COIMBATORE: Industrialists manufacturing water pump motors pointed out that the cost of a motor would go up by 5% in the market soon, due to a rise in input costs.
They said that unit operators in water pump motor manufacturing in the district are at a financial disadvantage in comparison to manufacturers in other states, especially Gujarat, as their product prices are lower than those produced in Coimbatore.
S Sabarikumar, a unit operator in Arasur said, “Motor pumps are manufactured at various horsepower (hp) parameters. Starting from 0.5 hp, this goes up to 30 hp. Normally, 3 hp to 5 hp motor pumps are used for agricultural purposes, while for domestic use, pump motors ranging from 0.5 hp to 3 hp are used. We source raw material such as copper, stainless steel and casting iron from various north Indian states. For instance, copper price has increased to Rs 1,005 from Rs 910 per kg in a six-month period. Similarly, casting iron’s price rose to Rs 120 from Rs 110 and stainless steel rose from Rs 130 to Rs 150 per kg.”
