Govt exempts critical AC and refrigerator components from BIS certification to prevent shortage during summerTo prevent a potential shortage during a brutal summer, the Indian government has exempted certain AC and refrigerator components from mand...
19 Mar, 2025, 12.13 AM IST
Chinese compressor freeze may turn up the heat on IndiaIndia's AC and refrigerator production is expected to face challenges this summer due to limited compressor supplies. Chinese manufacturers...
10 Feb, 2025, 11.34 PM IST
To fund expansion, Chinese electronics and auto companies like Xiaomi, SAIC and Haier in India tap reserves, loansSome like Haier and Midea Group are using a mix of cash reserves and loans including external commercial borrowings (ECBs), while financial...
26 Dec, 2024, 06.20 AM IST
Daikin India and Rechi Precision, Taiwan set up JV for compressor manufacturing, design and sales for HVAC industryDaikin India and Taiwan's Rechi partnered to make AC compressors in Sri City. The new factory will start production by late 2024. This redu...
17 Dec, 2024, 01.01 PM IST
Japan's Daikin invests ₹1.400 crore in India unit to boost outputJapan's Daikin Industries has invested ₹1,400 crore in its Indian subsidiary to enhance local manufacturing. The funds will support the exp...
19 Sep, 2024, 11.09 PM IST
Nike, Carrier have a problem as India rubBIShes China factories' quality certification applicationsThese firms have now written to the government to seek certification for manufacturing units in other Asian nations, a senior government of...
23 Nov, 2023, 11.03 AM IST
Voltas revives plans to make AC compressors in IndiaTata-owned home appliance manufacturer, Voltas, plans to manufacture air-conditioner compressors in India with a partner from either Japan ...
23 Oct, 2023, 06.08 PM IST
LG to invest Rs 300 crore to manufacture air-conditioner components in IndiaThis 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...
27 Mar, 2023, 02.45 PM IST
Voltas to invest Rs 1,000 cr for capacity expansionThe proposed investments are to support the Tata-owned air-conditioner and home appliance maker's pace of growth, ensure its leadership sta...
06 Nov, 2022, 11.52 PM IST
Three workers killed in AC compressor blast at RCF unit in Maha's Raigad"Three labourers died, while three others were injured in the incident. Further investigation was underway and we will register a case at t...
19 Oct, 2022, 09.48 PM IST
Samsung to invest Rs 1500 crore to set up new plant in SriperumbudurThe 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...
15 Mar, 2022, 04.11 PM IST
PLI scheme: Voltas, Blue Star among AC biggies planning to invest ₹3,000 croreVoltas, Blue Star, Dixon, China’s GMCC, Amber Enterprises, Panasonic, Lloyd and Hindalco are set to apply for the government’s production-l...
08 Sep, 2021, 06.21 AM IST
Prices of refrigerator and AC likely to go up due to customs duty increase on compressorAt present, the domestic production capacity of these components is only 40% of the total requirements for refrigerators and 20% for air-co...
02 Feb, 2021, 12.57 AM IST
After Television, Samsung now starts importing Air-conditionersAfter hike in customs duty raises heat, co finds imports under FTA cheaper, may scale them up
19 Feb, 2019, 07.44 PM IST
LG registers 27% growth in AC sales in first half of 2017LG, which has moved to more energy-efficient inverter ACs, has also began exporting to Sri Lanka and is exploring opportunities in neighbou...
31 Jul, 2017, 08.34 PM IST
Shanghai Hitachi commissions AC compressor plant in GujaratThrough the plant, the company seeks to expand its presence in the global market for AC compressors, particularly in BRICS countries, it sa...
26 Nov, 2013, 09.29 PM IST
- Sanden to invest Rs 100 cr to set up manufacturing plant
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 ...
25 Sep, 2007, 07.10 PM IST