Consumer electronics and appliance makers are set to raise prices of air conditioners, LED TVs, washing machines and other products by 5-8% from October 1, as higher costs of copper, steel, aluminium and crude derivatives, along with currency volatility and rising freight expenses, squeeze margins, according to industry executives cited by PTI.
The increase comes just ahead of the peak festive shopping season and will mark the industry's third round of price hikes in 2026.
