Retail in Asia

In Trends

Haier may hike product prices 3-5pc in Jun

Home appliances company Haier India, a 100 percent subsidiary of Haier Group of China, might soon hike the price of its products by 3-5 percent.

"Rupee depreciation has been hitting us. We are looking to further hike prices by 3-5 percent in June if the slide does not stop," said Eric Briganza, President, Hair Appliances (India).

Thirty five percent of the company’s sales have import content, sourced from other manufacturing facilities in China, Thailand etc.