Consumer durable companies are witnessing a slowdown in sales of finance-linked products after banks and finance companies reduced their lending, fearing a sharp rise in defaults.
Child Rights and You, an NGO working for the rights of underprivileged children in the country, has embarked on a brand-building exercise to raise funds as it seeks to expand into semi-urban and non-English speaking parts of the country. CRY plans to raise as much as Rs 55 crore (Rs 550 million) in the next one year.
Videocon plans to raise prices by 5-10 per cent across all product categories. LG India said it may raise prices of its range of washing machines and refrigerators. Godrej plans to raise prices of its washing machine, refrigerator, air-conditioner and microwave range. Haier India is likely to hike prices of washing machines and televisions.
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