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Analysis: Know why home appliances such as TVs and fridges going to be expensive

Monday - November 26, 2018 1:17 pm , Category : WTN SPECIAL
Approximate up to 7 percent of the household products can be expensive
Approximate up to 7 percent of the household products can be expensive

Domestic products to be expensive due to falling rupee and increased excise duty

NOV 26 (WTN) - If you are going to buy home appliances like TVs and refrigerators, then for your information, let you know that these goods can be expensive after the next month. According to the information, received from the media, sustainable consumer goods companies are considering increasing the prices of their products after the festival season. Companies claim that they have temporarily suffered the burden of increased costs in view of the festive sales; rather transmitted to customers.

Now, you may be wondering why companies are thinking of increasing the price, so let’s describe you the information that the cost of these products has been increased due to the falling in the rupees against the dollar and the increase in customs duty. Because of these reasons, companies are making an option to increase the price to cover this loss. Companies say that after the festive season, it is their compulsion to increase the cost to complete the losses

According to information received from the media, Panasonic India is ready to increase the prices of its products by up to seven percent, while some other companies have already increased or are going to increase the price. According to the information, since the rupee has fallen in comparison to the dollar in the past few months, its effect is naturally at the cost.

It is being said that the companies making domestic consumer products have tried very hard to bear the burden of the cost of the increased cost, for which the companies have made a lot of efforts, but considering the market conditions, the companies will now have decided to increase the price from the next month from 5 to 7 percent. Because if the companies didn’t do this then the cost value would increase significantly in the coming time, after which if the price increases suddenly, then the burden of the consumer will be heavy.

Although it was planned to increase the price hikes much earlier, but in view of the festive season in India, companies didn’t increase the price as customers consume more sustainable items during this period, so after the festive season, companies have decided to increase the prices of their products.

For your information, let you know that festive season starts in India on 14th January, which is called Sankranti and Onam, and this season ends with Deewali after Dussehra. According to the information, during this season, one-third of the total sales of the industry is achieved during the festive season. So, now that the festival season is going to start from January 14 after the New Year, the companies are increasing the prices just so that before the commencement of the festive season, customers should make their mind up that the prices have been increased.