India’s Procurement of LEDs Causing Decrease in LED Price
According to the Taiwanese LED light bulb market, India’s massive switch to LED lighting has caused a drastic drop in LED light bulb prices.
The India government has started open-bids for two million LED light bulbs in two years for subsidizing purchases by local consumers, and wining prices for a 7W-equivalent 600lm LED light bulb have drastically dropped from INR230 (US$3.59) to about INR100 in the first quarter of 2015 and further to INR80 currently due to intense competition, according to Taiwan-based supply chain makers. The India government requires that suppliers assemble LED light bulbs in India through cooperation with India-based lamp vendors/makers, the sources said. The government holds open-bids to procure about two million LED light bulbs every one to two months and has so far procured about 10 million units, the sources noted. Read more at Digitimes.