Consumer appliances and electronic goods maker Haier India will soon hike prices of its refrigerators and air conditioners by up to 12 per cent due to spike in raw material costs.
"We are heading for a price increase due to higher raw material costs.. nobody wanted to do it before Diwali as it would upset the market... I do not have too much of inventory to carry. So, price will go up soon... as early as next week.
It's inevitable," Haier India President Eric Braganza told
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
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