Air conditioner (AC) makers are lining up launches for the upcoming summer season, underlining the benefits of the good and service tax (GST) rate cuts announced earlier this year, which will ensure that prices of high energy-efficient ACs do not weigh on consumer pockets.
New Bureau of Energy Efficiency (BEE) star labelling norms are also set to be implemented from January 1 next year, pushing up the prices of ACs, though the GST cut will cushion the blow. In September, the government reduced the GST on ACs from 28 per cent to 18 per cent.
Haier, which launched a range

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