If you are planning to buy an air conditioner this summer, then hurry, because AC prices are going to increase. AC manufacturing companies have announced to increase its price. The companies are planning to increase the prices of residential air conditioners by 5 to 8 percent before the summer season starts. Many AC manufacturing companies are betting on double digit growth this year. In such a situation, she is going to increase the prices.
Companies like AC Voltas, Daikin, LG, LG, Panasonic, Haier, Blue Star and Samsung are expecting double digit growth this summer. Because of the pent-up demand, the fast growing heat and the work from home (WFH) continues by many companies, the demand for AC is expected to increase.
Companies introduced new products to increase sales
This season, many manufacturers have introduced health and hygiene facilities in their range of ACs, which claim to protect their customers from viruses amid the epidemic. They are also providing no-cost EMI, cashback and easy access to boost sales.
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Prices may increase by 3 to 5 percent
Daikin Airconditioning is going to increase the prices by 3 to 5 percent this month as the prices of metal and compressor which are largely imported have gone up. Kanwal Jeet Jawa, MD & CEO of Daikin Airconditioning India said, “It will have some impact on sales but demand is fast and this year will be hot.” We are hoping that there will be demand even after some price increases.
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