New Delhi, March 30 Customs authorities have issued a demand notice of ₹23.52 crore, including duty and penalties, against Voltas, a manufacturer of air conditioners, over alleged mis-classification of certain imported goods, according to a regulatory filing on Monday.The company is reviewing...
New Delhi, March 22 Air conditioner manufacturers are proceeding cautiously after unusual rainfall triggered by western disturbances swept large parts of the country, which could potentially disrupt early summer demand, which typically drives sales.The industry is also concerned about the...
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In New Delhi, March 8 As temperatures rise, leading air conditioner manufacturers are increasing prices by 5-15 percent to offset rising raw material costs and supply chain expenses.These price increases, which began in February and will continue through April, coincide with the peak summer...
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New Delhi, March 6 Leading air-conditioner maker Daikin India is set to increase prices by up to 12 percent from April, as the cost of raw materials and supply chain expenses have gone up."Effective April 2026, Daikin India will implement a 7-12 percent price increase across its product range...
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New Delhi, February 26 Consumer electronics brand Acerpure, a part of Taiwan's Acer Group, is looking to leverage its success in India to expand into other emerging markets like the Philippines, Vietnam, Thailand, and Indonesia as it seeks to grow globally, a senior company official said on...
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New Delhi, February 13 Panasonic Life Solutions India announced on Friday that it aims to increase its air conditioner sales to 2 million units by FY28, driven by new product launches and market expansion.The company has introduced its 2026 portfolio, comprising 57 new models of residential...