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

Indian White Good Prices Expected to Rise
Jul 13, 2004
 Printable format
 Email this Article
 Search

The Indian consumer durables industry is expecting higher input costs due to a newly approved budget. Price hikes are being debated among major appliance makers as steel is largely used in the manufacturing of air-conditioners, refrigerators, and other white goods.

Timing is an issue as the industry is gearing up for the crucial festive season, which accounts for over 50 percent of annual sales. "It's not just steel prices, the tax hike also affects us. Ultimately, consumers end up paying for these and we will go with market trends," says TK Bannerji, country manager, Haier India.

Players will obviously watch carefully as there are fears that Indian demand will dry up. "Generally, prices will go up since the sector gets nothing in the budget. Increasing prices means that the domestic market will not grow, which will have a negative impact on capacity expansion and exports," says LG marketing head Salil Kapoor. (Indian Times)

Back to Daily News

 

Daily News

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

Aug 22, 2014: Could Quirky Acquire GE Appliances?

Aug 22, 2014: Existing Home Sales Up in July

Aug 21, 2014: Miele Annual Sales Up 2.2%

Aug 21, 2014: TTI Reports Record Sales

Aug 21, 2014: Stihl Annual Cycling Event Raises $539,000 So Far in 2014

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