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The Economic Times

Economy / The Economic Times

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Costly Diwali: Appliance makers set to serve up another price shock

Leading manufacturers such as LG, Samsung, and Daikin are raising prices of consumer appliances by 5-10%. This increase is attributed to rising costs of raw materials, including copper, steel, and aluminium. Companies are concerned about the impact on sales growth during the festive season this year. Previously, businesses aimed for minimal price increases to maintain festive demand levels.

28 Sep 2026 12:24 am