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Appliance Prices Soar October 1: Festive Sales May Offer Minimal Savings This Diwali!
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News18•28-09-2026, 09:54
Appliance Prices Soar October 1: Festive Sales May Offer Minimal Savings This Diwali!
- •Prices for ACs, TVs, and washing machines will increase by 5-8% from October 1, marking the third hike this year.
- •Major brands like Blue Star, Haier, Daikin, Godrej Appliances, and Super Plastronics (Thomson, Kodak, Blaupunkt TVs) are implementing price increases.
- •The primary reason for the price hike is the soaring cost of copper, steel, aluminum, plastics, and crude oil derivatives, exacerbated by a stronger dollar and increased freight costs.
- •Festive discounts during Amazon and Flipkart sales may only offset the price increases, meaning consumers will likely pay similar 'old' prices.
- •Some good news: Dealers stocked up on inventory at old prices, which may cover Diwali sales, but new prices will fully take effect after November 8.
Key Questions Answered
Appliance prices are rising primarily due to surging costs for copper, which reached USD 14,500 per tonne, alongside spikes in steel, aluminium, plastics, crude oil, freight costs, and a stronger US dollar driven by the West Asia crisis.
The 5 to 8 percent price hikes will largely cancel out upcoming festive discounts on major appliances, meaning consumers will end up paying prices similar to old regular rates instead of getting deep discounts.
Not immediately, because dealers and distributors pre-bought inventory at old prices in August and September. This old-price stock is expected to cover most of the Diwali shopping season before new prices fully take over.
