ACs Price Hike: This time relief from heat has also become expensive and consumer durable companies have increased the prices of ACs again this month. Earlier in January also the prices had increased.
ACs Price Hike: Cold air has also become expensive this summer and consumer durable companies have increased the prices of ACs by 3-4 per cent this month. In the beginning of this year in January also, the prices had increased by 5.8 percent and now their prices have increased again. Some companies have increased the prices this month, while some are preparing for it this month or next month in May. Gurmeet Singh, chairman and MD of Johnson’s company Hitachi Air Conditioning India, said in a conversation with Financial Express Online that according to the way things are changing on the commodity and other front, AC prices have been increased by 3-4 percent this month. .
Jhunjhunwala Portfolio: 30% profit opportunity in this banking stock of Jhunjhunwala’s choice, know how much the experts have kept the target price
The price of AC of different brands has increased so much
- Hitachi: According to Gurmeet Singh, after the imposition of anti-dumping duty on aluminum and refrigerants, now the prices of ACs have been increased by 3-4 percent. After this increase, the three-star split air conditioner which was available for Rs 33.5 thousand last year has gone up to Rs 36.5-37 thousand.
- Hair: Satish NS, Head of Haier Appliances India, told Financial Express Online that in the last 4-5 months, the prices of ACs of his company have increased by 5-6 per cent and now due to rising global fares and higher cost of the commodity, the prices of ACs have increased in May. Later it can be increased.
- Panasonic: Gaurav Shah, Business Head, Air Conditioners Group, Panasonic India, said that the price of ACs has been increased by 6-8 percent due to the rising cost of the commodity according to the market. Apart from this, the effect of increase in cost is being assessed, after which it can be increased again.
Account linked Mobile Number Change Process: You can change the mobile number associated with your bank account sitting at home, step wise understand the whole process
No effect on demand due to increase in prices
Despite the increase in the prices of AC, its demand is not visible. The demand for ACs is looking strong this year due to early onset of summer and forecast of above-average temperatures in April and May by the Indian Meteorological Department (IMD). A Voltas spokesperson said replacements are also seeing an upswing as many people upgrade to more efficient cooling products. Voltas has increased its manufacturing and supply chain. According to the company’s spokesperson, this summer this industry will grow not only in volume but also in terms of value. The government has launched the PLI scheme to promote domestic manufacturing, which will support the industry. Apart from this, consumer sentiment is also getting stronger with education and work from home culture.
,Article: Tanya Krishna