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Household Products Price in India: If you also have a plan to buy any home appliance in the coming days, then you should shop quickly. The rates of all these goods are going to increase in March. The effect of increase in raw material and freight charges is going to fall on the pockets of the customers. Recently, the prices of ACs and refrigerators have also seen an increase. Apart from this, the washing machine price may increase by 5 to 10 percent by March.
Many companies have already increased rates
Many companies including Panasonic, LG, Haier have already increased the prices, while Sony, Hitachi, Godrej Appliances may decide to increase the prices by the end of this quarter. According to the Consumer Electronics and Appliances Manufacturers Association (CEAMA), the industry will increase prices by 5-7 per cent from January to March.
Know what Haier’s chairman said
Satish N S, President, Haier Appliances India said, “Following the unprecedented rise in commodity prices, global freight charges and raw material costs, we have increased the prices of our products by three to five per cent across the refrigerator, washing machine and air conditioner categories. Steps have been taken to increase.
Panasonic has already raised rates by 8 percent
Let us tell you that Panasonic has already increased the prices of its ACs by up to eight percent. Panasonic India’s divisional director (consumer electronics) Fumiyasu Fujimori said further increase in AC prices could be due to further increase in commodity prices and supply chain.
Rise in raw material prices – a matter of concern
South Korean consumer electronics company LG has increased prices in the home appliances category. The LG said that the increase in the cost of raw material and logistics is a matter of concern. Deepak Bansal, Vice President, Home Appliances and Air Conditioner Business, LG Electronics India, said, “We have tried our best to cover the cost through innovative measures, but price hike is necessary to sustain the business.”
Haier will also increase by 10 percent
Terming the hike in prices as inevitable, Gurmeet Singh, chairman and managing director of Johnson-controlled Hitachi Air Conditioning India, said the cost of production, including raw materials, taxes and transportation, has increased. In such a situation, the brand will increase the prices by up to 10 percent by April. He said that we will increase the price by at least eight to 10 percent by April in a phased manner.
Earlier the hike in prices was postponed
Eric Braganza, President, Siema said, “The industry had postponed the price hike due to the festive season, but now the manufacturers have no option but to pass on the price hike to the customers. From January to March, the industry will increase the prices by five to seven percent.
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