Prices of TV and appliances likely to go up by around 10% from January 2021

December 28, 20208:30 pm
Advertisements

Prices of TV panels (Opencell) have also gone up by over two-folds due to short supply by the global vendors, while cost of plastic has also gone up due to rise in crude oil prices, said manufacturers

Terming it as imminent and unavoidable, manufacturers such as LG, Panasonic and Thomson are going to increase the prices from January, however, Sony is still reviewing the situation and is yet to take a call on this.

“We expect the increase in commodity prices to impact our product pricing in near future. I anticipate the prices to go up by 6-7 per cent in January itself and may go up to 10-11 per cent towards end of FY Q1,” said Panasonic India President & CEO Manish Sharma.

Source: Link

Click to goto:

Home                     News

Advertisements
author-avatar

Shekhar Yadav

I am a full time stock market investor. The blog is an extension of my research, thoughts & opinion. Please don't consider anything on this website to be an investment advise.

Leave a Reply

Your email address will not be published. Required fields are marked *