AC firms taking steps to check stock pile-up

UNSEASONAL RAINS HAVE dampened the country's early summer demand for air conditioners this year and companies are now taking measures to adjust their production to avoid inventory pile-up.

- RAGHAV AGGARWAL

The year started on a high note with summer demand kicking early, spiking AC sales in February, March and April.

However, this started changing by the end of April. In May, the country witnessed the highest rainfall since 1901 and the lowest average daytime temperature in the last four years, according to the India Meteorological Department.