–newsjizz:-AC, refrigerator sales increase by 15 pcs in April-May
AC, refrigerator sales increase by 15 pcs in April-May
New Delhi, June 9 () This year's scorching summer has helped manufacturers of air conditioners and refrigerators overcome the depression registered in the past two years and record healthy sales growth of around 15 percent in April and May, according to industry participants.
The industry is experiencing growth throughout the country, especially in the Level II and III markets.
General sales at the industry level for April and May for CA, growth is between 15 and 18 percent. Last year, for the same period, we had a decrease of 5 to 7 percent in sales of CA, Consumer Electronics and Electrical Appliances Manufacturers Association (CEAMA) President Kamal Nandi said.
Refrigerator sales are also growing. It is not as high as the air conditioning. It's around 10 to 12 percent. Both categories are growing at a healthy growth rate this summer, he added.
Dr. Voltas and CEO, Pradeep Bakshi, said: We have witnessed double-digit growth during this period, taking advantage of our strong presence throughout India.
The industry witnessed very high traction this summer, which began in March in southern and central India, and spread through the east, west and parts of the north in April and May, he added.
Panasonic India recorded a 40 percent increase in air conditioning sales and a 60 percent increase in refrigerators during April-May.
Demand has been high for both categories across the country and we have seen an increase in sales this season, with April and May figures contributing significantly, said Panasonic India President and CEO Manish Sharma.
Meanwhile, LG Electronics India recorded a 60% growth in air conditioning sales and a 50% increase in refrigerator sales.
According to Vijay Babu, vice president of household appliances and air conditioners of LG Electronics India, Across the country, sales have increased ... Best of all, all regions have performed well, especially in the east, which has not It worked well until March 15. After the heat wave started, all of this sudden rebounded big time.
Even after Cyclone Fani in Odisha, CA sales were quite high.
After the cyclone, we never expected such high sales. There we grew between 60 and 70 percent, added Babu.
Godrej Appliances has also registered healthy sales growth, although it is a small player in the CA segment.
We have done very well. In the refrigerator, our growth exceeds 20 percent and in AC, we are growing at around 30 percent, said Kamal Nandi, business director and executive vice president of Godrej Appliances.
Johnson Controls-Hitachi Air Conditioning India reported a 13 percent growth in volume in March to May 2019 compared to last year.
The 51% growth in volume in 2018 registered only in the South region, said the president and CEO of the company, Gurmeet Singh. The Indian hall AC market is estimated at around 4.5 million units, with more than 20 companies competing in space. KRH ABM
Source: AC, refrigerator sales increase by 15 pcs in April-May
by Hitachi Cooling & Heating