Eveready hikes prices of dry cell batteries

KOLKATA: Dry cell batteries major Eveready Industries India has hiked the prices of its batteries.

"Excise duty on batteries has gone up by 2 per cent, after the concessional rate of excise duty earlier allowed for consumer durables was not extended beyond December, 2014.

The same quantum is now being recovered through price increases with immediate effect by rationalisation of trade margins," Eveready Managing Director Amritanshu Khaitan said in a statement today.