Air Conditioners News - Latest Updates & Headlines
PLI scheme for White Goods: 13 firms commit Rs 1,914 crore investment in 4th round
New Delhi, Nov 13: Thirteen companies have filed applications with a net committed investment of Rs. 1,914 crore in the fourth round of the production-linked incentive (PLI) scheme for White Goods (Air Conditioners and LED Lights), the government said on Thursday.
For large appliance makers, revenue growth expected to moderate in 2025-26: Crisil
New Delhi, November 2: Manufacturers of large appliances are expected to see revenue growth moderate to 5-6 per cent this financial year on a high base of 16 per cent logged last fiscal year, according to Crisil Ratings.
Govt extends PLI scheme deadline for white goods till November 10
New Delhi, October 17: The Department for Promotion of Industry and Internal Trade (DPIIT) has extended the application window for Round 4 of the Production Linked Incentive (PLI) Scheme for white goods (Air Conditioners and LED Lights) till 10th November this year, according to a government release.
GST rate rationalisation to boost consumer electronics market: Dixon Technologies Chairman
New Delhi, September 4: Sunil Vachani, Chairman of Dixon Technologies, has hailed the recent GST reforms as "path-breaking", predicting a major boost for the consumer electronics sector.
ICEA urges GST reduction to 18% on air conditioners and televisions to boost affordability
New Delhi, August 27: The India Cellular & Electronics Association (ICEA) has urged the government to reduce the Goods and Services Tax (GST) on air conditioners and televisions from 28 per cent to 18 per cent. The appeal, made through a press release, argues that the move is essential to make these products more affordable and to strengthen India's manufacturing competitiveness.
AC industry to register 19% CAGR growth for next 3 years, faces Compressor Shortage: Motilal Oswal
New Delhi, March 10: The Indian air conditioner (AC) industry is expected to register a robust 19 per cent CAGR growth over the next three years, driven by rising temperatures and increasing disposable income, according to a report by Motilal Oswal.
24 companies to invest Rs 3,516 crore under PLI scheme for ACs and LED lights
New Delhi, Jan 20: With as many as 24 beneficiary companies committing an investment of Rs 3,516 crore in the third round, the government's production-linked incentive (PLI) scheme is poised to significantly boost the production of components of ACs and LED lights across India, according to a Commerce and Industry Ministry statement on Monday.
24 Companies selected under PLI Scheme for White Goods with investment of Rs 3,516 cr
New Delhi, January 20: The Production-Linked Incentive (PLI) Scheme for White Goods has received a significant boost with a total of 24 beneficiaries committing investments of Rs3,516 crore during its third round of applications, as announced by the Ministry of Commerce and Industry.