Old inventory in the channel is also moving fast, as consumers hope to lock in prices before the new BEE ratings set in
The government has reopened the application window for the PLI scheme for white goods (ACs and LED Lights) till November 10, according to an official statement released on Friday. The application window for round four, originally open from September 15 to October 14, has been extended in view of the strong industry response and increasing investment appetite under the Scheme. The PLI scheme for White Goods, launched in April 2021 with a total outlay of Rs 6,238 crore, aims to boost domestic manufacturing, promote component localization, and strengthen India's global competitiveness in the air conditioner and LED lighting sectors. "The Department for Promotion of Industry and Internal Trade (DPIIT) has extended the application window for Round 4 of the Production Linked Incentive (PLI) Scheme for White Goods (Air Conditioners and LED Lights) till 10th November 2025," it said. The scheme is to be implemented over a seven-year period, from 2021-22 to 2028-29.
Samsung India on Thursday said it experienced "strong growth" in the appliances business during the nine-day-long auspicious Navratri period, supported by recent GST reforms by the government and promotional offers. The sales of premium televisions jumped two-fold, as compared to the corresponding festive period last year, according to a statement issued by the country's leading appliances & consumer electronics maker. Additionally, it has also reported growth in its room air conditioner sales. Growth in sales of air conditioners and TVs was aided by the recent GST reforms by the government, which saw a substantial drop in taxation rates, leading to price reductions across consumer goods and appliances, such as TVs (above 32-inch screen size), air conditioners, and dishwashers. "Samsung's appliances business saw strong growth during the first leg of the festive season (September 22 to October 2) on account of attractive deals that included cashback offers, easy finance and ...
Analysts highlighted elevated channel inventory, delayed consumer purchases, and a weak summer season as key challenges for the quarter for Voltas.
Amber is poised for healthy long-term growth on the back of diversification of the consumer durables segment beyond RACs, improved capacity utilization and broader product offerings across segments.
The District Commission pointed out that under consumer law, the seller is equally accountable for ensuring that the buyer receives a defect-free product
Electronics and appliances industry may close the year with 20% growth, says one executive
GST Council has reduced rates on TVs, ACs and dishwashers to 18% from 28% which may boost consumer demand ahead of Diwali
Indian Cellular and Electronics Association seeks GST cut on air conditioners and television sets to improve affordability, boost domestic sales and enhance India's competitiveness in global markets
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
This spring, the owners installed air conditioning - discreet Mitsubishi Compact+ units mounted against the exposed stone walls to preserve the château's traditional charm
The early arrival of the monsoon impacted seasonal sales for Room ACs, making Q1 a more subdued start to the year.
We often see airconditioning as a luxury that middle-class families and small businesses cannot afford
New BEE labelling rules will make appliance tags clearer and more useful with energy use, QR codes, and origin details to guide consumers toward efficient purchases
Nomura said scrapping the 12 per cent GST slab could bring major tax relief for tractors and ACs, boosting demand and pricing.
The Power Ministry is drafting a scheme to replace ACs older than 10 years with 5-star rated models, potentially offering rebates and buybacks
Johnson Controls-Hitachi Air Conditioning India rose today after the board declared an interim dividend of ₹36 per equity share (360 per cent) of ₹10 each for the year 2025-26.
According to JM Financial, Voltas and the overall RAC industry saw a 20-25 per cent year-on-year (Y-o-Y) volume decline in April and May, primarily due to unseasonal weather.
Rain came early, sales didn't as cooling firms face a bloated inventory and damp volume squib
Researchers have found that coordinating large numbers of home air conditioners can help balance power grid supply and demand-without compromising indoor comfort or raising room temperatures