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25 February: British Virgin Islands, Legislature.23 February: Nigeria, President, House of Representatives and Senate.The segment is still highly dependent on imports with an average of 25 per cent local value addition only.The government had last year approved 26 applications for manufacturing of components of the air conditioner with a committed investment of Rs 3,898 crore under the production-linked incentive scheme. In April, we witnessed higher than expected growth and strengthened our market leadership with product portfolio developed based on indian consumer insight and technology leadership,” said Deepak Bansal, VP – Home Appliances & Air Conditioners, LG India.Īccording to the Consumer Electronics and Appliances Manufacturers Association (CEAMA), the Indian residential AC market is expected to be around 7 to 7.5 million units and more than 15 companies operate in the space. Especially there is good demand for 5-star rated products. "We are witnessing robust growth in AC sales this season due to rising temperatures. LG India also said it is witnessing a "robust growth” in AC sales this season and has seen higher than expected growth in April. "While there is continued pressure on input costs, we are working to minimise the impact on consumer pricing,” said Panasonic’s Sah, adding, "The bigger challenge is product availability itself due to unstable global supply situation.” However, the manufacturers are also worried about the rise in input costs, and there could be a price revision by some of them this month. At Haier, we have garnered a YoY growth of over 50 per cent in March and over 100 per cent in April in the air conditioners segment,” he said. "Buoyed by the intense summer season this year along with the pent-up demand of the last two summers, we have been witnessing a greater demand this season for our air conditioners across India. Similarly, Haier Appliances India has recorded a YoY growth of over 50 per cent in March and over 100 per cent in April in the air conditioners segment, said its president Satish NS. We have grown more than 110 per cent over last year.” The sales, however, were much better than in April 2020. When asked about year-on-year (YoY) growth in April in comparison with last year, Singh said: "Last year being Covid-hit and many markets under lockdown, sales were impacted substantially.
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The company expects a big chunk of sales to come from smart ACs and inverter-based ACs, said Johnson Controls-Hitachi Air Conditioning India chairman and managing director Gurmeet Singh. Johnson Controls-Hitachi Air Conditioning India, which sells residential AC under the Hitachi brand, said its sales had almost grown more than double in April over last year, and the company is "optimistic" about achieving a record Rs 1,500-crore sales during the peak season in the segment. The company is hoping to see an overall 30-35 per cent growth this summer vs FY19 for room ACs, he added. Unlocking opportunities in Metal and Mining.Headwinds and Tailwinds Pharma Industry Conclave.Crypto Control Life Insurance Made Simple.
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April 2019 desktop calendar to do list series#