Appliance Price Hikes
Indian Appliance Makers Raise Prices by Up to Eight Percent Amid Rising Costs
Anonymous
Indian appliance and consumer-electronics makers plan to raise prices by about 5% to 8% from October 1, with air conditioners among the products affected and some washing machines, refrigerators and TVs also facing increases. Companies cite higher costs for metals, crude-derived materials and freight, as well as currency volatility amid the West Asia crisis; the move will be the industry’s third round of price hikes in 2026. Some manufacturers worry the increases could dampen festive-season demand, while others expect pre-season inventory bought at earlier prices to soften the impact.
Key Points
1
Air-conditioners are expected to see increases of 5%–8%, while some washing machines, refrigerators and LED TVs are facing smaller increases of 3%–4%; some manufacturers are still assessing whether to raise prices.
2
Blue Star, Godrej Appliance, Haier, Daikin and Super Plastronics have announced or confirmed increases of 4%–10% across categories. Panasonic, by contrast, said it was still evaluating whether to raise prices.
3
Blue Star Managing Director B. Thiagarajan said the company’s AC and deep-freezer prices had already risen 5%–8%, adding: “All the commodity prices have been going up because of the war. Copper, steel and plastics have all become costlier.”
4
Sources also reported that LG and Bosch Home Comfort—which owns the Hitachi air-conditioner brand—had raised AC prices by around 5%.
Sentiment
Mostly PositiveNEGATIVENEUTRALPOSITIVE
Publishers
23
Articles
22
Reach
45
A
AnonymousAuthor
