1 hr ago
Appliance Prices Set to Rise Again From October 1
Many companies that make home appliances plan to charge more starting October 1.
Air conditioners may cost 5-8% more.
Some washing machines, refrigerators and LED televisions may rise by 3-4%.
The companies say materials such as copper, steel and aluminium have become more expensive.
Shipping costs and currency changes have also added pressure.
Some manufacturers have already raised prices, while others are still deciding.
Godrej Appliances said shops may sell older, cheaper stock through Diwali.
After that, the higher prices may be seen more widely.
Air-conditioner prices are expected to increase 5-8% from October 1, marking the industry's third price rise this year.
Washing machines, refrigerators and LED TVs may become 3-4% more expensive, although some companies are still assessing costs.
Blue Star, Godrej Appliances, Haier, Daikin and Super Plastronics have confirmed or implemented increases of 4-10%.
Manufacturers cite higher copper, steel, aluminium, crude-oil derivative, freight and currency-related costs, plus turmoil in West Asia.
Godrej Appliances said older inventory bought before the increases may keep retail prices stable through Diwali, with higher prices taking effect afterward.
- Who
- Leading appliance and consumer electronics manufacturers, including Blue Star, Godrej Appliances, Haier, Daikin and Super Plastronics.
- What
- Prices of air conditioners, LED TVs, washing machines and some refrigerators are set to increase.
- Where
- The articles do not specify a particular location.
- When
- The latest increases are scheduled from October 1; older inventory may delay the full retail impact until after Diwali.
- Why
- Manufacturers cite higher input-material, freight and currency-related costs, as well as turmoil in West Asia.
Key facts
- Price-change date
- October 1
- Air-conditioner increase
- About 5-8% immediately
- Other appliance increase
- Washing machines, refrigerators and LED TVs may rise about 3-4%
- Industry frequency
- This is the third round of price increases this year
- Companies cited
- Blue Star, Godrej Appliances, Haier, Daikin and Super Plastronics
- Reported company increases
- About 4-10% for several manufacturers
- Godrej cost increase
- Input costs have risen 8-10% since the last revision
