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K J JAWA
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...
- 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...
- Unfazed by slow start, AC industry expects double-digit growth, over 11.5 mn unit sales this seasonDespite a slow start, the sale of air conditioners in India is expected to pick up with manufacturers aiming for double-digit growth to sur...
- Daikin to accelerate supply of Made in India products, third plant goes on streamThe new plant spread across 75.5 acres has been set up as part of a PLI scheme and it helps the company leverage on India's manufacturing p...
- Unseasonal rain slows AC sales momentum, manufacturers expect sales pick-up from AprilThe unseasonal rains in March have impacted sales of air conditioners, but makers regard it as a "temporary phenomenon" and are hopeful of ...
- Daikin India to invest Rs 500 crore to set up R&D centre in Rajasthan"The R&D centre will look at building products that not just suit Indian consumers but will also focus on creating technologies which are s...
- Daikin lays foundation stone of its upcoming third mfg facility at Sri City, Andhra PradeshThis new factory would be ready for commercial production in 2023, and would elevate Daikin India to become the largest manufacturer of Air...
- Consumer durables industry: Double digit growth hopes brighten 2022 horizon despite chip shortage concernsWith the government's production linked incentive (PLI) scheme for white goods, which has witnessed a committed investment of Rs 4,614 cror...
- PLI to help to Indian AC industry to compete globally, local component ecosystem in 3-4 yearsThis will provide a conducive manufacturing environment and the companies would get the opportunity to manufacture high-quality products th...
- Fierce race starts in India’s premium motorcycle segment, Royal Enfield's sway set to face tough testThe premium motorcycle market in India (classified as 200cc plus) sees annual sales of 800,000 and its undisputed king has for long been Ro...
- Buy Eicher Motors, target price Rs 16,955: Emkay GlobalThe brokerage has cut earnings estimates by 18 per cent/15 per cent for FY21E/F22E to factor in near-term volume pressures.
- Daikin sees 20 per cent growth in home airconditioner sales on early summer"If summer continues like this, then we are expecting a volume growth between 18-20 per cent this year," Daikin Airconditioning India MD K ...
- Daikin plans new manufacturing unit in India; eyes Rs 2,500 crore turnoverThe company is expecting that new VRV IV technology would help it to consolidate its position in the commercial air conditioning segment.
- Daikin eyeing 20% revenue growth this fiscalDaikin's major growth driver would be inverter room ACs and VRV (Variable Refrigerent Volume) segment this year said Managing Director K J ...
- 'Factors favour Indian AC market'Summer is still a few months away, but the country’s Rs 9,400-crore air-conditioning industry has started gearing up to push sales.
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