Page 8 - Air Conditioners

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

PLI to help create complete component ecosystem in India, says ICEA

The production-linked incentive (PLI) scheme announced by the government for air-conditioners and LED lights will help create a complete component ecosystem in India, mobile industry body ICEA said. The scheme is expected to attract global investments, generate large scale employment opportunities and enhance exports substantially, it added. This scheme is designed to create a complete component ecosystem in India and make India an integral part of the global supply chain, the body noted. On Wednesday, the government announced the PLI scheme for white goods - Air Conditioners and LED Lights - with a budgetary outlay of Rs 6,238 crore. The proposal was approved in a Union Cabinet meeting, chaired by Prime Minister Narendra Modi. ICEA Chairman Pankaj Mohindroo said: "The scheme is expected to attract global investments, generate large scale employment opportunities and enhance exports substantially. It will also lead to investments in innovation, research & development and ...

White goods, solar modules get Rs 10,738 crore worth of PLI push

While incentives worth Rs 6,238 crore would be provided over five years for manufacturing of white goods in India, the outlay for solar PV modules is Rs 4,500 crore

Cabinet approves Rs 6,238 crore PLI scheme for air-conditioners, LED lights

Local manufacturers may delay investments in building capacity to assemble

PG Electroplast to invest Rs 100 cr to expand its Ahmednagar plant

The expansion will create over 600 jobs locally and enable the company to improve both its capabilities and capacities for manufacturing Air Conditioners and other appliances, said PGEL in a statement

Air conditioners manufacturers commit to export target of 50% of sales

As part of the announcement, the Centre has earmarked over Rs 1.46 trillion for 10 sectors under the scheme.

Rich valuations may weigh on Voltas' cool outlook despite stellar Q3 show

Analysts turn cautious following a near 40 per cent gain in last three months

AC import ban to drive market share gains for Voltas, Blue Star and Havells

Investment in domestic manufacturing capacities will stand them in good stead; OEMs like Amber Enterprises to also benefit

DGFT's new rules for AC imports: Right move with little impact, say experts

While companies cannot import gas-filled AC units, there are no curbs on importing similar AC units without refrigerant

Festival boost: Home appliance makers look to regain some lost ground

CG Consumer among top picks because of increased demand for home and kitchen gadgets; Voltas preferred among AC makers

11 killed, 40 injured after 6 air conditioners explode in Bangladesh mosque

Sources said that sparking led to one of the A/Cs exploding which then triggered blasts in the other air conditioners of the mosque

Firms may look beyond mobiles to meet ambitious electronics goal

The last of the 2-part series analyses the challenges in ramping up non-mobile device manufacturing

Johnson-Hitachi to halve imports, double exports over next 1 year

The move comes amidst the shrill calls for boycotting Chinese goods following violent skirmishes on the Leh border earlier this month that lead to the killing of 20 Indian soldiers

Daikin to go ahead with investment plan for 3rd manufacturing unit in India

The company, which has plans to set up a third manufacturing unit in South India, would make an announcement regarding it very soon after finalising the site

After mobile phone devices, phased manufacturing push for AC makers

Prime Minister Narendra Modi, while addressing India Inc on Tuesday, had stressed the need for reducing imports and strengthening local products across key categories including ACs.

Food to air conditioners: Consumers press order button as markets reopen

QSRs wanting a slice of lockdown trade to white-collar workers dressing down in athleisure, demand for non-discretionary items has spiked since May 17

Exports likely to improve in May, contraction expected to be 30-35%: Goyal

Addressing the Digital Summit on Exports organised by the Confederation of Indian Industry (CII), Goyal said he expects the fall in exports to narrow to 8-10 per cent in June.