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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
Ahead of the peak festival season, leading appliances and consumer electronics makers are going to increase prices of air conditioners, LED TVs, washing machines and other products by 5 per cent to 8 per cent effective from October 1, passing on the rise in inputs of soaring metals such as copper, steel, crude derivatives as well as currency exchange volatility due to the ongoing West Asia crisis. This will be the industry's third round of price hikes in 2026, with manufacturers saying sustained inflation in key inputs such as copper, aluminium, steel, and crude oil derivatives, coupled with higher freight costs, has made further price revisions unavoidable. Air-conditioner prices are set to rise 5-8 per cent; some players are also increasing prices of washing machines, refrigerators and LED TVs by 3-4 per cent, industry executives said, while others are still evaluating the impact. While some companies fear the hike could affect festive demand, others believe the impact will be ...
The government has made energy efficiency star-labelling mandatory on a host of appliances, including refrigerators, televisions, LPG gas stoves, cooling tower, and chillers from January 1. According to a gazette notification issued by the Bureau of Energy Efficiency, the new regulation for energy efficiency star-labelling will also apply on deep freezers, distribution transformers and grid connected solar inverter. Earlier, star labelling was voluntary on these items like frost-free refrigerators, direct cool refrigerators, deep freezers, RAC (cassette, floor standing tower, ceiling, corner AC), colour televisions and ultra-high definition televisions. An official on condition of anonymity said the list of mandatory appliances for star labelling is updated from time to time. The draft regulation for these appliances was introduced in July 2025 for public feedback and these changes are based on the response received from stakeholders. Star labelling was earlier made mandatory on r
Haier Appliances India, an appliance & Consumer electronics maker, expects around 25 to 30 per cent growth this festive season, helped by GST reduction on large screen TV sets and room-air conditioners, its President NS Satish has said. The company, which is investing Rs 1,500 crore in its Greater Noida-based plant and scouting land for a new factory in South India to cater to the domestic and export opportunities, said this GST reduction is expected to increase the localisation drive and 'make-in-India' project. "Definitely, the GST benefit will increase the consumption. So as the consumption increases, the scale of production also goes up. So, obviously, the investment, which we had already planned, will take it on a faster track," Satish told PTI. According to Satish, this GST reform is "one of the boldest moves" by the government of India to boost the economy. Earlier this month, the government, as part of its next-generation GST reforms, reduced the duty on TV screens above .
Voltbek Home Appliances, a joint venture between Voltas and Turkish firm Arelik, narrowed its losses to Rs 241.89 crore in FY25 while its revenue from operations rose 39.5 per cent to Rs 2,235.53 crore. According to the latest annual report of the Tata Group firm, Voltbek also achieved robust volume growth of 57 per cent on a year-on-year basis, outperforming the industry, which experienced single-digit growth in key categories. In the preceding financial year ended March 2024, the joint venture had recorded a revenue from operations at Rs 1,602.87 crore and a loss of Rs 267.09 crore. "Voltbek, the company's home appliances joint venture, recorded a 56 per cent year-on-year growth in volumes, with notable market share gains in refrigerators and washing machines," said Voltas. Moreover, in FY25, Voltas invested Rs 102.41 crore in the share capital of Voltbek Home Appliances Private which was established in 2017 by the Tata group firm and Arelik, a Turkish multinational household ...