Page 7 - Air Conditioners

Blue Star eyes Rs 10k cr revenue in medium term, to enter western countries

Air conditioning and commercial refrigeration major Blue Star aims to grow its revenue to Rs 10,000 crore in the medium term and plans to enter North American and European markets, according to the latest annual report of the company. The company is now gearing up for the next phase of growth and as part of that, is focusing on building scale. The next phase of growth will see Blue Star becoming a more eminent player on the international front and consolidate its position in the Middle East, Africa, and South Asia regions with deeper market penetration and the introduction of innovative products and solutions, said Vice Chairman & Managing Director Vir S Advani. "We have set more ambitious goals to expand our global footprint with a strategy to enter North America and Europe as an Original Design & Manufacturing (ODM) solutions provider," said Advani while addressing shareholders. Besides, Blue Star will further strengthen its R&D and innovation capabilities and deploy the

Adani, LG among 15 firms chosen by DPIIT for round-2 of white goods PLI

Rs 1,368 cr committed for manufacturing ACs and LED light components; Total production pegged at Rs 25,583 crore over five years, with 4,000 direct job opportunities

LocalCircles asks MoCA for standard after sales service for white goods

In its letter it has asked for publishing end of life service date on every white good/device, stipulated response time for complaint answering, issue resolution, resolution process

Cooling items in hot demand; refrigerator, AC sales jump: Croma report

As per Croma's 'Unboxed Summer 2022' report, sales of refrigerators have shot up more than 100 per cent over 2021, while those of air conditioners (ACs) jumped by three times

Consumer durables market hit as containers pile-up at Shanghai port

Consumer durable companies in India have stocked up on components, but inventory could start to dry-up from mid-May onwards.

AC sales hit record high of 1.75 million units in April, says CEAMA

Already, in April the industry has clocked the sale of around 17.5 lakh units, which is also an all-time high for the month.

Record sales of residential air conditioners in April amid scorching heat

The early arrival of summer and the subsequent heatwave led to soaring demand for residential air conditioners, with Voltas, Panasonic, Hitachi, LG and Haier posting record growth sales in April.

LG India eyes 30% growth in home appliances business in 2022

According to Deepak Bansal, Vice President, Home Appliances and Air Conditioners, LG did a good business in 2021 and the company has logged turnover growth of more than 20 per cent

Heatwave pushes Delhi's power demand to 5,735 MW, highest ever in April

This increase in demand amounts to over 28 per cent from April 1, 2022, when the city clocked 4,469 MW power demand

India risks widespread blackouts this summer: Here's why

Since the middle of March, the grid has routinely reported maximum loads above 195,000 MW, including a peak of 199,584 MW on April 8 - less than 0.5% below the record

Summer windfall for AC- and fridge-makers may hit Chinese wall

Manufacturers of summer appliances are happy with the recent spur in demand, but are also apprehensive of lockdown in parts of China leading to supply chain disruption. Here's an insight into it

Voltas third quarter consolidated net profit down 25% to Rs 97 crore

Voltas Ltd on Friday reported 24.93 per cent decline in The Tata group firm had posted a consolidated net profit of Rs 128.64 crore for the year-ago period, Voltas said in a regulatory filing

How air cooling technologies are making rising global temperature worse

Air conditioners and refrigerators use hydrofluorocarbons, which heat up the earth.

LG tops online searches for ACs in 2021, HP leads laptop space: Survey

The study also covers TV sets, fridges, washing machines, dishwashers and other gadgets, and could help in planning inventory ahead of the festive season

Dixon, Hindalco, Daikin and 49 others apply for PLI scheme for white goods

The budgetary outlay of the scheme is Rs 6,238 crore. Any unutilized amount from the scheme allocation will be reviewed later

Voltas hits new high, soars 7% on hopes of demand recovery

The stock has rallied nearly 25 per cent in the last eight trading sessions hoping for demand to pick up ahead of the festive season and short summer in West India

India to phase out ozone-harming gases by 2023; industry says ready

The Union Cabinet decided to develop a national strategy for phasing down HFCs by 2023, so that industries can draw a roadmap for action

Start climate change battle with your AC

After Cooling has its greatest impact when it asks us to think deeply about the reasons humans wish to change the temperature of their surroundings

Sales of AC, other cooling products again hit by pandemic in peak season

For the second consecutive year, sales of air conditioners (ACs) and refrigerators have been hit during the peak season of April and May due to the localised lockdowns

Govt notifies Rs 6k cr PLI scheme for AC, LED light manufacturing

DPIIT has notified the Production Linked Incentive (PLI) scheme for white goods -- air conditioners and LED lights, with a budgetary outlay of Rs 6,238 crore