Wednesday, December 28, 2011

Price Hike: LG, Samsung


giants such as LG and Karbonn Mobile phones have increased prices and Samsung, Panasonic and Micromax are planning to follow suit.

consumer electronics companies are on track to raise its prices for consumer durables and mobile phones up to 10 percent due to declines in the value of Indian rupee. This is more expensive imports, therefore, that these companies pay more.

giants such as LG and Karbonn mobiles raise prices, while Samsung, Micromax, Philips and Panasonic plan to increase the price up to 10 percent uskoro.Povećanje price of raw materials such as steel, aluminum and copper, are also striking electronics makers. According to the report, ET, YV Verma, chief operating officer, LG Electronics India, said, "Rupee depreciation takes its toll on the cost of production because imports become expensive. This is partly passed on to consumers ."

industry giants follow prices closely to-month basis, due to volatility in the commodities market and the depreciation of the rupee against dollar.It It is worth mentioning here that LG has increased its prices for some consumer durables for 4-5 per cent, or RS 300-500 for models entering razini.Rupija depreciated on a 32-month low RS 51.35 against the U.S. dollar on Friday.

Impact of price increases will be seen in all LG home appliance products, including washing machines, refrigerators and microwaves, he said. This is the second price hike announced by the company in just over a month. At the 27 September 2011 LG had hiked prices of its products, including front-loading washing machines and microwave ovens, up to 6 percent due to rupee depreciation.

Rival Samsung has raised the prices of your household appliances by 1.5 percent last month, citing high input costs and rupee depreciation are putting pressure.

Mobile phone makers like Karbonn mobile phones have also increased cijene.Mobitel maker has increased the prices of some of their cell phones for 5-10 per cent in recent times.

cell phone maker has increased the prices of some of their cell phones for 5-10 per cent in recent times. Micromaxx, which increased the cost of 5-7 percent is looking for another trip. BlackBerry maker Research In Motion has also increased the price of some of its handsets to Rs 1000 last month. Companies such as LG, Samsung, Acer, Leo, has increased the price of handsets to 10 percent before Diwali.

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