Mobile phones to be dearer
Posted on: 22/Jun/2013 12:16:28 PM
Owing to the depreciation of the value of the rupee against the dollar, mobile phones will be 10 per cent costlier. Many low cost mobile manufacturers have expressed disappointment.
‘Brands dependent on import will have to take price increase of about 10 per cent due to decline in value of rupee. Companies making mobile phone in India will be impacted to lesser extent but they will also have to increase price by 5 to 6%’, said Pankaj Mahindroo, National President of Indian Cellular Association`s (ICA).
‘We are carefully monitoring the situation and are hopefully expectant of the trend to reverse, however if not, like the fuel prices, the device costs will also have to undergo price correction’, said a Micromax statement.
