Samsung to supply DVM III plus to the Emirates Nuclear Power

Samsung Gulf Electronics, a market leader in consumer electronics and world leader in Information Technology, in cooperation with Bayanat Electro Mechanical Company - WLL (BEMCO), Samsung’s Commercial...


AC makers to cash in on summer demand

Plan to mitigate the scorching summers with a cool new air conditioner (AC)? Well, be prepared to shell out more as AC and refrigerator manufacturers turn up the heat. Consumer electronics companies cite high input costs for cranking up the prices of ACs and refrigerators by about three to five per cent. "The input cost has gone up considerably. Till now we have been holding the price but then w...


Trane chillers for India now Eurovent-certified

New Delhi, March 17, 2011 The Trane plant in Charmes, France has been awarded Eurovent qualification for the testing of air cooled chillers greater than 600 kW. As a result, the entire range of air co...


Voltas eyes 50 per cent increase in AC sales in next fiscal

Chief Operating Officer, Voltas Ltd, Pradeep Bakshi, during the launch of the its new range of Air Conditioners In New Delhi on Tuesday. Photo: Kamal Narang   Tata Group firm Voltas on Tuesday s...


Air conditioning biz to boost Voltas revenue

The retail air conditioner (AC) market is said be growing at 30-32% per annum in the last few years. In the last four-six quarters, VoltasLtd has sharpened its focus on this segment. The firm has lined up energy-saving products and aggressive marketing. At present, Voltas with a 19% market share in ACs is second to the Korean brand LG by a small gap.   Voltas’ market share grew from 16.5% in ...


RInfra committed to bring 'Change for Mumbai'

March 16, 2011 Reliance Infrastructure Limited (RInfra), Mumbai’s largest power distributor, has come up with an unique way to relieve consumers from the rising power bills, it has launched a comprehensive programme to distribute  energy efficient electrical appliances and gadgets to consumers at discounted rates under its campaign, viz., ‘Change for Mumbai’.   Under ‘Change for Mumbai’ ...


Mitsubishi Electric Celebrates Opening of Sales Office in In

Mitsubishi Electric held an opening ceremony for their sales office in India on February 18, 2011 at the Dehli Taj Mahal Hotel. Mitsubishi Electric’s local sales company, Mitsubishi Electric India Pvt...


AC makers flood market with aggressively priced models; laun

NEW DELHI: Delhiites may still be praying for a sunny morning when they hit the bed in winter chill, but the country’s air-conditioner makers are already sweating it out, flooding the market with aggressively priced models and launching multi-crore campaigns.  High-end Japanese players Daikin and Hitachi have introduced new entry-level models that are only marginally costlier than Korean and...


Denso Establishes Automotive AC Compressor Company in Indone

Toyota Industries and Denso and Toyota Tsusho will establish a new automotive air conditioning compressor manufacturing company in Bekasi, Indonesia, in January 2011.   “The new company to be named P.T. TD Automotive Compressor Indonesia (TACI). TACI is our 5th overseas compressor factory, which will increase our supply capabilities to meet the growing needs of the ASEAN automobile market,” s...


UP market hotbed for AC manufacturers

Virendra Singh Rawat / New Delhi/ Lucknow March 04, 2011Uttar Pradesh, which accounts for almost 10 per cent of the country’s retail air conditioner (AC) market, has caught the fancy of consumer electronics majors as summer 2011 approaches.   Prominent names among the AC segment, including Daikin, Hitachi and Godrej, are eyeing to increase their market share in the region with aggressive mark...


Samsung India Posts US$ 3.5 Billion Turnover in 2010

The Indian arm of Korean consumer durable major Samsung posted a turnover of US$ 3.5 billion (over Rs 15,935 crore) during 2010 and has set a growth target of 40% for 2011, a senior company official said recently.   Samsung India Deputy Managing Director Ravinder Zutshi told reporters that the company achieved 58% growth in 2010 compared to the 2009 figure. He said the US$ 3.5 billion turnove...