LG, Samsung, Daikin and others to raise appliance prices in India by up to 10% from October 1
AI Market Summary
Indian appliance makers (LG, Samsung, Daikin, Voltas) plan 5–10% price hikes from Oct 1, citing sharp increases in inputs such as copper (+34–35% YoY), steel, and aluminium. The move signals persistent upstream cost inflation and may support near-term industrial metals pricing, while raising risks of demand softening during the key Navratri/Diwali consumption window.
Impact level
● Medium
Affected assets
NCCO724COPPER2USD/USDT-1.72%
AI Insight · NCCO724COPPER2USD/USDTAI Insight
▲ Bullish
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Indian appliance makers are set to launch another round of price increases ahead of Diwali, lifting prices of air conditioners, TVs, refrigerators and washing machines by 5-10% from October 1. Companies say surging costs for inputs such as copper, steel and aluminium are driving the move. It is the third increase this year, taking cumulative hikes since January to 16-18%, prompting concerns that higher prices could weigh on festive-season sales growth.
