India's room AC market likely to touch $5 billion by FY28: Voltas, ET Retail
Voltas, a Tata group firm, expects the Indian room air conditioner market to reach USD 5 billion by FY28, with a CAGR of 10%. As an industry leader with a 21.6% market share in FY23, Voltas is optimistic about the growth in this segment. The company plans to capitalize on trends such as hotter summers, rising disposable incomes, and increased consumer finance availability.
Source: indiatimes.com
