You may have to pay more for TVs, refrigerators and these appliances from January We expect the increase in commodity prices to impact our product pricing in near future. I anticipate the prices to go up by 6-7 per cent in January itself and may go up to 10-11 per cent towards end of FY Q1, said Panasonic India President & CEO Manish Sharma. PTI | Updated: Dec 28, 2020, 10:25AM IST
New Delhi: Prices for LED TV and appliances such as refrigerator, washing machines are expected to go up by around 10 per cent from January next year on account of rise in costs of key input materials like copper, aluminium and steel and increase in ocean and air freights charges. Besides, prices of TV panels (Opencell) have also gone up by over two-folds due to short supply by the global vendors, while cost of plastic has also gone up due to rise in crude oil prices, said manufacturers.
Wait And Watch: Prices Of TV, Electric Appliances Likely To Shoot By 10% From January
There is excess demand because of work from home and there is limited supply because factories were not running at full capacity, says Sony India s Managing Director
PTI 28 December 2020 Pixabay PTI 2020-12-28T07:49:21+05:30 Wait And Watch: Prices Of TV, Electric Appliances Likely To Shoot By 10% From January outlookindia.com 2020-12-28T07:57:57+05:30
Prices for LED TV and appliances such as refrigerator, washing machines are expected to go up by around 10 per cent from January next year on account of rising in costs of key input materials like copper, aluminium and steel and increase in the ocean and air freights charges.
Planning to buy TV, other home appliances? Be ready to pay more from January 1
Planning to buy TV, other home appliances? Be ready to pay more from January 1
Prices of television and some other consumer appliances will rise from January 2021 due to a variety of factors. Experts are worried that rising prices could disrupt demand for these products. Check out the products which will cost more from next month.
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UPDATED: December 28, 2020 12:54 IST
Price of television sets are likely to see a substantial hike from January next year. (Photo: Reuters/Representational image)
The prices of some consumer appliances and television sets are likely to be raised by roughly 10 per cent starting January 2021. The price of TVs and some appliances like refrigerator and washing machines are expected to go up 10 per cent due to the rising cost of key input materials.
New Year New Hopes as companies seek silver lining in 2021
India
Published: Tuesday, December 22, 2020, 17:17 [IST]
New Delhi, Dec 22: The appliances and consumer electronics industry, which lost around 25 per cent of annual sales in the COVID-19-hit 2020, expects to regain the lost ground next year through a special focus on digital initiatives, emerging trends, change in consumer behaviour as well as the impetus to ramp up domestic manufacturing activities.
From WFH to DIY, 2020 has been unique with many challenges and possibilities for the industry. Leading brands witnessed rapid increase in digital consumption, changes in demands where more consumers are seeking value propositions with a comfortable, convenient, and connected experience to support a changed lifestyle amid the coronavirus pandemic.
Synopsis
Cost of key inputs in consumer products, autos and real estate are moving north. Margin pressure is being felt across companies but, sensitive to budget-watching consumers as well as competitive pressures, many are opting for partial cost transfers and cost control in other functions.
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Automobiles are next in line, with manufacturers still deciding on the price hike quantum – a tough call since auto makers suffered a low even before the pandemic hit.
Mumbai|New Delhi|Kolkata: Weeks after the festive bump in demand and with re-emergence of optimism a few months ahead, India Inc is worried it may have to choose between absorbing higher input costs or hiking final prices and bearing a dent in sales.