AC Manufacturers in India Expect High Growth

Leading air conditioner manufacturers are betting on high growth this year even as they are firming up plans to increase the prices of room air conditioners (RACs) by 5 to 8% this summer. Leading players like Daikin, Johnson Controls-Hitachi Air Conditioning, Voltas, Blue Star, Panasonic, LG, Samsung, and Haier expect a high double-digit growth, due to the pent-up demand, sweltering summer, and continuance of work-from-home which are expected to create demand for additional cooling products.