Bajaj Electricals CMD Shekhar Bajaj says with winter not setting in yet, sales of winter-dependent products are yet to pick up. Also, with online retailers offering such steep discounts, there is confusion in the minds of consumers.
B Thiagarajan, ED, Blue Star says the air conditioners market is set for an explosive growth over the next five years
In an interview to CNBC-TV18, B Thiagarajan, president, Air-Conditioning & Refrigeration Products Group, Blue Star said that their air conditioning market was growing in-line with estimates.
FDI in retail will provide impetus to the corporate sector, he adds. Moreover, some uptake can also be expected in the cold storage segment, said Tyagarajan.
To counter the escalating raw material prices, Blue Star has hiked prices of its air-conditioning and refrigeration products.