Never miss a great news story!
Get instant notifications from Economic Times
AllowNot now


You can switch off notifications anytime using browser settings.
The Economic Times
11,419.25-177.65
Stock Analysis, IPO, Mutual Funds, Bonds & More
Summer heat sends sale of ACs, refrigerators soaring

Smaller cities, towns see big sales growth, as easy finance also aids demand.

These ACs will be sold through the portal, EESLmart.in, which marks EESL’s foray into e-commerce, an official statement said.

The big picture: TVs watch from the stands as ACs post mammoth total

For the first time, TV sales have not shown the usual spike during a World Cup, following the rise in spending on ACs.

Large-screen TV sales soar up to 100 pc as World Cup fever grips fans

Consumer electronics makers as Sony, Samsung, LG and Panasonic have reported up to 100 pc jump in sales of large-screen TVs (55-inch and above) compared to the same period last year.

TV sales roll on World Cup pitch

Both e-tailers, Amazon and Flipkart, have seen a spike in the sales of large-screen televisions.

Air cooler makers expect double-digit jump in sales this season as mercury soars

Air cooler makers expect a shift in leading markets with a huge replacement demand for branded coolers.

Panasonic India FY19 revenue up a tad

The consumer electronics business, Panasonic's largest in India, grew 2% to Rs 4,000 crore last fiscal year.

Chinese invaders force big TV brands to tweak pricing call

Samsung and LG want to narrow the pricing premium over brands such as Xiaomi, TCL, Thomson and BPL.

Sold over 2 million TV units in India in 14 months: Xiaomi

Xiaomi said it is also the number one smart TV brand in India for three consecutive quarters in a row

Hitachi expects 15 per cent growth in room AC sales this year

According to its strategy, Hitachi, which is revamping its brand identity, would focus on south and west region markets.

India had higher sales growth than our global average in 2018, says Monachon, VP-Omega

India had higher sales growth than our global average in 2018, says Monachon, VP-Omega

Demonetisation and GST had been disturbing and affected the brand in the luxury space, says Jean-Claude Monachon, vice president of Omega.

UK firm to sell water-saving washing machine tech to India's IFB

UK firm to sell water-saving washing machine tech to India's IFB

IFB claims to be a leading domestic appliance and commercial laundry equipment supplier in South Asia.

Higher cost of energy efficient white goods makes a dent on sales

Higher cost of energy efficient white goods makes a dent on sales

India's stringent energy norms have pushed up prices of higher rated white goods, making a dent on sales.

China's TCL Electronics forays in India with a new blend of home appliances

China's TCL Electronics forays in India with a new blend of home appliances

The company will roll out AC, washing machine, refrigerator and sound bar to strengthen its position in the Indian market.

Godrej Appliances expects 20% spike in topline on good summer

Godrej Appliances expects 20% spike in topline on good summer

The city-based company had clocked a revenue of Rs 4,300 crore last fiscal year and expects ACs and washing machines, which have low penetration levels, to drive growth.

Daikin India aims to be a Rs 5,000-crore firm in FY20, looks for 20% growth

Daikin India aims to be a Rs 5,000-crore firm in FY20, looks for 20% growth

The company is also expecting to have around 18 to 19 per cent market share of the residential AC market.

DURABLES STOCKS
NSE
BSE

Company NameLatestChange%ChangeVolume
Carrier Aircon Ltd.0000
Whirlpool of India1582.2-1.25-0.0869567
Value Industries3.8-0.15-3.8609
Whirlpool Washing Machines Ltd.0000
Voltas578.15-2.25-0.391119667
Load More...
1

Other useful Links


Follow us on


Download et app


Copyright © 2019 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service

BACK TO TOP