More Indians are buying air conditioners to combat extreme heat. AC sales are booming, driven by rising temperatures and incomes. This surg...

More Indians are buying air conditioners for heat relief. AC sales are increasing rapidly. This surge boosts electricity demand, mainly fro...

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...

AC stocks surge post heatwave, showing robust growth amidst cyclicality risks. Price hikes fuel expectations of strong growth momentum and ...

AC makers also hope that slightly higher temperatures this summer, as predicted by the Met department, will push sales in the coming months.

Samsung, Godrej Appliances, Haier and Intex too expressed optimism over double-digit growth in AC sales numbers.

On average, nine leading consumer durables stocks have a P/E of 72.

India's room AC market has grown at 12 per cent and 6 per cent CAGR over the past 15 and 5 years respectively

Videocon said it is targeting 15 per cent market share in the air conditioners segment by selling 6,00,000 units in 2016.

"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 and Videocon on Monday launched premium models to compete in a market dominated by foreign brands.

According to the global brokerage firm, the Indian white goods market is under-penetrated and is on verge of a cyclical upturn.

The AC market accounts for sales of 3.2 million units annually but has been witnessing tepid growth over the last two years.

AC 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, an airconditioning and commercial refrigeration major, on Friday said it was eyeing 5-6 per cent growth in next four years.

India will pip America to become the world's largest airconditioner market for LG Electronics in 2012, said Sewoo Park, the company's vice-...

Korean consumer electronic major Samsung is gearing up for the upcoming summer with plans to corner about 22 per cent of the expected 2.25 ...