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AC PENETRATION IN INDIA
Heatwave drives surge in cold drink sales, AC and fridge demand stays weakIndia's scorching heatwave has boosted sales of soft drinks, ice-creams and dairy beverages, while higher prices and weak consumer sentimen...- Power, auto ancillary, and mid-size banks: Where Motilal Oswal Private Wealth is putting money nowMotilal Oswal Private Wealth is investing cash into key sectors. Power is a top pick due to rising demand. Auto ancillary firms are set to ...
- Startups spot a cool opening as ACs become everyday needAir-conditioners are becoming an essential purchase in India, attracting startups like Helium and Optimist into a market long dominated by ...
- Indians buy 14 million ACs a year, and need many moreMore Indians are buying air conditioners to combat extreme heat. AC sales are booming, driven by rising temperatures and incomes. This surg...
- Indians buy 14 million ACs a year, and need many moreMore Indians are buying air conditioners for heat relief. AC sales are increasing rapidly. This surge boosts electricity demand, mainly fro...
- 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...
- By 2035, EVs to consume 6 to 8.7 pc of India's electricity: ReportThe electric vehicles (EVs) in India are set to consume a significant share of the country's electricity by 2035, highlighted a report by I...
- Heat wave over! AC stocks face rain-test after rallying 76% in 6 monthsAC stocks surge post heatwave, showing robust growth amidst cyclicality risks. Price hikes fuel expectations of strong growth momentum and ...
- AC makers expect high double digit jump in sales in 2018Samsung, Godrej Appliances, Haier and Intex too expressed optimism over double-digit growth in AC sales numbers.
- Durables makers outshine FMCG companies as India buys moreOn average, nine leading consumer durables stocks have a P/E of 72.
- Buy Voltas Ltd., target Rs 390: Goldman SachsIndia's room AC market has grown at 12 per cent and 6 per cent CAGR over the past 15 and 5 years respectively
- Videocon aims 15% in AC market share in 2016; to sell 6L unitsVideocon said it is targeting 15 per cent market share in the air conditioners segment by selling 6,00,000 units in 2016.
- Videocon aims 15% in AC market share in 2016; to sell 6 lakh units"Further, we expect to increase our overall market share in the AC segment to 15 per cent from the current 10 per cent," he said.
- Godrej, Videocon launch premium model ACs to tap market demandGodrej and Videocon on Monday launched premium models to compete in a market dominated by foreign brands.
- Indian white goods market on verge of cyclical upturn: ReportAccording to the global brokerage firm, the Indian white goods market is under-penetrated and is on verge of a cyclical upturn.
- Voltas topples LG to be the No. 1 in AC businessThe AC market accounts for sales of 3.2 million units annually but has been witnessing tepid growth over the last two years.
- Air-conditioner makers bet on fresh models, good traction for better sales this summerAC makers like LG, Voltas, Panasonic and Videocon are hoping for good sales growth this season on the back of fresh models with new technol...
- Blue Star eyes 5-6% growth in Indian AC mkt by 2015Blue Star, an airconditioning and commercial refrigeration major, on Friday said it was eyeing 5-6 per cent growth in next four years.
- India to be LG's largest AC market in 2012: Sewoo ParkIndia will pip America to become the world's largest airconditioner market for LG Electronics in 2012, said Sewoo Park, the company's vice-...
- Samsung eyes 22 pc of Indian AC market this yearKorean consumer electronic major Samsung is gearing up for the upcoming summer with plans to corner about 22 per cent of the expected 2.25 ...
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