India’s second largest online retailer Snapdeal has formed a partnership with the country’s state-owned Energy Efficiency Services Ltd (EESL) to sell LED bulbs nationwide for INR 99 (US $1.46), according to an Economic Times report.

LED bulb procurement prices in Madhya Pradesh, located in central India, have dropped another 10% from INR 73 per bulb (US $1.08) to INR 64.41 per unit, according to an official statement on Sunday.

In the era of LED lighting, traditional lighting brands have continued to control the market’s developments, reported PIDA. Lighting giant Royal Philips (Philips) slashed 2-packed LED bulb prices to US $4.97 on April 22, 2015. A single bulb price during the promotion period that lasted till July was about $2.49 per bulb, reported Chinese-language media Money DJ.com.

LED bulb prices in India are nearing CFL prices, but might be priced down a further INR 20 (US $0.30) following the government’s 50 million LED bulb purchase tender to be issued in the next ten days, reported The India Times.

Large players oversupply situation in the LED industry led to LED bulbs continual downward price trend, according to a report by Chinese-language Commercial Times.

Speaking at a conference on Thursday, Indian Power Minister Power Piyush Goya urged LED manufacturers to correct LED bulb prices, reported Can-India News.

Thailand’s Provincial Electricity Authority (PEA) a strong advocate of energy efficient LED technology in the Thai LED market, believes it will take another five years before residential lighting market will fully kickoff said Niwat Chayakul, the organization's Director of Power System and Research Development Department at EcoLightTech Asia 2014, which took place in Bangkok from Nov. 11-14, 2014.

Cree introduces the New Cree® LED Bulb, delivering superior light performance while looking just like an incandescent light bulb at an even more affordable price. Featuring a new innovative design, the New Cree LED Bulb provides the same cost savings and 25,000-hour lifetime that made the original Cree LED Bulb America’s best-selling LED bulb. Available as 40- and 60-watt replacements, the New Cree LED Bulb is available at The Home Depot® for as low as US $7.97. This is a 20% price mark down compared to previous bulb products, said Cree.

LED bulb prices over the past quarter, with price declines most markedly in the German market for both 40W and 60W equiv. LED bulbs last month.Prices for 60W equiv. LED bulb have dropped more than 40W equiv. LED bulbs in September. Bulb price upticks have only been reported in the U.S. market last month, according to a recent global bulb price survey by LEDinside, a research subsidiary of Taipei-based market intelligence firm TrendForce.

India’s Bureau of Energy Efficiency (BEE) and Energy Efficiency Services Limited (EESL) announced selling LED bulbs to households at very low prices, according to a report by The Economic Times.

The global average sales price (ASP) for LED bulbs declined by 1.8 percent in August as the market stabilized, according to LEDinside, a subsidiary of the Taiwan-based market intelligence firm TrendForce. Regionally, LED bulb prices declined the most in Japan.

LED bulb prices stabilized in July 2014, according to a latest report from LEDinside, a research subdivision of TrendForce. The research organization noted, in general the global market underwent small price fluctuations. Only a few markets had seen large price fluctuations because of sales promotions, and overall bulb prices declined the most in Germany.

Price falls were most evident in China last quarter, according to latest LED bulb retail price reports by LEDinside, a research division of TrendForce. Globally, the 40W equiv. LED bulbs Average Selling Price (ASP) grew incrementally by 0.9 percent to US $14.4, while ASP for 60W equiv. LED bulbs was slightly down by 0.6% to US $19.4 in June 2014.