business / news / / The Economic Times
Rising costs of plastics and memory chips are forcing brands to raise prices.
Electronics prices will rise for the third time in four months by end of April.
KEY POINTS
- Mobile phones may see a 10-15% price increase, the highest among electronics categories.
- AI application demand is driving up memory chip prices, impacting laptops, smartphones, and TVs.
- AC and TV price hikes have erased the GST cut benefits for these products in India.
- Daily essentials like soaps now face price and pack size changes due to palm oil cost spikes.
COMPANIES
Summarized by Newsio from The Economic Times. How we summarize →