The government is exploring measures to curb energy consumption in the air conditioning sector, as demand in this segment is expected to spike in the coming years, a senior official said on Monday. Secretary in Department for Promotion of Industry and Internal Trade (DPIIT), Amardeep Singh Bhatia said that in this area, the government is not only looking at introducing new technologies, but also talking about transfer of technologies to promote domestic manufacturing. "As far as the energy consumption side is concerned, there are various areas where you can reduce energy consumption. So there are a number of steps we are looking at...our energy consumption demand is going to be huge in the AC sector in the coming times," he said here at an event. He said these measures are aimed at reducing energy consumption footprint in the country. "So that is something we are designing. We are working with the World bank on it. We are not only looking at introducing new technologies, but also .
As lower GST rates take effect on Monday, sales of air-conditioners, TV sets surged dramatically with buyers rushing to grab cheaper deals offered by retailers at the beginning of the Navratra festival. Neighbourhood kirana stores also witnessed a modest rise in sales of daily essentials as well as food items. The new two-slab GST (goods and services tax) structure of 5 per cent and 18 per cent has replaced the earlier four-rate duty regime following GST Council's sweeping reform aimed at boosting consumption across the country. This led to price cuts of most of the common-use items ranging from foods, toiletries and cosmetics to white goods such as TV and air-conditioners from Monday, which also coincides with the beginning of the nine-day annual Navratra festival. Dealers of home appliance segment said room-air conditioning (RAC), which has come under 18 per cent tax rate from 28 per cent earlier, witnessed almost double sales on the very first day. "Trends of primary regular sa
The eventual tax rate on ACs is not clear but it is now at the maximum 28 per cent, so the planned cut should help dealers and manufacturers, who have struggled this year due to a cooler summer
Unrelenting heatwave across north and east regions has spiked sales of room air-conditioners (RAC) in June, but intermittent rains in several part of the country amid peak demand season have forced the industry players to lower sales projections to 10-15 per cent for this year. The summer, which is the peak season for sales of room air-conditioners, has disappointed AC makers this time, though there are some silver lining in June with impulse purchases happening due to the heatwave. RAC makers said after having an encouraging numbers in February and March, helped by an early arrival of summer, they were expecting a high double-digit volume growth of around 25 per cent from the last year, and had also built up inventory. "We all had planned for a 25 to 30 per cent growth, which is not going to take place. This is a disappointing summer; that is the truth. It is part and parcel of the game," Blue Star Managing Director B Thiagarajan told PTI. "We have to manage the situation and move
The air-conditioning industry will comply with the new temperature standardisation announced by the government within a couple of months, including resetting its inventory, without passing any additional costs to consumers. Leading room-air conditioner (RAC) makers such as Voltas, LG Electronics, Blue Star and Haier have welcomed the move and said the move will not only help the industry to grow sustainably by saving energy, but also optimise energy consumption, reduce grid load in peak summers and also extend the lifespan of the units. On Tuesday, Power Minister Manohar Lal Khattar said the government is working on a framework to standardise the default temperatures of air conditioners, including those in automobiles, in the range of 20 to 28 degrees Celsius. The industry will have to go for some minor modifications in the designs and settings of the remote control and its firmware (software embedded into hardware devices) for its implementation and needs up to six months for its .
The plan, although at an initial stage, reflects the government's focus to boost energy efficiency as electricity consumption soars
The move aims to cut peak power consumption, reduce emissions and electricity bills, and promote energy efficiency amid rising cooling demand in a warming climate
This would help bring in more efficiency in cooling and can potentially control sudden power demand spikes as well as slash electricity bills
Frozen treats aren't just a dessert - they are a cooling ritual especially during the blistering heat of Indian summers from April through June
Consumers may be able to turn in their old units and receive a certificate that can be redeemed while purchasing a new five-star AC, that can save up to ₹6,300 a year in electricity bills
Of the total capex, Rs 200 crore will be allocated to the third phase of its Sri City plant to increase room air conditioner capacity by 12 lakh units from the current 8.5 lakh units
Appliances and consumer electronic maker Samsung India is planning a comeback into the residential air-conditioner market, which witnessed unprecedented sales growth in summer this year. The company is planning to launch over a dozen models of inverter ACs for its 2025 lineup in the next few weeks, expanding the total number of stock-keeping units (SKUs) to 15-16, an industry insider told PTI. Its room air conditioner (RAC) will have Samsung's DNA of smart features such as its propriety Bespoke AI solutions, targeting consumers looking to buy premium ACs and extra features, he said. A decade back, Samsung was the second-largest player in the RAC segment, having over 15 per cent market share in the 2014-15 fiscal year. However, Samsung lost steam in the segment after the company diverted its resources and energy to high-growth areas such as mobile phones, smart TVs, LED displays, etc. The Indian appliances market is witnessing a trend of premiumisation, where consumers are picking u
According to Sanjiv, joint secretary, Department for Promotion of Industry and Internal Trade (DPIIT) the latest round will attract investment worth Rs 4121 crore
The company has set a roadmap to enter the top three in terms of market share in key categories like air conditioners, refrigerators, and washing machines
The department for promotion of industry and internal trade (DPIIT) on Monday asked white goods manufacturers to participate in large numbers to avail fiscal benefits under the production linked incentive scheme for the sector as the response has been muted so far. Additional Secretary in the DPIIT Rajeev Singh Thakur said that the department has again reopened the application window for the PLI (production linked incentive) scheme for white goods (ACs and LED lights). The application window is open from July 15 to October 12. "In the PLI in white goods scheme, somehow the response has been muted. ...Probably due to various reasons not sufficient response has come. So I request (the industry) to have a look and probably this time, you can consider (applying)," Thakur said at the CII Consumer Electronics and Durables Summit 2024 here. So far, 66 applicants with committed investment of Rs 6,962 crore have been selected as beneficiaries under the PLI scheme. The Union Cabinet had gi
Cost disadvantage for Indian manufacturers competing with other countries falls to 12% from 18% earlier
Quick delivery service Swiggy Instamart said it is seeing a sharp rise in orders for ice cream and cold beverages
No-frills carrier SpiceJet on Wednesday said the air conditioning in its Delhi to Darbhanga flight "experienced slight inefficiency" during boarding at Delhi Airport even as media reports suggested that passengers had to wait inside the aircraft for an hour without air-conditioning. The air-conditioning, however, kept working normally throughout the journey and the flight also departed on time, SpiceJet said. "SpiceJet flight SG 476 from Delhi to Darbhanga on June 19, scheduled to depart at 11 am, departed on time without any delays. During the boarding in Delhi, the air conditioning initially experienced slight inefficiency due to extreme weather conditions and both doors of the aircraft being open, as boarding was not via the aerobridge," the Gurugram-based domestic carrier said in a statement. The airline's statement came amid media reports that passengers of SpiceJet's Darbhanga flight from Delhi had to wait inside the aircraft without air-conditioning for an hour. The airline
Flames were still simmering under some collapsed portions of buildings and a cooling operation is underway, officials said on Friday
An AC unit installed in a two-storey building in Vasundhara in Ghaziabad, Uttar Pradesh burst into flames on Thursday morning