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.

Next Story
Infrastructure Transport

RVNL wins North Eastern Railway bridge project worth Rs 1.66 billion

Rail Vikas Nigam Limited (RVNL) announced on 27 October that it has emerged as the lowest bidder (L1) for a significant infrastructure project awarded by the North Eastern Railway, as part of its routine business operations. The project involves the construction of the substructure for Important Bridge No. 50, which will comprise 14 spans of 61 metres each. It will feature a Double D-type well foundation designed for a double line and adhere to the RDSO 25T axle loading standard. The bridge will be built over the river Gandak, situated between Paniyahwa and Valmikinagar stations, as part of ..

Next Story
Infrastructure Transport

Northern Railways plans direct Kashmir link with India

Following the successful launch of twin Vande Bharat trains on the Srinagar–Katra route, marking the completion of the Udhampur–Srinagar–Baramulla rail link in June, Northern Railways is now working towards providing direct rail connectivity between Kashmir and the rest of the country, an official has confirmed. Senior Divisional Commercial Manager of the Jammu Division, Uchit Singhal, said that efforts are underway to resolve operational and security challenges to achieve this milestone for Jammu and Kashmir. Speaking to PTI after introducing a two-minute stoppage for the semi-high-sp..

Next Story
Infrastructure Transport

Railway Board approves new station at Nedumbassery airport

The Railway Board has approved the construction of a new railway station at Nedumbassery, fulfilling a long-standing demand from air passengers using the Cochin International Airport. Union Minister George Kurian’s office announced on Wednesday that the decision marks a major step towards enhancing rail connectivity to the airport, which serves as one of southern India’s key transport hubs. According to the statement, Kurian had earlier met Railway Minister Ashwini Vaishnaw, who assured him that the project would be expedited. The plan gathered momentum following Vaishnaw’s visit last ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?