Manufacturers Announce Price Increases Amid Rising Input Costs Post-Gulf War

Following the Gulf war, manufacturers across sectors are planning price increases due to rising input costs, including plastics, resins, and polymers, along with higher freight rates and rupee depreciation. Automakers like Mercedes-Benz and Audi have announced around 2% hikes effective April 1, while consumer electronics and appliances may see 5-6% increases. Prices of shoes, synthetic fibre apparel, and decorative paints could rise by up to 9-10%. Industry leaders cite limited options amid volatile supply chains despite recent GST reductions.