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Appliance Prices Soar: AC, TV Costs to Jump 8% From Oct 1 Ahead of Festive Season
M
Moneycontrol•27-09-2026, 11:43
Appliance Prices Soar: AC, TV Costs to Jump 8% From Oct 1 Ahead of Festive Season
- •Prices of ACs, LED TVs, washing machines, and other appliances are set to increase by 5-8% from October 1, driven by rising input costs like copper, steel, and crude derivatives, alongside currency exchange volatility.
- •This marks the third price hike in 2026 for the industry, with companies like Blue Star, Godrej Appliance, Haier, Daikin, and Super Plastronics already announcing increases ranging from 4-10% across categories.
- •Some manufacturers fear the price hike could impact festive demand, while others believe the effect will be limited due to existing inventory bought at older prices through pre-buying schemes.
- •Companies like Haier plan cumulative hikes of about 15% between now and January, citing significant increases in copper prices, which have risen from USD 8,000-9,000 to USD 14,500 per metric ton.
- •Despite the increases, some executives suggest consumers might still find products at existing prices during the initial festive period as older inventory clears, with new prices fully taking effect post-Diwali.
Key Questions Answered
Leading consumer electronics makers are raising prices by 5 percent to 8 percent due to soaring input costs for metals like copper, steel, and crude derivatives, alongside currency exchange volatility stemming from the ongoing West Asia crisis.
Prices are set to rise for air conditioners, LED TVs, washing machines, refrigerators, and deep freezers.
While some brands are implementing hikes around October 1, consumers will still have an opportunity to buy appliances at existing prices during the festive season because dealers and distributors have stocked older-price inventory that will last through Diwali.
