Page 2 - Air Conditioners

Voltas third quarter consolidated net profit down 25% to Rs 97 crore

Voltas Ltd on Friday reported 24.93 per cent decline in The Tata group firm had posted a consolidated net profit of Rs 128.64 crore for the year-ago period, Voltas said in a regulatory filing

How air cooling technologies are making rising global temperature worse

Air conditioners and refrigerators use hydrofluorocarbons, which heat up the earth.

LG tops online searches for ACs in 2021, HP leads laptop space: Survey

The study also covers TV sets, fridges, washing machines, dishwashers and other gadgets, and could help in planning inventory ahead of the festive season

Dixon, Hindalco, Daikin and 49 others apply for PLI scheme for white goods

The budgetary outlay of the scheme is Rs 6,238 crore. Any unutilized amount from the scheme allocation will be reviewed later

Voltas hits new high, soars 7% on hopes of demand recovery

The stock has rallied nearly 25 per cent in the last eight trading sessions hoping for demand to pick up ahead of the festive season and short summer in West India

India to phase out ozone-harming gases by 2023; industry says ready

The Union Cabinet decided to develop a national strategy for phasing down HFCs by 2023, so that industries can draw a roadmap for action

Start climate change battle with your AC

After Cooling has its greatest impact when it asks us to think deeply about the reasons humans wish to change the temperature of their surroundings

Sales of AC, other cooling products again hit by pandemic in peak season

For the second consecutive year, sales of air conditioners (ACs) and refrigerators have been hit during the peak season of April and May due to the localised lockdowns

Govt notifies Rs 6k cr PLI scheme for AC, LED light manufacturing

DPIIT has notified the Production Linked Incentive (PLI) scheme for white goods -- air conditioners and LED lights, with a budgetary outlay of Rs 6,238 crore

PLI to help create complete component ecosystem in India, says ICEA

The production-linked incentive (PLI) scheme announced by the government for air-conditioners and LED lights will help create a complete component ecosystem in India, mobile industry body ICEA said. The scheme is expected to attract global investments, generate large scale employment opportunities and enhance exports substantially, it added. This scheme is designed to create a complete component ecosystem in India and make India an integral part of the global supply chain, the body noted. On Wednesday, the government announced the PLI scheme for white goods - Air Conditioners and LED Lights - with a budgetary outlay of Rs 6,238 crore. The proposal was approved in a Union Cabinet meeting, chaired by Prime Minister Narendra Modi. ICEA Chairman Pankaj Mohindroo said: "The scheme is expected to attract global investments, generate large scale employment opportunities and enhance exports substantially. It will also lead to investments in innovation, research & development and ...

White goods, solar modules get Rs 10,738 crore worth of PLI push

While incentives worth Rs 6,238 crore would be provided over five years for manufacturing of white goods in India, the outlay for solar PV modules is Rs 4,500 crore

Cabinet approves Rs 6,238 crore PLI scheme for air-conditioners, LED lights

Local manufacturers may delay investments in building capacity to assemble

PG Electroplast to invest Rs 100 cr to expand its Ahmednagar plant

The expansion will create over 600 jobs locally and enable the company to improve both its capabilities and capacities for manufacturing Air Conditioners and other appliances, said PGEL in a statement

Air conditioners manufacturers commit to export target of 50% of sales

As part of the announcement, the Centre has earmarked over Rs 1.46 trillion for 10 sectors under the scheme.

Rich valuations may weigh on Voltas' cool outlook despite stellar Q3 show

Analysts turn cautious following a near 40 per cent gain in last three months

AC import ban to drive market share gains for Voltas, Blue Star and Havells

Investment in domestic manufacturing capacities will stand them in good stead; OEMs like Amber Enterprises to also benefit

DGFT's new rules for AC imports: Right move with little impact, say experts

While companies cannot import gas-filled AC units, there are no curbs on importing similar AC units without refrigerant

Festival boost: Home appliance makers look to regain some lost ground

CG Consumer among top picks because of increased demand for home and kitchen gadgets; Voltas preferred among AC makers

11 killed, 40 injured after 6 air conditioners explode in Bangladesh mosque

Sources said that sparking led to one of the A/Cs exploding which then triggered blasts in the other air conditioners of the mosque

Firms may look beyond mobiles to meet ambitious electronics goal

The last of the 2-part series analyses the challenges in ramping up non-mobile device manufacturing