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Ahead of the peak festival season, leading appliances and consumer electronics makers are going to increase prices of air conditioners, LED TVs, washing machines and other products by 5 per cent to 8 per cent effective from October 1, passing on the rise in inputs of soaring metals such as copper, steel, crude derivatives as well as currency exchange volatility due to the ongoing West Asia crisis. This will be the industry's third round of price hikes in 2026, with manufacturers saying sustained inflation in key inputs such as copper, aluminium, steel, and crude oil derivatives, coupled with higher freight costs, has made further price revisions unavoidable. Air-conditioner prices are set to rise 5-8 per cent; some players are also increasing prices of washing machines, refrigerators and LED TVs by 3-4 per cent, industry executives said, while others are still evaluating the impact. While some companies fear the hike could affect festive demand, others believe the impact will be ...
The West Asia conflict and a surge in AI server demand have caused a shortage of printed circuit boards, a key hardware platform, which in turn has triggered a price rise in the electronics industry. This crunch in printed circuit boards (PCB) -- a hardware platform on which components are fixed in electronic products -- stems from rising material costs, supply chain disruptions in key shipping routes, and component diversion toward high-end artificial intelligence hardware. The shortage of PCBs comes at a critical juncture for Indian industry as several major investments amounting to over Rs 15,000 crore are in the pipeline under the Electronics Components Manufacturing Scheme (ECMS) amid rising domestic demand. A senior official of electronics manufacturing services firm Syrma SGS told PTI that the recent strike of Iran on facilities in Saudi Arabia has triggered a shortage of some of the chemicals that are used for making PCBs. "The current quarter and the subsequent quarter wil