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2 clusters · 19 sources · 7 days · First seen · Last updated

Indian consumer electronics price hikes and festive demand

Overview

Major consumer electronics manufacturers in India announced price increases for home appliances effective October 1, 2026, ahead of the Dasara and Diwali festive season. Air conditioners were expected to see the highest increases, between 5% and 8%, while other products like washing machines and refrigerators were projected to rise by 3% to 4%. Companies including Blue Star, Godrej Appliances, Haier, Daikin, and Super Plastronics confirmed or announced hikes, with some reaching up to 10%. These adjustments were attributed to rising costs for raw materials such as copper, aluminum, steel, and crude oil derivatives, as well as increased freight costs and currency volatility.

Despite these price hikes, which marked the third round of increases in 2026, appliance makers anticipated double-digit sales growth during the festive period. Industry leaders projected that demand would be supported by a shift toward premium products, replacement needs, and easy financing options. For instance, Haier Appliances India projected a 30-35% increase in sales value, while the broader industry expected growth of 10% to 15%. Optimism was further bolstered by strong sales during the Onam festival and encouraging consumer inquiries.

Entities

Blue Star · Godrej Appliances · Panasonic · LG Electronics India · LG

Timeline

  1. [BUSINESS] 3 sources
    Consumer appliance makers in India expect double-digit festive sales growth

    Indian consumer appliance makers expect double-digit festive sales growth despite 5-8% price hikes driven by rising raw material and logistics costs.

  2. [BUSINESS] 16 sources
    Consumer electronics prices in India to rise from October 1

    Major electronics brands in India will raise prices on ACs, TVs, and washing machines by up to 8% starting October 1, driven by rising raw material and freight costs ahead of the festive season.

Sources

gujaratmitra.in · hindi.newsbytesapp.com · hindimilap.com · ibc24.in · in.mashable.com · indtoday.com · kannadaprabha.com · millenniumpost.in · navabharat.news · news9live.com · newsx.com · prabhatkhabar.com · publictv.in · rakhewaldaily.com · sanmarg.in · thefederal.com · thelivenagpur.com · tv9gujarati.com · tv9hindi.com