LG Electronics India is one of the well known electronic products selling company in India and looking at current increase in prices all over the world, they are also planning to increase the prices of their products and this price hike is around 7-10%.Price hike is mainly on devices like optical storage devices and LCD monitors.
Even Business Group Head Monitors and Optical Storage Devices, Mr.R. Manikandan said same thing to explain the hike in prices. He said, “Maintaining same prices of products is slightly difficult for company due to rise in exchange rate, which is on the high side for last one month. Earlier the exchange rate was blow 40 but last month it has gone up and which is nearly 7%.This is main reason to increase the costs of products.”
