Amber Enterprises management called this year to be the best so far for India's AC industry, with the segment promising to grow by 3-3.5x over the next five years.
People are buying air conditioners, coolers, faster fans and upgrading to more efficient ones as they look at ways to cool themselves in scorching heat.
Overall the AC industry, which had record sales of around 8.25 million units in 2022, expects to continue its double-digit growth journey this season also led by the prediction of harsh temperature and an elongated summer season.
This is the seventh year in a row, when Voltas is witnessing over one million AC milestone,
The series of state lockdowns have resulted in sales of both room airconditioners and projects falling for the second summer in a row
Room AC makers are fairly confident about growth this year. But resumption of lockdowns and curfews can pose risks to demand
The company attained the pre-Covid sales numbers during the festival season last year and expects to continue with the positive momentum this summer.
It is also looking at over 30 percent increase in distribution outlets for air conditioners (AC) to 12,000 in two-years' time as against 9,000 in the current financial year.