Prices of electronic products to be huge | Electronic Goods

Electronic Goods Price Going To Increase

The prices of electronic products are going to go up hugely. Prices of electronic products such as televisions, refrigerators, washing machines, air conditioners and microwave ovens will rise by about 20 per cent as input costs rise by 15 to 40 per cent. As the prices of copper, zinc, aluminum, steel, plastics, etc. used in the manufacture of these goods have risen sharply, so have the prices of electronic goods.

Copper, junk and aluminum prices have risen by 40-45 per cent in the last five months, while MDI chemicals used in the manufacture of foams used in refrigerators and chest freezers have gone up by 200 per cent, plastics by 30-40 per cent and shipping by 40-50 per cent. Dots will appear. This is the first time in the last few years that prices have risen so sharply. Prices are set to rise from September. But companies say they have postponed the price hike for fear that it could have an impact on festive sales. Industry sources said that with the end of the festive season, prices are likely to go up, with prices likely to go up later this month or early next month.

The Center will increase import duty on open-cell panels used in the manufacture of LED / LCD screens. There are no tariffs on imports of these panels until September. The Center levied the tariff at 5 per cent in October. The price of TVs will also go up by 5 per cent due to the tariff hike on these panels. He said the situation was due to a shortage of these in the global market. In India, prices of electronic products are likely to rise by 8 to 10 per cent in the first quarter of next fiscal.