Chennai: Daikin Air-conditioning India, a wholly owned subsidiary of the Daikin Industries, Japan, inaugurated its green field unit at Sri City in And.
Sales of apparel were a mixed bag this festive season while those of consumer durables saw an uptick with mobiles, laptops, and air conditioners being in demand.
In apparel, Tier-2 and -3 markets did better for some brands, because these have been witnessing an uptick for the past 18-20 months compared to metros. The past two weeks have been good, and we saw a 13 per cent increase in value sales, and volume sales have also been similar, Manish Kapoor, managing director (MD) and chief executive officer (CEO), Pepe Jeans
Durables makers eye festive boost after summer washout financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.
Designed to boost India’s manufacturing capabilities and exports, the production-linked incentive scheme has had a tepid beginning. Things might begin to change in FY24, with economic activity predicted to normalise