Ahead of the peak festival season, leading appliances and consumer electronics makers are going to increase prices of air conditioners, LED TVs, washing machines and other products by 5 per cent to 8 per cent effective from October 1, passing on the rise in inputs of soaring metals such as copper, steel, crude derivatives as well as currency exchange volatility due to the ongoing West Asia crisis.
This will be the industry’s third round of price hikes in 2026, with manufacturers saying sustained inflation in key inputs such as copper, aluminium, steel, and crude oil derivatives, coupled with higher freight costs, has made further price revisions unavoidable.
Air-conditioner prices are set to rise 5-8 per cent; some players are also increasing prices of washing machines, refrigerators and LED TVs by 3-4 per cent, industry executives said, while others are still evaluating the impact.
While some companies fear the hike could affect festive demand, others believe the impact will be …
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