Sales of AC, other cooling products again hit by pandemic in peak season; companies now pin hopes on extended summer

Article feature image

For the second consecutive year, sales of air conditioners (ACs) and refrigerators have been hit during the peak season of April and May due to the localised lockdowns and restrictions on account of surging Covid cases in the country. The pandemic situation has forced companies to recalibrate their target and go for pre-Covid (2019) sales number without being too aspirational.
Leading players in the segment including
, Daikin, , Panasonic and Haier reported almost 75 per cent dip in April sales…

Click here to view the original article.