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Events / Indian AC Makers Hike Prices
Business Price increase

Indian AC Makers Hike Prices

Analysis based on 8 articles · First reported Mar 08, 2026 · Last updated Mar 08, 2026

Sentiment
10
Attention
2
Articles
8
Market Impact
Direct
Live prominence charts, article sentiment distribution, and event development timeline available on the NewsDesk Dashboard
Market Impact

Leading room air conditioner manufacturers in India are increasing prices by 5-15% to offset rising raw material costs, a weakening India===Indian rupee, and new energy-efficiency norms. Despite these price hikes, companies anticipate strong sales growth due to forecasts of a hotter summer, which could boost demand.

Consumer electronics Manufacturing
Event Summary

Major room air conditioner manufacturers in India, including Daikin, Tata Group===Voltas, Blue Star Limited, LG Electronics, Haier, and Mitsubishi Heavy Industries, are implementing price increases ranging from 5% to 15% between February and April. These hikes are a direct response to sustained increases in raw material costs, particularly copper, a weakening India===Indian rupee against the United States===United States dollar, and rising freight expenses. Additionally, the implementation of new energy-efficiency norms by the India===Bureau of Energy Efficiency, effective January 1, has also contributed to higher production costs. Despite the price adjustments, industry executives are optimistic about sales momentum for the year, driven by forecasts of a hotter summer and improved energy savings offered by the new star-rated models. The industry experienced negative growth in 2025 due to unseasonal rainfall but expects a rebound, potentially surpassing 2024's record sales.

Key Actions
90 Daikin increased prices by up to 12%
90 Tata Group===Voltas increased prices by 5-15%
85 Blue Star Limited increased prices by 8-10%
85 LG Electronics increased prices by 7-10%
80 Haier increased prices by 5-8%
80 Mitsubishi Heavy Industries increased prices by 5%
60 India===Bureau of Energy Efficiency implemented new energy-efficiency norms
Entities Involved
stock
Daikin
Daikin India is increasing prices by up to 12% from April due to rising raw material costs, a weaker India===Indian rupee, new energy norms, and increased freight costs. Despite the price hikes, Daikin expects strong sales growth of at least 15% this year, anticipating a hot summer.
Importance 80 Sentiment 10
subs
Tata Group===Voltas
Tata Group===Voltas, a Tata Group firm and market leader, is implementing a 5-15% price hike for its room air conditioners. This adjustment is to offset increasing input costs, including copper prices, a weakening India===Indian rupee, and new energy-efficiency standards. Tata Group===Voltas aims to maintain high-quality, energy-efficient products for its customers.
Importance 80 Sentiment 10
stock
Blue Star Limited
Blue Star Limited has already increased prices by 8-10% in mid-February. However, the market impact is not yet fully visible as dealers are still selling older, lower-priced inventory. The company expects new, higher-priced batches to reach the market over time.
Importance 70 Sentiment 5
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LG Electronics
LG Electronics India has increased prices by about 7% for 3-star models and 9-10% for 5-star models, aligning with new energy norms. These more efficient ACs offer 11% better efficiency, helping consumers save on electricity bills, and a GST reduction has partially offset the cost increase.
Importance 70 Sentiment 5
stock
Haier
Haier India has increased prices by 5% for 3-star models and 8% for 5-star products, effective from March. The company has observed sales picking up as temperatures rise and anticipates better sales than in 2024.
Importance 60 Sentiment 5
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Mitsubishi Heavy Industries
Mitsubishi Heavy Industries has increased its AC prices by 5%. This price adjustment is primarily attributed to the weakening of the India===Indian rupee against the United States===United States dollar, impacting import costs.
Importance 60 Sentiment 5
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Kanwaljeet Jawa
As Chairman & Managing Director of Daikin India, Kanwaljeet Jawa announced Daikin's price increase and explained the reasons behind it, including new energy norms, rising material costs, and a weaker rupee. He also expressed optimism for strong sales in 2026.
Importance 60 Sentiment 0
+ 10 more entities View on Dashboard
Relationships
Kanwaljeet Jawa related ↔ Daikin
B. Thiagarajan related ↔ Blue Star Limited
Mukundan C. Menon related ↔ Tata Group===Voltas
Sanjay Chitkara related ↔ LG Electronics
N. S. Satish related ↔ Haier
Pradeep Bakshi related ↔ Mitsubishi Heavy Industries
Daikin related ↔ Tata Group===Voltas
Daikin related ↔ Blue Star Limited
Daikin related ↔ LG Electronics
Tata Group===Voltas related ↔ Blue Star Limited
+ 2 more relationships View on Dashboard
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