AC-fridge sales have increased by more than 10% this month. Soft drinks, milk drinks, water, and ice cream have also started selling more. Due to this, their prices have increased by 7-25%. Sales are expected to increase further in the coming months. In such a situation, companies have started increasing production.
The day temperature in the northern and western parts of the country is touching the record for many years. Usually, this does not happen in February. Due to this, the demand for products used in summer has started increasing. As a result, LG has started working in three shifts. Companies like Godrej Appliances and Panasonic are also increasing the production of AC fridges by 100%.
These companies are preparing to increase the supply
PepsiCo: Varun Beverages, the largest franchisee of PepsiCo worldwide, has started increasing inventory since December last year. In India, the company is also setting up two new plants in Madhya Pradesh and Rajasthan, along with increasing the capacity of 6 existing plants.
LG India: Kulbhushan Bhardwaj, Senior General Manager, said, “Despite inflation, the demand for consumer durables has not decreased. Meanwhile, sales have increased by more than 10% due to the early onset of summer. In such a situation, we have started increasing production.
Godrej Appliances: Business Head and Executive Vice President Kamal Nandi said, “We estimate that the sales of all cooling appliances will increase by about 40% this summer as compared to last year.”
Panasonic: According to Fumiyasu Fujimori, MD, Panasonic Marketing India, sales of cooling products such as ACs and fridges have increased by 35% since April 2022. As the summer progresses, it is expected to increase further.
FMCG companies also started increasing production Along with white goods like AC-fridge, the production of FMCG products is also being increased. Analysts at consultancy firm Redseer said in a note, "2023 is expected to see strong sales of some summer products." The note is based on the sales outlook of companies such as Hindustan Unilever, Nestle, ITC, and Spencer's Retail.
Amit Shah, Home Minister, angry at Chidambaram's statement on Operation Sindoor, asked- What will you get by saving Pakistan?
During the discussion on 'Operation Sindoor' in the Lok Sabha, Home Minister Amit Shah launched a scathing attack on the statement of Congress MP and former Home Minister P. Chidambaram. He raised the
Meghalaya Mystery: Husband's body found after eight days, wife still missing; What happened in the case of the couple who went from Indore?
The case of the disappearance of a couple who had come to Meghalaya from Indore, Madhya Pradesh for a honeymoon is in discussion. When the couple went missing on 23 May, it was believed that the
PBKS vs RCB: These eleven players will make you rich in Dream-11! Make this strong player the captain
In the 58th match of IPL 2024, Royal Challengers Bangalore will face Punjab Kings. Punjab has played 11 matches so far this season, out of which the team has won 4 and
HMPV Virus: RTPCR test started, preparations to start a special lab; People coming from outside states will be monitored
Vigilance has increased in Himachal Pradesh after cases of Human Metapneumo Virus (HMPV) were reported in the country. Under the instructions of the government, the Health Department has asked all
SBI Server Down: Online and UPI services were affected due to the server down, customers are worried
Many customers of the State Bank of India (SBI) are facing problems with net banking and UPI service. Several SBI users have taken to the microblogging site Twitter to share their concerns about the
IMD Foundation Day: Three incidents and then IMD was established in 1875, PM Modi launched 'Mission Mausam'
Established in 1875 during the British period, the Indian Meteorological Department (IMD) is going to complete 150 years of its establishment on January 15. From a simple beginning to the cutting-edge
World Cup 2023: Pakistan begged in front of Jai Shah! PCB asks for compensation; Zaka Ashraf wrote a letter to the ACC President
The Pakistan Cricket Board (PCB) has demanded compensation from the Asian Cricket Council (ACC) for the loss of gate money due to the Asia Cup 2023 matches being held in Sri Lanka. Though the PCB
Modi Surname: JP Nadda said - Rahul has a big ego and little understanding, insulted OBC society for political gains
After the conviction of Congress leader Rahul Gandhi in the defamation case, the BJP is continuously attacking him. BJP President JP Nadda also verbally attacked Rahul Gandhi on Friday. Nadda tweeted
Supreme Court refuses to hear NEET dispute, gives this reason for not issuing notice to investigating agencies
The Supreme Court on Monday refused to give an urgent hearing to a petition seeking a CBI and ED probe into the NEET UG paper leak case. A bench headed by Justice Abhay S Oka refused to issue notice
IND vs ENG: Will India's 89-year drought of victory in Manchester end? Will Gill be able to surpass Gavaskar and Dhoni?
The fourth Test of the five-match series between India and England will be played from July 23 at Old Trafford in Manchester. The English team is currently leading the series 2-1. After winning
