Blue Star has said it expects its room or residential air conditioners and commercial refrigeration businesses to get back to normal by the last quarter of the current financial year after it reported a steep fall in its revenue hit by COVID-19 led disruptions.
E-commerce giants Flipkart and Amazon are all set to kickstart their online sales from August 6. While the sale covers a wide range of products, if you’re buying large appliances online here’s what you need to keep an eye out for.
"The present standoff has triggered us to come to this hard stop for imports of finished products from China. We have taken the decision to stop all finished goods sourcing and are working hard to also develop the component ecosystem in India itself,'' the company's Managing Director Chandru Kalro said in a statement.
Following the Covid-19 outbreak, consumers globally – including in the United States, United Kingdom, South Korea, Italy, Germany and France are becoming more aware of the “origin” of products they purchase.
In a statement, the company said it has joined hands with the AP body supporting the ‘Atmanirbhar Bharat Abhiyan’ initiative and extending commitment towards skilling and making the youth more employable.
When the Prime Minister exhorted Indians to be vocal about local, there were quite a few apprehensions. But Indians are now benchmarking their products competing with the world’s best and crafting high quality artisanal products too. Which one we buy is our choice entirely.
The June quarter saw a surge in sales in these products as well as products that serve DIY needs for personal grooming like epilators and trimmers. Many companies have completely sold out their stock in most of these categories.
"TCPL will aim at emerging into a full-fledged FMCG firm and also scout for new opportunities in the international markets," N Chandrasekaran told shareholders at the company's virtual annual general meeting.
Godrej Appliances are currently operating at 60% as compared to 20% in May. “We will reach 80% capacity in July and full capacity from August,” business head Kamal Nandi said in a virtual press meet on Friday.
Third-party manufacturers were already exploring options to reduce their dependence on imports of finished products since the Covid-19 crisis disrupted their supplies from China, but the recent border issue and government’s vocal for local pitch has increased interest in last one week.