Stories
LG Electronics Hikes AC Prices by 5-7% from October 1 Amid Rising Input Costs
C
CNBC TV18•28-09-2026, 20:57
LG Electronics Hikes AC Prices by 5-7% from October 1 Amid Rising Input Costs
- •LG Electronics India announced a 5-7% price increase for air conditioners starting October 1, ahead of the Durga Puja festive sales.
- •The price hike is attributed to elevated input costs, including commodity prices, logistics, energy, and foreign exchange movements.
- •No decision has been made regarding price revisions for other LG products like TVs, refrigerators, or washing machines.
- •Other major AC manufacturers such as Voltas, Havells (Lloyd), Godrej Appliances, and Bosch Home (Hitachi) have already implemented similar price increases (5-8%).
- •Factors cited by other manufacturers for price revisions include geopolitical developments, commodity price increases, US dollar appreciation, and new BEE energy efficiency standards effective January 1.
Key Questions Answered
LG Electronics India announced a 5 to 7% increase in air conditioner prices, effective from October 1, 2026.
Manufacturers are raising prices due to a rise in input costs driven by elevated commodity prices, logistics expenses, energy costs, foreign exchange movements, geopolitical developments, and the transition to enhanced BEE energy efficiency standards.
No, LG Electronics India has not taken any decision to revise prices for other products such as televisions, refrigerators, or washing machines as of now.
