LG hikes prices
Posted on: 18/Jun/2013 3:02:15 PM - No. of views : (2126)
LG Electronics has announced that it will hike prices of its entire range of home appliances by up to 5 per cent. The company�s home appliances range includes refrigerators, washing machines, microwaves, vacuum cleaners, air purifiers, water purifiers and dish washers.
�Due to continuous rupee depreciation, it has become imperative for us to consider the price hike in India. Though we have been absorbing the increase in cost but it will become difficult to avoid this change in the market prices. The new prices will be applicable from June 18, 2013. The impact of the price hike would be seen in all LG home appliances products by 3-5 per cent... We hope that our partners and patrons will cooperate with us in this situation�, said LG Electronics India Pvt Ltd (LGEIL) Director (Home Appliances) Y. V. Verma.
