AC Manufacturers in India Expect High Growth

2021-05-31
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.
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