TVs, washing machines, ACs & other consumer electronic prices may go up this Oct
Consumer electronics manufacturers in India are planning price hikes of 5-8% this October due to rising commodity costs and freight expenses. While some dealers still hold inventory at older prices, consumers should expect higher costs for appliances like TVs, washing machines, and ACs.
Why it matters
Rising costs for essential household appliances impact consumer purchasing power and inflation metrics during the critical festive shopping season.
Air-conditioners, LED TVs, washing machines and other consumer appliances may become more expensive this October, with several companies planning price hikes of around 5-8 per cent, according to a PTI report. The increases come just before the festive shopping season and are being linked to higher prices of copper, steel, aluminium and crude oil derivatives, along with rising freight costs and currency movements. This is expected to be the third price hike in the consumer electronics industry this year. However, buyers may still be able to purchase some products at older prices in the coming weeks, as dealers are holding inventory bought before the latest price increases.Why are AC, TV and appliance prices going upManufacturers have pointed to rising input costs as the main reason behind the planned price hikes.
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