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LG India to Hike AC Prices by 5-7% from October 1 Due to Rising Input Costs
M
Moneycontrol•28-09-2026, 23:26
LG India to Hike AC Prices by 5-7% from October 1 Due to Rising Input Costs
- •LG Electronics India announced a 5-7% price increase for air conditioners starting October 1, ahead of the festive sales.
- •The price hike is attributed to higher input costs, including elevated commodity prices, logistics, energy costs, and foreign exchange movements.
- •LG India has not yet decided on price revisions for other products like televisions, refrigerators, and washing machines.
- •Other major AC manufacturers such as Voltas, Lloyd, Godrej Appliances, and Hitachi have already implemented similar price increases.
- •Factors cited by manufacturers for price hikes include geopolitical developments, commodity prices, US dollar appreciation, and new BEE energy-efficiency standards.
Key Questions Answered
LG India is increasing its air conditioner prices by 5 to 7 percent due to rising input costs, which include elevated commodity prices, increased logistics expenses, energy costs, and foreign exchange movements.
No, LG Electronics India has stated that no decision has been made yet regarding the price revision of other products such as televisions, refrigerators, and washing machines.
Other leading AC manufacturers have cited geopolitical developments, higher commodity prices, and the appreciation of the US dollar against the rupee. Additionally, some companies pointed to the transition to enhanced Bureau of Energy Efficiency (BEE) standards and new temperature standardisation implemented this year.
