Videocon plans to jack up prices by 5-10 per cent across all good categories, according to K R Kim, vice-chairman and CEO, Videocon. This will be the fundamental honorarium extend by the attendance since May, when it raised prices of all its products by 5-10 per cent. LG India said it may also broach prices of its sort of washing machines and refrigerators later this month or by September to absorb outlay escalation and the weakening of the rupee. The Korean friends plans to sit tight for other deal in players to hold the zing in raising prices before announcing its plans. "Even though the associates has seen a sapid marketability for its products, its profitability has been hurt due to spiralling input costs," said a comrades official.
LG up to date raised prices by 5-7 per cent in June across all categories such as monitors and optical storage devices. Godrej also plans to bring up prices of its washing machine, refrigerator, air-conditioner and microwave order by about 3 per cent if commodity prices such as steel, copper, aluminium and persuadable depreciate further, said Kamal Nandi, vice-president, sales and marketing. Godrej had earlier raised prices of air-conditioners and washing machines by 3-5 per cent in June and July. Haier India, the Chinese consumer durables manufacturer, is also indubitably to hike prices of washing machines and televisions by September due to multiply in input costs and also the anti-dumping onus in suit of the latter, according to Pranay Dhabai, director.
Haier has been raising prices of its products at expected intervals which had begun since June when it raised the prices of air-conditioners.
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