LG hikes monitors, optical storage devices prices by 7-10 pc
Electronics major, LG Electronics India, today announced a hike of 7-10 per cent in its product categories like monitors and optical storage devices (OSD).
By PTI |
MUMBAI: Electronics major, LG Electronics India, today announced a hike of 7-10 per cent in its product categories like monitors and optical storage devices (OSD).
The increase in price will be done in a phased manner, starting with three per cent with immediate effect, a press release issued here said.
"It has become imperative for us to consider a price hike due to rise in exchange rate, which has gone up significantly in the last one month," the company's Business Group Head, Monitors and OSDs, R Manikandan, said.
In LCD monitors, the impact will be a combined effect of dollar appreciation, proportionate duty increase and the panel price increase, it said.
LG is a very well-known brand in the consumer electronics, home appliances, IT hardware and mobile communications space.
It has manufacturing facilities at Greater Noida and Ranjangaon.
The increase in price will be done in a phased manner, starting with three per cent with immediate effect, a press release issued here said.
"It has become imperative for us to consider a price hike due to rise in exchange rate, which has gone up significantly in the last one month," the company's Business Group Head, Monitors and OSDs, R Manikandan, said.
In LCD monitors, the impact will be a combined effect of dollar appreciation, proportionate duty increase and the panel price increase, it said.
LG is a very well-known brand in the consumer electronics, home appliances, IT hardware and mobile communications space.
It has manufacturing facilities at Greater Noida and Ranjangaon.
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