Business

TV sets of 32-inch plus size may get costlier

But manufacturers are reducing the prices of TV sets sized up to 27-inch by up to 8% to extend the GST benefit to consumers.

New Delhi: Television makers are mulling to increase prices of their products of 32 inch and above sizes from next month to offset the adverse impact of depreciating rupee against US dollar. While Haier is planning to increase the prices by up to 5%, Sony and Panasonic are closely monitoring the situation.

Meanwhile, the manufacturers are reducing the prices of TV sets sized up to 68 cm (27 inch) by up to 8% to extend the GST benefit to consumers. Consumer electronic major Haier is planning to increase the prices of its TV sets from the third week of August to ward off the higher panel costs.

Panasonic is also expecting a hike in the TV sets very soon. Sony will take any decision over price hike at an appropriate time.

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