Durables to cost more on higher input costs

With inflation touching a 13-year high of 11.05 per cent, consumer durables are set to see a further rise in prices and industry players fear there could be a slowdown in demand. "With the rise in input costs we have to go for the price hike of around three per cent in March and now with inflation crossing double digit mark there is possibility of another hike of around two per cent across different segments," said Godrej Boyce and Mfg Vice President Kamal Nandi.