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Despite a 5-8 per cent increase in prices of air-conditioners and other consumer appliances ahead of the festive season, manufacturers are hopeful of recording double-digit growth in sales, led by premiumisation, replacement demand, easy financing and improved consumer sentiment. The latest price increase, the third round of revisions this year, has come ahead of the peak festive season, with higher costs of copper, aluminium, steel and crude derivatives, besides rising freight expenses and currency fluctuations prompting companies to raise prices. The industry, which started the festive season on a positive note with strong sales during Onam in the South, expects the momentum to continue through Navratri and Diwali, aided by premiumisation, replacement demand and easy availability of consumer financing. Consumers are increasingly opting for larger-capacity and feature-rich appliances, including energy-efficient and smart connected products, which is expected to support value growth
Amazon has launched its first fulfilment centre and sort centre in Uttar Pradesh's Varanasi ahead of the festive season, the company said in a statement. According to Amazon, the new fulfilment centre has a storage capacity of one lakh cubic feet, while the sort centre spans 13,000 square feet. The facilities will help speed up deliveries to customers in Varanasi and nearby areas and create hundreds of local jobs. The new facilities are being operated by logistics industry partner firms, the company said in the statement on Tuesday . "With the expansion, Amazon now has two fulfilment centres, five sort centres and 170 last-mile delivery stations across Uttar Pradesh," it said. Amazon said the Varanasi expansion is part of its nationwide network expansion, involving 20 new fulfilment centres, six sort centres and 150 last-mile delivery stations. The company said the expansion has increased its total storage capacity by 50 per cent to 64 million cubic feet and sorting space by 25 p