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Blue Star forecasts a 20% rise in AC sales in India due to upcoming consumption tax cuts.
India's Blue Star, an air conditioner manufacturer, forecasts a potential 20% increase in room AC sales this year due to the Indian government's plan to cut consumption taxes.
Prime Minister Modi announced the tax cuts to boost consumption amid US trade tensions.
Despite the anticipated benefits, there may be a short-term sales dip as consumers wait for the lower tax rates, which are expected to take effect before the Deepavali festival.
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Blue Star pronostica un aumento del 20% en las ventas de AC en India debido a los próximos recortes de impuestos al consumo.