Consumer durable manufacturers ready to raise prices

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Mumbai, Ta. 23 November 2019, Saturday

Consumer durables manufacturers are becoming more equipped to raise prices in the current year following discounts and price cuts to sell goods in the recession. Market prices are saying that if prices rise, this will be the first price increase after five.

This price increase is due to new energy efficiency standards being implemented from next year. Despite the decline in the price of raw materials, the price of freeze has been increasing by 5%.

The new standards are likely to increase production costs, so producers will be forced to raise prices, said a Consumer Electronics and Appliances Manufacturers Association official.

In addition, producers are expected to put an additional burden on their margins for recycling of e-waste, an analyst said. This is also likely to increase costs.

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