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Voltas, a Tata Group company, sold 1 million room AC units in Q1 FY27, strengthening its leadership in the competitive Indian market. This record achievement highlights strong consumer demand.

Despite a 23% revenue dip in FY26, Havells'' Lloyd expands its home appliance portfolio, investing in manufacturing & retail for future growth.

Havells India reports a 39.9% increase in Q4 net profit to Rs 723.39 crore. Revenue up 2.47%. Learn more about Havells''s performance.

LG Electronics India sells over 1 million ACs in Q1 2026, claiming market leadership. Voltas disputes claim. Read more.

Unusual rain and rising raw material costs threaten early summer demand for air conditioners in India. Price hikes expected.

Air conditioner prices are set to increase by 5-15% due to rising copper costs, a weak rupee, and new energy efficiency standards.

Samsung India launches AI-enabled WindFree ACs, promising up to 30% energy savings. Features Bespoke AI, SmartThings integration, and proactive maintenance.

TV prices are expected to increase in January due to memory chip shortages and a depreciating rupee. Learn more about the price hike.

Havells India reports 18.9% rise in Q2 net profit to Rs 318.3 cr. Revenue up 5.28%. Key business segment performance detailed.

Metal stocks surge, led by Lloyds Metals (up 6%) and Tata Steel (up 3%). Positive market sentiment driven by potential Fed rate cut.

Videotex partners with Samsung to manufacture Smart TVs based on Tizen OS in India. Enhancing & reinforcing Make in India ecosystem.

China's rare earth export restrictions jeopardize over 21,000 jobs in India's audio electronics sector, impacting speaker and component manufacturing. ELCINA urges government intervention.

Havells India Ltd reported a 15.73% increase in consolidated net profit to Rs 517 crore for the March quarter. Revenue from operations was up 20.24% to Rs 6,543.56 crore.

Samsung India aims for 10% market share in the room air conditioner segment, driven by strong growth and new AI-powered BESPOKE models. The company sees significant potential in the sector and...

Sharp Corporation re-enters the Indian air-conditioner market with new Reiryou, Seiryo & Plasma Chill Series, designed for India's climate. The company aims to strengthen its presence in the...

Samsung is aiming to reclaim its position in the Indian AC market with a new lineup of over a dozen models featuring Bespoke AI solutions. The company expects a double-digit market share by 2025.

Havells India reported a 7.5% increase in its Q2 net profit to Rs 268 crore, driven by improved consumer demand. Revenue rose 16.38% to Rs 4,539 crore. Read more.

Air conditioner manufacturers saw record profits in April-June due to blistering heat, with companies like Voltas, Blue Star, and Havells reporting significant revenue growth.

Havells India reported a 42% surge in consolidated net profit to Rs 407.51 crore in Q1 FY24, driven by robust sales growth amidst a scorching summer. Revenue from operations also increased...

Havells India Ltd reported a 24.76% rise in consolidated net profit to Rs 446.70 crore for the March 2024 quarter. Revenue from operations grew 12% to Rs 5,442.02 crore.

LG Electronics expects to sell 2 million AC units in 2024, driven by a hotter summer and increased demand for smart & IoT-enabled models. The company sees a strong growth potential in India's AC...

Havells India's net profit rose 1.54% to Rs 287.91 crore in Q3 FY24, driven by a 6.93% increase in revenue. Consumer demand is showing signs of recovery, while infrastructure-led demand remains...

Reliance Industries was the biggest wealth creator from 2018-23, while Adani Enterprises emerged as the top all-round wealth creator, according to a Motilal Oswal study.

Havells India's consumer durables brand Lloyd has entered the Middle East market through a partnership with TeknoDome. The company plans to offer a range of technologically advanced and...

The Directorate of Revenue Intelligence (DRI) conducted a search at Havells India's headquarters over alleged misclassification of imported heating elements. The company says the impact is minimal.