Main residential air conditioner maker Voltas on Sunday stated it has recorded a 35 per cent gross sales development to over two million models in FY24, turning into the primary firm within the home market to cross this mark. The efficiency was attributed to a constant demand for cooling merchandise through the yr, coupled with a powerful offline and on-line distribution community, and new modern launches, the Tata Group agency stated in an announcement.
“The corporate achieved over 2 million AC models throughout this fiscal 2023-24, the best ever sale of ACs by any model in a monetary yr in India, with a quantity development of 35 per cent,” it added.
With these landmark gross sales, Voltas is “the primary ever model to attain this extraordinary milestone within the Air Conditioning business in India”, it stated.
The Indian residential AC market is estimated to be round 10 million models in FY24 and is predicted to develop to 11.5 million models this yr.
Even through the March quarter, when gross sales of compressor-based cooling merchandise are low because of handy temperatures: “Voltas registered a major quantity development of 72 per cent in AC gross sales throughout This autumn FY24”.
The corporate claimed that with these gross sales numbers, “Voltas is the undisputed market chief and has maintained its primary place within the Room Air Conditioner class”.
Its MD and CEO Pradeep Bakshi stated: “We imagine that our extensive presence, concentrate on the rising retail channels, glorious distribution community, sturdy model fairness and enticing shopper affords have helped us to attain this vital milestone”.
Voltas is now additional increasing its retail and distribution community to cater to its rising product portfolio.
“The corporate registered a major development in quantity in different cooling merchandise, together with air cooler and business refrigeration merchandise,” stated Voltas.
Apart from, its residence home equipment model Voltas Beko, a JV with Turkish home equipment maker Arcelik, additionally achieved the milestone of promoting near 2 million models in FY24.
“General, 5 million shopper merchandise obtained bought to glad clients throughout the nation by Voltas in FY24,” it stated.
“The corporate achieved over 2 million AC models throughout this fiscal 2023-24, the best ever sale of ACs by any model in a monetary yr in India, with a quantity development of 35 per cent,” it added.
With these landmark gross sales, Voltas is “the primary ever model to attain this extraordinary milestone within the Air Conditioning business in India”, it stated.
The Indian residential AC market is estimated to be round 10 million models in FY24 and is predicted to develop to 11.5 million models this yr.
Even through the March quarter, when gross sales of compressor-based cooling merchandise are low because of handy temperatures: “Voltas registered a major quantity development of 72 per cent in AC gross sales throughout This autumn FY24”.
The corporate claimed that with these gross sales numbers, “Voltas is the undisputed market chief and has maintained its primary place within the Room Air Conditioner class”.
Its MD and CEO Pradeep Bakshi stated: “We imagine that our extensive presence, concentrate on the rising retail channels, glorious distribution community, sturdy model fairness and enticing shopper affords have helped us to attain this vital milestone”.
Voltas is now additional increasing its retail and distribution community to cater to its rising product portfolio.
“The corporate registered a major development in quantity in different cooling merchandise, together with air cooler and business refrigeration merchandise,” stated Voltas.
Apart from, its residence home equipment model Voltas Beko, a JV with Turkish home equipment maker Arcelik, additionally achieved the milestone of promoting near 2 million models in FY24.
“General, 5 million shopper merchandise obtained bought to glad clients throughout the nation by Voltas in FY24,” it stated.
