TV, fridge and washing machine will become more expensive from January, prices will go up by so much
LED TVs and other appliances like refrigerators, washing machines, microwaves etc. are going to become more expensive in the new year. Its price is set to rise by 10 per cent in January. Companies say prices of copper, aluminum and steel are set to rise.
In addition, the prices of TV panels have doubled due to shortage of supply. Manufacturers say plastic prices have risen sharply due to rising crude oil prices. Companies like LG, Panasonic and Thomson say price hikes have been a compulsion since January. While Sony is still reviewing the prices. Prices will be decided later.
Manish Sharma, President and CEO, Panasonic India, says that rising commodity prices will have an impact on our products as well. My guess is that prices could rise by 6-7 per cent. After which prices are likely to rise by 10-11 per cent in the first quarter.
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