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Market move▲ Bullish for Indian equities
Appliance makers plan price hikes of up to 8% from October 1
The brief
- AC, TV and appliance prices are set to rise 5–8% from October 1
- Festive season typically accounts for 30–40% of appliance makers’ annual sales
- Higher prices may lift appliance makers’ revenue, while testing consumer demand across Indian consumer-electronics companies
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Planned price hikes for appliances
Consumer electronics and appliance makers plan to raise prices of ACs, TVs and other appliances by 5–8% from October 1. Companies cited higher costs for raw materials including copper, steel, aluminium and crude derivatives.
Sunday, 27 September
- Appliance makers plan price hikes of up to 8% from October 1