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    HomeNewsBusinessCompaniesIndustry to grow by 20-25% this summer; GST to push AC prices up by 2-3%: Bluestar

    Industry to grow by 20-25% this summer; GST to push AC prices up by 2-3%: Bluestar

    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.

    March 30, 2017 / 13:28 IST

    "This summer is going to be as great a summer as it was last year", B Thiagarajan, joint MD of Bluestar told CNBC-TV18 in an interview.

    According to him, the market will grow at around 20-25 percent in FY17 and company's air-conditioning segment is expected to grow by 35 percent in FY17.

    With the passage of Goods and services tax (GST), prices of ACs will go up by around 2-3 percent, he said.

    Speaking about the competition, he said, "Every year some player plays the price game, we will be doing minor adjustments but we are not going to be playing that game at all".

    For full interview, watch accompanying video...

    first published: Mar 30, 2017 11:26 am

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