The Indian Meteorological Department has predicted above-normal number of heatwave days in most parts of the country between March and May. Most cities across India have witnessed higher temperatures between Jan-Mar so far compared to previous year and this has further added to the optimism about higher AC volume growth.This will benefit companies in the cooling segment, which is poised for another strong summer season. Analyst said that even as most players have secured their compressor supplies for this season, some players are better placed than others. While primary growth trends are encouraging, we would monitor secondary offtakes and margin delivery in the context of RM inflation, rupee depreciation and higher rebating (intense competition).Per media reports, there could be shortages of compressors in India due to the non-renewal of BIS licenses of foreign vendors. “The BIS license of Highly (China) is valid until June 2025 and GMCC (China) is valid until January 2026. We note that compressor imports to India grew +40 per cent YoY in April 2024 to February 2025. (ICE NEW DELHI)

Fonte notizia: Financial Express