The leading AC maker is lining up nearly Rs 1,000 crore over the next 4-5 years through the PLI scheme, says Bakshi
Demonetisation has taken a toll on consumer durable industry, says Pradeep Bakshi of Voltas.
The company has not cut or raised prices and is offering extended services along with financial easing to aid customers buy its products using Equated Monthly Installment (EMIs), says Pradeep Bakshi, Executive Vice President & COO, Voltas.
The company which launched power saving range of All Star AC and all weather AC is expecting that the new products would help Voltas to grow its volumes in room airconditioning segment.
In an interview to CNBC-TV18, Pradeeep Bakshi, President & COO, Unitary Products, Voltas, says the last three to four months have been good for the company and there has been an uptick in sales
Pradeep Bakshi of Voltas is not expecting any price increases for air conditioners in the near-term.
Voltas, India‘s leading air conditioner brand, has planned to foray into the air coolers business.
B Thiagarajan, ED, Blue Star says the air conditioners market is set for an explosive growth over the next five years
Tata group firm Voltas Ltd today said it expects revenues from air conditioners to increase by 20 per cent in the current fiscal as it aims to clock 10 lakh unit sales.
Pradeep Bakshi, COO, Voltas in an interview with CNBC-TV18 said that the industry is saddled with large inventories because summer did not set in time and high inflation lead to spike in prices of air conditioners and some other appliances which in turn lead to degrowth. .