Prices of TV, home appliances may go up 7-8% from December - home appliances manufacturers in china

Prices for TV and home appliances will rise as manufacturers of durable consumer goods review post-holiday sales prices amid tight profits.
Prices for TV and home appliances will rise as manufacturers of durable consumer goods review post-holiday sales prices amid tight profits.
In order to ensure the smooth progress of holiday sales, after the depreciation of the Indian rupee against the US dollar and the increase in tariffs, manufacturers of durable consumer goods temporarily absorbed the impact on their input costs.
Panasonic India will increase the price of its products by 7 percentage points, while others have already raised the price.
"Over the past few months, the rupee has been rising, which in turn has affected our investment costs.
While we are trying to absorb the maximum cost for the consumer, we will be forced to increase the price by 5-given the market situation-
Manish Sharma, president and CEO of Panasonic India, told PTI: "This ratio is 7 from next month . ".
Eric blaganza, president of Haier India, expressed a similar view, saying: "We have made sure that price increases take effect after the festival, as India tends to buy consumer durables extensively during this time
Braganza further added, "given the tight margins, the price buff is no longer an option and this decision has been made.
"In India, the festival period begins with Onam, followed by Dussehra, which lasts until Diwali, accounting for nearly 1 out of 3 of the industry's sales.
According to the Consumer Electronics Manufacturers Association (CEAMA)
Prices rose by about 3 to 4 percentage points in September, however, it did not get the material.
"Despite the increase in MRP, due to the downturn in demand, brands are trying to gain the largest share in the market during key festivals, and the price increase in September did not really take effect, kamal Nandi, president of CEAMA, said.
Nandi, who is also head of operations and executive vice president of Godrej Appliances, further noted that "due to the floods in Kerala, Onam is a flush for the industry and the festival is not as originally followed
He also said that with the end of the festival, brands are gradually making the price increase effective.
"We should see the same implementation in November and December," he said . ".
However, manufacturers of durable consumer goods like Sony say the company has no plans to change prices.
"So far, we have no plans to change the price of the TV," a Sony India spokesman said . ".
In addition to washing machines, consumer appliances and electronics grew almost flat in the first half of this fiscal year, mainly due to the depreciation of the rupee, which in turn increased the cost of investment.
According to CEAMA, in some programs such as television and air conditioning,
Sales of refrigerators are almost flat, but sales are growing. .