India: Consumer Durable Prices Rise 10%

Mumbai (The Times of India):  Consumer durables comprising washing machines , refrigerators and air-conditioners have just got costlier by 5-10 %.Companies like Godrej Appliances and Samsung India have already raised prices across segments and are, in fact, contemplating another round of price hikes. Rising metal prices, especially steel, have prompted durable makers to take prices northward.

“Metal prices have been on the rise. There’s no way we can absorb the hike in input costs. We have thus passed on input cost hike to consumers ,” said George Menezes, chief operating officer, Godrej Appliances, a division of Godrej & Boyce Manufacturing Co.  Read more at The Times of India.….