Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

Appliance Pricing in India Becoming More Dynamic
Jun 11, 2012
 Printable format
 Email this Article
 Search

The depreciation of the Indian currency, the rupee, and higher raw materials costs are forcing appliance makers in India to raise prices, according to Zee News Ltd., a business news outlet in India. The article said sources in the industry expect price increases of 4%-10%, and that the amount of imported content - heavily impacted by oil prices and shipping rate increases - has much to do with the price increases. It noted that high-end air-conditioners, washing machines, and refrigerators are usually manufactured completely offshore and imported to India.

A head of appliances for Samsung India said Samsung would up prices for washing machines and refrigerators, but the exact amount of the increases was still unknown.

Haier told the news outlet it will start with price hikes of 3% to 5% on TVs and washers. Haier announced in late May that it will launch a new EcoLife six-door refrigerator line in India.

A Panasonic India managing director said in the article that rupee depreciation and materials costs has caused three price hikes on appliances in one year. It told the news outlet it's prices will go up about 4% for major appliances and about 2% for TVs.

Zee News indicated that India home appliance market players LG, Whirlpool, Panasonic and Godrej have not yet announced how much they will raise process.

Whirlpool India Vice President, Corporate Affairs and Strategy Shantanu Dasgupta said in the article that adjusting appliance prices in India has become less of a periodic event and more of a dynamic process.

But Indian OEMs also noted the potential impact this could have on appliances sales - already down in 2012 due to inflation and interest rate hikes. A cool April in India also hurt air-conditioner sales; there is no indication yet how the May heat wave in much of India may have helped bring back AC sales.

Back to Daily News

 

Daily News

...........................................................

Aug 14, 2014: Electrolux In Talks to Acquire GE Appliances

Aug 14, 2014: June U.S. Cutting Tool Consumption Strongest of 2014

Aug 13, 2014: Manufacturing Technology Orders Up in June

Aug 13, 2014: Toshiba Appliance/Electronics Segment reports Higher 1Q Sales

Aug 12, 2014: Fagor Operations in Spain to Restart Under New Owner CNA

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

March 2014: Market Research - 62nd Annual U.S. Appliance Industry Forecast
February 2014: Appliance Magazine Market Insight: December 2013
January 2014: Market Research - Appliance Historical Statistical Review: 1954-2012
January 2014: Appliance Magazine Market Insight: November 2013




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Pharmalive | Plastics Today | Powder Bulk Solids | Canon Trade Shows