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Events / Business / India AC Makers Raise Prices
Business price increase

India AC Makers Raise Prices

Analysis based on 7 articles · First reported Mar 08, 2026 · Last updated Mar 08, 2026

Sentiment
20
Attention
4
Articles
7
Market Impact
General
Live prominence charts, article sentiment distribution, and event development timeline available on the Ergen Dashboard
Market Impact

The price increases by major AC manufacturers like Daikin — Daikin Comfort Technologies North America, Voltas, and LG Electronics in India are expected to impact consumer spending on air conditioners. Despite the hikes, companies anticipate strong sales growth in 2026 due to forecasts of a hotter summer, potentially boosting revenues for the involved entities.

Consumer Electronics Manufacturing
Event Summary

Leading room air conditioner manufacturers in India, including Daikin — Daikin Comfort Technologies North America, Voltas, Blue Star Limited, LG Electronics, Haier, and Mitsubishi Heavy Industries, are increasing prices by 5-15% between February and April 2026. This move is primarily driven by sustained increases in raw material costs, particularly Copper and Aluminium, a weakening India — Indian rupee against the United States, rising freight costs, and the implementation of new energy-efficiency norms by the India — Bureau of Energy Efficiency. Despite these price adjustments, industry executives, such as Kanwaljeet Jawa of Daikin — Daikin Comfort Technologies North America, B. Thiagarajan of Blue Star Limited, Mukundan C. Menon of Voltas, Sanjay Chitkara of LG Electronics, N. S. Satish of Haier, and Pradeep Bakshi of Mitsubishi Heavy Industries, anticipate strong sales momentum in 2026, expecting a hotter summer and improved energy savings from new star-rated models. The market is projected to see at least 15% growth, potentially matching or exceeding record sales from 2024, after a challenging 2025 due to unseasonal rainfall.

Entities Involved
subs
Daikin — Daikin Comfort Technologies North America
Daikin — Daikin Comfort Technologies North America India is increasing prices by up to 12% from April due to rising input costs and new energy norms, expecting strong sales growth in 2026.
Importance 80.0 Sentiment 20.0
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Voltas
Voltas is implementing a 5-15% price hike on its room air conditioners to offset increasing raw material costs and new energy-efficiency standards, anticipating better sales in 2026.
Importance 80.0 Sentiment 20.0
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Blue Star Limited
Blue Star Limited has already increased prices by 8-10% in mid-February to manage rising costs, with new higher-priced inventory expected to reach the market soon.
Importance 70.0 Sentiment 20.0
govactor
India — Bureau of Energy Efficiency
The India — Bureau of Energy Efficiency's new revised star rating norms, effective January 1, have led to more energy-efficient but costlier AC models.
Importance 60.0 Sentiment 0.0
per
Kanwaljeet Jawa
Kanwaljeet Jawa, Chairman & Managing Director of Daikin — Daikin Comfort Technologies North America India, confirmed the company's price increase and attributed it to rising costs and new energy norms.
Importance 60.0 Sentiment 0.0
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Haier
Haier India has increased prices by 5-8% effective March, expecting sales to pick up with rising temperatures and perform better than 2024.
Importance 60.0 Sentiment 20.0
per
B. Thiagarajan
B. Thiagarajan, Managing Director of Blue Star Limited, stated the company had already implemented a price increase in February.
Importance 50.0 Sentiment 0.0
per
Mukundan C. Menon
Mukundan C. Menon, Managing Director of Voltas, explained the necessity of price adjustments due to increasing input costs and new energy standards.
Importance 50.0 Sentiment 0.0
per
Sanjay Chitkara
Sanjay Chitkara, Director & Co-Chief Sales & Marketing officer of LG Electronics India, detailed the price increases for LG models and the offsetting effect of GST reduction.
Importance 50.0 Sentiment 0.0
per
N. S. Satish
N. S. Satish, President of Haier India, confirmed Haier's price increases and expressed optimism for sales this year.
Importance 50.0 Sentiment 0.0
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Pradeep Bakshi
Pradeep Bakshi, Director of Mitsubishi Heavy Industries, cited the weakening India — Indian rupee as a reason for their 5% price hike.
Importance 50.0 Sentiment 0.0
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Mitsubishi Heavy Industries
Importance 0.0 Sentiment 0.0
cmdt
Aluminium
Importance 0.0 Sentiment 0.0
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LG Electronics
Importance 0.0 Sentiment 0.0
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Tata Group
Importance 0.0 Sentiment 0.0
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