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AC makers eye 15-18% growth as summer arrives early

AC makers eye 15-18% growth as summer arrives early

Saturday, April 1, 2017, 10:28 AM

The early arrival of summer this year, especially in the northern and eastern parts of the country, has fuelled AC makers’ hopes for 15-18% growth in volume, according to estimates by industry body Consumer Electronics and Appliances Manufacturers Association. In the past few years, the industry has grown at just 7.7%. It is expected to grow at a CAGR of 15% between 2016 and 2020.
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