India's Top Appliance Makers Hike Prices by Up to 8%

Leading appliance and consumer electronics manufacturers in India are increasing prices by up to 8% starting October 1, ahead of the peak festival season.

The price hike is due to rising costs of key inputs such as copper, steel, crude oil derivatives, and currency exchange volatility caused by the ongoing West Asia crisis.

Air-conditioner prices are set to rise by 5-8%, while washing machines, refrigerators, and LED TVs will see a 3-4% increase, according to industry executives.

Companies like Blue Star, Godrej Appliance, Haier, Daikin, and Super Plastronics have already announced or confirmed price hikes ranging from 4-10% across categories.

Blue Star Managing Director B Thiagarajan said prices of ACs and deep freezers have already increased by 5-8% due to higher commodity costs, which are expected to continue rising.