linkedin
BROUGHT TO YOU BY
Exclusive Access, Inclusive Growth

WELCOME TO ET PRIME

BROUGTH TO YOU BY
Exclusive Access, Inclusive Growth

Get access to free reads

Start Your Trial Start Your membership

Get 15-day free trial to all of ET Prime

Start Your Trial Start Your membership
Not a member
Already a member?
Not a member

Your membership

RENEW
ET Prime
Manufacturing

India’s air-conditioner market is set to explode. Chinese giants are well-placed to tap it.

India’s room air-conditioner market is only a tenth of China’s. This gives the industry a huge opportunity for growth. Although the hike in customs duty on air conditioners did prompt domestic companies to locally manufacture components, they continue to rely on Chinese firms for compressors.
Increase Font
Decrease Font
Cancel
18 Sep 2020 6 Mins Read 0 comment
Workers assemble air conditioners at a plant in Gurugram. Getty Images
Workers assemble air conditioners at a plant in Gurugram.
For Indian households, air conditioners (AC) have been a low-priority product for long. Invariably, the first choice for most households in the country is still the humble electric fan, and the AC has carried the tag of a luxury item for decades. But that’s changing. According to experts, the latter half of the decade has seen a new
as Voltas and Blue Star may adapt and survive to protect their market share, mid- to small-level companies such as Lloyd, operating in the economy and mass-premium segments, face the risk of losing further market share. ( The author is a Sebi-registered independent research analyst. He can be reached here.) ( Graphics by Sadhana Saxena)
For Indian households, air conditioners (AC) have been a low-priority product for long. Invariably, the first choice for most households in the country is still the humble electric fan, and the AC has carried the tag of a luxury item for decades. But that’s changing. According to experts, the latter half of the decade has seen a new as Voltas and Blue Star may adapt and survive to protect their market share, mid- to small-level companies such as Lloyd, operating in the economy and mass-premium segments, face the risk of losing further market share. ( The author is a Sebi-registered independent research analyst. He can be reached here.) ( Graphics by Sadhana Saxena)

The latest from ET Prime is now on Telegram. To subscribe to our Telegram newsletter click here.

Gift this story

YOU CAN GIFT 0 MORE STORIES THIS MONTH

Maximum 10 Email IDs allowed

300 characters remaining

Gift Sent Successfully

Limit Reached
Limit Reached

You’ve gifted all the 0 articles from your monthly gift bucket!

Please come back next month.

0 more articles will be waiting for you in your gift bucket.

Current Edition

Message from Planet Labs’ eye in the sky: India is a medieval knight in the age of modern warfare
Space

Message from Planet Labs’ eye in the sky: India is a medieval knight in the age of modern warfare

Satellite pictures of the Galwan valley region shared by US-based Planet Labs exposed China backtracking on the agreement with India to disengage. While the images did help India foster its case in shaping global opinion, it also exposes the country’s unpreparedness in advanced technologies. The episode underlines the urgent need to nurture companies in satellite imaging and space technology.

[[^message]]

Result

[[/message]] [[#message]]

[[message]]

[[/message]]