AC Market Sales Is Dipping Due To Untimed Rains And Weather Changed

AC Market Sales: The sale of air conditioners (ACs) used in homes has declined due to unseasonal rains. AC sales started booming in mid-February this year itself after the temperature rose. Now after March 15, AC sales have been affected. However, AC manufacturers consider this short-term and are hopeful that after the onset of heat wave in April, the decline in AC sales will end and they will achieve their sales target.

Record sales of 8.25 million units in 2022

The AC industry had shown a record sales of 82.5 lakh units in 2022 and the growth in the AC industry was expected to be in double digits this year after the temperature rises very early and similar forecasts.

Panasonic Life Solutions India Opinion

Panasonic Life Solutions India said that there has been a slight decline in its AC sales due to unseasonal rains. “However, there is still a lot of summer left and we are hopeful that we will achieve our target if there is no abnormal weather,” Gaurav Shah, business head of the company’s AC group, told PTI.

What did Daikin India say?

When asked about the impact of unseasonal rains, Daikin India Chairman and Managing Director (CMD) KJ Jawa said, “Market sentiment may change for five-six days. this is temporary. It won’t make much difference. There is going to be a lot of demand in the market. The market will grow by more than 20 percent this year.

What is the opinion of Haier Appliances India?

Satish NS, president of Haier Appliances India, said the drop in temperature has given them enough time to chalk out their strategy. He said, “It is expected that the weather will clear up in the next few weeks and the demand for ACs and fridges will increase.”

what about voltas

Voltas said that in the third week of March it rained in some parts of the country. It is too early to estimate the sales of these products which will run till June and till July in many parts of the country. The Tata group firm said that these products have to be kept in advance, so that it can be consumed immediately in the market after a sudden heat wave.

what ceama said

Consumer Electronics and Appliances Manufacturers Association (CEAMA) said that there has been a setback in sales in the second phase but it is temporary. Eric Braganza, president of SIEMA, said, “May is going to be very hot. All the reports are indicating the same.

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