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Podcast: Cars and other durables to get costlier this festive season

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Cars and other durables to get costlier this festive season
With the rupee's continuous fall against the dollar automobile and consumer goods companies are facing a tough time. This festive season will see these goods become more expensive. LG, Haier, and Godrej Appliances have hiked prices by 3-5 per cent this month. Panasonic India is expected to increase product prices by 2-3 per cent soon as reported by the Business Standard. Maruti Suzuki, the country's largest carmaker, has increased prices across its models by up to Rs 6,100 in August. Hike in prices will naturally affect demand for these goods during the festive season, a time for bumper sales for these companies.

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