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LG expects 2 mn AC sales in 2024 on harsher summers; IoT devices to chip in 10% of total sales

LG Electronics India, a wholly owned subsidiary of South Korea-based major LG Electronics Inc, on Monday launched 77 new models of air conditionersNew Delhi: Appliances maker LG Electronics has recorded sales orders of 1 million units for residential air...

Blue Star expects 25% growth in sales of residential AC in June quarter

The company has already witnessed up to a 40 per cent year-on-year increase in sales of AC in March from the Southern regionNew Delhi: Homegrown cooling products maker Blue Star on Tuesday said it expects up to 25 per...

AC industry expects double-digit growth, over 11.5 mn unit sales this season

The sale of energy-efficient 5-star inverter-technology-based models will have a higher contribution from metro cities and other big marketsNew Delhi: The sale of air conditioners has seen a relatively slow start, contrary to expectations, but manufacturers remain confident of...

Blue Star targeting to double exports within 3 years, says top official

The company's exports are worth around Rs 800 crore at present and it targets to double these within three yearsChandigarh: Blue Star Ltd is targeting to double its exports within three years as the company looks to expand its international...

Blue Star targets to achieve market share of 15% by FY25 in room air conditioners segment

The air-conditioning and commercial refrigeration major is also targeting to sell one million units this year as against over 8 lakh last yearChandigarh: Blue Star Ltd is targeting to achieve a market share of 15 per cent by FY2025 in...

Blue Star expects home water purifier sales worth Rs 400 cr in 3 yrs

Blue Star expects its sales in the home water purifier segment to rise over Rs 400 crore in the next three years, as it targets around 10 per cent market share in the space, said a top company official.According...

Blue Star eyes Rs 1,700 cr revenue from AC segment in FY19

Air conditioner maker Blue Star has launched 100 products for this summer season and has set a target of Rs 1,700 crore revenue from room AC segment as well as higher market share in the current fiscal."There are strong...

Blue Star eyes 12.5 pc market share, to take call on J&K plant

Air conditioner and commercial refrigerator maker Blue Star is aiming a 12.5 percent market share in the room air conditioner segment in 2018-19, as the demand is likely to grow due to indications of a hotter summer."There are strong...

Blue Star to invest Rs 100 crore in FY19

Air-conditioner maker Blue Star is looking to invest about Rs 100 crore in FY19 on new product development, R&D initiatives and advertising and brand communication, as part of its business growth plans in India.According to a PTI report: While...

Blue Star evaluates plans to set up Jammu plant

Air-conditioner manufacturer Blue Star Ltd is evaluating plans to set up a factory in Jammu and would decide about it at next month's board meeting, a top company official said. According to a PTI report: The company had announced setting...
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Indo Count signs licensing agreement with US-based Iconix for two brands

Under the agreement, Indo Count will bring two brands, Fieldcrest and WaverlyNew Delhi: Home textile bed linen manufacturer Indo...
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