Business

AC makers to hike prices to offset rising input costs

Leading AC manufacturers are betting on high double-digit growth this year even as they are firming up plans to increase prices of residential air conditioners by 5 to 8 per cent before the crucial summer season starts.

migrator

Published:15th Mar, 2021 at 12:49 AM

New Delhi

Leading players such as - Voltas, Daikin, LG, Panasonic, Haier, Blue Star and Samsung - are expecting a high double-digit growth, as they are betting on pent-up demand, sweltering summer and continuance of work from home, which will create demand for additional cooling products.

This season, makers have introduced health and hygiene features in their range of ACs, claiming to protect their customers from the virus amid the pandemic.

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AC makers to hike prices to offset rising input costs

Leading AC manufacturers are betting on high double-digit growth this year even as they are firming up plans to increase prices of residential air conditioners by 5 to 8 per cent before the crucial summer season starts.

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