Cars, TVs, ACs to Cost More From April: Up to 6% Price Hike Amid Gulf Crisis
Cars, TVs, ACs to Cost More From April: Up to 6% Price Hike Amid Gulf Crisis
- •Prices of cars, two-wheelers, TVs, refrigerators, and ACs may rise by 5-6% from April due to surging raw material and logistics costs.
- •Automakers like Mercedes-Benz and Audi have already announced 2% price hikes effective April 1; mass-market brands are finalizing revisions.
- •Key drivers include higher costs of plastics, resins, polymers, rising freight rates, and the weakening rupee amid West Asia tensions.
- •Shoes, synthetic fibre-based apparel, and decorative household paints could see even steeper increases, up to 9-10%.
- •Godrej Enterprises and Berger Paints India confirm price hikes, citing volatile supply chains and increased crude derivatives costs.
