Prices of consumer electronics to go up

Business

oi-Sunil

By Sunil Fernandes

Published: Friday, March 16, 2012, 16:21 [IST]

Refrigerators, airconditioners, microwave owens and other consumer durables and electronic products are slated to become costlier as excise duty increase sets in.

The excise duty hike of 2% in the Union Budget 2012-13 means that these products are likely to become significantly costlier.

Already interest rates are high for consumer durables and now the excise has acted as a double whammy. Shares of consumer durables like Videocon lost ground today.

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