Air Conditioners

Will make India our manufacturing hub, triple our exports by 2025: Daikin

In India, Daikin will begin a new plant in August, and it will manufacture air conditioners and compressors

Unseasonal rain slows AC sales, manufacturers expect pick-up from Apr

The unseasonal rainfall has put a brake on the sales of residential air conditioners, which had started to pick up early this year from mid-February as the temperature was rising. Now, in the second half of March, sales of AC have been impacted, however, makers see it as a "temporary phenomenon" and are hopeful of reaching their targets from April onwards when heat waves would start. Overall the AC industry, which had record sales of around 8.25 million units in 2022, expects to continue its double-digit growth journey this season also led by the prediction of harsh temperature and an elongated summer season. Panasonic Life Solutions India said it has witnessed a minor drop in sales due to unseasonal rains. "However, we have a long summer ahead and we are hopeful of meeting our targets if there are not too many weather disturbances like this," Panasonic Life Solutions India Business Head - Air Conditioners Group Gaurav Sah told PTI. When asked about the impact on sales after ...

Early summer to boost white goods, premium segment to grow in double digits

Most firms anticipate high demand for ACs, refrigerators, coolers and fans, and are running at full production capacity to ensure they have enough inventory to meet demand

Shares of air-conditioner makers rally up to 7% amid heat wave alert

Analyst at Jefferies believes FY24E should see both Air-Conditioner (AC) and Engineering segments of Voltas being in a sweet spot.

Voltas posts net loss of Rs 110.49 cr in Q3 on overseas provisions

Air conditioning and engineering services provider Voltas Ltd on Thursday reported a consolidated net loss of Rs 110.49 crore for the third quarter ended December 2022 on account of provisioning made on overseas projects. The Tata group firm had posted a consolidated net profit of Rs 96.56 crore in the October-December quarter last fiscal, Voltas said in a regulatory filing. Its revenue from operations was up 11.82 per cent to Rs 2,005.61 crore during the quarter under review as against Rs 1,793.59 crore in the year-ago period. Voltas had a profit before exceptional items and tax of Rs 56.93 crore in the third quarter of FY23. Its expenses on exceptional items were at Rs 137.39 crore. "The profit was impacted due to provision of Rs 137 crore (exceptional item) made on overseas projects," Voltas said in its earning statement. Its total expenses stood at Rs 1,946.72 crore, up 17.89 per cent from Rs 1,651.27 crore a year ago. Voltas' revenue from "unitary cooling products for comfor

IIT Kanpur develops novel technology to turn ACs into air purifiers

This technology comes as a simplistic handy tool, which can be easily mounted atop regular ACs and utilised by switching on 'fan mode'

Hitachi Energy to supply transformers for NTPC renewable energy park

The NTPC REL facility in Kutch produce electricity to support 8 million people

World's biggest air-conditioner maker Daikin doubles down on India

Daikin Industries Ltd is betting that sales and production in India will eventually make up a bigger part of the company as the nation outpaces global growth

AC sales touch record 6 mn units in first half of 2022 amid scorching heat

Air conditioner demand has witnessed a sharp uptick and the industry has registered a cumulative record domestic sales of nearly 6 million units in the first half of this year.

Blue Star eyes Rs 10k cr revenue in medium term, to enter western countries

Air conditioning and commercial refrigeration major Blue Star aims to grow its revenue to Rs 10,000 crore in the medium term and plans to enter North American and European markets, according to the latest annual report of the company. The company is now gearing up for the next phase of growth and as part of that, is focusing on building scale. The next phase of growth will see Blue Star becoming a more eminent player on the international front and consolidate its position in the Middle East, Africa, and South Asia regions with deeper market penetration and the introduction of innovative products and solutions, said Vice Chairman & Managing Director Vir S Advani. "We have set more ambitious goals to expand our global footprint with a strategy to enter North America and Europe as an Original Design & Manufacturing (ODM) solutions provider," said Advani while addressing shareholders. Besides, Blue Star will further strengthen its R&D and innovation capabilities and deploy the

Adani, LG among 15 firms chosen by DPIIT for round-2 of white goods PLI

Rs 1,368 cr committed for manufacturing ACs and LED light components; Total production pegged at Rs 25,583 crore over five years, with 4,000 direct job opportunities

LocalCircles asks MoCA for standard after sales service for white goods

In its letter it has asked for publishing end of life service date on every white good/device, stipulated response time for complaint answering, issue resolution, resolution process

Cooling items in hot demand; refrigerator, AC sales jump: Croma report

As per Croma's 'Unboxed Summer 2022' report, sales of refrigerators have shot up more than 100 per cent over 2021, while those of air conditioners (ACs) jumped by three times

Consumer durables market hit as containers pile-up at Shanghai port

Consumer durable companies in India have stocked up on components, but inventory could start to dry-up from mid-May onwards.

AC sales hit record high of 1.75 million units in April, says CEAMA

Already, in April the industry has clocked the sale of around 17.5 lakh units, which is also an all-time high for the month.

Record sales of residential air conditioners in April amid scorching heat

The early arrival of summer and the subsequent heatwave led to soaring demand for residential air conditioners, with Voltas, Panasonic, Hitachi, LG and Haier posting record growth sales in April.

LG India eyes 30% growth in home appliances business in 2022

According to Deepak Bansal, Vice President, Home Appliances and Air Conditioners, LG did a good business in 2021 and the company has logged turnover growth of more than 20 per cent

Heatwave pushes Delhi's power demand to 5,735 MW, highest ever in April

This increase in demand amounts to over 28 per cent from April 1, 2022, when the city clocked 4,469 MW power demand

India risks widespread blackouts this summer: Here's why

Since the middle of March, the grid has routinely reported maximum loads above 195,000 MW, including a peak of 199,584 MW on April 8 - less than 0.5% below the record

Summer windfall for AC- and fridge-makers may hit Chinese wall

Manufacturers of summer appliances are happy with the recent spur in demand, but are also apprehensive of lockdown in parts of China leading to supply chain disruption. Here's an insight into it