middle-class consumers upgrading their purchases, with a focus on feature-rich models. Despite recent sluggish sales due to inflation and economic factors, industry executives are optimistic about a rebound in consumer demand for premium products this festive quarter.

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tempusenterprise6

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EN