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Price Hike Alert: Prices of These Home Appliances To Go Up from April 1

by Bellamkonda

HYDERABAD: Post the Lockdown, common man who is planning to purchase electronic Air Conditioners, Television unit, refrigerators, LED lights and mobile phones for their home will face the tough time as the prices of these electronic products were all set to hike from next month April, 2021. So if you are one among them who are planning to purchase either AC or TV this year then it s better to purchase them by end of this month March 31.

There are several reasons for the rise of AC and TV units price from April, 2021. As almost all companies in China have halted their production works of  electronic spare parts  due to the corona virus crisis in China. As a result, India is facing difficulties in importing spare parts for the manufacture of ACs and TV units. Spare parts imports are expected to decline from the second week of April, which will have a steep rise in the price of these products, due  to shortage of raw materials. The central government, on the other hand, has increased customer duty on imported spare parts in the 2021-22 budget which comes into effect from April, 2021.  Added to that Prices of LED TVs were already on rise as the cost of open-cell panels has gone up in the global markets by up to 35 per cent in the past one month. So an average cost of an AC is likely to increase from Rs 200 to Rs 1,000, there will be an increase by at least 3 percent to 5 percent.

Also Read: Top 5 Best Acs Under Rs 30000 In India 2021

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