With the coronavirus (COVID-19) pandemic now spreading its tentacles across the country, manufacturers are staring at an uncertain future.
As people stay away from public places, demand for large appliances like air conditioners (ACs) and refrigerators are set to take a hit in the next few weeks.
Traditionally, sale of ACs and refrigerators begin by February, with the onset of summer in Kerala, followed by Tamil Nadu.
But a lockdown in the badly-hit southern state has severely impacted sales this year.
While over half the AC sales take place between mid-February and July, the late summer has further muted off-take.
Moreover, with all major metros reeling from fear of an outbreak, sales is yet to pick up in top markets like Delhi, Mumbai and Kolkata.
Kanwaljeet Jawa, managing director (MD) of Daikin India, said, while the firm is somewhat immune to supply disruption from China, as it has its manufacturing base in Indonesia. The impact of COVID-19 there could be felt in the near term.
ãã®èšäºã¯ Business Standard ã® March 18, 2020 çã«æ²èŒãããŠããŸãã
7 æ¥éã® Magzter GOLD ç¡æãã©ã€ã¢ã«ãéå§ããŠãäœåãã®å³éžããããã¬ãã¢ã ã¹ããŒãªãŒã8,500 以äžã®éèªãæ°èã«ã¢ã¯ã»ã¹ããŠãã ããã
ãã§ã«è³Œèªè ã§ã ?  ãµã€ã³ã€ã³
ãã®èšäºã¯ Business Standard ã® March 18, 2020 çã«æ²èŒãããŠããŸãã
7 æ¥éã® Magzter GOLD ç¡æãã©ã€ã¢ã«ãéå§ããŠãäœåãã®å³éžããããã¬ãã¢ã ã¹ããŒãªãŒã8,500 以äžã®éèªãæ°èã«ã¢ã¯ã»ã¹ããŠãã ããã
ãã§ã«è³Œèªè ã§ã? ãµã€ã³ã€ã³
Google Block On Reviews Draws Israeli, Palestinian Business Ire
Ashraf Creish, the owner of the West Bank restaurant Zest, knew the Israel-Hamas war was going to be hard on business.
Manufacturing PMI At 3-Mth Low On Poll Disruption, Heatwave
Intensive heatwave hampered production volumes
Nifty Bank Races Past 50k In Post-Election Euphoria
The Nifty Bank index, a gauge for the performance of leading banking stocks, crossed the 50,000 mark for the first time on Monday as the index rallied over 4 per cent in the exit-poll driven rally.
Nvidia, AMD Chiefs Square Off In A Fight To Take Control Of AI
Nvidia Corp. and Advanced Micro Devices (AMD)'s chiefs showcased new generations of the chips powering the global boom in AI development, deepening a rivalry that may decide the direction of artificial intelligence design and adoption.
Some Clarity Emerging On GenAI, Says Nilekani
The generative artificial intelligence (GenAI) revolution is in its second year now and some clarity is beginning to emerge from the noise and babble of the last 18 months, Infosys Chairman Nandan Nilekani said.
Toyota Apologises As Japan's Auto Safety Scandal Widens
Honda, Suzuki, Yamaha also in the crosshairs
Modi 3.0? Street celebrates on result eve
Sensex, Nifty jump over 3% each; investor wealth surges â¹14 trn; FPIs pump in â¹6.9K cr
Kerala lab develops Nipah-like particle
This non-infectious particle will help in vaccine production; second-stage test to be conducted on mice
Over 30% employees experience age-related discrimination at work
Overall 31 per cent of employees in India have experienced agerelated discriminations across sectors with the highest prevalence reported in multinational companies, a study said on Monday.
Remove claim of '100% fruit juice' from labels, ads: FSSAI directs FBOs
The Food Safety and Standards Authority of India (FSSAI) on Monday directed all food business operators (FBOs) to remove any claim of '100 per cent fruit juices' from the labels and advertisements of reconstituted fruit juices with immediate effect.