rediff.com

NewsApp (Free)

Read news as it happens
Download NewsApp

Available on  

Rediff News  All News 
Rediff.com  » Business » Rupee fall: LG to hike prices of home appliances

Rupee fall: LG to hike prices of home appliances

June 17, 2013 15:58 IST

South Korean consumer goods major LG Electronics on Monday said it would increase prices of its home appliances by 3 to 5 per cent due to the fall in rupee.

"... due to continuous rupee depreciation, it has become imperative for us to consider price hike in India. Though we have been absorbing the increase in cost, it will become difficult to avoid this change in the market prices.

"The impact of the price hike would be seen in all LG home appliances products by 3 to 5 per cent from June 18," LGEIL Director-Home Appliances Y V Verma said.

The Home Appliances division includes products like refrigerators, washing machines, microwaves, vacuum cleaners, air purifiers and dish washers. 

© Copyright 2013 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.