Rising mercury cranks up the heat in AC market
Industry fears a shortage with most companies not having enough key components such as compressors in stock to keep pace with demand.
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Industry fears a shortage with most companies not having enough key components such as compressors in stock to keep pace with demand.
The District Consumer Disputes Redressal Commission-I, Jaipur (Rajasthan) bench comprising Nimal Sharma (Member) and Dr. Subesingh Yadav (President) held LG Electronics liable for deficiency in...
Companies and retailers used this Republic Day weekend to offer deep discounts and enticing financing options, fuelling a 25% sales surge, amplifying their efforts to clear inventory. The mid-premium segment was the biggest beneficiary, even as overall sales grew at a slightly faster pace than even last Diwali.
Packaged food, staples, laptops, wearables and smartphones saw the highest growth rates, mainly due to new products, according to senior industry executives.
Online platforms such as Amazon running its Independence Day sales saw a surge in laptop sales following the government announcement, industry executives said. The sales momentum is continuing even on Monday, retailers and brands said.