With an aim to pass on impact of rupee deprecation to consumers, Bajaj Electricals is planning to undertake price hike in July. The company plans to implement price hike in products like Induction Cookers and Steam Iron. Further, the company expects 100 bps improvement in consumer durable margins and is targeting 20-22% growth in consumer durables segment and 18-20% growth in lighting segment.
Bajaj Electricals (BEL), part of the Rs 20000 crore Bajaj Group, is engaged in business appliances, fans, lighting, luminaries and engineering and projects.
