LG Electronics hikes product prices by up to 6 percent

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Electronics and IT products maker LG Electronics India announced a hike of up to 6 percent in prices of its products owing to rupee depreciation.

“Due to continuous rupee depreciation, it has become imperative for us to consider the price hike in India,” Sanjoy Bhattacharya, Product Group Head, IT, LG Electronics India (LGEIL) said.

The impact of the price hike would be seen on all IT products by 6 percent.

It also increased prices of some consumer durables by 3 percent.

“The price hike is applicable on front loading washing machines, microwave owens and flat cathode ray tube appliances,” Y V Verma, COO, LGEIL said.

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