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AC prices to go up by 5 percent due to customs duty hike, rise in logistics cost amid Coronavirus scare

Amid Coronavirus scare, several manufacturers expect 2020 to be a challenging year for the industry as they are going to airlift components such as controllers, compressors and other materials from China, Thailand, and Malaysia and the increased logistics cost would put pressure on input costs.
Daikin eyes Rs 2,000 crore revenue this fiscal

Daikin Air-conditioning India, a fully-owned subsidiary of the USD 14-billion Daikin Industries of Japan, is eyeing up to Rs 2,000 crore revenue this fiscal, a top company official said.

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