Whirlpool Corp.'s Indian arm will likely raise prices beginning June in line with an expected price hike across consumer durable companies, Press Trust of India reported May 14.
Whirlpool of India Ltd. managing director Sunil D'Souza reportedly told PTI that consumer durable firms in the country will start raising product prices due to rising input costs brought about by increasing oil prices and a depreciating rupee.
"On the cost side, right now, we are seeing a bit of turbulence. ... We do see the cost creeping up. Oil and rupee hit everyone and we do expect the industry to inch up prices as a response to that. We will move in line with the industry," D'Souza said.
He added that it would be difficult to estimate how much the increase would be, but said it would begin in June, according to the report.
As of May 14, US$1 was equivalent to 67.56 Indian rupees.
