India's Consumer Electronics Prices Skyrocket Ahead of Diwali

Leading consumer electronics companies in India, including LG, Daikin, Samsung, Voltas, Bosch, Havells, and Godrej, have informed their trade partners of price increases ranging from 4-10% starting October 1. This will be the third price hike this year, with cumulative increases up to 16-18% since January.

The price revisions are attributed to a sharp rise in input costs, including copper (up 34%), resin (17%), steel (24%), and aluminium (16%). Companies like LG Electronics India have communicated that despite absorbing these pressures, the current cost environment necessitates price revision to ensure continued product quality, supply stability, and long-term sustainability of operations.

Samsung has already raised television prices by ₹1,000-₹10,000 across its 43-inch to 75-inch range. Daikin India's managing director KJ Jawa stated that the unprecedented pressure on input costs and supply chains is leaving manufacturers with little room to absorb further increases.