Most of northwest Europe is critically unprepared for a world in which heatwaves are the norm, not an exception
Air-conditioner and refrigerator makers reported strong volume and value growth as prolonged heat and delayed monsoon boosted demand despite multiple price hikes
Voltas crosses 1 mn AC sales in record time: Looking ahead, the outlook for FY27 remains positive, supported by India's underlying growth trajectory and favourable structural drivers, Voltas said.
Voltas said robust consumer demand, an expanded distribution network and marketing initiatives helped it cross the 1 million air-conditioner sales mark in record time during FY27
South Korean consumer electronics major LG expects India to continue to be its number one market globally for residential air conditioning by sales volume with the country offering significant growth potential, according to a senior company official. India, which is among LG's top three HVAC (heating, ventilation, and air conditioning) markets globally along with the US and Brazil, however, has room for growth in the commercial air conditioning business, LG Electronics Head of Eco Solution Asia/India Sales & Marketing Department, Kiyoon Seong told visiting Indian journalists here. "India has a large population and relatively low AC penetration, which indicates significant growth potential. India is already one of LG's top three HVAC markets globally. In the RAC (residential air conditioning) business, India is LG's number one market worldwide in terms of sales volume," he said. Seong was responding to a query on the significance of the Indian market for LG and its ranking among ...
A UC Berkeley study says stricter air-conditioner efficiency standards can reduce peak power demand, lower electricity bills and help India avoid future power shortages
Government urges consumers to conserve electricity as heatwaves drive record power demand, with peak consumption crossing 270 GW this week
India's cooling demand is surging with rising heat and incomes, but outdated rules are slowing adoption of cheaper, cleaner refrigerants that could ease pressure on the power grid
Unseasonal rains and West Asia conflict may hit demand and costs, but Blue Star expects 20 per cent growth backed by strong long-term AC market expansion
PG Electroplast share price surged up to 9 per cent on Tuesday after the company said its AC production has normalised despite LPG shortage. Analysts see limited Q4 impact; maintain positive outlook.
Air-conditioner manufacturers are treading cautiously after unusual rainfall triggered by western disturbances swept large parts of the country that could potentially disrupt early summer demand, which typically drives sales. The industry is also jittery over the recently announced price hikes amid the ongoing geopolitical tension in West Asia that led to an increase in prices of raw materials, such as plastics, while limited availability of LPG gas, impacting production. Because of plastic, prices of other large appliances such as washing machines are also likely to rise 10-12 per cent, industry leaders indicated. March is traditionally when demand for cooling products accelerates, but the unusual weather has left manufacturers jittery. However, industry executives remain hopeful as they expect a rise in temperature in April. "If you look at the weather, beyond next week, temperature is moving up now in Delhi and parts of north India," said Kamal Nandi, Business Head and EVP, ...
Strong summer demand, low base and inventory push to support AC growth despite price hikes, raw material inflation and evolving energy efficiency norms
Analysts are positive on AC stocks amid strong summer demand outlook, though they caution that LPG/PNG shortages and rising input costs could impact production in near-term
Air-conditioner makers warn of production risks as LPG shortages linked to the West Asia conflict disrupt supply of fuel used in brazing and coating processes
Blue Star announced the launch of a new range of room ACs for the summer 2026, aimed at strengthening its presence in residential and commercial cooling segments
As the mercury starts rising, leading room airconditioner makers are increasing prices in the range of 5-15 per cent to offset sustained increases in raw material costs and supply chain expenses. The hikes, being rolled out between February and April, come just ahead of the peak summer season when demand typically surges. Leading players, including Daikin, Voltas, Blue Star, LG, Haier, and Mitsubishi Heavy Industries, have announced increases across models, passing on higher input costs for key raw materials such as copper, a weaker rupee, new energy-efficiency norms and an increase in freight costs. Industry executives said while adjustments are unavoidable, they expect strong sales momentum this year, aided by forecasts of a hotter summer and improved energy savings from new star-rated models. Daikin India is going to increase prices by up to 12 per cent from April, and the hike in prices would depend on model to model, its Chairman & Managing Director Kanwaljeet Jawa told ...
As the mercury starts rising, leading room airconditioner makers are increasing prices in the range of 5-15 per cent to offset sustained increases in raw material costs and supply chain expenses. The hikes, being rolled out between February and April, come just ahead of the peak summer season when demand typically surges. Leading players, including Daikin, Voltas, Blue Star, LG, Haier, and Mitsubishi Heavy Industries, have announced increases across models, passing on higher input costs for key raw materials such as copper, a weaker rupee, new energy-efficiency norms and an increase in freight costs. Industry executives said while adjustments are unavoidable, they expect strong sales momentum this year, aided by forecasts of a hotter summer and improved energy savings from new star-rated models. Daikin India is going to increase prices by up to 12 per cent from April, and the hike in prices would depend on model to model, its Chairman & Managing Director Kanwaljeet Jawa told ...
Carrier's ₹1,000 crore investment in a new AC plant strengthens Sri City's position as India's cooling hub, with manufacturers expanding capacity and the region gaining strategic supply advantages
The stock price of Voltas was up 3% to ₹1,545.15, surpassing its previous high of ₹1,530 touched on March 19, 2025 on the BSE.
Industry estimates show only a tenth of Indian households own an AC, compared to two-thirds in China and one-third in Thailand