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GST cut lifts hope for AC firms in a dull year
Mint Bangalore
|September 06, 2025
After a mild, financially bleak summer, Indian air-conditioner companies are hoping for a second bite at the cherry this year.
After a mild, financially bleak summer, Indian air-conditioner companies are hoping for a second bite at the cherry this year. A 10-percentage-point cut in the goods and services tax (GST) on ACs has sparked hopes of a 'second summer' during the festive season, offering a much-needed lifeline to companies reeling from a washed-out June quarter.
With AC prices set to drop from 22 September, experts predict the tax cut will unlock pent-up demand and boost festive sales.
This story is from the September 06, 2025 edition of Mint Bangalore.
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