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In an interview to CNBC-TV18, B Thiagarajan, Joiint MD of Blue Star and Nilesh Gupta, Managing Partner at Vijay Sales spoke about the market condition for air conditioner makers.
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Indian Meteorological Department (IMD) has forecasted a scorching summer and air-conditioner makers are gearing up for it. Blue Star has launched 40 new air-conditioner models. In an interview with CNBC-TV18, B Thiagarajan, Managing Director of the company spoke about the latest happenings in his company and sector.
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In an interview to CNBC-TV18, B Thiagarajan, Joint MD of Blue Star spoke about the likely trends for 2018.
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Blue Star is in focus on the back of a turnkey order win in mechanical, electrical and plumbing (MEP) segment. In an interview to CNBC-TV18, Vir Advani, MD of Blue Star spoke about the order win and the latest happenings in the company.
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Few companies are impacted with regards to the discounts which have been raining on white goods. CNBC-TV18 spoke to Blue Star and Vijay Sales and they spoke about how secondary sales have shot up in the month of June. In an interview to CNBC-TV18, Sunil D'souza, Managing Director of Whirlpool of India spoke about what exactly the experience has been at Whirlpool.
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In the run up to goods and services tax (GST), retailers are offering heavy discounts on televisions, air-conditioners, refrigerators, washing machines and other home appliances. In an interview to CNBC-TV18, B Thiagarajan, Joint MD of Blue Star and Nilesh Gupta, Managing Partner at Vijay Sales discuss the same.
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In an interview to CNBC-TV18, Anil Rai Gupta, CMD of Havells India spoke about the goods and services tax (GST) and latest happenings in the company.
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In an interview to CNBC-TV18, B Thiagarajan, Joint MD of Blue Star and Nilesh Gupta, Managing Partner at Vijay Sales spoke about the latest happenings in the sector.
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In an interview to CNBC-TV18, B Thiagarajan, Joint MD, Blue Star spoke about the latest happenings in his company and sector.
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B Thiagarajan, joint MD of Bluestar expects market growth of around 20 percent and company’s air-conditioning segment to grow by 35 percent in FY17.
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Competition is healthy for any business because it brings in pricing efficiency and product quality into the market, says B Thiagarajan, Joint MD, Blue Star commenting on the acquisition of Lloyd Electric by Havells India.
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Not at all worried about the demonetisation impact and believes the industry has the potential to grow by 15% in the calendar-year 2017, said B Thiagarajan, Joint MD, Blue Star.
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With demand and consumption coming to a standstill due to demonetisation, secondary sales have come down drastically for Blue Star which saw a drop in sales in the first two weeks on the back of consumer nervousness, says B Thiagarajan, JMD of the company.
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B Thiagarajan, Joint MD of Blue Star says that online sales have been subdued this year in comparison to last year as the e-retailers are focusing more on other products like LCD TVs and small appliances. He is optimistic that 30 percent of demand will be fulfilled by online sales by 2020.
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B Thiagarajan, Joint MD of Blue Star, expects the market to grow by at least 20 percent during the upcoming festive season, that is October to December period.
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Rakesh Biyani, Director, Future Group, says with substantial cash in hands of the consumer the demand for white goods is sure to go up.
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The only challenge for Blue Star will be the rising marketing costs, where despite a 30 percent increase in the ad spends, the company's media exposure will remain more or less the same, says B Thiagarajan, Joint MD of the company.
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Company will offer residential water purifiers for the first 6 months, and eventually enter commercial water purifier, says B Thiagarajan, Joint MD of Blue Star
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B Thiagarajan, ED of Blue Star says the company's growth target for 2016 is 25 percent.
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B Thiagarajan ED, Blue Star says the company is seeing ample demand even in the deep freezers segment and implementation of Goods and Service Tax (GST) will further boost its growth.
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In an interview to CNBC-TV18, B Thiagarajan, executive director, Blue Star, says the company is hopeful of doing strong business in the room air conditioning and deep freezing business.
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In an interview to CNBC-TV18, B Thiagarajan, executive director, Blue Star, says the company is in the business for the long-term and continues to be positive on the same.
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B Thiagarajan, executive director, Blue Star expects the Indian AC market to grow at 15-20 percent in FY16.
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In an interview to CNBC-TV18, B Thiagarajan, ED, Blue Star, discusses on the company‘s plans and future outlook.
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Blue Star will provide the refrigeration technology and Eureka will provide the purification part for this in-built water purifiers, said ED, B Thiagarajan.
