Mumbai: Cell phone manufacturing company Nokia India has shown discomfort with the VAT rate rise in the business industry.
The company’s officials have claimed that the climb of 8.5% in Vat rates have resulted in the decrease of sales of mobile handsets in Maharashtra as well as in the other parts of the country.
They added that due to this, the company saw unwanted increase in the prices of the handsets which prevented customers to buy their products.
The marketing head of Nokia India Vineet Taneja in a conference said, “Company has witnessed a downfall of more than 70% in the sale of its handsets. Each and every company is smacked by this rise and the effect is been seen to our company too
—Agedncis