HEATWAVE SPIKES AC SALES IN INDIA, RETAILERS FACE SHORTAGES

The heatwave in India is showing no mercy and people have been scrambling to buy air conditioners, however retailers cannot keep up with the demand. In fact retailers are only getting about half the quantities they have ordered from the companies thanks to production slowdowns and LPG supply hiccups. In the last two weeks, AC sales jumped 20-25% compared with last year as buyers try to beat more price hikes. Some of the AC manufacturers that are set to benefit from this surge in demand are