Retail in Asia

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Amway India to hold prices despite cost pressures

Despite pressure on input costs, Amway has no plans to increase its product prices in the near future. "A price hike is not something we do frequently. Over the 12 years since we started operations in India, we increased prices only three times, and the last time was a year ago," says William S Pinckney, managing director and CEO of Amway India.

Without mentioning any specific product, Pinckney said Amway is all set to launch a range of new products in the health and wellness category. "Health and wellness will remain the company’s core focus area, which contributes 50 percent to the overall turnover in India," he says.