Hot AC stocks: Sizzling summers, increasing demand, affordability all set to push up the stocks of these companies, but challenges remainRoom air conditioner companies anticipate robust growth in the March 2025 quarter. Early summer heat is expected to drive demand. Higher re...
28 Apr, 2025, 10.39 AM IST
Chinese AC compressor import rules eased for a year to tackle shortageTo address a critical shortage, the Indian government has temporarily waived mandatory BIS certification for air-conditioner compressor imp...
23 Apr, 2025, 10.54 PM IST
India stays cool, thanks to China. Can that change?India anticipates intense heat from April to June. This could strain the air conditioner market. The industry relies on imported components...
21 Apr, 2025, 03.25 PM IST
India warms up to China to stay cool this summer; Asks AC, fridge cos to build factories for compressorsThe Indian government is exploring flexible joint ventures between Indian and Chinese firms for manufacturing air conditioner and refrigera...
28 Mar, 2025, 10.53 AM IST
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
AC Demand set to surge in India: Amber Enterprise, Voltas could give 17-23% return in1 yearThe Indian RAC industry is witnessing strong demand in FY25 despite compressor shortages. Manufacturers have managed supply issues through ...
14 Mar, 2025, 11.24 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
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
India faces potential summer shortage of ACs, fridges due to BIS refusal of Chinese suppliersIndia may have a shortage of air conditioners and refrigerators by summer 2025. The Bureau of Indian Standards has not recertified over 50 ...
20 Nov, 2024, 06.15 AM IST
Unprecedented AC demand forces makers to airlift components from abroadAir-conditioning manufacturers in India are facing a surge in demand due to a relentless heatwave, leading to emergency airlifting of compo...
19 Jun, 2024, 04.24 PM IST
Electronics, phone makers stare at cold festive salesThe fresh challenges come at a time when the industry is already facing a shortage of components, which has intensified along with price in...
28 Jul, 2021, 09.29 AM IST
L&T sourcing 22 oxygen generators to donate to hospitals across IndiaEngineering major Larsen & Toubro is in the process of sourcing components to assemble and deliver 22 units of oxygen generators to hospita...
05 May, 2021, 12.57 PM IST
Indian Railways develops low-cost ventilator 'Jeevan', seeks ICMR approvalThe prototype is now awaiting ICMR clearance to go into production, the Railways said.
06 Apr, 2020, 10.36 AM IST
Make in India: Carrier Midea to reach out its suppliersAir-conditioner maker Carrier Midea India is reaching out to its suppliers, many of whom are owned by one of its parent – China's top white...
14 Mar, 2020, 01.25 PM IST
AC prices to go up by 5 per cent due to customs duty hike, rise in logistics cost amid Coronavirus scareWhile presenting the budget, Finance Minister Nirmala Sitharaman had proposed to hike the basic customs duty to 12.5 per cent from 10 per c...
23 Feb, 2020, 04.10 PM IST
Fire breaks out at BPCL refinery in Mumbai, over 40 injuredThe fire was in the compressor shed of the hydrocracker plant and led to an explosion.
09 Aug, 2018, 11.34 AM IST
Palatana project in Tripura resumes generationThe power project, combined with linked transmission and upstream gas supply network, has attracted investments of around 10,000 crore.
23 Dec, 2013, 02.57 PM IST