To prevent a potential shortage during a brutal summer, the Indian government has exempted certain AC and refrigerator components from mand...

India's AC and refrigerator production is expected to face challenges this summer due to limited compressor supplies. Chinese manufacturers...

Some like Haier and Midea Group are using a mix of cash reserves and loans including external commercial borrowings (ECBs), while financial...

Daikin India and Taiwan's Rechi partnered to make AC compressors in Sri City. The new factory will start production by late 2024. This redu...

Japan's Daikin Industries has invested ₹1,400 crore in its Indian subsidiary to enhance local manufacturing. The funds will support the exp...

These firms have now written to the government to seek certification for manufacturing units in other Asian nations, a senior government of...

Tata-owned home appliance manufacturer, Voltas, plans to manufacture air-conditioner compressors in India with a partner from either Japan ...

This investment into component eco-system has ensured that over 65% of LG’s ACs made in India are from parts locally sourced as compared 40...

The proposed investments are to support the Tata-owned air-conditioner and home appliance maker's pace of growth, ensure its leadership sta...

"Three labourers died, while three others were injured in the incident. Further investigation was underway and we will register a case at t...

The new facility, spread over 22 acres, will have a capacity to produce 8 million compressor units a year, which will be expanded in the fu...

Voltas, Blue Star, Dixon, China’s GMCC, Amber Enterprises, Panasonic, Lloyd and Hindalco are set to apply for the government’s production-l...

At present, the domestic production capacity of these components is only 40% of the total requirements for refrigerators and 20% for air-co...

After hike in customs duty raises heat, co finds imports under FTA cheaper, may scale them up

LG, which has moved to more energy-efficient inverter ACs, has also began exporting to Sri Lanka and is exploring opportunities in neighbou...

Through the plant, the company seeks to expand its presence in the global market for AC compressors, particularly in BRICS countries, it sa...

Sanden Vikas India Pvt Ltd (SVL), a maker of air conditioning systems used in cars, will invest Rs 100 crore in setting up a manufacturing ...