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Godrej Appliances expects indigenisation to increase, AC sales to jump by double digits


Godrej Appliances expects indigenisation to increase, AC sales to jump by double digits
Like other AC manufacturers, Godrej Appliances also went for a price hike recently to ward off inflationary pressure on the raw material inputs and hinted it may go up for a similar move again if the costs continued their northward push
PTI | April 18, 2021 | Updated 14:50 IST
The Indian residential AC market is estimated to be around 7-7.5 million units per annum and over 15 companies compete in the segment
Godrej Appliances expects the indigenisation ratio of components for products such as residential air-conditioners to go up to 75 per cent in three to five years, with an increase in the local value addition, said a company official. This would be helped by the production-linked incentive (PLI) scheme by the government for air-conditioners, to encourage the brands to invest and create a component ecosystem into the country towards an Aatmanirbhar Bharat. ....

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Godrej Appliances to increase indigenisation; AC sales may go up in double digits this year


Godrej Appliances to increase indigenisation; AC sales may go up in double digits this year
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Last Updated: Apr 18, 2021, 02:20 PM IST
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Synopsis
Godrej Appliances, a unit of Godrej & Boyce, the flagship company of the Godrej Group, is looking for around a 15 per cent increase in value in sales this year, in comparison to 2019, helped by factors such as pent-up demand and work from home.
Agencies
Godrej Appliances expects the indigenisation ratio of components for products such as residential air-conditioners to go up to 75 per cent in three to five years, with an increase in the local value addition, said a company official. This would be helped by the production-linked incentive (PLI) scheme by the government for air-conditioners, to encourage the brands to invest and create a component ecosystem into the country towards an Aatmanirbhar Bharat. ....

Godrej Boyce , Kamal Nandi , Aatmanirbhar Bharat , Godrej Group , Godrej Appliances , Appliances Business Head , Executive Vice President Kamal Nandi , கோதுரேஜ் பாய்ஸ் , கமல் நந்தி , கோதுரேஜ் குழு , கோதுரேஜ் உபகரணங்கள் , உபகரணங்கள் வணிக தலை , நிர்வாகி துணை ப்ரெஸிடெஂட் கமல் நந்தி ,