In a bid to offset rising input costs due to the rupee’s depreciation against the dollar, Godrej Industries’ subsidiary Godrej Appliances has increased prices of its consumer durable products across categories by up to 5%. Following the price hike, the company is selling air-conditioners, refrigerators, washing machines and microwave ovens at prices ranging from Rs 4,790 to Rs 44,800.
Godrej Appliances has two units at Mohali and Pune with a capacity to manufacture 2 million refrigerators and 0.5 million washing machines.
Godrej Industries is part of the Godrej group, one of the leading business groups in India and is in the businesses of Oleo-chemicals, surfactants, finance & investments and estate management. It has substantial interests in several industries including property development, oil palm plantation, animal feeds and agro-products, poultry, personal care and household care etc., through its subsidiaries, associate companies and joint venture.
