That AC or fridge you were planning to buy just got more expensive
electrical consumer goods such as refrigerators, washing machines, microwave ovens, fans, kitchen appliances, wires and pumps. Major manufacturers such as Samsung Electronics India, Havells, Bajaj Electricals and V-Guard Industries have either increased prices or informed their dealers that they are about to do so, said industry executives.
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The latest round of price hikes comes after almost nine months, following a high inflation rate of 20-25% in key commodities such as copper and aluminium and increase in freight costs in the past two-four months due to the Red Sea crisis, besides rupee depreciation, they said.
The country's second-largest home appliances manufacturer, Samsung Electronics India, informed its trade partners on Thursday through a WhatsApp message that «considering rupee depreciation leading to increase in input cost, we are looking at price hike from next month (June) in HA (home appliances) categories to the tune of 2.5%».
ET's queries emailed to Samsung Electronics India remained unanswered till press time.
Havells managing director Anil Rai Gupta told ET that the company has increased the prices of cables and wires this month, after revising them upwards in the last quarter. Prices of air-conditioners and refrigerators may go up 5-7% owing to the increase in copper and aluminium prices, he said.
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