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    • AC mkt has been stagnant for past 2-3 years: LG officials

      Slowing down of the economy and delay in real estate projects are among the reasons that have led to stagnation in the air conditioner market for the past few years, top officials of consumer durables manufacturer LG India said today.

    • May not achieve sales target: Voltas

      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. .

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