Air Conditioner

Summer Washout: Can Voltas recover the lost momentum?

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

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.