- Looking to buy a washing machine at home?
- Or are you ready to buy an AC or a refrigerator?
- However you need to know a few things
- There is a chance that the prices of these will increase in the coming days .. It is best to buy now
Companies like Panasonic, LG, Higher have already raised prices. Now companies like Sony, Hitachi and Godrej Appliances are planning to raise prices by the end of this quarter. According to the Consumer Electronics and Appliances Manufacturers Association. It said prices would rise by 5 to 7 per cent from January to March.
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Companies claim that the decision to raise prices is due to rising commodity prices. In addition to commodity prices, rising international shipping and raw material prices are also affecting production costs. With this, prices of AC, washing machine and refrigerator will go up by 3 to 5 per cent, said Satish, president, Higher Appliances India.
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Panasonic has already raised prices. AC has decided to increase prices by 8 per cent. However the company is ready to raise prices once again. Panasonic India divisional director Fumius Fujimori said prices would rise in the near future. This may be due to rising commodity prices and supply chain barriers.
Gurmeet Singh, Chairman and Managing Director, Hitachi Air Conditioning India, said the price hike was inevitable. He said the price hike would be phased up to 10 per cent by April. Deepak Bansal, Vice President, LG Electronics India, said:
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