South Korean consumer goods major LG Electronics on Monday said in Mumbai that it would increase prices of its home appliances by three to five percent, due to the fall in rupee.
Director-Home Appliances Y.V. Verma said, "Due to continuous rupee depreciation, it has become imperative for us to consider price hike in India. Though we have been absorbing the increase in cost, it will become difficult to avoid this change in the market prices.
He added that the impact of the price hike would be seen in all LG home appliances products by three to five percent from June 18.
The Home Appliances division includes products like refrigerators, washing machines, microwaves, vacuum cleaners, air purifiers and dish washers.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.