Indian AC Manufacturers are Expecting Record Sales this Year as a Heatwave Scorches

Environmental News from India: 

Indian air conditioner manufacturers are expecting record sales this year as a heatwave scorches most of the country, an industry body told Reuters, but delayed arrivals of components from COVID-hit China may cause shortages of premium products.

With temperatures this month breaching 49 degrees Celsius in New Delhi, sales are set to reach 8.5-9 million units this year, up from 2019’s previous record of 6.5 million, the head of the Consumer Electronics and Appliances Manufacturers Association (CEAMA) said.

“The market has been extremely good because this year, we got the heat in the second half of March rather than April,” CEAMA President Eric Braganza, formerly the India head of China’s Haier Appliances, said on Tuesday.

Power demand has also hit a record high as India registered its hottest March in more than a century and an unusually hot April.

“Because of the (COVID-19-related) issues in China, it is taking longer for supplies to reach,” Braganza said. “As a result, and with a surge in demand, we’ve seen that energy-efficient conditioners are what are in short supply.”

Braganza, whose association members include Voltas Ltd (VOLT.NS), Whirlpool of India Ltd (WHIR.NS), and Havells India Ltd (HVEL.NS), said deliveries of parts from China are now taking 60-90 days, up from 45 days normally.

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Source: Reuters

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