AC Prices to Soar: Copper Price Hike to Hit Consumers Hard This Summer

• AC prices are expected to rise significantly due to a nearly 60% increase in copper prices over the last year.
• Copper is a crucial component in AC coils, wiring, and other parts, making manufacturers pass on the increased costs.
• Industry reports suggest AC prices could jump by 7-10%, impacting consumers planning purchases this summer.
• The surge in copper prices is attributed to green energy transition, electric vehicle demand, AI data centers, and supply chain issues.
• Companies like Voltas, Havells, Crompton Greaves, and Polycab are preparing to implement price hikes.

Why It Matters: Consumers will face higher AC prices this summer due to a sharp increase in global copper costs.