Blue Star aims at 15% market share in FY25 in RACs
Updated: Apr 4
INDIA: According to a senior official, air conditioning company Blue Star Ltd. wants to sell 13 lakh room air conditioners (RAC) in FY25 in order to gain a 15% market share in this segment. "Due to the hard summer, we hope to sell over 10 lakh RACs this year, up from 8 lakh last year." We intend to sell 13 lakh units next year," B. Thiagarajan, Managing Director, stated to the press.
Six lakh units are produced at the company's Himachal facility, three lakh in Sri City, and one lakh are outsourced. According to him, one lakh units will be outsourced and 12 lakh units will be accounted for by both HP and Sri City next year. He stated that the company's market share in RAC was 13.75%, and that it aimed to reach 15% in the upcoming fiscal year. ars. | Special Arrangement is credited with this photo.
According to a senior official, air conditioning company Blue Star Ltd. wants to sell 13 lakh room air conditioners (RAC) in FY25 in order to gain a 15% market share in this segment. "Due to the hard summer, we hope to sell over 10 lakh RACs this year, up from 8 lakh last year." We intend to sell 13 lakh units next year," B. Thiagarajan, Managing Director, stated to the press.
Six lakh units are produced at the company's Himachal facility, three lakh in Sri City, and one lakh are outsourced. According to him, one lakh units will be outsourced and 12 lakh units will be accounted for by both HP and Sri City next year. He stated that the company's market share in RAC was 13.75%, and that it aimed to reach 15% in the upcoming fiscal year. Regarding production capacity, he stated that the newly established Sri City facility has been regularly adding capacity since January 2023, while the current factory was running at maximum capacity.
Source: Blue Star