Air Conditioner

Lower prices after the GST cut, pent-up demand, and festive season sales should support growth

World’s no. 1 air-conditioner maker to expand capacity in India

The Japanese company has signed a memorandum of understanding to acquire an additional 33 acres (13.4 hectares) to build a new plant near its current factory in southern India, chief executive officer of Daikin’s India operations Kanwal Jeet Jawa said.

Blue Star, Voltas hold up in Q1 amid weather disruptions

Growth is expected to continue but margins could be under pressure because of competition

Time to chill out about air conditioning’s carbon footprint

Under almost every plausible scenario, the climate in 2050 will be suffering more from heating homes than cooling them

Viral: He asked for a split AC room in Mumbai. The hotel took it quite literally

Twitter is currently in splits over the bizarre placement of an air conditioner in a hotel room in Mumbai.

World’s biggest Air-Conditioner maker doubles down on India

“The market has a huge potential,” said Kanwal Jeet Jawa, chief executive officer of Daikin’s India operations. “We see India as a market, post-Covid recovery, as the best among all the other markets in the world.”

AC sales hit record high of 17.5 lakh units in April; to touch 90 lakh in 2022: CEMA

Driven by the early arrival of summer and intense heat wave, residential air conditioner makers are looking forward to a record sales of around 90 lakh units this year, said Consumer Electronics and Appliances Manufacturers Association on Tuesday.

Rapid growth in power demand, low coal stocks: India stares at major blackouts this summer

The country's grid reported a record load of 200,570 megawatts (MW) on July 7, 2021, at the height of last summer, according to the National Load Despatch Centre of the Power System Operation Corporation (POSOCO).

AC makers expect double digit growth amid looming price hikes

Buoyed by the recent prediction by the India Meteorological Department (IMD) about the summer temperature staying ”above normal” in April and May, leading air conditioner (AC) makers including Voltas, Hitachi, LG, Panasonic and Godrej Appliances are expecting pent-up demand of the last two seasons that saw market disruptions due to COVID-19 pandemic.

Blue Star, Voltas or Amber Enterprises: Which is the best buy?

Voltas and Bluestar continue to trade at elevated valuations, which seem to price in the positives. Investors can look to accumulate Amber on correction

Ideas For Profit | Are AC companies a cool investment bet?

Low penetration levels coupled with rising temperatures make a compelling case for long-term investment in the AC sector. Near-term visibility on demand front is limited, but the companies in the sector have sufficient liquidity to withstand the demand disruptions caused by Covid. Overall, valuations in the sector appear quite stretched, they seem to factor in long-term positives.

Intex eyes 6% share in air-conditioner market in 3 years

Penetration of ACs in the masses is very low in India as compared to the global average and the market would "unleash its potential in the next three to four years", according to Nikhil Garg, product business head, Intex.

Panasonic eyes 35% growth in air conditioner sales

Consumer electronics major Panasonic India has launched a top-end air conditioner with radiant cooling system and is also looking at 30-35 percent sales growth next fiscal in the overall AC segment.

Competition will improve efficiency; see growth good: Blue Star

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.

Videocon looks to corner 13% share in AC market this year

Homegrown consumer durables maker Videocon Industries is aiming to corner up to 13 per cent of the air-conditioner market this year, mainly by increased penetration in tier II and III cities and B2B sales.

Room AC mkt share may improve to 12.5%, growth at 30%: Blue Star

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.

Two sectors that Angel Broking is positive on

The government's focus on the roads sector is likely to pay off rich dividends for companies that are into road constructions, says Mayuresh Joshi of Angel Broking.

Expect 15-20% growth in AC biz by FY16-end: Blue Star

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.

Blue Star to up R&D investment;eyes 25% rise in room AC biz

The consumer durables firm, however, did not elaborate on the quantum or timeframe of the investment.

Saw post Diwali pickup; next 4 months critical: Bajaj Elec

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.

Is IIP proving to be the devil in GDP data?

CNBC-TV18‘s Latha Venkatesh spoke about the quality of India's macro-economic data with TCA Anant, Chief Statistician and Pranob Sen, Chairman, National Statistical Commission.

ICICI Sec initiates coverage on Voltas with reduce rating

ICICI Securities has initiated coverage on Voltas with a reduce rating. According to the brokerage the stock is likely to fall to Rs 81 on the back of challenging business climate, sluggish order awards and intense competition.

Carrier, Midea plan to invest Rs 500 cr to expand capacity

Consumer durables maker Carrier said it will invest Rs 500 crore over the next six years, along with its joint venture partner Midea, to expand its production capacity at its newly commissioned plant at Bawal, Haryana

Analysts warn about Voltas' margins

Shares in Voltas fell as much as 3.5 percent after the company told analysts the air conditioner and cooling products maker was expecting more downside to its margins and revenue growth across its business segments.

Dark clouds hanging over white goods sector

If expensive money, lingering inflation, slowdown in reforms, and the weak rupee weren‘t enough, the possibility of a deficient monsoon dampens consumer sentiment further, this year.