Price Hike of Products in India Announced

One of the world’s leading printer manufacturers has announced the price rise of its products in the Indian market.

According to business-standard.com, the list prices of HP’s products of different categories in India will increase 3% to 5%. HP reveals that the lift in price in India is to adjust to currency movement and worldwide commodity prices.

The company also discloses that the list prices of new arrivals will be swept by the price rising once the existing stock is sold out.

Rajiv Srivastava, the Managing Director of HP India stated, “HP is increasing the list price of its products in India. As a standard business practice, the company regularly reviews pricing and makes adjustments accordingly, based on a variety of factors including currency movement and commodities prices. Actual price increases will vary by product.”

IDC’s report shows that HP had grown 18.9% quarter on quarter in the second quarter of 2016. The company also witnessed 20% of growth in the entire consumer market in the third quarter of 2016.

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