Just before the summer season, AC manufacturers (AC manufacturers) are preparing to increase the price. Companies like Voltas, Daikin, LG, Panasonic, Haier, Blue Star and Samsung are going to increase prices by at least 3-8 per cent this year. Voltas CEO Pradeep Bakshi said that this price is going to increase due to the rise in the price of raw material. Panasonic CEO Manish Sharma said that the price of refrigerators will rise by at least 3-4 percent.
In view of the epidemic, many companies have added some additional facilities related to health and hygiene in their products this time. To increase sales, companies are offering schemes such as payment in monthly installments (EMI) and cashback without additional cost. Kanwaljeet Jawa, Managing Director (MD) and Chief Executive Officer (CEO) of Daikin Airconditioning India said that prices of metals and compressors etc. have increased. They are imported. In such a situation, it is possible to increase the price of air condition by three to five percent.
AC prices may increase by 6-8%
President and CEO of Panasonic India and South Asia, Manish Sharma said that the prices of AC can be increased by six to eight percent while the price of refrigerator can be increased by three to four percent. Blue Star MD B Thyagarajan said that his company is going to increase the price of AC by three percent from April. Blue Star also increased the price of AC by five to eight percent in January. Eric Braganza, president of Higher Appliances India, spoke of a growth of around eight per cent.