NEW DELHI, June 4 -- Large consumer appliance makers are planning another round of price hikes that may reflect in markets as and when states start lifting the lockdown in a phased manner. This comes against the backdrop of raw material prices continuing to rise.
Several large companies already hiked prices of air conditioners, television sets, washing machines, and other home appliances in January. However, higher input costs merit another round of hikes in the current quarter across a range of products, the companies said. The price hikes will, however, be passed on in tranches, the companies said.
"The increase in commodity prices in Q4 did lead to an upward revision of prices for the white goods industry. We strive to use the best qua...