India's room AC sales hit a record 12.5 million units in FY2025, with 20-25% annual growth.

India's room air conditioner sales hit a record 12.5 million units in FY2025, with an expected growth of 20-25% annually. Factors driving this surge include rising temperatures, increased household ownership, urbanization, and better income and financing options. The industry is projected to stabilize at 10-12% growth in FY2026. Government initiatives aim for 75% local production in three to four years, boosting domestic capacity by over 40%.

October 15, 2024
11 Articles