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GST roll out hit consumers of white goods and prices are likely to go up from 4% and up to 20% . Reasons of Price rise been attributed :
* Prices of key raw materials such as steel, copper and plastic Aluminium have been rising
* TV-Panels got dearer by 3%, compressors for ACs & fridges by up to 4%
"We expect prices of TVs, refrigerators and microwave ovens to go up by 3-4 per cent due to the GST," said Manish Gupta, chief financial officer, Panasonic India.
Under margin pressure, companies had postponed price hikes till the festive season said Rajeev Bhutani, vice-president, marketing, #Samsung India Electronics,
We are also calculating the effect of higher prices of steel, copper and plastic. Hopefully, the increase will be spread over the coming months," said Kapil Agarwal, vice-president , Whirlpool ,