Pumpset prices revised upwards
The Indian Pump Manufacturers’ Association and other engineering associations have announced an increase in pump prices effective June 1. This decision comes in response to rising costs of raw materials and logistics, which have significantly impacted manufacturers, especially MSMEs. Despite previous price adjustments, the associations indicate that pumps remain under-priced compared to manufacturing costs.
- ▪The price of pumps will increase starting June 1.
- ▪Manufacturers are facing pressure due to rising costs of raw materials and logistics.
- ▪Pumps are currently under-priced by up to 10% compared to manufacturing costs.
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The Indian Pump Manufacturers’ Association (IPMA), Southern India Engineering Manufacturers’ Association (SIEMA), and Rajkot Engineering Association (REA) have decided to increase the price of pumps from June 1.The associations expressed concern over the unprecedented rise in raw material, logistics, energy, and compliance costs, which is placing severe pressure on pump manufacturers, particularly MSMEs.Prices of key inputs such as copper, aluminium, stainless steel, silicon steel, cast iron, cables, and allied components have increased sharply over the past year. Despite phased price revisions up to May 31, 2026, manufacturers have been unable to fully absorb the escalation, making further price hike unavoidable.
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