Consumer durable makers in India are raising prices as higher component and freight costs, compounded by shipping delays, squeeze margins. Blue Star has increased AC prices by 8%, while Thomson India plans a 10% hike after October. Haier and Daikin have also raised prices or are preparing to announce increases. Intex is holding off on a broad increase to support festive sales.
Iran War Drives Up AC, TV Prices Ahead of Festive Season
Source: Times of India