Rising input costs due to strengthening of the US dollar and increase in oil prices will make price hikes of consumer durable products inevitable from June, Godrej Appliances said.
"With the rise in US dollar and oil prices, inputs costs for the companies has gone up.. price hike (of consumer durables) is inevitable," Godrej Appliances Business Head and Executive Vice President Kamal Nandi told PTI.
When asked about the quantum of hike by Godrej Appliances, he said: "We are observing the price movements... the quantum of price hike will depend on how the US dollar and oil prices move... US dollar at over Rs 66 against rupee is already high...Price hike will happen after June, when we have to order for new inventory."
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