India
Godrej Appliances Aims at 10% RAC Share
Godrej Appliances aims to double its sales growth in the RAC segment this summer, and increase its market share despite a recent price hike and inflationary pressure on inputs, said Kamal Nandi, business head and executive vice president of Godrej Appliances. He, however, hinted at another price hike by the air conditioner industry in April this year if the commodity prices continue to soar. Like ...
Daikin Launches New Range of Split Systems
Daikin Airconditioning India has launched a new range of split-type RACs indigenously conceptualized and manufactured for Indian consumers. The new U series range claims future ready technologies. Due to customer emphasis on air quality and health, Daikin has extended its patented streamer discharge technology to the 4 -star segment in addition to offering an upgrade to products with Wi-Fi. Its de...
Johnson Controls Opens Manufacturing Plant in Pune
Johnson Controls has announced the opening of its new manufacturing plant in Pune in the Western state of Maharashtra. The plant will produce smart, sustainable, cost-effective, and market-leading chi...
Government Reopens PLI Application Window for RAC Components
The Indian Ministry of Commerce announced on March 8 that it is reopening the application window for its PLI scheme for room air conditioner (RAC) components from March 10 to April 25. The government had approved the PLI for such components in April 2021 as part of its ‘Make in India’ push. The scheme is to be implemented over a seven-year period from fiscal year (FY) 2022 to FY 2029 w...
Samsung to Set up Compressor Plant in South India
M. K. Stalin, chief minister of the Southern state of Tamil Nadu, witnessed the signing of a memorandum by the South Korean manufacturer Samsung to invest INR 15.88 billion (about US$ 208 million) to set up a new compressor manufacturing plant in Sriperumbudur near Chennai in the Southern state of Tamil Nadu. The plant, spread over 8.9 hectares, will have a capacity to produce 8 million compres...
RAMA Chalks out HVAC&R Industry Roadmap in Webinar on PLI
The Indian Refrigeration and Air-conditioning Manufacturers Association (RAMA), an association that represents 80% of manufacturers and sellers of residential and commercial air conditioning and also ...
Ingersoll Rand India Partner For Nature-Based Solutions with
MAY 6, 2022 Ingersoll Rand India Limited along with SEEDS (Sustainable Ecological & Environmental Development Society) and GMDA (Gurugram Municipal Development Authority), teamed up to buil...
Samsung R&D Institute, Noida Moves to a New 377,118 sq ft Mo
28-04-2022 The new office campus is spread across 10 floors in the Candor TechSpace building The workspace follows the hot desking concept, allowing people to choose where they want ...
Carrier India Continues to Elevate Customer Experience With
GURUGRAM, INDIA - Apr. 26, 2022 The new facility showcases the latest HVAC technology To help channel partners, customers and consulting engineers make more objective and informed decisions ab...
Indian AC Market Shows Vigorous Recovery
In India, the sales volume of air conditioners decreased significantly in 2020 due to the impact of lockdowns associated with the pandemic. However, in 2021, it showed a steady recovery along with imp...
