Several large companies already took price hikes on air conditioners, washing machines, television sets, and other home appliances in January. However, companies said that higher input costs merit another round of hikes in the current quarter across a range of products. Price hikes will, however, be passed on in tranches, the companies said. “The increase in commodity prices in Q4 did lead to an upward revision of prices for the white goods industry. However, price hikes will have a negligible impact on the volumes in the medium-term, it said.

Source: Mint May 30, 2021 09:11 UTC