{"id":80925,"date":"2023-01-03T11:00:00","date_gmt":"2023-01-03T05:30:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=80925"},"modified":"2023-01-03T10:56:34","modified_gmt":"2023-01-03T05:26:34","slug":"biz-refrigerarotr-price-hike","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/biz-refrigerarotr-price-hike\/","title":{"rendered":"Refrigerator prices may rise up to 5% as revised BEE labelling norms come into force"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2145675988\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Prices of refrigerators are likely to increase by up to 5 per cent as the revised norms of the Bureau of Energy Efficiency (BEE) have become applicable from January 1 this year.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-4093144659\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div>\n<p>According to manufacturers like Godrej Appliances, Haier and Panasonic, implementation of the new norms may put an additional burden of 2-5 per cent on consumers, depending on the models.<\/p>\n<p>Besides tightening the labelling, the new norms also mandate separate star labelling for freezers and refrigerator provisioning units (storage part) of the frost-free models.<\/p>\n<p>&#8220;Now, we have to declare labelling for both. That is the new change,&#8221; said Godrej Appliances Business Head and Executive Vice President Kamal Nandi told PTI.<\/p><div class=\"trade-content_5\" id=\"trade-960992898\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p>When asked about the price increase, he said: &#8220;In every energy efficiency tightening, cost inputs go up a little bit to achieve those efficiencies through better insulation and around 2-3 per cent price hike because of this will be happening, depending on various models and star ratings&#8221;.<\/p>\n<p>Moreover, another change in the recent star labelling that is happening is the declaration of the net capacity of a refrigerator unit and not the gross capacity, Nandi said.<\/p>\n<p>Net capacity is the usable capacity of any refrigerator, while gross capacity is based on the total volume (of liquid) which could be stored in a unit.<\/p>\n<p>&#8220;For example, there are gaps between the door and shelves, which are not useable. So, those will not be considered,&#8221; Nandi added.<\/p>\n<p>This will help a customer to make a judicious decision while buying the refrigerator, based on the actual space available to them for storing.<\/p>\n<p>Haier Appliances India President Satish NS said after BEE revised norms, energy efficiency for refrigerators has been redefined.<\/p><div class=\"trade-content-10\" id=\"trade-3409583130\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p>&#8220;Some of the compressors have to be reloaded or changed. Definitely, we are looking for a 2-4 per cent price increase,&#8221; he said, adding &#8220;the cost would be passed on to the consumers&#8221;.<\/p>\n<p>Panasonic Marketing India MD Fumiyasu Fujimori said: &#8220;With the revised BEE norms coming into effect, we expect an impact on the pricing of refrigerators to go up to 5 per cent. We at Panasonic, are keeping a close eye on the development and will try to absorb maximum costs&#8221;.<\/p>\n<p>Entry-level buyers will face a challenge as affordability costs will rise, he added.<\/p>\n<p>According to a report from Research And Markets, the Indian refrigerator market was valued at USD 3.07 billion in 2022 and is anticipated to achieve a market value of USD 5.88 billion by 2028 with a CAGR of 11.62 per cent. PTI KRH RKL KRH BAL BAL<\/p>\n<div class=\"trade-after-content\" id=\"trade-1847681280\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Prices of refrigerators are likely to increase by up to 5 per cent as the revised norms of the Bureau of Energy Efficiency (BEE) have become applicable from January 1 this year. According to manufacturers like Godrej Appliances, Haier and Panasonic, implementation of the new norms may put an additional burden of 2-5 per cent [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":80971,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31],"tags":[],"class_list":["post-80925","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Refrigerator prices may rise up to 5% as revised BEE labelling norms come into force - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/biz-refrigerarotr-price-hike\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Refrigerator prices may rise up to 5% as revised BEE labelling norms come into force\" \/>\n<meta property=\"og:description\" content=\"Prices of refrigerators are likely to increase by up to 5 per cent as the revised norms of the Bureau of Energy Efficiency (BEE) have become applicable from January 1 this year. 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