LG's CRT monitors to cost more

NEW DELHI: CRT monitors from LG Electronics India Pvt Ltd will cost

approximately two per cent more from June 16 onwards.

The price hike is due to the escalation of input costs, LG said.

Commenting on the hike, Manikandan, general manger (Sales and Marketing), IT

products, LGEIL said, “The US dollar rate is on a rise which has resulted in

additional costs on imported raw materials for CRT monitors. Also prices of raw

material have increased sharply especially copper. Thus, given the current

market scenario, price hike for CRT monitors was inevitable.”

“We have tried to minimize the effect on consumers by absorbing these

rising input costs over the years but the trend is on a constant rise and we

have reached at a level where absorbing the entire cost internally seems to be a

tough proposition,” he added.

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