As I have not updated acprice.in so i am updating the news related to air conditioner for the months June, July and August 2012.
June 2012 ac news -
- Increased prices affected ac sales market by 40% in the month April-may. The other factors are high fuel prices, consumer goods and upgradation of energy efficiency norms lowering the demand during the peak seasons. For example a five-star 1.5 ton split AC now comes at Rs 35,500 compared with Rs 30,500 last year. Moreover,last year’s five-star model has been downgraded to a four-star AC, it is priced at Rs 32,900 this year.
- New star-rated ACs to save more bills and power consumption.You can expect 8 per cent more saving on your monthly electricity bill if you are buying a new air conditioner because the existing criteria of technical standards for energy efficiency in ACs has been enhanced from January 2012 in such a way that new star-rated ACs will save eight per cent more power than they are saving now. But this facility will be available only with split 1.5 ton AC models and those above it.
July 2012 ac news -
- Delhi-NCR demands more airconditioners & coolers as rise in temperature and no sign of rainfall. Sales of accoolers have become more than doubled in the NCR region and northern india. LG which has 1st position in air conditioner market has recorded a 20% growth in ac’s in May and June as compare to previous year.
- Rising temperature brings pleasure for AC makers as sales grow.
- Due to the excessive heat, people are buying Air Conditioner’s like never before.
August 2012 ac news -
- Voltas regain its 1st position from LG in AC market. LG’s marketshare stood at 17.7% in May against 18.3% in case of Voltas according to GfK-Nielsen India survey. In July 2011, LG was the leader, with a share of 22.6%. Samsung maintained its third position in room ACs but its marketshare plunged from 14.5% in July 2011 to 10% in May 2012. Panasonic has doubled its market share to 9.9% in the last 10 months. Hitachi increased its market share from 5.2% to 7.3% this fiscal.
- AC sales break seasonal barriers in india- Because the climactic conditions not following their regular cycle and seasons being erratic, industry is now going for hot and cold air-conditioners for all weather conditions. Voltas has launched its all weather proposition in the air conditioning segment. Earlier, 60-65 per cent sales of AC’s happen during the summer season (March-May). Now, summer season contributes only 35-40 per cent of AC sales and the rest is scattered throughout the year.Festivals, house renovations and setting up a new home are main factors for sales of air-conditioners whole 365 days.
- Inverter ACs, the next big thing in indian ac market. China already has 50 per cent inverter ACs and the concept is catching up in India because it helps not only in saving the nature but electricity also.Daikin, LG and Panasonic planning to focus more on this segement.