AC sales hit record high of 1.75 million sales in April
Real Estate

AC sales hit record high of 1.75 million sales in April

Between the early arrival of summer and intense heatwave, Consumer Electronics and Appliances Manufacturers Association (CEMA) is expecting record sales of around 90 lakh units this year. The industry has already clocked a sale of around 1.75 million units last month, which is also a record high for the month. The figures are double compared to April 2021 and 30-35 per cent over April 2019 figures.

Due to high demand and supply constraints of components such as controllers and compressors, the availability of certain products, especially the energy-efficient 5-star range, could be an issue in the next couple of months as manufacturers may not be in a position to supply their entire range of models to meet the rising market demands. 

The demand has been chalked up to the opening up of markets and the sweltering heat wave. CEMA has cautioned that the availability of certain products could be an issue as there are supply issues of controllers and compressors especially from China, while the demand for more energy-efficient ACs has been very high. There could also be a price hike of around 4-5 per cent to protect margins since the input costs have increased substantially.

Between the early arrival of summer and intense heatwave, Consumer Electronics and Appliances Manufacturers Association (CEMA) is expecting record sales of around 90 lakh units this year. The industry has already clocked a sale of around 1.75 million units last month, which is also a record high for the month. The figures are double compared to April 2021 and 30-35 per cent over April 2019 figures.Due to high demand and supply constraints of components such as controllers and compressors, the availability of certain products, especially the energy-efficient 5-star range, could be an issue in the next couple of months as manufacturers may not be in a position to supply their entire range of models to meet the rising market demands. The demand has been chalked up to the opening up of markets and the sweltering heat wave. CEMA has cautioned that the availability of certain products could be an issue as there are supply issues of controllers and compressors especially from China, while the demand for more energy-efficient ACs has been very high. There could also be a price hike of around 4-5 per cent to protect margins since the input costs have increased substantially.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

EMO Energy and e-Sprinto to Deploy 8,000 Electric Scooters

EMO Energy has announced a partnership with electric two-wheeler maker e-Sprinto to deploy 8,000 electric scooters across India this financial year. The rollout will include both low-speed and high-speed models and will be phased across several cities. The scooters will be aimed at quick-commerce and last-mile delivery operations where uptime and energy efficiency are prioritised. EMO Energy said the scooters will use its patented ZenPac liquid-cooled battery platform with active thermal management, battery intelligence and energy optimisation to improve reliability and performance. ZenPac con..

Next Story
Infrastructure Energy

Octillion Opens Third EV Battery Plant in India

Octillion Power Systems has opened its third manufacturing facility in Halol, Gujarat, adding production capacity as demand for electric vehicle battery systems grows across passenger, commercial and public transport segments. The facility covers more than 13,000 square metres and was converted from an empty structure into an operational battery manufacturing plant in less than eight months. At full capacity the Gujarat plant will manufacture more than 48,000 battery systems annually, representing over three GWh of energy storage capacity. With the addition of the Halol facility Octillion's co..

Next Story
Real Estate

Land Reforms Could Unlock Urban Affordable Housing

Former cabinet secretary and NITI Aayog member Rajeev Gauba said India’s urban housing shortage could be tackled by unlocking 10 million (mn) vacant homes and using excess unutilised land held by public sector undertakings (PSUs). He said land availability lay at the heart of the problem and estimated that land accounted for as much as 50 to 70 per cent of total project cost. He urged states to waive land?use change fees and exempt stamp duty on land and transactions linked to affordable housing. He noted that urban population was projected to rise from 500 million to nearly 900 million by 2..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement